MINCO: what changed
Two fiscal 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.
MINCO
Largest movements
- Cash +€7,327
up €7,327 (+34.3%), from €21,352 to €28,679
mainly Net result for the year (+€7,935) and Depreciation (+€1,654)
- Profit (loss) carried forward +€7,935
up €7,935 (+6.1%), from -€131,113 to -€123,178
- Gross operating margin -€19,972
down €19,972 (-58.6%), from €34,098 to €14,126
- Depreciation -€355
down €355 (-17.7%), from €2,009 to €1,654
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.
Cash bridge derived
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 | €141,919 | €149,536 | +€7,617 | +5.4% |
| Fixed assets | 21/28 | €118,273 | €119,550 | +€1,277 | +1.1% |
| Tangible fixed assets | 22/27 | €118,273 | €119,550 | +€1,277 | +1.1% |
| Land and buildings | 22 | €118,100 | €118,333 | +€233 | +0.2% |
| Plant, machinery and equipment | 23 | €173 | €1,217 | +€1,044 | +603.5% |
| Current assets | 29/58 | €23,646 | €29,986 | +€6,340 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,294 | €1,307 | -€987 | -43.0% |
| Trade receivables | 40 | €147 | - | -€147 | |
| Other amounts receivable | 41 | €2,147 | €1,307 | -€840 | -39.1% |
| Cash at bank and in hand | 54/58 | €21,352 | €28,679 | +€7,327 | +34.3% |
| Total equity and liabilities | 10/49 | €141,919 | €149,536 | +€7,617 | +5.4% |
| Equity | 10/15 | €1,983 | €9,918 | +€7,935 | +400.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €71,096 | €71,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,113 | -€123,178 | +€7,935 | +6.1% |
| Amounts payable | 17/49 | €139,936 | €139,618 | -€318 | -0.2% |
| Amounts payable within one year | 42/48 | €139,936 | €139,618 | -€318 | -0.2% |
| Other amounts payable | 47/48 | €139,936 | €139,618 | -€318 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,009 | €1,654 | -€355 | -17.7% |
| Other operating charges | 640/8 | €4,538 | €4,465 | -€73 | -1.6% |
| Gross operating margin | 9900 | €34,098 | €14,126 | -€19,972 | -58.6% |
| Operating profit (loss) | 9901 | €27,551 | €8,007 | -€19,544 | -70.9% |
| Financial charges | 65/66B | €72 | €72 | = | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,479 | €7,935 | -€19,544 | -71.1% |
| Profit (loss) for the period | 9904 | €27,479 | €7,935 | -€19,544 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,479 | €7,935 | -€19,544 | -71.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.