MINGLE GROUP: 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.
MINGLE GROUP
Largest movements
- Financial fixed assets +€510,660
up €510,660 (+127665.0%), from €400 to €511,060
- Receivables within one year +€284,742
up €284,742 (+430.0%), from €66,213 to €350,954
of which Trade receivables: +€282,102
- Intangible fixed assets +€187,974
up €187,974 (+2437.1%), from €7,713 to €195,687
- Cash +€77,025
up €77,025 (+37.0%), from €208,137 to €285,162
mainly Net result for the year (+€577,956) and Contributions, distributions and other (+€500,003)
- Contributions +€500,003
up €500,003 (+400.0%), from €125,000 to €625,003
- Profit (loss) carried forward +€325,356
up €325,356 (+525.9%), from €61,870 to €387,225
- Reserves +€252,600
new in 2025: €252,600
- Tax, wage and social debts -€20,491
down €20,491 (-31.3%), from €65,447 to €44,956
of which Remuneration and social security: -€11,893
- Gross operating margin +€643,331
up €643,331 (+141.5%), from €454,808 to €1.1m
- Taxes +€83,326
up €83,326 (+383.0%), from €21,756 to €105,082
- Staff costs +€23,541
up €23,541 (+6.4%), from €368,216 to €391,756
- Depreciation +€12,844
up €12,844 (+239.7%), from €5,358 to €18,202
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 | €307,764 | €1,375,535 | +€1.1m | +346.9% |
| Fixed assets | 21/28 | €12,945 | €721,021 | +€708,076 | +5470.1% |
| Intangible fixed assets | 21 | €7,713 | €195,687 | +€187,974 | +2437.1% |
| Tangible fixed assets | 22/27 | €4,832 | €14,273 | +€9,442 | +195.4% |
| Furniture and vehicles | 24 | €4,832 | €14,273 | +€9,442 | +195.4% |
| Financial fixed assets | 28 | €400 | €511,060 | +€510,660 | +127665.0% |
| Current assets | 29/58 | €294,819 | €654,514 | +€359,695 | +122.0% |
| Amounts receivable within one year | 40/41 | €66,213 | €350,954 | +€284,742 | +430.0% |
| Trade receivables | 40 | €63,946 | €346,048 | +€282,102 | +441.2% |
| Other amounts receivable | 41 | €2,266 | €4,906 | +€2,640 | +116.5% |
| Cash at bank and in hand | 54/58 | €208,137 | €285,162 | +€77,025 | +37.0% |
| Deferred charges and accrued income | 490/1 | €20,469 | €18,398 | -€2,072 | -10.1% |
| Total equity and liabilities | 10/49 | €307,764 | €1,375,535 | +€1.1m | +346.9% |
| Equity | 10/15 | €186,870 | €1,264,828 | +€1.1m | +576.9% |
| Contributions | 10/11 | €125,000 | €625,003 | +€500,003 | +400.0% |
| Reserves | 13 | - | €252,600 | +€252,600 | |
| Tax-exempt reserves | 132 | - | €252,600 | +€252,600 | |
| Profit (loss) carried forward | 14 | €61,870 | €387,225 | +€325,356 | +525.9% |
| Amounts payable | 17/49 | €120,894 | €110,706 | -€10,187 | -8.4% |
| Amounts payable within one year | 42/48 | €120,894 | €110,706 | -€10,187 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €55,447 | €65,750 | +€10,303 | +18.6% |
| Suppliers | 440/4 | €55,447 | €65,750 | +€10,303 | +18.6% |
| Taxes, remuneration and social security | 45 | €65,447 | €44,956 | -€20,491 | -31.3% |
| Taxes | 450/3 | €13,321 | €4,723 | -€8,598 | -64.5% |
| Remuneration and social security | 454/9 | €52,126 | €40,233 | -€11,893 | -22.8% |
| Non-recurring operating income | 76A | €2,429 | €0 | -€2,429 | -100.0% |
| Remuneration, social security and pensions | 62 | €368,216 | €391,756 | +€23,541 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,358 | €18,202 | +€12,844 | +239.7% |
| Other operating charges | 640/8 | €1,030 | €4,342 | +€3,311 | +321.4% |
| Non-recurring operating charges | 66A | €1,503 | €0 | -€1,503 | -100.0% |
| Gross operating margin | 9900 | €454,808 | €1,098,139 | +€643,331 | +141.5% |
| Operating profit (loss) | 9901 | €78,701 | €683,839 | +€605,138 | +768.9% |
| Financial income | 75/76B | €0 | €58 | +€58 | |
| Recurring financial income | 75 | €0 | €58 | +€58 | |
| Financial charges | 65/66B | €1,804 | €859 | -€945 | -52.4% |
| Recurring financial charges | 65 | €1,804 | €859 | -€945 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €76,896 | €683,037 | +€606,141 | +788.3% |
| Income taxes | 67/77 | €21,756 | €105,082 | +€83,326 | +383.0% |
| Profit (loss) for the period | 9904 | €55,140 | €577,956 | +€522,815 | +948.2% |
| Transfer to tax-exempt reserves | 689 | - | €252,600 | +€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,140 | €325,356 | +€270,215 | +490.0% |
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 2 October 2026 via checked.be.