MinersAI: 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.
MinersAI
Largest movements
- Intangible fixed assets +€201,902
up €201,902 (+77.9%), from €259,109 to €461,010
- Cash -€19,525
down €19,525 (-96.4%), from €20,255 to €729
mainly Net result for the year (-€386,266) and Investment in fixed assets (net) (-€282,272)
- Receivables within one year +€8,713
up €8,713 (+43.1%), from €20,215 to €28,928
of which Other amounts receivable: +€10,026
- Other debts +€523,012
up €523,012 (+133%), from €394,561 to €917,573
- Profit (loss) carried forward -€386,266
down €386,266 (-336%), from -€114,933 to -€501,199
- Trade debts +€53,466
up €53,466 (+388%), from €13,768 to €67,234
- Gross operating margin -€190,937
down €190,937 (-509%), from -€37,543 to -€228,480
- Depreciation +€62,296
up €62,296 (+345%), from €18,075 to €80,370
- Staff costs +€18,083
up €18,083 (+30.8%), from €58,783 to €76,866
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 | €299,579 | €492,568 | +€192,989 | +64.4% |
| Fixed assets | 21/28 | €259,109 | €461,010 | +€201,902 | +77.9% |
| Intangible fixed assets | 21 | €259,109 | €461,010 | +€201,902 | +77.9% |
| Current assets | 29/58 | €40,470 | €31,557 | -€8,913 | -22.0% |
| Amounts receivable within one year | 40/41 | €20,215 | €28,928 | +€8,713 | +43.1% |
| Trade receivables | 40 | €1,313 | - | -€1,313 | |
| Other amounts receivable | 41 | €18,902 | €28,928 | +€10,026 | +53.0% |
| Cash at bank and in hand | 54/58 | €20,255 | €729 | -€19,525 | -96.4% |
| Deferred charges and accrued income | 490/1 | - | €1,900 | +€1,900 | |
| Total equity and liabilities | 10/49 | €299,579 | €492,568 | +€192,989 | +64.4% |
| Equity | 10/15 | -€112,933 | -€499,199 | -€386,266 | -342% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,933 | -€501,199 | -€386,266 | -336% |
| Amounts payable | 17/49 | €412,511 | €991,767 | +€579,255 | +140% |
| Amounts payable within one year | 42/48 | €412,511 | €991,767 | +€579,255 | +140% |
| Trade debts | 44 | €13,768 | €67,234 | +€53,466 | +388% |
| Suppliers | 440/4 | €13,768 | €67,234 | +€53,466 | +388% |
| Taxes, remuneration and social security | 45 | €4,183 | €6,960 | +€2,778 | +66.4% |
| Taxes | 450/3 | - | €226 | +€226 | |
| Remuneration and social security | 454/9 | €4,183 | €6,735 | +€2,552 | +61.0% |
| Other amounts payable | 47/48 | €394,561 | €917,573 | +€523,012 | +133% |
| Remuneration, social security and pensions | 62 | €58,783 | €76,866 | +€18,083 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,075 | €80,370 | +€62,296 | +345% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€37,543 | -€228,480 | -€190,937 | -509% |
| Operating profit (loss) | 9901 | -€114,788 | -€386,116 | -€271,329 | -236% |
| Financial charges | 65/66B | €145 | €150 | +€5 | +3.4% |
| Recurring financial charges | 65 | €145 | €150 | +€5 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€114,933 | -€386,266 | -€271,334 | -236% |
| Profit (loss) for the period | 9904 | -€114,933 | -€386,266 | -€271,334 | -236% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,933 | -€386,266 | -€271,334 | -236% |
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 24 October 2026 via checked.be.