MINERALE: 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.
What changed
MINERALE
NACE 09.900, Mining support service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €3.1m-€1.1m
Equity
€7.5m
2024 · €7.4m+€53,042
Cash
€4,026
2024 · €2,641+€1,385
Balance sheet total
€11.4m
2024 · €10.4m+€1.0m
Largest movements
Assets
- Receivables within one year +€777,871
up €777,871 (+9.8%), from €8.0m to €8.8m
of which Other amounts receivable: +€589,319
- Tangible fixed assets +€168,008
up €168,008 (+15.3%), from €1.1m to €1.3m
of which Plant, machinery and equipment: +€155,148
Equity and liabilities
- Trade debts +€901,947
up €901,947 (+39.1%), from €2.3m to €3.2m
Income statement
- Goods and materials +€1.1m
up €1.1m (+15.1%), from €7.5m to €8.6m
of which Purchases: +€731,387
- Taxes -€349,200
down €349,200 (-33.0%), from €1.1m to €707,917
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.
Result 2024
€3.1m
Turnover
-€103,274
Other operating income
+€86,565
Goods and materials
-€1.1m
Services and other goods
+€90,989
Staff costs
-€46,145
Depreciation
+€81,582
Other operating charges
-€33,414
Other operating items
-€287,764
Financial income
-€56,233
Financial charges
-€1,100
Taxes
+€349,200
Result 2025
€2.1m
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.
From operations
+€2.6m
Investment
-€562,656
Financing
-€2.0m
Cash 2024
€2,641
From operations (derived)
+€2.6m
Net result for the year
+€2.1m
Depreciation
+€407,007
Stocks and contracts
-€110,373
Receivables within one year
-€777,871
Deferred charges and accrued income
+€29,333
Trade debts
+€901,947
Tax, wage and social debts
+€60,956
Investment (derived)
-€562,656
Investment in fixed assets (net)
-€562,656
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€4,026
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,387,285 | €11,403,230 | +€1.0m | +9.8% |
| Formation expenses | 20 | €19,844 | €13,600 | -€6,244 | -31.5% |
| Fixed assets | 21/28 | €1,109,887 | €1,271,780 | +€161,893 | +14.6% |
| Tangible fixed assets | 22/27 | €1,098,377 | €1,266,385 | +€168,008 | +15.3% |
| Land and buildings | 22 | €590,188 | €564,140 | -€26,048 | -4.4% |
| Plant, machinery and equipment | 23 | €413,311 | €568,459 | +€155,148 | +37.5% |
| Furniture and vehicles | 24 | €94,878 | €105,702 | +€10,824 | +11.4% |
| Assets under construction and advance payments | 27 | €0 | €28,084 | +€28,084 | |
| Financial fixed assets | 28 | €11,510 | €5,395 | -€6,115 | -53.1% |
| Other financial fixed assets | 284/8 | €11,510 | €5,395 | -€6,115 | -53.1% |
| Amounts receivable and cash guarantees | 285/8 | €11,510 | €5,395 | -€6,115 | -53.1% |
| Current assets | 29/58 | €9,257,554 | €10,117,850 | +€860,296 | +9.3% |
| Stocks and contracts in progress | 3 | €1,214,515 | €1,324,888 | +€110,373 | +9.1% |
| Stocks | 30/36 | €1,214,515 | €1,324,888 | +€110,373 | +9.1% |
| Raw materials and consumables | 30/31 | €733,659 | €856,200 | +€122,541 | +16.7% |
| Finished goods | 33 | €480,856 | €468,688 | -€12,168 | -2.5% |
| Amounts receivable within one year | 40/41 | €7,972,996 | €8,750,867 | +€777,871 | +9.8% |
| Trade receivables | 40 | €3,161,896 | €3,350,448 | +€188,552 | +6.0% |
| Other amounts receivable | 41 | €4,811,100 | €5,400,419 | +€589,319 | +12.2% |
| Cash at bank and in hand | 54/58 | €2,641 | €4,026 | +€1,385 | +52.4% |
| Deferred charges and accrued income | 490/1 | €67,402 | €38,069 | -€29,333 | -43.5% |
| Total equity and liabilities | 10/49 | €10,387,285 | €11,403,230 | +€1.0m | +9.8% |
