MING DYNASTY: 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.
MING DYNASTY
Largest movements
- Receivables within one year -€7,887
down €7,887 (-2.7%), from €290,215 to €282,328
of which Other amounts receivable: -€8,798
- Tangible fixed assets +€6,257
new in 2025: €6,257
- Other debts +€30,724
up €30,724 (+614%), from €5,000 to €35,724
- Profit (loss) carried forward -€27,890
down €27,890 (-13.3%), from €210,076 to €182,186
- Current portion of long-term debt -€5,020
no longer reported in 2025 (was €5,020)
- Gross operating margin -€47,912
down €47,912, from €23,278 to -€24,634
- Taxes -€5,643
down €5,643 (-93.0%), from €6,070 to €427
- Depreciation +€3,065
new in 2025: €3,065
- Financial charges -€442
down €442 (-46.8%), from €945 to €503
- Financial income -€327
down €327 (-5.3%), from €6,149 to €5,822
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 | €367,896 | €366,122 | -€1,773 | -0.5% |
| Fixed assets | 21/28 | €446 | €6,703 | +€6,257 | +1,402% |
| Tangible fixed assets | 22/27 | - | €6,257 | +€6,257 | |
| Furniture and vehicles | 24 | - | €6,257 | +€6,257 | |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €367,450 | €359,419 | -€8,030 | -2.2% |
| Amounts receivable after more than one year | 29 | €74,600 | €74,600 | = | 0.0% |
| Other amounts receivable | 291 | €74,600 | €74,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €290,215 | €282,328 | -€7,887 | -2.7% |
| Trade receivables | 40 | €1,080 | €1,991 | +€911 | +84.4% |
| Other amounts receivable | 41 | €289,135 | €280,337 | -€8,798 | -3.0% |
| Cash at bank and in hand | 54/58 | €388 | €448 | +€60 | +15.5% |
| Deferred charges and accrued income | 490/1 | €2,247 | €2,044 | -€203 | -9.0% |
| Total equity and liabilities | 10/49 | €367,896 | €366,122 | -€1,773 | -0.5% |
| Equity | 10/15 | €310,579 | €282,689 | -€27,890 | -9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,911 | €81,911 | = | 0.0% |
| Distributable reserves | 133 | €81,911 | €81,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,076 | €182,186 | -€27,890 | -13.3% |
| Amounts payable | 17/49 | €57,317 | €83,434 | +€26,116 | +45.6% |
| Amounts payable within one year | 42/48 | €12,277 | €38,394 | +€26,116 | +213% |
| Current portion of amounts payable after more than one year | 42 | €5,020 | - | -€5,020 | |
| Trade debts | 44 | €2,187 | €1,739 | -€449 | -20.5% |
| Suppliers | 440/4 | €2,187 | €1,739 | -€449 | -20.5% |
| Taxes, remuneration and social security | 45 | €70 | €930 | +€861 | +1,238% |
| Taxes | 450/3 | €70 | €930 | +€861 | +1,238% |
| Other amounts payable | 47/48 | €5,000 | €35,724 | +€30,724 | +614% |
| Accrued charges and deferred income | 492/3 | €45,040 | €45,040 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,065 | +€3,065 | |
| Other operating charges | 640/8 | €5,371 | €5,084 | -€288 | -5.4% |
| Gross operating margin | 9900 | €23,278 | -€24,634 | -€47,912 | |
| Operating profit (loss) | 9901 | €17,907 | -€32,782 | -€50,689 | |
| Financial income | 75/76B | €6,149 | €5,822 | -€327 | -5.3% |
| Recurring financial income | 75 | €6,149 | €5,822 | -€327 | -5.3% |
| Financial charges | 65/66B | €945 | €503 | -€442 | -46.8% |
| Recurring financial charges | 65 | €945 | €503 | -€442 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €23,111 | -€27,463 | -€50,574 | |
| Income taxes | 67/77 | €6,070 | €427 | -€5,643 | -93.0% |
| Profit (loss) for the period | 9904 | €17,041 | -€27,890 | -€44,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,041 | -€27,890 | -€44,931 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.