MINGJAN: 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.
MINGJAN
Largest movements
- Receivables within one year +€32,350
up €32,350, from €0 to €32,350
of which Other amounts receivable: +€32,350
- Tangible fixed assets -€28,774
down €28,774 (-39.0%), from €73,818 to €45,044
of which Land and buildings: -€22,163
- Cash +€12,086
up €12,086 (+141.4%), from €8,549 to €20,635
mainly Net result for the year (+€71,642) and Depreciation (+€34,170)
- Reserves +€71,642
up €71,642 (+35.0%), from €204,479 to €276,120
- Other debts -€41,130
down €41,130 (-60.1%), from €68,469 to €27,339
- Trade debts -€22,557
down €22,557 (-50.1%), from €45,017 to €22,461
- Tax, wage and social debts +€9,293
up €9,293 (+671.0%), from €1,385 to €10,678
- Turnover -€824,718
no longer reported in 2025 (was €824,718)
- Purchases and services -€591,895
no longer reported in 2025 (was €591,895)
- Gross operating margin +€60,926
up €60,926 (+26.1%), from €233,469 to €294,395
- Staff costs +€24,355
up €24,355 (+15.7%), from €154,963 to €179,318
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 | €341,339 | €355,491 | +€14,151 | +4.1% |
| Fixed assets | 21/28 | €323,818 | €295,044 | -€28,774 | -8.9% |
| Tangible fixed assets | 22/27 | €73,818 | €45,044 | -€28,774 | -39.0% |
| Land and buildings | 22 | €44,368 | €22,205 | -€22,163 | -50.0% |
| Plant, machinery and equipment | 23 | €22,964 | €18,070 | -€4,895 | -21.3% |
| Furniture and vehicles | 24 | €6,485 | €4,769 | -€1,716 | -26.5% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €17,521 | €60,446 | +€42,925 | +245.0% |
| Stocks and contracts in progress | 3 | €7,284 | €7,461 | +€178 | +2.4% |
| Stocks | 30/36 | €7,284 | €7,461 | +€178 | +2.4% |
| Amounts receivable within one year | 40/41 | €0 | €32,350 | +€32,350 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €32,350 | +€32,350 | |
| Cash at bank and in hand | 54/58 | €8,549 | €20,635 | +€12,086 | +141.4% |
| Deferred charges and accrued income | 490/1 | €1,688 | €0 | -€1,688 | -100.0% |
| Total equity and liabilities | 10/49 | €341,339 | €355,491 | +€14,151 | +4.1% |
| Equity | 10/15 | €223,079 | €294,720 | +€71,642 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,479 | €276,120 | +€71,642 | +35.0% |
| Distributable reserves | 133 | €204,479 | €276,120 | +€71,642 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €118,261 | €60,770 | -€57,491 | -48.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €118,261 | €60,770 | -€57,491 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €3,390 | €293 | -€3,097 | -91.3% |
| Trade debts | 44 | €45,017 | €22,461 | -€22,557 | -50.1% |
| Suppliers | 440/4 | €45,017 | €22,461 | -€22,557 | -50.1% |
| Taxes, remuneration and social security | 45 | €1,385 | €10,678 | +€9,293 | +671.0% |
| Taxes | 450/3 | €1,385 | €10,678 | +€9,293 | +671.0% |
| Other amounts payable | 47/48 | €68,469 | €27,339 | -€41,130 | -60.1% |
| Turnover | 70 | €824,718 | - | -€824,718 | |
| Goods, raw materials, services and sundry goods | 60/61 | €591,895 | - | -€591,895 | |
| Remuneration, social security and pensions | 62 | €154,963 | €179,318 | +€24,355 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,924 | €34,170 | +€1,246 | +3.8% |
| Other operating charges | 640/8 | €1,958 | €1,633 | -€325 | -16.6% |
| Gross operating margin | 9900 | €233,469 | €294,395 | +€60,926 | +26.1% |
| Operating profit (loss) | 9901 | €43,624 | €79,274 | +€35,650 | +81.7% |
| Financial income | 75/76B | €1,451 | €2,238 | +€787 | +54.2% |
| Recurring financial income | 75 | €1,451 | €2,238 | +€787 | +54.2% |
| Financial charges | 65/66B | €3,986 | €2,706 | -€1,280 | -32.1% |
| Recurring financial charges | 65 | €3,986 | €2,706 | -€1,280 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €41,089 | €78,806 | +€37,717 | +91.8% |
| Income taxes | 67/77 | €0 | €7,164 | +€7,164 | |
| Profit (loss) for the period | 9904 | €41,089 | €71,642 | +€30,553 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,089 | €71,642 | +€30,553 | +74.4% |
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 5 October 2026 via checked.be.