Miniox: 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.
What changed
Miniox
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€427,912
2024 · €304,626+€123,286
Equity
€2.8m
2024 · €2.8m-€1,491
Cash
€254,027
2024 · €393,109-€139,082
Balance sheet total
€7.2m
2024 · €6.7m+€495,194
Largest movements
Assets
- Receivables within one year +€385,082
up €385,082 (+17.7%), from €2.2m to €2.6m
of which Trade receivables: +€523,277
- Stocks and contracts +€380,389
up €380,389 (+12.6%), from €3.0m to €3.4m
- Cash -€139,082
down €139,082 (-35.4%), from €393,109 to €254,027
mainly Trade debts (-€715,732) and Contributions, distributions and other (-€429,403)
- Deferred charges and accrued income -€128,062
down €128,062 (-80.2%), from €159,695 to €31,633
Equity and liabilities
- Trade debts -€715,732
down €715,732 (-24.6%), from €2.9m to €2.2m
- Short-term financial debts +€555,199
up €555,199 (+115.8%), from €479,478 to €1.0m
- Other debts +€492,365
up €492,365 (+2666.0%), from €18,469 to €510,833
- Tax, wage and social debts +€156,910
up €156,910 (+48.1%), from €326,526 to €483,436
of which Taxes: +€119,189
- Accrued charges and deferred income +€102,247
up €102,247 (+586.1%), from €17,446 to €119,693
Income statement
- Turnover +€580,938
up €580,938 (+3.1%), from €18.6m to €19.1m
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.
Result 2024
€304,626
Turnover
+€580,938
Other operating income
+€6,334
Goods and materials
-€163,564
Services and other goods
-€187,355
Staff costs
+€19,322
Depreciation
-€5,635
Write-downs
-€90,517
Other operating charges
+€2,428
Other operating items
-€21,707
Financial income
+€2,673
Financial charges
+€26,839
Taxes
-€53,684
Deferred taxes and other
+€7,215
Result 2025
€427,912
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.
From operations
+€55,384
Investment
-€240,570
Financing
+€46,103
Cash 2024
€393,109
From operations (derived)
+€55,384
Net result for the year
+€427,912
Depreciation
+€243,702
Stocks and contracts
-€380,389
Receivables within one year
-€385,082
Deferred charges and accrued income
+€128,062
Provisions
-€14,610
Trade debts
-€715,732
Tax, wage and social debts
+€156,910
Other debts
+€492,365
Accrued charges and deferred income
+€102,247
Investment (derived)
-€240,570
Investment in fixed assets (net)
-€240,570
Financing
+€46,103
Debts after one year
-€23,906
Current portion of long-term debt
-€55,787
Short-term financial debts
+€555,199
Contributions, distributions and other
-€429,403
Cash 2025
€254,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,741,035 | €7,236,230 | +€495,194 | +7.3% |
| Fixed assets | 21/28 | €986,513 | €983,381 | -€3,132 | -0.3% |
| Intangible fixed assets | 21 | €133,229 | €196,810 | +€63,581 | +47.7% |
| Tangible fixed assets | 22/27 | €749,286 | €682,573 | -€66,713 | -8.9% |
| Land and buildings | 22 | €71,679 | €52,097 | -€19,582 | -27.3% |
| Plant, machinery and equipment | 23 | €304,952 | €258,523 | -€46,429 | -15.2% |
| Furniture and vehicles | 24 | €52,024 | €32,438 | -€19,586 | -37.6% |
| Leasing and similar rights | 25 | €23,058 | €17,333 | -€5,725 | -24.8% |
| Other tangible fixed assets | 26 | €297,574 | €322,183 | +€24,609 | +8.3% |
| Financial fixed assets | 28 | €103,997 | €103,997 | = | 0.0% |
| Other financial fixed assets | 284/8 | €103,997 | €103,997 | = | 0.0% |
| Shares | 284 | €99,810 | €99,810 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,188 | €4,188 | = | 0.0% |
| Current assets | 29/58 | €5,754,523 | €6,252,849 | +€498,326 | +8.7% |
| Stocks and contracts in progress | 3 | €3,027,751 | €3,408,140 | +€380,389 | +12.6% |
| Stocks | 30/36 | €3,027,751 | €3,408,140 | +€380,389 | +12.6% |
| Goods purchased for resale | 34 | €3,027,751 | €3,408,140 | +€380,389 | +12.6% |
| Amounts receivable within one year | 40/41 | €2,173,968 | €2,559,050 | +€385,082 | +17.7% |
| Trade receivables | 40 | €1,585,458 | €2,108,735 | +€523,277 | +33.0% |
| Other amounts receivable | 41 | €588,510 | €450,315 | -€138,195 | -23.5% |
| Cash at bank and in hand | 54/58 | €393,109 | €254,027 | -€139,082 | -35.4% |
| Deferred charges and accrued income | 490/1 | €159,695 | €31,633 | -€128,062 | -80.2% |
| Total equity and liabilities | 10/49 | €6,741,035 | €7,236,230 | +€495,194 | +7.3% |
| Equity | 10/15 | €2,797,212 | €2,795,720 | -€1,491 | -0.1% |
| Contributions | 10/11 | €259,743 | €259,743 | = | 0.0% |
| Capital | 10 | €259,743 | €259,743 | = | 0.0% |
| Issued capital | 100 | €259,743 | €259,743 | = | 0.0% |
