MINERALI: 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.
MINERALI
Largest movements
- Tangible fixed assets +€17,906
up €17,906 (+16.8%), from €106,796 to €124,702
of which Leasing and similar rights: +€22,726
- Stocks and contracts +€13,033
up €13,033 (+248%), from €5,264 to €18,297
- Receivables within one year -€11,951
down €11,951 (-99.5%), from €12,007 to €56
of which Trade receivables: -€6,510
- Cash +€2,180
up €2,180 (+23.6%), from €9,222 to €11,401
mainly Receivables within one year (+€11,951) and Depreciation (+€10,835)
- Profit (loss) carried forward +€9,861
up €9,861 (+17.2%), from €57,246 to €67,107
- Debts after one year +€4,616
up €4,616 (+22.8%), from €20,245 to €24,860
- Other debts +€3,923
new in 2025: €3,923
- Current portion of long-term debt +€3,513
up €3,513 (+25.8%), from €13,603 to €17,116
- Tax, wage and social debts -€1,807
down €1,807 (-21.8%), from €8,291 to €6,484
- Depreciation +€2,782
up €2,782 (+34.6%), from €8,053 to €10,835
- Gross operating margin -€1,185
down €1,185 (-3.3%), from €35,664 to €34,479
- Taxes -€954
down €954 (-15.3%), from €6,233 to €5,279
- Financial charges -€803
down €803 (-20.8%), from €3,868 to €3,064
- Other operating charges +€607
up €607 (+12.5%), from €4,853 to €5,460
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 | €135,137 | €155,261 | +€20,124 | +14.9% |
| Fixed assets | 21/28 | €106,886 | €124,792 | +€17,906 | +16.8% |
| Tangible fixed assets | 22/27 | €106,796 | €124,702 | +€17,906 | +16.8% |
| Land and buildings | 22 | €102,470 | €98,990 | -€3,480 | -3.4% |
| Furniture and vehicles | 24 | €4,326 | €1,737 | -€2,590 | -59.9% |
| Leasing and similar rights | 25 | - | €22,726 | +€22,726 | |
| Other tangible fixed assets | 26 | - | €1,250 | +€1,250 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €28,251 | €30,469 | +€2,218 | +7.9% |
| Stocks and contracts in progress | 3 | €5,264 | €18,297 | +€13,033 | +248% |
| Stocks | 30/36 | €5,264 | €18,297 | +€13,033 | +248% |
| Amounts receivable within one year | 40/41 | €12,007 | €56 | -€11,951 | -99.5% |
| Trade receivables | 40 | €6,566 | €56 | -€6,510 | -99.1% |
| Other amounts receivable | 41 | €5,441 | - | -€5,441 | |
| Cash at bank and in hand | 54/58 | €9,222 | €11,401 | +€2,180 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,758 | €714 | -€1,044 | -59.4% |
| Total equity and liabilities | 10/49 | €135,137 | €155,261 | +€20,124 | +14.9% |
| Equity | 10/15 | €91,332 | €101,192 | +€9,861 | +10.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,246 | €67,107 | +€9,861 | +17.2% |
| Amounts payable | 17/49 | €43,805 | €54,069 | +€10,263 | +23.4% |
| Amounts payable after more than one year | 17 | €20,245 | €24,860 | +€4,616 | +22.8% |
| Financial debts | 170/4 | €20,245 | €24,860 | +€4,616 | +22.8% |
| Amounts payable within one year | 42/48 | €23,561 | €29,209 | +€5,648 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €13,603 | €17,116 | +€3,513 | +25.8% |
| Trade debts | 44 | €1,667 | €1,686 | +€19 | +1.1% |
| Suppliers | 440/4 | €1,667 | €1,686 | +€19 | +1.1% |
| Taxes, remuneration and social security | 45 | €8,291 | €6,484 | -€1,807 | -21.8% |
| Taxes | 450/3 | €8,291 | €6,484 | -€1,807 | -21.8% |
| Other amounts payable | 47/48 | - | €3,923 | +€3,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €10,835 | +€2,782 | +34.6% |
| Other operating charges | 640/8 | €4,853 | €5,460 | +€607 | +12.5% |
| Gross operating margin | 9900 | €35,664 | €34,479 | -€1,185 | -3.3% |
| Operating profit (loss) | 9901 | €22,759 | €18,184 | -€4,575 | -20.1% |
| Financial income | 75/76B | €110 | €20 | -€90 | -82.0% |
| Recurring financial income | 75 | €110 | €20 | -€90 | -82.0% |
| Financial charges | 65/66B | €3,868 | €3,064 | -€803 | -20.8% |
| Recurring financial charges | 65 | €3,868 | €3,064 | -€803 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €19,001 | €15,139 | -€3,861 | -20.3% |
| Income taxes | 67/77 | €6,233 | €5,279 | -€954 | -15.3% |
| Profit (loss) for the period | 9904 | €12,768 | €9,861 | -€2,907 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,768 | €9,861 | -€2,907 | -22.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.