| Equity | 10/15 | €7,397,846 | €7,450,888 | +€53,042 | +0.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €555,065 | €555,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €375,000 | €375,000 | = | 0.0% |
| Legal reserve | 130 | €375,000 | €375,000 | = | 0.0% |
| Distributable reserves | 133 | €180,065 | €180,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,842,781 | €5,895,823 | +€53,042 | +0.9% |
| Provisions and deferred taxes | 16 | €314,923 | €314,923 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €314,923 | €314,923 | = | 0.0% |
| Major repairs and maintenance | 162 | €14,923 | €14,923 | = | 0.0% |
| Other liabilities and charges | 164/5 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,674,516 | €3,637,419 | +€962,903 | +36.0% |
| Amounts payable within one year | 42/48 | €2,674,516 | €3,637,419 | +€962,903 | +36.0% |
| Trade debts | 44 | €2,306,384 | €3,208,331 | +€901,947 | +39.1% |
| Suppliers | 440/4 | €2,306,384 | €3,208,331 | +€901,947 | +39.1% |
| Taxes, remuneration and social security | 45 | €368,132 | €429,088 | +€60,956 | +16.6% |
| Taxes | 450/3 | €29,170 | €49,748 | +€20,578 | +70.5% |
| Remuneration and social security | 454/9 | €338,962 | €379,340 | +€40,378 | +11.9% |
| Operating income | 70/76A | €16,105,909 | €15,802,962 | -€302,947 | -1.9% |
| Turnover | 70 | €15,653,526 | €15,550,252 | -€103,274 | -0.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €288,569 | -€12,169 | -€300,738 | |
| Other operating income | 74 | €163,814 | €250,379 | +€86,565 | +52.8% |
| Non-recurring operating income | 76A | - | €14,500 | +€14,500 | |
| Operating charges | 60/66A | €12,161,061 | €13,200,762 | +€1.0m | +8.5% |
| Goods for resale, raw materials and consumables | 60 | €7,501,854 | €8,633,041 | +€1.1m | +15.1% |
| Purchases | 600/8 | €8,024,195 | €8,755,582 | +€731,387 | +9.1% |
| Change in stocks: decrease (increase) | 609 | -€522,341 | -€122,541 | +€399,800 | +76.5% |
| Services and other goods | 61 | €2,254,400 | €2,163,411 | -€90,989 | -4.0% |
| Remuneration, social security and pensions | 62 | €1,833,318 | €1,879,463 | +€46,145 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488,589 | €407,007 | -€81,582 | -16.7% |
| Other operating charges | 640/8 | €82,774 | €116,188 | +€33,414 | +40.4% |
| Non-recurring operating charges | 66A | €126 | €1,652 | +€1,526 | +1211.1% |
| Operating profit (loss) | 9901 | €3,944,848 | €2,602,200 | -€1.3m | -34.0% |
| Financial income | 75/76B | €222,634 | €166,401 | -€56,233 | -25.3% |
| Recurring financial income | 75 | €222,634 | €166,401 | -€56,233 | -25.3% |
| Income from financial fixed assets | 750 | €222,634 | €166,400 | -€56,234 | -25.3% |
| Other financial income | 752/9 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €6,542 | €7,642 | +€1,100 | +16.8% |
| Recurring financial charges | 65 | €6,542 | €7,642 | +€1,100 | +16.8% |
| Other financial charges | 652/9 | €6,542 | €7,642 | +€1,100 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €4,160,940 | €2,760,959 | -€1.4m | -33.6% |
| Income taxes | 67/77 | €1,057,117 | €707,917 | -€349,200 | -33.0% |
| Taxes | 670/3 | €1,057,117 | €707,917 | -€349,200 | -33.0% |
| Profit (loss) for the period | 9904 | €3,103,823 | €2,053,042 | -€1.1m | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,103,823 | €2,053,042 | -€1.1m | -33.9% |
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 10 October 2026 via checked.be.