MINAKEM HIGH POTENT: what changed
What changed
MINAKEM HIGH POTENT
NACE 46.120, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€4.0m
2024 · -€4.1m+€103,625
Equity
-€19.4m
2024 · -€15.4m-€4.0m
Cash
€11,301
2024 · €11,994-€693
Balance sheet total
€32.5m
2024 · €32.7m-€176,211
Largest movements
Assets
- Tangible fixed assets -€945,525
down €945,525 (-11.3%), from €8.4m to €7.4m
of which Plant, machinery and equipment: -€597,550
- Receivables within one year +€893,211
up €893,211 (+14.1%), from €6.3m to €7.2m
of which Trade receivables: +€1.2m
Equity and liabilities
- Debts after one year +€5.5m
up €5.5m (+14.3%), from €38.5m to €44.0m
- Profit (loss) carried forward -€4.0m
down €4.0m (-25.5%), from -€15.5m to -€19.5m
- Trade debts -€1.2m
down €1.2m (-36.5%), from €3.2m to €2.1m
Income statement
- Staff costs -€1.6m
down €1.6m (-24.4%), from €6.6m to €5.0m
- Goods and materials -€1.4m
down €1.4m (-30.4%), from €4.7m to €3.3m
of which Purchases: -€1.4m
- Services and other goods -€735,093
down €735,093 (-11.6%), from €6.3m to €5.6m
- Turnover +€496,326
up €496,326 (+4.2%), from €11.7m to €12.2m
- Write-downs -€430,882
new in 2025: -€430,882
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4.1m
Turnover
+€496,326
Other operating income
-€181,725
Goods and materials
+€1.4m
Services and other goods
+€735,093
Staff costs
+€1.6m
Depreciation
+€143,557
Write-downs
+€430,882
Provisions
+€83,359
Other operating charges
+€9,229
Other operating items
-€4.8m
Financial income
+€4,137
Financial charges
+€177,765
Taxes
-€7,948
Result 2025
-€4.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5.2m
Investment
-€334,116
Financing
+€5.5m
Cash 2024
€11,994
From operations (derived)
-€5.2m
Net result for the year
-€4.0m
Depreciation
+€1.3m
Stocks and contracts
+€191,707
Receivables within one year
-€893,211
Deferred charges and accrued income
-€91,413
Provisions
-€72,953
Trade debts
-€1.2m
Tax, wage and social debts
-€290,714
Other debts
-€252,555
Accrued charges and deferred income
+€75,408
Investment (derived)
-€334,116
Investment in fixed assets (net)
-€334,116
Financing
+€5.5m
Debts after one year
+€5.5m
Cash 2025
€11,301
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,655,951 | €32,479,740 | -€176,211 | -0.5% |
| Fixed assets | 21/28 | €8,520,628 | €7,552,193 | -€968,435 | -11.4% |
| Intangible fixed assets | 21 | €119,625 | €96,715 | -€22,910 | -19.2% |
| Tangible fixed assets | 22/27 | €8,391,003 | €7,445,478 | -€945,525 | -11.3% |
| Plant, machinery and equipment | 23 | €5,840,480 | €5,242,930 | -€597,550 | -10.2% |
| Furniture and vehicles | 24 | €14,227 | €9,625 | -€4,602 | -32.3% |
| Other tangible fixed assets | 26 | €2,100,758 | €1,995,624 | -€105,134 | -5.0% |
| Assets under construction and advance payments | 27 | €435,538 | €197,299 | -€238,239 | -54.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €24,135,323 | €24,927,547 | +€792,224 | +3.3% |
| Stocks and contracts in progress | 3 | €17,771,806 | €17,580,099 | -€191,707 | -1.1% |
| Stocks | 30/36 | €17,771,806 | €17,580,099 | -€191,707 | -1.1% |
| Raw materials and consumables | 30/31 | €3,093,012 | €3,065,549 | -€27,463 | -0.9% |
| Work in progress | 32 | €9,393,855 | €9,301,563 | -€92,292 | -1.0% |
| Finished goods | 33 | €5,284,939 | €5,212,987 | -€71,952 | -1.4% |
| Amounts receivable within one year | 40/41 | €6,315,727 | €7,208,938 | +€893,211 | +14.1% |
| Trade receivables | 40 | €5,544,544 | €6,738,690 | +€1.2m | +21.5% |
| Other amounts receivable | 41 | €771,183 | €470,248 | -€300,935 | -39.0% |
| Cash at bank and in hand | 54/58 | €11,994 | €11,301 | -€693 | -5.8% |
| Deferred charges and accrued income | 490/1 | €35,796 | €127,209 | +€91,413 | +255% |
