MING & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year -€94,046
down €94,046 (-10.5%), from €892,133 to €798,087
of which Other amounts receivable: -€98,583
- Tangible fixed assets +€61,563
up €61,563 (+47.3%), from €130,126 to €191,689
of which Other tangible fixed assets: +€34,860
- Formation expenses -€16,612
no longer reported in 2025 (was €16,612)
- Other debts +€304,793
up €304,793 (+189.6%), from €160,786 to €465,578
- Profit (loss) carried forward -€298,843
down €298,843 (-2287.6%), from -€13,064 to -€311,906
- Current portion of long-term debt -€40,838
down €40,838 (-46.6%), from €87,599 to €46,761
- Trade debts -€19,461
down €19,461 (-11.7%), from €166,255 to €146,794
- Accrued charges and deferred income -€13,005
down €13,005 (-79.5%), from €16,357 to €3,353
- Gross operating margin -€126,418
down €126,418 (-19.6%), from €645,236 to €518,818
- Staff costs +€83,823
up €83,823 (+12.7%), from €661,003 to €744,826
- Other operating charges +€18,414
up €18,414 (+448.8%), from €4,103 to €22,516
- Depreciation -€9,484
down €9,484 (-16.0%), from €59,410 to €49,926
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 | €1,071,676 | €1,011,909 | -€59,768 | -5.6% |
| Formation expenses | 20 | €16,612 | - | -€16,612 | |
| Fixed assets | 21/28 | €130,126 | €191,689 | +€61,563 | +47.3% |
| Tangible fixed assets | 22/27 | €130,126 | €191,689 | +€61,563 | +47.3% |
| Plant, machinery and equipment | 23 | €8,444 | €23,181 | +€14,736 | +174.5% |
| Furniture and vehicles | 24 | €10,287 | €22,253 | +€11,967 | +116.3% |
| Other tangible fixed assets | 26 | €111,395 | €146,255 | +€34,860 | +31.3% |
| Current assets | 29/58 | €924,939 | €820,220 | -€104,719 | -11.3% |
| Stocks and contracts in progress | 3 | €19,432 | €13,972 | -€5,459 | -28.1% |
| Stocks | 30/36 | €19,432 | €13,972 | -€5,459 | -28.1% |
| Amounts receivable within one year | 40/41 | €892,133 | €798,087 | -€94,046 | -10.5% |
| Trade receivables | 40 | €10,440 | €14,977 | +€4,537 | +43.5% |
| Other amounts receivable | 41 | €881,693 | €783,110 | -€98,583 | -11.2% |
| Cash at bank and in hand | 54/58 | €13,034 | €7,667 | -€5,367 | -41.2% |
| Deferred charges and accrued income | 490/1 | €340 | €493 | +€153 | +44.8% |
| Total equity and liabilities | 10/49 | €1,071,676 | €1,011,909 | -€59,768 | -5.6% |
| Equity | 10/15 | €388,587 | €89,744 | -€298,843 | -76.9% |
| Contributions | 10/11 | €356,800 | €356,800 | = | 0.0% |
| Reserves | 13 | €44,851 | €44,851 | = | 0.0% |
| Distributable reserves | 133 | €44,851 | €44,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,064 | -€311,906 | -€298,843 | -2287.6% |
| Amounts payable | 17/49 | €683,089 | €922,164 | +€239,075 | +35.0% |
| Amounts payable after more than one year | 17 | €160,322 | €164,701 | +€4,379 | +2.7% |
| Financial debts | 170/4 | €160,322 | €164,701 | +€4,379 | +2.7% |
| Amounts payable within one year | 42/48 | €506,410 | €754,111 | +€247,700 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €87,599 | €46,761 | -€40,838 | -46.6% |
| Financial debts | 43 | - | €11,621 | +€11,621 | |
| Credit institutions | 430/8 | - | €11,621 | +€11,621 | |
| Trade debts | 44 | €166,255 | €146,794 | -€19,461 | -11.7% |
| Suppliers | 440/4 | €166,255 | €146,794 | -€19,461 | -11.7% |
| Taxes, remuneration and social security | 45 | €91,770 | €83,356 | -€8,415 | -9.2% |
| Taxes | 450/3 | €10,361 | - | -€10,361 | |
| Remuneration and social security | 454/9 | €81,410 | €83,356 | +€1,946 | +2.4% |
| Other amounts payable | 47/48 | €160,786 | €465,578 | +€304,793 | +189.6% |
| Accrued charges and deferred income | 492/3 | €16,357 | €3,353 | -€13,005 | -79.5% |
| Remuneration, social security and pensions | 62 | €661,003 | €744,826 | +€83,823 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,410 | €49,926 | -€9,484 | -16.0% |
| Other operating charges | 640/8 | €4,103 | €22,516 | +€18,414 | +448.8% |
| Gross operating margin | 9900 | €645,236 | €518,818 | -€126,418 | -19.6% |
| Operating profit (loss) | 9901 | -€79,279 | -€298,451 | -€219,171 | -276.5% |
| Financial income | 75/76B | €13,648 | €7,735 | -€5,913 | -43.3% |
| Recurring financial income | 75 | €13,648 | €7,735 | -€5,913 | -43.3% |
| Financial charges | 65/66B | €6,268 | €8,127 | +€1,859 | +29.7% |
| Recurring financial charges | 65 | €6,268 | €8,127 | +€1,859 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€71,899 | -€298,843 | -€226,943 | -315.6% |
| Profit (loss) for the period | 9904 | -€71,899 | -€298,843 | -€226,943 | -315.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,899 | -€298,843 | -€226,943 | -315.6% |
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 12 October 2026 via checked.be.