MINA BD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MINA BD
Largest movements
- Receivables within one year +€39,525
up €39,525 (+433%), from €9,118 to €48,643
of which Other amounts receivable: +€42,845
- Cash +€28,795
up €28,795 (+81.0%), from €35,530 to €64,325
mainly Net result for the year (+€45,515) and Other debts (+€14,094)
- Tangible fixed assets -€11,744
down €11,744 (-23.4%), from €50,266 to €38,523
of which Furniture and vehicles: -€7,288
- Stocks and contracts -€8,098
down €8,098 (-63.3%), from €12,791 to €4,693
- Profit (loss) carried forward +€45,515
up €45,515 (+3,414%), from €1,333 to €46,849
- Trade debts -€18,364
no longer reported in 2025 (was €18,364)
- Other debts +€14,094
up €14,094 (+141%), from €10,000 to €24,094
- Tax, wage and social debts +€10,920
up €10,920 (+72.1%), from €15,150 to €26,070
of which Taxes: +€11,415
- Short-term financial debts +€5,863
new in 2025: €5,863
- Gross operating margin +€23,874
up €23,874 (+28.6%), from €83,606 to €107,481
- Staff costs -€9,380
down €9,380 (-19.3%), from €48,619 to €39,239
- Depreciation +€4,406
up €4,406 (+60.1%), from €7,337 to €11,744
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,119 | €157,439 | +€47,320 | +43.0% |
| Fixed assets | 21/28 | €50,767 | €39,024 | -€11,744 | -23.1% |
| Tangible fixed assets | 22/27 | €50,266 | €38,523 | -€11,744 | -23.4% |
| Plant, machinery and equipment | 23 | €17,891 | €13,435 | -€4,456 | -24.9% |
| Furniture and vehicles | 24 | €32,376 | €25,088 | -€7,288 | -22.5% |
| Financial fixed assets | 28 | €501 | €501 | = | 0.0% |
| Current assets | 29/58 | €59,351 | €118,415 | +€59,064 | +99.5% |
| Stocks and contracts in progress | 3 | €12,791 | €4,693 | -€8,098 | -63.3% |
| Stocks | 30/36 | €12,791 | €4,693 | -€8,098 | -63.3% |
| Amounts receivable within one year | 40/41 | €9,118 | €48,643 | +€39,525 | +433% |
| Trade receivables | 40 | €8,154 | €4,834 | -€3,320 | -40.7% |
| Other amounts receivable | 41 | €964 | €43,809 | +€42,845 | +4,444% |
| Cash at bank and in hand | 54/58 | €35,530 | €64,325 | +€28,795 | +81.0% |
| Deferred charges and accrued income | 490/1 | €1,912 | €756 | -€1,157 | -60.5% |
| Total equity and liabilities | 10/49 | €110,119 | €157,439 | +€47,320 | +43.0% |
| Equity | 10/15 | €39,314 | €84,829 | +€45,515 | +116% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,981 | €17,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,981 | - | -€17,981 | |
| Other | 1319 | €17,981 | - | -€17,981 | |
| Distributable reserves | 133 | - | €17,981 | +€17,981 | |
| Profit (loss) carried forward | 14 | €1,333 | €46,849 | +€45,515 | +3,414% |
| Amounts payable | 17/49 | €70,805 | €72,610 | +€1,805 | +2.5% |
| Amounts payable after more than one year | 17 | €21,638 | €15,798 | -€5,839 | -27.0% |
| Financial debts | 170/4 | €21,638 | €15,798 | -€5,839 | -27.0% |
| Amounts payable within one year | 42/48 | €49,147 | €56,027 | +€6,880 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,633 | - | -€5,633 | |
| Financial debts | 43 | - | €5,863 | +€5,863 | |
| Credit institutions | 430/8 | - | €5,863 | +€5,863 | |
| Trade debts | 44 | €18,364 | - | -€18,364 | |
| Suppliers | 440/4 | €18,364 | - | -€18,364 | |
| Taxes, remuneration and social security | 45 | €15,150 | €26,070 | +€10,920 | +72.1% |
| Taxes | 450/3 | €5,448 | €16,863 | +€11,415 | +210% |
| Remuneration and social security | 454/9 | €9,702 | €9,207 | -€495 | -5.1% |
| Other amounts payable | 47/48 | €10,000 | €24,094 | +€14,094 | +141% |
| Accrued charges and deferred income | 492/3 | €20 | €785 | +€765 | +3,841% |
| Remuneration, social security and pensions | 62 | €48,619 | €39,239 | -€9,380 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,337 | €11,744 | +€4,406 | +60.1% |
| Other operating charges | 640/8 | €1,037 | €1,153 | +€117 | +11.3% |
| Gross operating margin | 9900 | €83,606 | €107,481 | +€23,874 | +28.6% |
| Operating profit (loss) | 9901 | €26,614 | €55,344 | +€28,731 | +108% |
| Financial income | 75/76B | €130 | €126 | -€4 | -3.1% |
| Recurring financial income | 75 | €130 | €126 | -€4 | -3.1% |
| Financial charges | 65/66B | €845 | €1,221 | +€376 | +44.6% |
| Recurring financial charges | 65 | €845 | €1,221 | +€376 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €25,899 | €54,249 | +€28,350 | +109% |
| Income taxes | 67/77 | €7,918 | €8,734 | +€816 | +10.3% |
| Profit (loss) for the period | 9904 | €17,981 | €45,515 | +€27,535 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €17,981 | €45,515 | +€27,535 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.