| Total equity and liabilities | 10/49 | €32,655,951 | €32,479,740 | -€176,211 | -0.5% |
| Equity | 10/15 | -€15,446,379 | -€19,397,390 | -€4.0m | -25.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,514,029 | -€19,465,040 | -€4.0m | -25.5% |
| Provisions and deferred taxes | 16 | €412,303 | €339,350 | -€72,953 | -17.7% |
| Provisions for liabilities and charges | 160/5 | €412,303 | €339,350 | -€72,953 | -17.7% |
| Pensions and similar obligations | 160 | €412,303 | €339,350 | -€72,953 | -17.7% |
| Amounts payable | 17/49 | €47,690,027 | €51,537,780 | +€3.8m | +8.1% |
| Amounts payable after more than one year | 17 | €38,500,000 | €44,000,000 | +€5.5m | +14.3% |
| Other amounts payable | 178/9 | €38,500,000 | €44,000,000 | +€5.5m | +14.3% |
| Amounts payable within one year | 42/48 | €9,038,035 | €7,310,380 | -€1.7m | -19.1% |
| Trade debts | 44 | €3,247,104 | €2,062,718 | -€1.2m | -36.5% |
| Suppliers | 440/4 | €3,247,104 | €2,062,718 | -€1.2m | -36.5% |
| Taxes, remuneration and social security | 45 | €1,058,027 | €767,313 | -€290,714 | -27.5% |
| Taxes | 450/3 | €171,151 | €135,438 | -€35,713 | -20.9% |
| Remuneration and social security | 454/9 | €886,876 | €631,875 | -€255,001 | -28.8% |
| Other amounts payable | 47/48 | €4,732,904 | €4,480,349 | -€252,555 | -5.3% |
| Accrued charges and deferred income | 492/3 | €151,992 | €227,400 | +€75,408 | +49.6% |
| Operating income | 70/76A | €17,169,623 | €12,512,051 | -€4.7m | -27.1% |
| Turnover | 70 | €11,746,922 | €12,243,248 | +€496,326 | +4.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,500,168 | -€595,765 | -€5.1m | |
| Own construction capitalised | 72 | - | €16,033 | +€16,033 | |
| Other operating income | 74 | €787,009 | €605,284 | -€181,725 | -23.1% |
| Non-recurring operating income | 76A | €135,524 | €243,251 | +€107,727 | +79.5% |
| Operating charges | 60/66A | €19,289,894 | €14,702,651 | -€4.6m | -23.8% |
| Goods for resale, raw materials and consumables | 60 | €4,667,438 | €3,250,666 | -€1.4m | -30.4% |
| Purchases | 600/8 | €4,647,353 | €3,225,715 | -€1.4m | -30.6% |
| Change in stocks: decrease (increase) | 609 | €20,085 | €24,951 | +€4,866 | +24.2% |
| Services and other goods | 61 | €6,326,690 | €5,591,597 | -€735,093 | -11.6% |
| Remuneration, social security and pensions | 62 | €6,649,456 | €5,029,066 | -€1.6m | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446,108 | €1,302,551 | -€143,557 | -9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€430,882 | -€430,882 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,406 | -€72,953 | -€83,359 | |
| Other operating charges | 640/8 | €41,835 | €32,606 | -€9,229 | -22.1% |
| Non-recurring operating charges | 66A | €147,961 | - | -€147,961 | |
| Operating profit (loss) | 9901 | -€2,120,271 | -€2,190,600 | -€70,329 | -3.3% |
| Financial income | 75/76B | €698 | €4,835 | +€4,137 | +593% |
| Recurring financial income | 75 | €698 | €4,835 | +€4,137 | +593% |
| Income from financial fixed assets | 750 | €698 | €4,835 | +€4,137 | +593% |
| Financial charges | 65/66B | €1,931,820 | €1,754,055 | -€177,765 | -9.2% |
| Recurring financial charges | 65 | €1,931,820 | €1,754,055 | -€177,765 | -9.2% |
| Debt charges | 650 | €1,922,222 | €1,747,145 | -€175,077 | -9.1% |
| Other financial charges | 652/9 | €9,598 | €6,910 | -€2,688 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,051,393 | -€3,939,820 | +€111,573 | +2.8% |
| Income taxes | 67/77 | €3,243 | €11,191 | +€7,948 | +245% |
| Taxes | 670/3 | €3,243 | €11,191 | +€7,948 | +245% |
| Profit (loss) for the period | 9904 | -€4,054,636 | -€3,951,011 | +€103,625 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,054,636 | -€3,951,011 | +€103,625 | +2.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.