Minga Recyclage: 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.
Minga Recyclage
Largest movements
- Deferred charges and accrued income +€67,289
new in 2025: €67,289
- Tangible fixed assets +€36,342
up €36,342 (+59.4%), from €61,183 to €97,525
of which Plant, machinery and equipment: +€25,844
- Cash -€12,043
down €12,043 (-96.2%), from €12,517 to €474
mainly Deferred charges and accrued income (-€67,289) and Investment in fixed assets (net) (-€55,709)
- Stocks and contracts +€3,905
new in 2025: €3,905
- Receivables within one year +€2,919
up €2,919 (+5.2%), from €56,496 to €59,415
of which Trade receivables: +€2,766
- Debts after one year +€100,539
up €100,539 (+559%), from €18,000 to €118,539
- Trade debts -€32,848
down €32,848 (-92.6%), from €35,458 to €2,610
- Profit (loss) carried forward +€31,055
up €31,055 (+60.7%), from €51,130 to €82,185
- Current portion of long-term debt +€17,340
new in 2025: €17,340
- Other debts -€9,306
no longer reported in 2025 (was €9,306)
- Gross operating margin +€30,269
up €30,269 (+89.2%), from €33,928 to €64,197
- Taxes +€6,350
new in 2025: €6,350
- Financial charges +€4,343
up €4,343 (+32,679%), from €13 to €4,356
- Depreciation +€4,072
up €4,072 (+26.6%), from €15,296 to €19,367
- Other operating charges +€2,157
up €2,157 (+611%), from €353 to €2,510
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 | €130,197 | €228,608 | +€98,411 | +75.6% |
| Fixed assets | 21/28 | €61,183 | €97,525 | +€36,342 | +59.4% |
| Tangible fixed assets | 22/27 | €61,183 | €97,525 | +€36,342 | +59.4% |
| Land and buildings | 22 | - | €2,450 | +€2,450 | |
| Plant, machinery and equipment | 23 | - | €25,844 | +€25,844 | |
| Furniture and vehicles | 24 | €61,183 | €68,135 | +€6,952 | +11.4% |
| Other tangible fixed assets | 26 | - | €1,096 | +€1,096 | |
| Current assets | 29/58 | €69,013 | €131,083 | +€62,070 | +89.9% |
| Stocks and contracts in progress | 3 | - | €3,905 | +€3,905 | |
| Stocks | 30/36 | - | €3,905 | +€3,905 | |
| Amounts receivable within one year | 40/41 | €56,496 | €59,415 | +€2,919 | +5.2% |
| Trade receivables | 40 | €49,490 | €52,256 | +€2,766 | +5.6% |
| Other amounts receivable | 41 | €7,006 | €7,160 | +€153 | +2.2% |
| Cash at bank and in hand | 54/58 | €12,517 | €474 | -€12,043 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €67,289 | +€67,289 | |
| Total equity and liabilities | 10/49 | €130,197 | €228,608 | +€98,411 | +75.6% |
| Equity | 10/15 | €53,630 | €84,685 | +€31,055 | +57.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,130 | €82,185 | +€31,055 | +60.7% |
| Amounts payable | 17/49 | €76,567 | €143,924 | +€67,357 | +88.0% |
| Amounts payable after more than one year | 17 | €18,000 | €118,539 | +€100,539 | +559% |
| Financial debts | 170/4 | €18,000 | €118,539 | +€100,539 | +559% |
| Amounts payable within one year | 42/48 | €58,567 | €25,385 | -€33,182 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | - | €17,340 | +€17,340 | |
| Trade debts | 44 | €35,458 | €2,610 | -€32,848 | -92.6% |
| Suppliers | 440/4 | €35,458 | €2,610 | -€32,848 | -92.6% |
| Taxes, remuneration and social security | 45 | €13,803 | €5,435 | -€8,368 | -60.6% |
| Taxes | 450/3 | €13,803 | €5,435 | -€8,368 | -60.6% |
| Other amounts payable | 47/48 | €9,306 | - | -€9,306 | |
| Remuneration, social security and pensions | 62 | - | €590 | +€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,296 | €19,367 | +€4,072 | +26.6% |
| Other operating charges | 640/8 | €353 | €2,510 | +€2,157 | +611% |
| Gross operating margin | 9900 | €33,928 | €64,197 | +€30,269 | +89.2% |
| Operating profit (loss) | 9901 | €18,279 | €41,729 | +€23,450 | +128% |
| Financial income | 75/76B | €1 | €34 | +€33 | +3,640% |
| Recurring financial income | 75 | €1 | €34 | +€33 | +3,640% |
| Financial charges | 65/66B | €13 | €4,356 | +€4,343 | +32,679% |
| Recurring financial charges | 65 | €13 | €4,356 | +€4,343 | +32,679% |
| Profit (loss) for the period before taxes | 9903 | €18,267 | €37,407 | +€19,140 | +105% |
| Income taxes | 67/77 | - | €6,350 | +€6,350 | |
| Profit (loss) for the period | 9904 | €18,267 | €31,057 | +€12,790 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,267 | €31,057 | +€12,790 | +70.0% |
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 29 October 2026 via checked.be.