MINI MODEL RAILS: 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.
MINI MODEL RAILS
Largest movements
- Cash -€6,348
down €6,348 (-39.1%), from €16,228 to €9,880
mainly Other debts (-€5,818) and Investment in fixed assets (net) (-€2,242)
- Stocks and contracts +€1,670
up €1,670 (+1.7%), from €98,150 to €99,820
- Receivables within one year +€1,535
up €1,535 (+623.9%), from €246 to €1,782
of which Trade receivables: +€1,545
- Tangible fixed assets +€1,379
up €1,379 (+66.0%), from €2,089 to €3,468
of which Furniture and vehicles: +€1,071
- Reserves +€6,879
up €6,879 (+8.6%), from €80,210 to €87,090
of which Distributable reserves: +€6,879
- Other debts -€5,818
down €5,818 (-30.4%), from €19,141 to €13,323
- Trade debts -€1,852
no longer reported in 2025 (was €1,852)
- Gross operating margin -€6,306
down €6,306 (-37.7%), from €16,713 to €10,407
- Taxes -€1,898
down €1,898 (-43.6%), from €4,357 to €2,459
- Financial charges +€268
up €268 (+26.4%), from €1,018 to €1,287
- Depreciation +€169
up €169 (+24.3%), from €694 to €863
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 | €117,626 | €116,230 | -€1,397 | -1.2% |
| Fixed assets | 21/28 | €2,889 | €4,268 | +€1,379 | +47.7% |
| Tangible fixed assets | 22/27 | €2,089 | €3,468 | +€1,379 | +66.0% |
| Plant, machinery and equipment | 23 | €1,917 | €2,225 | +€308 | +16.1% |
| Furniture and vehicles | 24 | €172 | €1,243 | +€1,071 | +621.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €114,737 | €111,961 | -€2,776 | -2.4% |
| Stocks and contracts in progress | 3 | €98,150 | €99,820 | +€1,670 | +1.7% |
| Stocks | 30/36 | €98,150 | €99,820 | +€1,670 | +1.7% |
| Amounts receivable within one year | 40/41 | €246 | €1,782 | +€1,535 | +623.9% |
| Trade receivables | 40 | €186 | €1,731 | +€1,545 | +830.6% |
| Other amounts receivable | 41 | €60 | €51 | -€10 | -15.9% |
| Cash at bank and in hand | 54/58 | €16,228 | €9,880 | -€6,348 | -39.1% |
| Deferred charges and accrued income | 490/1 | €113 | €480 | +€367 | +323.5% |
| Total equity and liabilities | 10/49 | €117,626 | €116,230 | -€1,397 | -1.2% |
| Equity | 10/15 | €92,710 | €99,590 | +€6,879 | +7.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €80,210 | €87,090 | +€6,879 | +8.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €78,210 | €85,090 | +€6,879 | +8.8% |
| Amounts payable | 17/49 | €24,916 | €16,640 | -€8,276 | -33.2% |
| Amounts payable within one year | 42/48 | €24,916 | €16,391 | -€8,525 | -34.2% |
| Trade debts | 44 | €1,852 | - | -€1,852 | |
| Suppliers | 440/4 | €1,852 | - | -€1,852 | |
| Taxes, remuneration and social security | 45 | €3,923 | €3,068 | -€855 | -21.8% |
| Taxes | 450/3 | €3,923 | €3,068 | -€855 | -21.8% |
| Other amounts payable | 47/48 | €19,141 | €13,323 | -€5,818 | -30.4% |
| Accrued charges and deferred income | 492/3 | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €863 | +€169 | +24.3% |
| Other operating charges | 640/8 | €503 | €400 | -€103 | -20.5% |
| Gross operating margin | 9900 | €16,713 | €10,407 | -€6,306 | -37.7% |
| Operating profit (loss) | 9901 | €15,516 | €9,144 | -€6,372 | -41.1% |
| Financial income | 75/76B | €1,394 | €1,481 | +€87 | +6.2% |
| Recurring financial income | 75 | €1,394 | €1,481 | +€87 | +6.2% |
| Financial charges | 65/66B | €1,018 | €1,287 | +€268 | +26.4% |
| Recurring financial charges | 65 | €1,018 | €1,287 | +€268 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €15,892 | €9,339 | -€6,553 | -41.2% |
| Income taxes | 67/77 | €4,357 | €2,459 | -€1,898 | -43.6% |
| Profit (loss) for the period | 9904 | €11,535 | €6,879 | -€4,655 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,535 | €6,879 | -€4,655 | -40.4% |
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.