MINE & CO: 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.
MINE & CO
Largest movements
- Stocks and contracts -€305,329
down €305,329 (-17.3%), from €1.8m to €1.5m
- Receivables within one year +€130,788
up €130,788 (+42.5%), from €307,681 to €438,469
- Cash -€114,405
down €114,405 (-66.7%), from €171,546 to €57,141
mainly Trade debts (-€222,134) and Receivables within one year (-€130,788)
- Tangible fixed assets -€27,832
down €27,832 (-28.4%), from €98,089 to €70,257
of which Land and buildings: -€14,762
- Trade debts -€222,134
down €222,134 (-45.5%), from €487,692 to €265,558
- Short-term financial debts -€110,000
down €110,000 (-13.8%), from €800,000 to €690,000
- Advances received +€52,612
new in 2025: €52,612
- Tax, wage and social debts -€36,952
down €36,952 (-34.6%), from €106,944 to €69,992
of which Taxes: -€41,127
- Financial charges -€37,410
down €37,410 (-42.4%), from €88,294 to €50,884
- Gross operating margin -€20,464
down €20,464 (-6.9%), from €295,881 to €275,417
- Taxes +€3,456
up €3,456 (+28.2%), from €12,275 to €15,731
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 | €2,345,583 | €2,028,805 | -€316,778 | -13.5% |
| Fixed assets | 21/28 | €98,344 | €70,512 | -€27,832 | -28.3% |
| Tangible fixed assets | 22/27 | €98,089 | €70,257 | -€27,832 | -28.4% |
| Land and buildings | 22 | €76,035 | €61,273 | -€14,762 | -19.4% |
| Plant, machinery and equipment | 23 | €9,266 | €4,484 | -€4,782 | -51.6% |
| Furniture and vehicles | 24 | €12,788 | €4,500 | -€8,288 | -64.8% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €2,247,239 | €1,958,293 | -€288,946 | -12.9% |
| Stocks and contracts in progress | 3 | €1,768,012 | €1,462,683 | -€305,329 | -17.3% |
| Stocks | 30/36 | €1,768,012 | €1,462,683 | -€305,329 | -17.3% |
| Amounts receivable within one year | 40/41 | €307,681 | €438,469 | +€130,788 | +42.5% |
| Trade receivables | 40 | €307,681 | €438,469 | +€130,788 | +42.5% |
| Cash at bank and in hand | 54/58 | €171,546 | €57,141 | -€114,405 | -66.7% |
| Total equity and liabilities | 10/49 | €2,345,583 | €2,028,805 | -€316,778 | -13.5% |
| Equity | 10/15 | €902,823 | €923,448 | +€20,625 | +2.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €831,323 | €851,948 | +€20,625 | +2.5% |
| Amounts payable | 17/49 | €1,442,760 | €1,105,357 | -€337,403 | -23.4% |
| Amounts payable within one year | 42/48 | €1,442,760 | €1,105,357 | -€337,403 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €2,036 | - | -€2,036 | |
| Financial debts | 43 | €800,000 | €690,000 | -€110,000 | -13.8% |
| Credit institutions | 430/8 | €800,000 | €690,000 | -€110,000 | -13.8% |
| Trade debts | 44 | €487,692 | €265,558 | -€222,134 | -45.5% |
| Suppliers | 440/4 | €487,692 | €265,558 | -€222,134 | -45.5% |
| Advances received on contracts in progress | 46 | - | €52,612 | +€52,612 | |
| Taxes, remuneration and social security | 45 | €106,944 | €69,992 | -€36,952 | -34.6% |
| Taxes | 450/3 | €93,689 | €52,562 | -€41,127 | -43.9% |
| Remuneration and social security | 454/9 | €13,255 | €17,430 | +€4,175 | +31.5% |
| Other amounts payable | 47/48 | €46,088 | €27,195 | -€18,893 | -41.0% |
| Remuneration, social security and pensions | 62 | €131,897 | €132,360 | +€463 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,167 | €27,832 | -€1,335 | -4.6% |
| Other operating charges | 640/8 | €8,572 | €8,003 | -€569 | -6.6% |
| Gross operating margin | 9900 | €295,881 | €275,417 | -€20,464 | -6.9% |
| Operating profit (loss) | 9901 | €126,245 | €107,222 | -€19,023 | -15.1% |
| Financial income | 75/76B | €637 | €18 | -€619 | -97.2% |
| Recurring financial income | 75 | €637 | €18 | -€619 | -97.2% |
| Financial charges | 65/66B | €88,294 | €50,884 | -€37,410 | -42.4% |
| Recurring financial charges | 65 | €88,294 | €50,884 | -€37,410 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €38,588 | €56,356 | +€17,768 | +46.0% |
| Income taxes | 67/77 | €12,275 | €15,731 | +€3,456 | +28.2% |
| Profit (loss) for the period | 9904 | €26,313 | €40,625 | +€14,312 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,313 | €40,625 | +€14,312 | +54.4% |
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 21 October 2026 via checked.be.