MINETECH: 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.
MINETECH
Largest movements
- Cash +€143,558
up €143,558 (+89.6%), from €160,262 to €303,820
mainly Net result for the year (+€171,141) and Depreciation (+€35,435)
- Receivables within one year +€65,276
up €65,276 (+52.4%), from €124,554 to €189,830
of which Trade receivables: +€62,024
- Tangible fixed assets -€30,937
down €30,937 (-9.7%), from €320,114 to €289,177
of which Land and buildings: -€27,731
- Reserves +€170,000
up €170,000 (+35.5%), from €478,860 to €648,860
of which Distributable reserves: +€170,000
- Trade debts +€25,382
up €25,382 (+383%), from €6,624 to €32,006
- Debts after one year -€14,983
down €14,983 (-40.8%), from €36,727 to €21,744
- Gross operating margin +€27,668
up €27,668 (+11.1%), from €248,676 to €276,344
- Taxes +€4,730
up €4,730 (+8.1%), from €58,220 to €62,950
- Depreciation -€4,528
down €4,528 (-11.3%), from €39,963 to €35,435
- Write-downs -€3,481
no longer reported in 2025 (was €3,481)
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 | €607,205 | €785,749 | +€178,544 | +29.4% |
| Fixed assets | 21/28 | €320,114 | €289,177 | -€30,937 | -9.7% |
| Tangible fixed assets | 22/27 | €320,114 | €289,177 | -€30,937 | -9.7% |
| Land and buildings | 22 | €310,608 | €282,877 | -€27,731 | -8.9% |
| Plant, machinery and equipment | 23 | €5,882 | €6,300 | +€418 | +7.1% |
| Furniture and vehicles | 24 | €3,624 | - | -€3,624 | |
| Current assets | 29/58 | €287,091 | €496,572 | +€209,481 | +73.0% |
| Amounts receivable within one year | 40/41 | €124,554 | €189,830 | +€65,276 | +52.4% |
| Trade receivables | 40 | €27,554 | €89,578 | +€62,024 | +225% |
| Other amounts receivable | 41 | €97,000 | €100,252 | +€3,252 | +3.4% |
| Cash at bank and in hand | 54/58 | €160,262 | €303,820 | +€143,558 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,922 | +€647 | +28.4% |
| Total equity and liabilities | 10/49 | €607,205 | €785,749 | +€178,544 | +29.4% |
| Equity | 10/15 | €529,005 | €700,146 | +€171,141 | +32.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €478,860 | €648,860 | +€170,000 | +35.5% |
| Non-distributable reserves | 130/1 | €103,860 | €103,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €103,860 | €103,860 | = | 0.0% |
| Distributable reserves | 133 | €375,000 | €545,000 | +€170,000 | +45.3% |
| Profit (loss) carried forward | 14 | €11,856 | €12,997 | +€1,141 | +9.6% |
| Investment grants | 15 | €28,289 | €28,289 | = | 0.0% |
| Amounts payable | 17/49 | €78,200 | €85,603 | +€7,403 | +9.5% |
| Amounts payable after more than one year | 17 | €36,727 | €21,744 | -€14,983 | -40.8% |
| Financial debts | 170/4 | €36,727 | €21,744 | -€14,983 | -40.8% |
| Amounts payable within one year | 42/48 | €41,473 | €63,726 | +€22,253 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €14,720 | €14,720 | = | 0.0% |
| Trade debts | 44 | €6,624 | €32,006 | +€25,382 | +383% |
| Suppliers | 440/4 | €6,624 | €32,006 | +€25,382 | +383% |
| Taxes, remuneration and social security | 45 | €20,129 | €17,000 | -€3,129 | -15.5% |
| Taxes | 450/3 | €20,129 | €17,000 | -€3,129 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €133 | +€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,963 | €35,435 | -€4,528 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,481 | - | -€3,481 | |
| Other operating charges | 640/8 | €4,690 | €5,460 | +€770 | +16.4% |
| Gross operating margin | 9900 | €248,676 | €276,344 | +€27,668 | +11.1% |
| Operating profit (loss) | 9901 | €200,542 | €235,449 | +€34,907 | +17.4% |
| Financial income | 75/76B | €1,529 | - | -€1,529 | |
| Recurring financial income | 75 | €1,529 | - | -€1,529 | |
| Financial charges | 65/66B | €1,947 | €1,358 | -€589 | -30.3% |
| Recurring financial charges | 65 | €1,947 | €1,358 | -€589 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €200,124 | €234,091 | +€33,967 | +17.0% |
| Income taxes | 67/77 | €58,220 | €62,950 | +€4,730 | +8.1% |
| Profit (loss) for the period | 9904 | €141,904 | €171,141 | +€29,237 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,904 | €171,141 | +€29,237 | +20.6% |
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 31 October 2026 via checked.be.