MINIGRIP DEVELOPMENT: 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.
MINIGRIP DEVELOPMENT
Largest movements
- Receivables within one year +€84,204
up €84,204 (+18.0%), from €467,974 to €552,178
of which Trade receivables: +€94,552
- Cash -€32,853
down €32,853 (-7.4%), from €444,044 to €411,191
mainly Receivables within one year (-€84,204) and Trade debts (-€39,843)
- Stocks and contracts +€20,421
up €20,421 (+16.4%), from €124,267 to €144,688
- Profit (loss) carried forward +€100,558
up €100,558 (+13.8%), from €730,657 to €831,214
- Trade debts -€39,843
down €39,843 (-52.6%), from €75,726 to €35,884
- Staff costs -€35,223
down €35,223 (-12.4%), from €285,184 to €249,961
- Gross operating margin +€22,946
up €22,946 (+6.5%), from €351,229 to €374,175
- Write-downs +€6,228
up €6,228 (+45.0%), from -€13,855 to -€7,627
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 | €1,047,439 | €1,114,094 | +€66,655 | +6.4% |
| Fixed assets | 21/28 | €8,858 | €6,036 | -€2,822 | -31.9% |
| Tangible fixed assets | 22/27 | €3,141 | €319 | -€2,822 | -89.8% |
| Plant, machinery and equipment | 23 | €130 | - | -€130 | |
| Furniture and vehicles | 24 | €3,011 | €319 | -€2,691 | -89.4% |
| Financial fixed assets | 28 | €5,717 | €5,717 | = | 0.0% |
| Current assets | 29/58 | €1,038,581 | €1,108,058 | +€69,476 | +6.7% |
| Stocks and contracts in progress | 3 | €124,267 | €144,688 | +€20,421 | +16.4% |
| Stocks | 30/36 | €124,267 | €144,688 | +€20,421 | +16.4% |
| Amounts receivable within one year | 40/41 | €467,974 | €552,178 | +€84,204 | +18.0% |
| Trade receivables | 40 | €112,156 | €206,708 | +€94,552 | +84.3% |
| Other amounts receivable | 41 | €355,818 | €345,471 | -€10,348 | -2.9% |
| Cash at bank and in hand | 54/58 | €444,044 | €411,191 | -€32,853 | -7.4% |
| Deferred charges and accrued income | 490/1 | €2,296 | - | -€2,296 | |
| Total equity and liabilities | 10/49 | €1,047,439 | €1,114,094 | +€66,655 | +6.4% |
| Equity | 10/15 | €946,008 | €1,046,565 | +€100,558 | +10.6% |
| Contributions | 10/11 | €101,293 | €101,293 | = | 0.0% |
| Reserves | 13 | €114,058 | €114,058 | = | 0.0% |
| Distributable reserves | 133 | €114,058 | €114,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | €730,657 | €831,214 | +€100,558 | +13.8% |
| Amounts payable | 17/49 | €101,432 | €67,529 | -€33,903 | -33.4% |
| Amounts payable within one year | 42/48 | €101,432 | €67,529 | -€33,903 | -33.4% |
| Trade debts | 44 | €75,726 | €35,884 | -€39,843 | -52.6% |
| Suppliers | 440/4 | €75,726 | €35,884 | -€39,843 | -52.6% |
| Taxes, remuneration and social security | 45 | €25,705 | €31,645 | +€5,940 | +23.1% |
| Taxes | 450/3 | - | €3,226 | +€3,226 | |
| Remuneration and social security | 454/9 | €25,705 | €28,419 | +€2,714 | +10.6% |
| Remuneration, social security and pensions | 62 | €285,184 | €249,961 | -€35,223 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,397 | €2,822 | -€576 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,855 | -€7,627 | +€6,228 | +45.0% |
| Other operating charges | 640/8 | €147 | €151 | +€3 | +2.3% |
| Non-recurring operating charges | 66A | - | €475 | +€475 | |
| Gross operating margin | 9900 | €351,229 | €374,175 | +€22,946 | +6.5% |
| Operating profit (loss) | 9901 | €76,355 | €128,393 | +€52,038 | +68.2% |
| Financial income | 75/76B | €1,725 | €909 | -€815 | -47.3% |
| Recurring financial income | 75 | €1,725 | €909 | -€815 | -47.3% |
| Financial charges | 65/66B | €3,226 | €3,863 | +€637 | +19.7% |
| Recurring financial charges | 65 | €3,226 | €3,863 | +€637 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €74,854 | €125,439 | +€50,585 | +67.6% |
| Income taxes | 67/77 | €21,385 | €24,881 | +€3,496 | +16.3% |
| Profit (loss) for the period | 9904 | €53,469 | €100,558 | +€47,089 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,469 | €100,558 | +€47,089 | +88.1% |
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 2 October 2026 via checked.be.