Mini - Flat: 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 - Flat
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+1791.3%), from €83,252 to €1.6m
of which Leasing and similar rights: +€1.2m
- Receivables within one year +€1.4m
up €1.4m (+39.0%), from €3.6m to €5.0m
of which Other amounts receivable: +€1.2m
- Stocks and contracts -€669,723
down €669,723 (-37.1%), from €1.8m to €1.1m
of which Stocks: -€812,039
- Cash +€471,240
up €471,240 (+98.5%), from €478,202 to €949,442
mainly Debts after one year (+€1.3m) and Trade debts (+€845,102)
- Debts after one year +€1.3m
up €1.3m (+10169.2%), from €12,411 to €1.3m
- Trade debts +€845,102
up €845,102 (+83.0%), from €1.0m to €1.9m
- Advances received +€316,266
up €316,266 (+39.3%), from €805,476 to €1.1m
- Current portion of long-term debt +€168,278
up €168,278 (+1140.2%), from €14,759 to €183,038
- Reserves +€117,602
up €117,602 (+6.1%), from €1.9m to €2.0m
of which Distributable reserves: +€117,602
- Staff costs +€75,767
up €75,767 (+5.6%), from €1.4m to €1.4m
- Gross operating margin +€73,484
up €73,484 (+4.5%), from €1.6m to €1.7m
- Financial income -€63,288
down €63,288 (-32.1%), from €197,432 to €134,144
- Financial charges +€37,455
up €37,455 (+53.6%), from €69,819 to €107,275
- Taxes -€36,800
down €36,800 (-41.5%), from €88,675 to €51,875
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 | €6,698,417 | €9,395,619 | +€2.7m | +40.3% |
| Fixed assets | 21/28 | €789,431 | €2,276,119 | +€1.5m | +188.3% |
| Intangible fixed assets | 21 | €6,178 | €1,528 | -€4,650 | -75.3% |
| Tangible fixed assets | 22/27 | €83,252 | €1,574,591 | +€1.5m | +1791.3% |
| Plant, machinery and equipment | 23 | €19,680 | €360,392 | +€340,713 | +1731.3% |
| Furniture and vehicles | 24 | €63,573 | €46,240 | -€17,333 | -27.3% |
| Leasing and similar rights | 25 | - | €1,167,959 | +€1.2m | |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €5,908,986 | €7,119,500 | +€1.2m | +20.5% |
| Stocks and contracts in progress | 3 | €1,804,842 | €1,135,119 | -€669,723 | -37.1% |
| Stocks | 30/36 | €1,296,018 | €483,978 | -€812,039 | -62.7% |
| Contracts in progress | 37 | €508,824 | €651,140 | +€142,316 | +28.0% |
| Amounts receivable within one year | 40/41 | €3,600,124 | €5,002,550 | +€1.4m | +39.0% |
| Trade receivables | 40 | €552,157 | €716,531 | +€164,374 | +29.8% |
| Other amounts receivable | 41 | €3,047,966 | €4,286,018 | +€1.2m | +40.6% |
| Cash at bank and in hand | 54/58 | €478,202 | €949,442 | +€471,240 | +98.5% |
| Deferred charges and accrued income | 490/1 | €25,819 | €32,389 | +€6,570 | +25.4% |
| Total equity and liabilities | 10/49 | €6,698,417 | €9,395,619 | +€2.7m | +40.3% |
| Equity | 10/15 | €2,639,033 | €2,756,635 | +€117,602 | +4.5% |
| Contributions | 10/11 | €719,178 | €719,178 | = | 0.0% |
| Capital | 10 | €621,237 | €621,237 | = | 0.0% |
| Issued capital | 100 | €621,237 | €621,237 | = | 0.0% |
| Contributions outside capital | 11 | €97,941 | €97,941 | = | 0.0% |
| Share premium | 1100/10 | €97,941 | €97,941 | = | 0.0% |
| Reserves | 13 | €1,919,855 | €2,037,457 | +€117,602 | +6.1% |
| Non-distributable reserves | 130/1 | €62,124 | €62,124 | = | 0.0% |
| Legal reserve | 130 | €62,124 | €62,124 | = | 0.0% |
| Distributable reserves | 133 | €1,857,731 | €1,975,333 | +€117,602 | +6.3% |
| Amounts payable | 17/49 | €4,059,384 | €6,638,984 | +€2.6m | +63.5% |
| Amounts payable after more than one year | 17 | €12,411 | €1,274,539 | +€1.3m | +10169.2% |
| Financial debts | 170/4 | €12,411 | €1,274,539 | +€1.3m | +10169.2% |
| Amounts payable within one year | 42/48 | €3,848,056 | €5,203,451 | +€1.4m | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €14,759 | €183,038 | +€168,278 | +1140.2% |
| Financial debts | 43 | €75,280 | €91,449 | +€16,169 | +21.5% |
| Credit institutions | 430/8 | €75,280 | €91,449 | +€16,169 | +21.5% |
| Trade debts | 44 | €1,018,208 | €1,863,310 | +€845,102 | +83.0% |
| Suppliers | 440/4 | €1,018,208 | €1,863,310 | +€845,102 | +83.0% |
| Advances received on contracts in progress | 46 | €805,476 | €1,121,742 | +€316,266 | +39.3% |
| Taxes, remuneration and social security | 45 | €274,751 | €212,172 | -€62,579 | -22.8% |
| Taxes | 450/3 | €117,800 | €28,522 | -€89,278 | -75.8% |
| Remuneration and social security | 454/9 | €156,951 | €183,651 | +€26,699 | +17.0% |
| Other amounts payable | 47/48 | €1,659,582 | €1,731,741 | +€72,158 | +4.3% |
| Accrued charges and deferred income | 492/3 | €198,916 | €160,993 | -€37,923 | -19.1% |
| Non-recurring operating income | 76A | €13,966 | - | -€13,966 | |
| Remuneration, social security and pensions | 62 | €1,353,277 | €1,429,043 | +€75,767 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,636 | €106,135 | +€32,499 | +44.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,282 | - | +€3,282 | |
| Other operating charges | 640/8 | €18,200 | €22,101 | +€3,901 | +21.4% |
| Non-recurring operating charges | 66A | - | €696 | +€696 | |
| Gross operating margin | 9900 | €1,627,099 | €1,700,583 | +€73,484 | +4.5% |
| Operating profit (loss) | 9901 | €185,270 | €142,607 | -€42,662 | -23.0% |
| Financial income | 75/76B | €197,432 | €134,144 | -€63,288 | -32.1% |
| Recurring financial income | 75 | €197,432 | €134,144 | -€63,288 | -32.1% |
| Financial charges | 65/66B | €69,819 | €107,275 | +€37,455 | +53.6% |
| Recurring financial charges | 65 | €69,819 | €107,275 | +€37,455 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €312,882 | €169,477 | -€143,405 | -45.8% |
| Income taxes | 67/77 | €88,675 | €51,875 | -€36,800 | -41.5% |
| Profit (loss) for the period | 9904 | €224,207 | €117,602 | -€106,605 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €224,207 | €117,602 | -€106,605 | -47.5% |
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.