MINRO: 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.
MINRO
Largest movements
- Cash +€27,272
up €27,272 (+442.1%), from €6,169 to €33,440
mainly Accrued charges and deferred income (+€33,910) and Tax, wage and social debts (+€12,084)
- Receivables within one year +€19,919
up €19,919 (+545.0%), from €3,655 to €23,574
of which Trade receivables: +€19,780
- Tangible fixed assets +€2,876
up €2,876 (+99.5%), from €2,889 to €5,765
- Deferred charges and accrued income -€815
down €815 (-81.9%), from €995 to €180
- Accrued charges and deferred income +€33,910
up €33,910, from €0 to €33,910
- Tax, wage and social debts +€12,084
up €12,084 (+218.9%), from €5,519 to €17,604
- Reserves +€4,071
up €4,071 (+67.0%), from €6,079 to €10,150
- Trade debts -€814
down €814 (-73.3%), from €1,109 to €296
- Gross operating margin +€3,913
up €3,913 (+98.1%), from €3,988 to €7,901
- Taxes +€637
up €637 (+40.3%), from €1,583 to €2,220
- Depreciation +€511
up €511 (+122.3%), from €418 to €929
- Financial charges +€183
up €183 (+64.4%), from €284 to €467
- Financial income +€90
up €90 (+3386.0%), from €3 to €92
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 | €13,708 | €62,960 | +€49,251 | +359.3% |
| Fixed assets | 21/28 | €2,889 | €5,765 | +€2,876 | +99.5% |
| Tangible fixed assets | 22/27 | €2,889 | €5,765 | +€2,876 | +99.5% |
| Furniture and vehicles | 24 | €2,889 | €5,765 | +€2,876 | +99.5% |
| Current assets | 29/58 | €10,819 | €57,195 | +€46,376 | +428.7% |
| Amounts receivable within one year | 40/41 | €3,655 | €23,574 | +€19,919 | +545.0% |
| Trade receivables | 40 | €3,655 | €23,434 | +€19,780 | +541.2% |
| Other amounts receivable | 41 | - | €140 | +€140 | |
| Cash at bank and in hand | 54/58 | €6,169 | €33,440 | +€27,272 | +442.1% |
| Deferred charges and accrued income | 490/1 | €995 | €180 | -€815 | -81.9% |
| Total equity and liabilities | 10/49 | €13,708 | €62,960 | +€49,251 | +359.3% |
| Equity | 10/15 | €7,079 | €11,150 | +€4,071 | +57.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,079 | €10,150 | +€4,071 | +67.0% |
| Distributable reserves | 133 | €6,079 | €10,150 | +€4,071 | +67.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,629 | €51,809 | +€45,181 | +681.6% |
| Amounts payable within one year | 42/48 | €6,629 | €17,899 | +€11,271 | +170.0% |
| Trade debts | 44 | €1,109 | €296 | -€814 | -73.3% |
| Suppliers | 440/4 | €1,109 | €296 | -€814 | -73.3% |
| Taxes, remuneration and social security | 45 | €5,519 | €17,604 | +€12,084 | +218.9% |
| Taxes | 450/3 | €5,519 | €17,604 | +€12,084 | +218.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €33,910 | +€33,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €929 | +€511 | +122.3% |
| Other operating charges | 640/8 | €236 | €306 | +€70 | +29.5% |
| Gross operating margin | 9900 | €3,988 | €7,901 | +€3,913 | +98.1% |
| Operating profit (loss) | 9901 | €3,334 | €6,666 | +€3,332 | +99.9% |
| Financial income | 75/76B | €3 | €92 | +€90 | +3386.0% |
| Recurring financial income | 75 | €3 | €92 | +€90 | +3386.0% |
| Financial charges | 65/66B | €284 | €467 | +€183 | +64.4% |
| Recurring financial charges | 65 | €284 | €467 | +€183 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €3,052 | €6,291 | +€3,239 | +106.1% |
| Income taxes | 67/77 | €1,583 | €2,220 | +€637 | +40.3% |
| Profit (loss) for the period | 9904 | €1,469 | €4,071 | +€2,601 | +177.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,469 | €4,071 | +€2,601 | +177.1% |
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 29 September 2026 via checked.be.