| Reserves | 13 | €1,255,460 | €1,211,630 | -€43,830 | -3.5% |
| Non-distributable reserves | 130/1 | €25,975 | €25,975 | = | 0.0% |
| Legal reserve | 130 | €25,975 | €25,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,835 | €133,004 | -€43,830 | -24.8% |
| Distributable reserves | 133 | €1,052,650 | €1,052,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,226,788 | €1,271,531 | +€44,743 | +3.6% |
| Investment grants | 15 | €55,221 | €52,817 | -€2,403 | -4.4% |
| Provisions and deferred taxes | 16 | €48,203 | €33,593 | -€14,610 | -30.3% |
| Deferred taxes | 168 | €48,203 | €33,593 | -€14,610 | -30.3% |
| Amounts payable | 17/49 | €3,895,621 | €4,406,916 | +€511,296 | +13.1% |
| Amounts payable after more than one year | 17 | €70,101 | €46,195 | -€23,906 | -34.1% |
| Financial debts | 170/4 | €68,331 | €45,015 | -€23,316 | -34.1% |
| Leasing and similar obligations | 172 | €17,163 | €13,440 | -€3,723 | -21.7% |
| Credit institutions | 173 | €51,168 | €31,575 | -€19,593 | -38.3% |
| Other amounts payable | 178/9 | €1,770 | €1,180 | -€590 | -33.3% |
| Amounts payable within one year | 42/48 | €3,808,074 | €4,241,029 | +€432,954 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €79,693 | €23,906 | -€55,787 | -70.0% |
| Financial debts | 43 | €479,478 | €1,034,677 | +€555,199 | +115.8% |
| Credit institutions | 430/8 | €479,478 | €1,034,677 | +€555,199 | +115.8% |
| Trade debts | 44 | €2,903,909 | €2,188,177 | -€715,732 | -24.6% |
| Suppliers | 440/4 | €2,903,909 | €2,188,177 | -€715,732 | -24.6% |
| Taxes, remuneration and social security | 45 | €326,526 | €483,436 | +€156,910 | +48.1% |
| Taxes | 450/3 | €77,932 | €197,122 | +€119,189 | +152.9% |
| Remuneration and social security | 454/9 | €248,594 | €286,314 | +€37,720 | +15.2% |
| Other amounts payable | 47/48 | €18,469 | €510,833 | +€492,365 | +2666.0% |
| Accrued charges and deferred income | 492/3 | €17,446 | €119,693 | +€102,247 | +586.1% |
| Operating income | 70/76A | €18,639,168 | €19,223,989 | +€584,821 | +3.1% |
| Turnover | 70 | €18,551,620 | €19,132,558 | +€580,938 | +3.1% |
| Other operating income | 74 | €79,477 | €85,811 | +€6,334 | +8.0% |
| Non-recurring operating income | 76A | €8,071 | €5,620 | -€2,451 | -30.4% |
| Operating charges | 60/66A | €18,179,517 | €18,624,095 | +€444,578 | +2.4% |
| Goods for resale, raw materials and consumables | 60 | €12,884,139 | €13,047,703 | +€163,564 | +1.3% |
| Purchases | 600/8 | €13,256,036 | €13,373,692 | +€117,656 | +0.9% |
| Change in stocks: decrease (increase) | 609 | -€371,897 | -€325,989 | +€45,908 | +12.3% |
| Services and other goods | 61 | €2,292,050 | €2,479,405 | +€187,355 | +8.2% |
| Remuneration, social security and pensions | 62 | €2,702,563 | €2,683,241 | -€19,322 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,066 | €243,702 | +€5,635 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92,064 | -€1,547 | +€90,517 | +98.3% |
| Other operating charges | 640/8 | €46,887 | €44,459 | -€2,428 | -5.2% |
| Non-recurring operating charges | 66A | €107,876 | €127,132 | +€19,256 | +17.9% |
| Operating profit (loss) | 9901 | €459,651 | €599,894 | +€140,243 | +30.5% |
| Financial income | 75/76B | €167,832 | €170,505 | +€2,673 | +1.6% |
| Recurring financial income | 75 | €167,832 | €170,505 | +€2,673 | +1.6% |
| Income from financial fixed assets | 750 | €2,661 | - | -€2,661 | |
| Other financial income | 752/9 | €165,170 | €170,505 | +€5,335 | +3.2% |
| Financial charges | 65/66B | €204,239 | €177,401 | -€26,839 | -13.1% |
| Recurring financial charges | 65 | €204,239 | €177,401 | -€26,839 | -13.1% |
| Debt charges | 650 | €115,777 | €96,048 | -€19,730 | -17.0% |
| Other financial charges | 652/9 | €88,462 | €81,353 | -€7,109 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €423,243 | €592,998 | +€169,755 | +40.1% |
| Transfer from deferred taxes | 780 | €7,395 | €14,610 | +€7,215 | +97.6% |
| Income taxes | 67/77 | €126,012 | €179,696 | +€53,684 | +42.6% |
| Taxes | 670/3 | €126,200 | €179,800 | +€53,600 | +42.5% |
| Tax adjustments and reversals of tax provisions | 77 | €188 | €104 | -€84 | -44.5% |
| Profit (loss) for the period | 9904 | €304,626 | €427,912 | +€123,286 | +40.5% |
| Transfer from tax-exempt reserves | 789 | €2,465 | €43,830 | +€41,366 | +1678.3% |
| Profit (loss) for the period to be appropriated | 9905 | €307,091 | €471,743 | +€164,652 | +53.6% |
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 28 September 2026 via checked.be.