MINAS CONSTRUCT: 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.
MINAS CONSTRUCT
Largest movements
- Receivables within one year -€32,055
down €32,055 (-41.9%), from €76,581 to €44,526
of which Trade receivables: -€30,269
- Cash -€3,960
down €3,960 (-96.1%), from €4,122 to €162
mainly Trade debts (-€19,375) and Other debts (-€8,617)
- Tangible fixed assets -€862
down €862 (-58.2%), from €1,480 to €618
of which Furniture and vehicles: -€660
- Trade debts -€19,375
down €19,375 (-41.9%), from €46,277 to €26,902
- Other debts -€8,617
down €8,617 (-98.2%), from €8,771 to €154
- Profit (loss) carried forward -€7,414
down €7,414 (-47.3%), from €15,661 to €8,247
- Tax, wage and social debts -€2,205
down €2,205 (-21.0%), from €10,486 to €8,281
- Gross operating margin -€21,508
down €21,508, from €18,515 to -€2,993
- Taxes -€5,654
down €5,654 (-78.9%), from €7,163 to €1,509
- Other operating charges +€733
up €733 (+125%), from €588 to €1,321
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 | €82,453 | €45,576 | -€36,877 | -44.7% |
| Fixed assets | 21/28 | €1,750 | €888 | -€862 | -49.3% |
| Tangible fixed assets | 22/27 | €1,480 | €618 | -€862 | -58.2% |
| Plant, machinery and equipment | 23 | €298 | €96 | -€202 | -67.6% |
| Furniture and vehicles | 24 | €1,182 | €522 | -€660 | -55.9% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €80,703 | €44,688 | -€36,015 | -44.6% |
| Amounts receivable within one year | 40/41 | €76,581 | €44,526 | -€32,055 | -41.9% |
| Trade receivables | 40 | €74,089 | €43,820 | -€30,269 | -40.9% |
| Other amounts receivable | 41 | €2,492 | €706 | -€1,786 | -71.7% |
| Cash at bank and in hand | 54/58 | €4,122 | €162 | -€3,960 | -96.1% |
| Total equity and liabilities | 10/49 | €82,453 | €45,576 | -€36,877 | -44.7% |
| Equity | 10/15 | €16,919 | €9,505 | -€7,414 | -43.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €258 | €258 | +€0 | +0.1% |
| Distributable reserves | 133 | €258 | €258 | +€0 | +0.1% |
| Profit (loss) carried forward | 14 | €15,661 | €8,247 | -€7,414 | -47.3% |
| Amounts payable | 17/49 | €65,534 | €36,071 | -€29,463 | -45.0% |
| Amounts payable within one year | 42/48 | €65,534 | €36,071 | -€29,463 | -45.0% |
| Financial debts | 43 | - | €734 | +€734 | |
| Credit institutions | 430/8 | - | €734 | +€734 | |
| Trade debts | 44 | €46,277 | €26,902 | -€19,375 | -41.9% |
| Suppliers | 440/4 | €46,277 | €26,902 | -€19,375 | -41.9% |
| Taxes, remuneration and social security | 45 | €10,486 | €8,281 | -€2,205 | -21.0% |
| Taxes | 450/3 | €10,486 | €8,281 | -€2,205 | -21.0% |
| Other amounts payable | 47/48 | €8,771 | €154 | -€8,617 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €863 | +€91 | +11.7% |
| Other operating charges | 640/8 | €588 | €1,321 | +€733 | +125% |
| Gross operating margin | 9900 | €18,515 | -€2,993 | -€21,508 | |
| Operating profit (loss) | 9901 | €17,155 | -€5,176 | -€22,331 | |
| Financial charges | 65/66B | €619 | €729 | +€110 | +17.8% |
| Recurring financial charges | 65 | €619 | €729 | +€110 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €16,536 | -€5,906 | -€22,442 | |
| Income taxes | 67/77 | €7,163 | €1,509 | -€5,654 | -78.9% |
| Profit (loss) for the period | 9904 | €9,373 | -€7,414 | -€16,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,373 | -€7,414 | -€16,787 |
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 18 October 2026 via checked.be.