MING MEN: what changed
Two fiscal 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 MEN
Largest movements
- Cash +€49,004
up €49,004 (+28.0%), from €175,204 to €224,208
mainly Net result for the year (+€30,552) and Depreciation (+€25,920)
- Tangible fixed assets -€16,244
down €16,244 (-37.8%), from €43,008 to €26,764
of which Furniture and vehicles: -€14,725
- Receivables within one year -€9,054
down €9,054 (-38.8%), from €23,328 to €14,274
of which Trade receivables: -€8,619
- Reserves +€30,000
up €30,000 (+23.5%), from €127,860 to €157,860
- Current portion of long-term debt -€10,658
no longer reported in 2025 (was €10,658)
- Gross operating margin +€16,969
up €16,969 (+32.1%), from €52,911 to €69,880
- Taxes +€4,437
up €4,437 (+60.2%), from €7,367 to €11,804
- Other operating charges -€1,267
down €1,267 (-40.7%), from €3,116 to €1,849
- Depreciation +€1,000
up €1,000 (+4.0%), from €24,920 to €25,920
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,848 | €266,682 | +€23,835 | +9.8% |
| Fixed assets | 21/28 | €43,008 | €26,764 | -€16,244 | -37.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €43,008 | €26,764 | -€16,244 | -37.8% |
| Land and buildings | 22 | €14,097 | €4,783 | -€9,314 | -66.1% |
| Plant, machinery and equipment | 23 | €164 | €7,959 | +€7,795 | +4760.5% |
| Furniture and vehicles | 24 | €28,747 | €14,022 | -€14,725 | -51.2% |
| Current assets | 29/58 | €199,840 | €239,919 | +€40,078 | +20.1% |
| Amounts receivable within one year | 40/41 | €23,328 | €14,274 | -€9,054 | -38.8% |
| Trade receivables | 40 | €22,893 | €14,274 | -€8,619 | -37.6% |
| Other amounts receivable | 41 | €435 | - | -€435 | |
| Cash at bank and in hand | 54/58 | €175,204 | €224,208 | +€49,004 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,308 | €1,436 | +€128 | +9.8% |
| Total equity and liabilities | 10/49 | €242,848 | €266,682 | +€23,835 | +9.8% |
| Equity | 10/15 | €213,254 | €243,807 | +€30,552 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,860 | €157,860 | +€30,000 | +23.5% |
| Distributable reserves | 133 | €127,860 | €157,860 | +€30,000 | +23.5% |
| Profit (loss) carried forward | 14 | €66,794 | €67,347 | +€552 | +0.8% |
| Amounts payable | 17/49 | €29,594 | €22,876 | -€6,718 | -22.7% |
| Amounts payable within one year | 42/48 | €29,585 | €22,867 | -€6,718 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €10,658 | - | -€10,658 | |
| Trade debts | 44 | €250 | €150 | -€100 | -39.9% |
| Suppliers | 440/4 | €250 | €150 | -€100 | -39.9% |
| Taxes, remuneration and social security | 45 | €8,147 | €10,798 | +€2,651 | +32.5% |
| Taxes | 450/3 | €6,147 | €10,798 | +€4,651 | +75.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €10,530 | €11,919 | +€1,389 | +13.2% |
| Accrued charges and deferred income | 492/3 | €8 | €9 | +€0 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,920 | €25,920 | +€1,000 | +4.0% |
| Other operating charges | 640/8 | €3,116 | €1,849 | -€1,267 | -40.7% |
| Gross operating margin | 9900 | €52,911 | €69,880 | +€16,969 | +32.1% |
| Operating profit (loss) | 9901 | €24,875 | €42,111 | +€17,236 | +69.3% |
| Financial income | 75/76B | €733 | €511 | -€222 | -30.3% |
| Recurring financial income | 75 | €733 | €511 | -€222 | -30.3% |
| Financial charges | 65/66B | €559 | €266 | -€293 | -52.5% |
| Recurring financial charges | 65 | €559 | €266 | -€293 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €25,049 | €42,356 | +€17,308 | +69.1% |
| Income taxes | 67/77 | €7,367 | €11,804 | +€4,437 | +60.2% |
| Profit (loss) for the period | 9904 | €17,681 | €30,552 | +€12,871 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,681 | €30,552 | +€12,871 | +72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.