MINO GROUP: 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.
MINO GROUP
Largest movements
- Tangible fixed assets +€23,371
up €23,371 (+73.6%), from €31,756 to €55,127
- Receivables within one year -€12,025
down €12,025 (-39.9%), from €30,101 to €18,076
of which Trade receivables: -€11,383
- Cash -€8,939
down €8,939 (-43.0%), from €20,777 to €11,839
mainly Investment in fixed assets (net) (-€34,112) and Contributions, distributions and other (-€33,204)
- Deferred charges and accrued income +€1,899
up €1,899, from €0 to €1,899
- Profit (loss) carried forward +€6,558
up €6,558 (+19.7%), from €33,204 to €39,761
- Debts after one year -€3,498
down €3,498 (-13.6%), from €25,772 to €22,274
- Trade debts +€1,345
up €1,345 (+14.5%), from €9,265 to €10,609
- Tax, wage and social debts +€974
up €974 (+9.5%), from €10,298 to €11,271
of which Remuneration and social security: +€2,552
- Gross operating margin +€75,992
up €75,992 (+286.3%), from €26,541 to €102,534
- Staff costs +€22,242
up €22,242 (+138.0%), from €16,121 to €38,363
- Taxes +€9,440
up €9,440 (+1215.9%), from €776 to €10,216
- Depreciation +€5,628
up €5,628 (+110.1%), from €5,113 to €10,741
- Financial charges +€1,804
up €1,804 (+57.3%), from €3,150 to €4,954
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 | €87,991 | €92,414 | +€4,423 | +5.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €36,133 | €59,503 | +€23,371 | +64.7% |
| Tangible fixed assets | 22/27 | €31,756 | €55,127 | +€23,371 | +73.6% |
| Plant, machinery and equipment | 23 | €6,206 | €12,628 | +€6,422 | +103.5% |
| Furniture and vehicles | 24 | €7,759 | €12,022 | +€4,262 | +54.9% |
| Other tangible fixed assets | 26 | €17,791 | €27,478 | +€9,686 | +54.4% |
| Assets under construction and advance payments | 27 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | €4,376 | €4,376 | = | 0.0% |
| Current assets | 29/58 | €51,858 | €32,911 | -€18,948 | -36.5% |
| Stocks and contracts in progress | 3 | €980 | €1,097 | +€117 | +11.9% |
| Stocks | 30/36 | €980 | €1,097 | +€117 | +11.9% |
| Amounts receivable within one year | 40/41 | €30,101 | €18,076 | -€12,025 | -39.9% |
| Trade receivables | 40 | €11,383 | - | -€11,383 | |
| Other amounts receivable | 41 | €18,718 | €18,076 | -€642 | -3.4% |
| Cash at bank and in hand | 54/58 | €20,777 | €11,839 | -€8,939 | -43.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,899 | +€1,899 | |
| Total equity and liabilities | 10/49 | €87,991 | €92,414 | +€4,423 | +5.0% |
| Equity | 10/15 | €38,204 | €44,761 | +€6,558 | +17.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,204 | €39,761 | +€6,558 | +19.7% |
| Amounts payable | 17/49 | €49,787 | €47,653 | -€2,135 | -4.3% |
| Amounts payable after more than one year | 17 | €25,772 | €22,274 | -€3,498 | -13.6% |
| Other amounts payable | 178/9 | €25,772 | €22,274 | -€3,498 | -13.6% |
| Amounts payable within one year | 42/48 | €23,790 | €25,379 | +€1,588 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €4,228 | €3,498 | -€730 | -17.3% |
| Trade debts | 44 | €9,265 | €10,609 | +€1,345 | +14.5% |
| Suppliers | 440/4 | €9,265 | €10,609 | +€1,345 | +14.5% |
| Taxes, remuneration and social security | 45 | €10,298 | €11,271 | +€974 | +9.5% |
| Taxes | 450/3 | €7,970 | €6,391 | -€1,579 | -19.8% |
| Remuneration and social security | 454/9 | €2,327 | €4,880 | +€2,552 | +109.7% |
| Accrued charges and deferred income | 492/3 | €225 | - | -€225 | |
| Remuneration, social security and pensions | 62 | €16,121 | €38,363 | +€22,242 | +138.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,113 | €10,741 | +€5,628 | +110.1% |
| Other operating charges | 640/8 | €185 | €655 | +€470 | +254.5% |
| Gross operating margin | 9900 | €26,541 | €102,534 | +€75,992 | +286.3% |
| Operating profit (loss) | 9901 | €5,123 | €52,775 | +€47,653 | +930.2% |
| Financial income | 75/76B | €2,194 | €2,156 | -€38 | -1.7% |
| Recurring financial income | 75 | €2,194 | €2,156 | -€38 | -1.7% |
| Financial charges | 65/66B | €3,150 | €4,954 | +€1,804 | +57.3% |
| Recurring financial charges | 65 | €3,150 | €4,954 | +€1,804 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €4,167 | €49,977 | +€45,810 | +1099.3% |
| Income taxes | 67/77 | €776 | €10,216 | +€9,440 | +1215.9% |
| Profit (loss) for the period | 9904 | €3,391 | €39,761 | +€36,370 | +1072.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,391 | €39,761 | +€36,370 | +1072.6% |
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 9 October 2026 via checked.be.