MINGTEA: 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.
MINGTEA
Largest movements
- Stocks and contracts -€9,243
down €9,243 (-22.6%), from €40,919 to €31,676
- Receivables within one year +€5,247
up €5,247 (+126.6%), from €4,146 to €9,393
of which Other amounts receivable: +€4,868
- Cash -€3,214
down €3,214 (-14.4%), from €22,325 to €19,110
mainly Receivables within one year (-€5,247) and Net result for the year (-€4,021)
- Profit (loss) carried forward -€4,021
new in 2024: -€4,021
- Trade debts -€2,822
down €2,822 (-34.1%), from €8,280 to €5,458
- Other debts -€1,404
down €1,404 (-2.6%), from €54,870 to €53,467
- Other operating charges +€1,860
up €1,860 (+493.4%), from €377 to €2,237
- Gross operating margin -€1,143
down €1,143 (-22.0%), from €5,203 to €4,060
- Financial charges +€937
up €937 (+24.9%), from €3,767 to €4,704
- Taxes -€497
down €497 (-79.0%), from €630 to €132
- Depreciation +€328
up €328 (+45.5%), from €722 to €1,050
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,873 | €62,563 | -€8,310 | -11.7% |
| Formation expenses | 20 | €509 | - | -€509 | |
| Fixed assets | 21/28 | €2,925 | €2,384 | -€541 | -18.5% |
| Intangible fixed assets | 21 | €438 | €338 | -€100 | -22.9% |
| Tangible fixed assets | 22/27 | €1,987 | €1,546 | -€441 | -22.2% |
| Plant, machinery and equipment | 23 | €1,987 | €1,546 | -€441 | -22.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,439 | €60,179 | -€7,260 | -10.8% |
| Stocks and contracts in progress | 3 | €40,919 | €31,676 | -€9,243 | -22.6% |
| Stocks | 30/36 | €40,919 | €31,676 | -€9,243 | -22.6% |
| Amounts receivable within one year | 40/41 | €4,146 | €9,393 | +€5,247 | +126.6% |
| Trade receivables | 40 | €2,775 | €3,155 | +€380 | +13.7% |
| Other amounts receivable | 41 | €1,370 | €6,238 | +€4,868 | +355.2% |
| Cash at bank and in hand | 54/58 | €22,325 | €19,110 | -€3,214 | -14.4% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €70,873 | €62,563 | -€8,310 | -11.7% |
| Equity | 10/15 | €3,076 | -€945 | -€4,021 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €76 | €76 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,021 | -€4,021 | |
| Amounts payable | 17/49 | €67,797 | €63,508 | -€4,289 | -6.3% |
| Amounts payable within one year | 42/48 | €67,797 | €63,508 | -€4,289 | -6.3% |
| Trade debts | 44 | €8,280 | €5,458 | -€2,822 | -34.1% |
| Suppliers | 440/4 | €8,280 | €5,458 | -€2,822 | -34.1% |
| Taxes, remuneration and social security | 45 | €4,647 | €4,583 | -€64 | -1.4% |
| Taxes | 450/3 | €2,947 | €2,883 | -€64 | -2.2% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €54,870 | €53,467 | -€1,404 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €1,050 | +€328 | +45.5% |
| Other operating charges | 640/8 | €377 | €2,237 | +€1,860 | +493.4% |
| Gross operating margin | 9900 | €5,203 | €4,060 | -€1,143 | -22.0% |
| Operating profit (loss) | 9901 | €4,104 | €773 | -€3,331 | -81.2% |
| Financial income | 75/76B | €368 | €41 | -€327 | -88.8% |
| Recurring financial income | 75 | €368 | €41 | -€327 | -88.8% |
| Financial charges | 65/66B | €3,767 | €4,704 | +€937 | +24.9% |
| Recurring financial charges | 65 | €3,767 | €4,704 | +€937 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €706 | -€3,889 | -€4,594 | |
| Income taxes | 67/77 | €630 | €132 | -€497 | -79.0% |
| Profit (loss) for the period | 9904 | €76 | -€4,021 | -€4,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €76 | -€4,021 | -€4,097 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.