MINÉRAL: 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.
MINÉRAL
Largest movements
- Receivables within one year -€417,000
down €417,000 (-99.3%), from €420,105 to €3,105
- Cash +€9,936
up €9,936 (+192%), from €5,165 to €15,101
mainly Receivables within one year (+€417,000) and Net result for the year (+€30,675)
- Short-term financial debts -€321,000
no longer reported in 2025 (was €321,000)
- Debts after one year -€102,139
down €102,139 (-22.6%), from €451,958 to €349,819
of which Financial debts: -€122,639
- Reserves +€30,675
up €30,675 (+270%), from €11,349 to €42,024
of which Distributable reserves: +€30,675
- Current portion of long-term debt -€16,578
down €16,578 (-34.8%), from €47,677 to €31,099
- Financial income +€16,954
up €16,954 (+57.3%), from €29,579 to €46,533
- Gross operating margin -€5,791
down €5,791 (-32.5%), from €17,825 to €12,034
- Financial charges -€3,686
down €3,686 (-13.3%), from €27,635 to €23,949
- Taxes +€2,945
new in 2025: €2,945
- Other operating charges +€226
up €226 (+29.3%), from €772 to €998
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 | €878,270 | €471,207 | -€407,063 | -46.3% |
| Fixed assets | 21/28 | €453,000 | €453,000 | = | 0.0% |
| Financial fixed assets | 28 | €453,000 | €453,000 | = | 0.0% |
| Current assets | 29/58 | €425,270 | €18,207 | -€407,063 | -95.7% |
| Amounts receivable within one year | 40/41 | €420,105 | €3,105 | -€417,000 | -99.3% |
| Other amounts receivable | 41 | €420,105 | €3,105 | -€417,000 | -99.3% |
| Cash at bank and in hand | 54/58 | €5,165 | €15,101 | +€9,936 | +192% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €878,270 | €471,207 | -€407,063 | -46.3% |
| Equity | 10/15 | €49,284 | €79,959 | +€30,675 | +62.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €11,349 | €42,024 | +€30,675 | +270% |
| Non-distributable reserves | 130/1 | €299 | €299 | = | 0.0% |
| Reserves not available under the articles | 1311 | €299 | €299 | = | 0.0% |
| Distributable reserves | 133 | €11,050 | €41,725 | +€30,675 | +278% |
| Profit (loss) carried forward | 14 | €22,935 | €22,935 | = | 0.0% |
| Amounts payable | 17/49 | €828,986 | €391,248 | -€437,738 | -52.8% |
| Amounts payable after more than one year | 17 | €451,958 | €349,819 | -€102,139 | -22.6% |
| Financial debts | 170/4 | €251,958 | €129,319 | -€122,639 | -48.7% |
| Other amounts payable | 178/9 | €200,000 | €220,500 | +€20,500 | +10.3% |
| Amounts payable within one year | 42/48 | €377,028 | €41,429 | -€335,599 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €47,677 | €31,099 | -€16,578 | -34.8% |
| Financial debts | 43 | €321,000 | - | -€321,000 | |
| Credit institutions | 430/8 | €321,000 | - | -€321,000 | |
| Trade debts | 44 | €3,910 | - | -€3,910 | |
| Suppliers | 440/4 | €3,910 | - | -€3,910 | |
| Taxes, remuneration and social security | 45 | €4,441 | €4,280 | -€161 | -3.6% |
| Taxes | 450/3 | €4,441 | €4,280 | -€161 | -3.6% |
| Other amounts payable | 47/48 | - | €6,050 | +€6,050 | |
| Other operating charges | 640/8 | €772 | €998 | +€226 | +29.3% |
| Gross operating margin | 9900 | €17,825 | €12,034 | -€5,791 | -32.5% |
| Operating profit (loss) | 9901 | €17,053 | €11,036 | -€6,017 | -35.3% |
| Financial income | 75/76B | €29,579 | €46,533 | +€16,954 | +57.3% |
| Recurring financial income | 75 | €29,579 | €46,533 | +€16,954 | +57.3% |
| Financial charges | 65/66B | €27,635 | €23,949 | -€3,686 | -13.3% |
| Recurring financial charges | 65 | €27,635 | €23,949 | -€3,686 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €18,997 | €33,620 | +€14,623 | +77.0% |
| Income taxes | 67/77 | - | €2,945 | +€2,945 | |
| Profit (loss) for the period | 9904 | €18,997 | €30,675 | +€11,678 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,997 | €30,675 | +€11,678 | +61.5% |
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.