MINE Finance: what changed
What changed
MINE Finance
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€80,006
2024 · €91,490-€11,484
Equity
€103,979
2024 · €23,973+€80,006
Cash
€58,344
2024 · €42,262+€16,082
Balance sheet total
€775,367
2024 · €671,087+€104,280
Largest movements
Assets
- Financial fixed assets -€450,000
down €450,000 (-100%), from €450,000 to €0
- Intangible fixed assets +€409,543
up €409,543 (+351%), from €116,766 to €526,308
- Receivables within one year +€58,890
up €58,890 (+112%), from €52,577 to €111,467
of which Trade receivables: +€50,847
- Formation expenses +€52,440
new in 2025: €52,440
- Tangible fixed assets +€23,407
up €23,407 (+2,172%), from €1,078 to €24,484
of which Other tangible fixed assets: +€20,426
Equity and liabilities
- Debts after one year -€121,037
down €121,037 (-27.5%), from €439,855 to €318,817
of which Financial debts: -€83,537
- Reserves +€80,006
up €80,006 (+356%), from €22,473 to €102,479
- Tax, wage and social debts +€77,184
up €77,184 (+241%), from €32,049 to €109,233
of which Taxes: +€51,141
- Current portion of long-term debt +€47,064
up €47,064 (+48.8%), from €96,350 to €143,413
- Trade debts +€41,403
up €41,403 (+104%), from €39,883 to €81,286
Income statement
- Gross operating margin +€220,839
up €220,839 (+164%), from €134,332 to €355,171
- Staff costs +€125,721
up €125,721 (+273%), from €46,013 to €171,734
- Financial income -€74,763
down €74,763 (-99.7%), from €74,996 to €233
- Depreciation +€21,403
up €21,403 (+71.1%), from €30,086 to €51,489
- Taxes +€15,520
up €15,520 (+162%), from €9,596 to €25,116
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
€91,490
Gross operating margin
+€220,839
Staff costs
-€125,721
Depreciation
-€21,403
Write-downs
-€3,454
Other operating charges
+€3,407
Other operating items
+€2,563
Financial income
-€74,763
Financial charges
+€2,568
Taxes
-€15,520
Result 2025
€80,006
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
+€176,934
Investment
-€86,878
Financing
-€73,974
Cash 2024
€42,262
From operations (derived)
+€176,934
Net result for the year
+€80,006
Depreciation
+€51,489
Receivables within one year
-€58,890
Deferred charges and accrued income
+€6,081
Trade debts
+€41,403
Tax, wage and social debts
+€77,184
Other debts
-€21,826
Accrued charges and deferred income
+€1,487
Investment (derived)
-€86,878
Investment in fixed assets (net)
-€86,878
Financing
-€73,974
Debts after one year
-€121,037
Current portion of long-term debt
+€47,064
Cash 2025
€58,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,087 | €775,367 | +€104,280 | +15.5% |
| Formation expenses | 20 | - | €52,440 | +€52,440 | |
| Fixed assets | 21/28 | €567,843 | €550,793 | -€17,051 | -3.0% |
| Intangible fixed assets | 21 | €116,766 | €526,308 | +€409,543 | +351% |
| Tangible fixed assets | 22/27 | €1,078 | €24,484 | +€23,407 | +2,172% |
| Furniture and vehicles | 24 | €1,078 | €4,059 | +€2,981 | +277% |
| Other tangible fixed assets | 26 | - | €20,426 | +€20,426 | |
| Financial fixed assets | 28 | €450,000 | €0 | -€450,000 | -100% |
| Current assets | 29/58 | €103,244 | €172,134 | +€68,891 | +66.7% |
| Amounts receivable within one year | 40/41 | €52,577 | €111,467 | +€58,890 | +112% |
| Trade receivables | 40 | €47,053 | €97,900 | +€50,847 | +108% |
| Other amounts receivable | 41 | €5,524 | €13,567 | +€8,043 | +146% |
| Cash at bank and in hand | 54/58 | €42,262 | €58,344 | +€16,082 | +38.1% |
| Deferred charges and accrued income | 490/1 | €8,404 | €2,324 | -€6,081 | -72.4% |
| Total equity and liabilities | 10/49 | €671,087 | €775,367 | +€104,280 | +15.5% |
| Equity | 10/15 | €23,973 | €103,979 | +€80,006 | +334% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €22,473 | €102,479 | +€80,006 | +356% |
| Distributable reserves | 133 | €22,473 | €102,479 | +€80,006 | +356% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €647,114 | €671,388 | +€24,274 | +3.8% |
| Amounts payable after more than one year | 17 | €439,855 | €318,817 | -€121,037 | -27.5% |
| Financial debts | 170/4 | €402,355 | €318,817 | -€83,537 | -20.8% |
| Other amounts payable | 178/9 | €37,500 | €0 | -€37,500 | -100% |
| Amounts payable within one year | 42/48 | €190,111 | €333,935 | +€143,824 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €96,350 | €143,413 | +€47,064 | +48.8% |
| Trade debts | 44 | €39,883 | €81,286 | +€41,403 | +104% |
| Suppliers | 440/4 | €39,883 | €81,286 | +€41,403 | +104% |
| Taxes, remuneration and social security | 45 | €32,049 | €109,233 | +€77,184 | +241% |
| Taxes | 450/3 | €24,465 | €75,606 | +€51,141 | +209% |
| Remuneration and social security | 454/9 | €7,585 | €33,627 | +€26,043 | +343% |
| Other amounts payable | 47/48 | €21,828 | €2 | -€21,826 | -100.0% |
| Accrued charges and deferred income | 492/3 | €17,149 | €18,636 | +€1,487 | +8.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,013 | €171,734 | +€125,721 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,086 | €51,489 | +€21,403 | +71.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,253 | -€2,799 | +€3,454 | +55.2% |
| Other operating charges | 640/8 | €8,211 | €4,804 | -€3,407 | -41.5% |
| Non-recurring operating charges | 66A | €7,583 | €5,020 | -€2,563 | -33.8% |
| Gross operating margin | 9900 | €134,332 | €355,171 | +€220,839 | +164% |
| Operating profit (loss) | 9901 | €48,692 | €124,923 | +€76,231 | +157% |
| Financial income | 75/76B | €74,996 | €233 | -€74,763 | -99.7% |
| Recurring financial income | 75 | €74,996 | €233 | -€74,763 | -99.7% |
| Financial charges | 65/66B | €22,602 | €20,034 | -€2,568 | -11.4% |
| Recurring financial charges | 65 | €22,602 | €20,034 | -€2,568 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €101,086 | €105,122 | +€4,036 | +4.0% |
| Income taxes | 67/77 | €9,596 | €25,116 | +€15,520 | +162% |
| Profit (loss) for the period | 9904 | €91,490 | €80,006 | -€11,484 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,490 | €80,006 | -€11,484 | -12.6% |
Next steps
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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 5 November 2026 via checked.be.