MINIT: 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.
MINIT
Largest movements
- Receivables within one year -€165,659
down €165,659 (-2.9%), from €5.7m to €5.5m
of which Trade receivables: -€582,747
- Trade debts -€163,410
down €163,410 (-34.8%), from €469,962 to €306,551
- Profit (loss) carried forward +€161,223
up €161,223 (+8.1%), from €2.0m to €2.1m
- Tax, wage and social debts -€87,485
down €87,485 (-57.3%), from €152,589 to €65,104
of which Taxes: -€82,274
- Gross operating margin -€191,122
down €191,122 (-37.2%), from €514,127 to €323,005
- Turnover -€163,004
down €163,004 (-26.3%), from €619,316 to €456,312
- Purchases and services -€102,449
down €102,449 (-23.7%), from €432,188 to €329,739
- Write-downs -€79,637
down €79,637, from €14,864 to -€64,774
- Financial income -€35,221
down €35,221 (-20.8%), from €169,422 to €134,201
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,057,214 | €5,967,542 | -€89,672 | -1.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,923 | €75,133 | +€47,209 | +169.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €23,614 | €75,133 | +€51,518 | +218.2% |
| Plant, machinery and equipment | 23 | - | €69,376 | +€69,376 | |
| Furniture and vehicles | 24 | €80 | €5,756 | +€5,677 | +7134.3% |
| Assets under construction and advance payments | 27 | €23,535 | - | -€23,535 | |
| Financial fixed assets | 28 | €4,309 | €0 | -€4,309 | -100.0% |
| Current assets | 29/58 | €6,029,291 | €5,892,409 | -€136,881 | -2.3% |
| Stocks and contracts in progress | 3 | €360,685 | €389,828 | +€29,143 | +8.1% |
| Stocks | 30/36 | €360,685 | €389,828 | +€29,143 | +8.1% |
| Amounts receivable within one year | 40/41 | €5,668,240 | €5,502,581 | -€165,659 | -2.9% |
| Trade receivables | 40 | €913,508 | €330,761 | -€582,747 | -63.8% |
| Other amounts receivable | 41 | €4,754,733 | €5,171,821 | +€417,088 | +8.8% |
| Deferred charges and accrued income | 490/1 | €365 | - | -€365 | |
| Total equity and liabilities | 10/49 | €6,057,214 | €5,967,542 | -€89,672 | -1.5% |
| Equity | 10/15 | €5,434,663 | €5,595,886 | +€161,223 | +3.0% |
| Contributions | 10/11 | €1,735,255 | €1,735,255 | = | 0.0% |
| Capital | 10 | €1,735,255 | €1,735,255 | = | 0.0% |
| Issued capital | 100 | €1,735,255 | €1,735,255 | = | 0.0% |
| Reserves | 13 | €1,715,125 | €1,715,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,224 | €200,224 | = | 0.0% |
| Legal reserve | 130 | €173,525 | €173,525 | = | 0.0% |
| Other | 1319 | €26,698 | €26,698 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,514,901 | €1,514,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,984,284 | €2,145,507 | +€161,223 | +8.1% |
| Amounts payable | 17/49 | €622,551 | €371,656 | -€250,895 | -40.3% |
| Amounts payable within one year | 42/48 | €622,551 | €371,656 | -€250,895 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €469,962 | €306,551 | -€163,410 | -34.8% |
| Suppliers | 440/4 | €469,962 | €306,551 | -€163,410 | -34.8% |
| Taxes, remuneration and social security | 45 | €152,589 | €65,104 | -€87,485 | -57.3% |
| Taxes | 450/3 | €84,874 | €2,600 | -€82,274 | -96.9% |
| Remuneration and social security | 454/9 | €67,715 | €62,504 | -€5,211 | -7.7% |
| Turnover | 70 | €619,316 | €456,312 | -€163,004 | -26.3% |
| Non-recurring operating income | 76A | €20,834 | €400 | -€20,434 | -98.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €432,188 | €329,739 | -€102,449 | -23.7% |
| Remuneration, social security and pensions | 62 | €352,890 | €352,396 | -€494 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,876 | €4,377 | -€499 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,864 | -€64,774 | -€79,637 | |
| Other operating charges | 640/8 | €12,306 | €2,168 | -€10,137 | -82.4% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €514,127 | €323,005 | -€191,122 | -37.2% |
| Operating profit (loss) | 9901 | €129,191 | €28,836 | -€100,355 | -77.7% |
| Financial income | 75/76B | €169,422 | €134,201 | -€35,221 | -20.8% |
| Recurring financial income | 75 | €169,422 | €134,201 | -€35,221 | -20.8% |
| Financial charges | 65/66B | €1,540 | €1,633 | +€93 | +6.0% |
| Recurring financial charges | 65 | €1,540 | €1,633 | +€93 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €297,073 | €161,404 | -€135,669 | -45.7% |
| Income taxes | 67/77 | €188 | €181 | -€6 | -3.4% |
| Profit (loss) for the period | 9904 | €296,885 | €161,223 | -€135,662 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €296,885 | €161,223 | -€135,662 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.