Miniequine: 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.
Miniequine
Largest movements
- Cash +€35,991
up €35,991 (+98.0%), from €36,734 to €72,725
mainly Receivables within one year (+€24,702) and Depreciation (+€19,460)
- Receivables within one year -€24,702
down €24,702 (-21.5%), from €114,717 to €90,015
of which Trade receivables: -€24,232
- Tangible fixed assets -€21,971
down €21,971 (-2.1%), from €1.0m to €1.0m
of which Land and buildings: -€13,125
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€37,538
down €37,538 (-59.7%), from €62,830 to €25,292
- Taxes -€12,083
no longer reported in 2025 (was €12,083)
- Depreciation -€2,475
down €2,475 (-11.3%), from €21,935 to €19,460
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.
Derived cash bridge
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 | €1,271,934 | €1,268,839 | -€3,095 | -0.2% |
| Fixed assets | 21/28 | €1,044,335 | €1,022,364 | -€21,971 | -2.1% |
| Tangible fixed assets | 22/27 | €1,044,335 | €1,022,364 | -€21,971 | -2.1% |
| Land and buildings | 22 | €1,006,961 | €993,836 | -€13,125 | -1.3% |
| Plant, machinery and equipment | 23 | €24,271 | €27,844 | +€3,573 | +14.7% |
| Furniture and vehicles | 24 | €13,103 | €684 | -€12,419 | -94.8% |
| Current assets | 29/58 | €227,599 | €246,475 | +€18,876 | +8.3% |
| Stocks and contracts in progress | 3 | €76,084 | €83,201 | +€7,117 | +9.4% |
| Stocks | 30/36 | €76,084 | €83,201 | +€7,117 | +9.4% |
| Amounts receivable within one year | 40/41 | €114,717 | €90,015 | -€24,702 | -21.5% |
| Trade receivables | 40 | €105,249 | €81,017 | -€24,232 | -23.0% |
| Other amounts receivable | 41 | €9,468 | €8,998 | -€470 | -5.0% |
| Cash at bank and in hand | 54/58 | €36,734 | €72,725 | +€35,991 | +98.0% |
| Deferred charges and accrued income | 490/1 | €64 | €534 | +€470 | +734% |
| Total equity and liabilities | 10/49 | €1,271,934 | €1,268,839 | -€3,095 | -0.2% |
| Equity | 10/15 | €1,230,966 | €1,228,241 | -€2,725 | -0.2% |
| Contributions | 10/11 | €1,138,200 | €1,138,200 | = | 0.0% |
| Reserves | 13 | €92,766 | €92,766 | = | 0.0% |
| Distributable reserves | 133 | €92,766 | €92,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,725 | -€2,725 | |
| Amounts payable | 17/49 | €40,968 | €40,598 | -€370 | -0.9% |
| Amounts payable within one year | 42/48 | €40,968 | €40,598 | -€370 | -0.9% |
| Trade debts | 44 | €15,260 | €21,222 | +€5,962 | +39.1% |
| Suppliers | 440/4 | €15,260 | €21,222 | +€5,962 | +39.1% |
| Advances received on contracts in progress | 46 | €200 | €5,580 | +€5,380 | +2,690% |
| Taxes, remuneration and social security | 45 | €12,083 | - | -€12,083 | |
| Taxes | 450/3 | €12,083 | - | -€12,083 | |
| Other amounts payable | 47/48 | €13,425 | €13,796 | +€371 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,935 | €19,460 | -€2,475 | -11.3% |
| Other operating charges | 640/8 | €5,348 | €5,368 | +€20 | +0.4% |
| Non-recurring operating charges | 66A | - | €3,045 | +€3,045 | |
| Gross operating margin | 9900 | €62,830 | €25,292 | -€37,538 | -59.7% |
| Operating profit (loss) | 9901 | €35,547 | -€2,581 | -€38,128 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -50.0% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -50.0% |
| Financial charges | 65/66B | €158 | €146 | -€12 | -7.6% |
| Recurring financial charges | 65 | €158 | €146 | -€12 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €35,393 | -€2,725 | -€38,118 | |
| Income taxes | 67/77 | €12,083 | - | -€12,083 | |
| Profit (loss) for the period | 9904 | €23,310 | -€2,725 | -€26,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,310 | -€2,725 | -€26,035 |
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 30 October 2026 via checked.be.