MiNi: 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.
MiNi
Largest movements
- Receivables within one year +€63,535
up €63,535 (+474.9%), from €13,378 to €76,913
of which Trade receivables: +€60,482
- Tangible fixed assets -€13,465
down €13,465 (-17.2%), from €78,239 to €64,773
of which Plant, machinery and equipment: -€19,530
- Cash -€8,966
down €8,966 (-54.2%), from €16,543 to €7,578
mainly Receivables within one year (-€63,535) and Contributions, distributions and other (-€24,000)
- Other debts +€22,521
up €22,521 (+1522.8%), from €1,479 to €24,000
- Reserves +€21,299
up €21,299 (+109.4%), from €19,477 to €40,776
- Debts after one year -€19,261
down €19,261 (-48.9%), from €39,393 to €20,132
- Trade debts +€9,527
up €9,527 (+31.3%), from €30,427 to €39,954
- Tax, wage and social debts +€8,394
up €8,394 (+250.4%), from €3,352 to €11,746
of which Taxes: +€8,074
- Gross operating margin +€41,442
up €41,442 (+71.2%), from €58,231 to €99,672
- Taxes +€13,312
up €13,312 (+289.4%), from €4,600 to €17,913
- Financial charges -€3,328
down €3,328 (-37.5%), from €8,875 to €5,547
- Depreciation +€2,949
up €2,949 (+12.1%), from €24,338 to €27,287
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 | €119,340 | €161,249 | +€41,909 | +35.1% |
| Fixed assets | 21/28 | €81,239 | €67,773 | -€13,465 | -16.6% |
| Tangible fixed assets | 22/27 | €78,239 | €64,773 | -€13,465 | -17.2% |
| Land and buildings | 22 | €4,788 | €9,363 | +€4,575 | +95.5% |
| Plant, machinery and equipment | 23 | €70,763 | €51,233 | -€19,530 | -27.6% |
| Furniture and vehicles | 24 | €2,688 | €4,178 | +€1,490 | +55.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €38,101 | €93,476 | +€55,375 | +145.3% |
| Stocks and contracts in progress | 3 | €2,194 | €2,234 | +€39 | +1.8% |
| Stocks | 30/36 | €2,194 | €2,234 | +€39 | +1.8% |
| Amounts receivable within one year | 40/41 | €13,378 | €76,913 | +€63,535 | +474.9% |
| Trade receivables | 40 | €6,840 | €67,321 | +€60,482 | +884.2% |
| Other amounts receivable | 41 | €6,538 | €9,592 | +€3,053 | +46.7% |
| Cash at bank and in hand | 54/58 | €16,543 | €7,578 | -€8,966 | -54.2% |
| Deferred charges and accrued income | 490/1 | €5,985 | €6,751 | +€766 | +12.8% |
| Total equity and liabilities | 10/49 | €119,340 | €161,249 | +€41,909 | +35.1% |
| Equity | 10/15 | €21,477 | €42,776 | +€21,299 | +99.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,477 | €40,776 | +€21,299 | +109.4% |
| Distributable reserves | 133 | €19,477 | €40,776 | +€21,299 | +109.4% |
| Amounts payable | 17/49 | €97,863 | €118,473 | +€20,611 | +21.1% |
| Amounts payable after more than one year | 17 | €39,393 | €20,132 | -€19,261 | -48.9% |
| Financial debts | 170/4 | €39,393 | €20,132 | -€19,261 | -48.9% |
| Amounts payable within one year | 42/48 | €53,653 | €94,852 | +€41,199 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €18,395 | €19,152 | +€757 | +4.1% |
| Trade debts | 44 | €30,427 | €39,954 | +€9,527 | +31.3% |
| Suppliers | 440/4 | €30,427 | €39,954 | +€9,527 | +31.3% |
| Taxes, remuneration and social security | 45 | €3,352 | €11,746 | +€8,394 | +250.4% |
| Taxes | 450/3 | €3,352 | €11,426 | +€8,074 | +240.9% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €1,479 | €24,000 | +€22,521 | +1522.8% |
| Accrued charges and deferred income | 492/3 | €4,817 | €3,490 | -€1,328 | -27.6% |
| Non-recurring operating income | 76A | €2,305 | €17,114 | +€14,809 | +642.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,338 | €27,287 | +€2,949 | +12.1% |
| Other operating charges | 640/8 | €3,255 | €3,653 | +€398 | +12.2% |
| Gross operating margin | 9900 | €58,231 | €99,672 | +€41,442 | +71.2% |
| Operating profit (loss) | 9901 | €30,638 | €68,732 | +€38,095 | +124.3% |
| Financial income | 75/76B | €50 | €26 | -€24 | -48.8% |
| Recurring financial income | 75 | €50 | €26 | -€24 | -48.8% |
| Financial charges | 65/66B | €8,875 | €5,547 | -€3,328 | -37.5% |
| Recurring financial charges | 65 | €8,875 | €5,547 | -€3,328 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €21,813 | €63,211 | +€41,398 | +189.8% |
| Income taxes | 67/77 | €4,600 | €17,913 | +€13,312 | +289.4% |
| Profit (loss) for the period | 9904 | €17,213 | €45,299 | +€28,086 | +163.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,213 | €45,299 | +€28,086 | +163.2% |
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 10 October 2026 via checked.be.