MINT: 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.
MINT
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets +€89,352
up €89,352 (+54.7%), from €163,393 to €252,745
of which Plant, machinery and equipment: +€92,276
- Cash +€78,747
up €78,747 (+12.7%), from €619,951 to €698,697
mainly Net result for the year (+€285,088) and Current investments (+€250,000)
- Stocks and contracts -€65,616
down €65,616 (-22.5%), from €291,192 to €225,576
- Other debts -€259,622
down €259,622 (-54.8%), from €473,633 to €214,011
- Reserves +€71,078
up €71,078 (+8.6%), from €828,732 to €899,809
of which Distributable reserves: +€71,078
- Trade debts +€67,303
up €67,303 (+55.5%), from €121,179 to €188,481
- Debts after one year -€61,329
down €61,329 (-47.4%), from €129,396 to €68,067
- Tax, wage and social debts +€32,685
up €32,685 (+6.0%), from €547,897 to €580,582
of which Remuneration and social security: +€27,382
- Gross operating margin -€252,563
down €252,563 (-8.6%), from €2.9m to €2.7m
- Taxes -€68,977
down €68,977 (-38.0%), from €181,652 to €112,675
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 | €2,329,266 | €2,189,342 | -€139,925 | -6.0% |
| Fixed assets | 21/28 | €180,906 | €269,592 | +€88,686 | +49.0% |
| Intangible fixed assets | 21 | €1,029 | €259 | -€770 | -74.8% |
| Tangible fixed assets | 22/27 | €163,393 | €252,745 | +€89,352 | +54.7% |
| Plant, machinery and equipment | 23 | €43,413 | €135,689 | +€92,276 | +212.6% |
| Furniture and vehicles | 24 | €119,980 | €117,056 | -€2,924 | -2.4% |
| Financial fixed assets | 28 | €16,484 | €16,588 | +€103 | +0.6% |
| Current assets | 29/58 | €2,148,360 | €1,919,749 | -€228,611 | -10.6% |
| Stocks and contracts in progress | 3 | €291,192 | €225,576 | -€65,616 | -22.5% |
| Contracts in progress | 37 | €291,192 | €225,576 | -€65,616 | -22.5% |
| Amounts receivable within one year | 40/41 | €971,585 | €979,469 | +€7,884 | +0.8% |
| Trade receivables | 40 | €888,051 | €900,812 | +€12,761 | +1.4% |
| Other amounts receivable | 41 | €83,534 | €78,657 | -€4,877 | -5.8% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €619,951 | €698,697 | +€78,747 | +12.7% |
| Deferred charges and accrued income | 490/1 | €15,633 | €16,007 | +€374 | +2.4% |
| Total equity and liabilities | 10/49 | €2,329,266 | €2,189,342 | -€139,925 | -6.0% |
| Equity | 10/15 | €1,028,742 | €1,099,819 | +€71,078 | +6.9% |
| Contributions | 10/11 | €200,010 | €200,010 | = | 0.0% |
| Capital | 10 | €200,010 | €200,010 | = | 0.0% |
| Issued capital | 100 | €200,010 | €200,010 | = | 0.0% |
| Reserves | 13 | €828,732 | €899,809 | +€71,078 | +8.6% |
| Non-distributable reserves | 130/1 | €20,001 | €20,001 | = | 0.0% |
| Legal reserve | 130 | €20,001 | €20,001 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,038 | €1,038 | = | 0.0% |
| Distributable reserves | 133 | €807,692 | €878,770 | +€71,078 | +8.8% |
| Amounts payable | 17/49 | €1,300,525 | €1,089,522 | -€211,002 | -16.2% |
| Amounts payable after more than one year | 17 | €129,396 | €68,067 | -€61,329 | -47.4% |
| Financial debts | 170/4 | €129,396 | €68,067 | -€61,329 | -47.4% |
| Amounts payable within one year | 42/48 | €1,171,129 | €1,021,455 | -€149,674 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €28,421 | €38,381 | +€9,961 | +35.0% |
| Trade debts | 44 | €121,179 | €188,481 | +€67,303 | +55.5% |
| Suppliers | 440/4 | €121,179 | €188,481 | +€67,303 | +55.5% |
| Taxes, remuneration and social security | 45 | €547,897 | €580,582 | +€32,685 | +6.0% |
| Taxes | 450/3 | €209,224 | €214,527 | +€5,303 | +2.5% |
| Remuneration and social security | 454/9 | €338,673 | €366,055 | +€27,382 | +8.1% |
| Other amounts payable | 47/48 | €473,633 | €214,011 | -€259,622 | -54.8% |
| Non-recurring operating income | 76A | €2,337 | €13,399 | +€11,062 | +473.3% |
| Remuneration, social security and pensions | 62 | €2,170,488 | €2,179,602 | +€9,114 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,805 | €82,451 | +€5,646 | +7.4% |
| Other operating charges | 640/8 | €3,248 | €2,653 | -€596 | -18.3% |
| Gross operating margin | 9900 | €2,924,728 | €2,672,165 | -€252,563 | -8.6% |
| Operating profit (loss) | 9901 | €674,187 | €407,459 | -€266,728 | -39.6% |
| Financial income | 75/76B | €2,775 | €4,113 | +€1,337 | +48.2% |
| Recurring financial income | 75 | €2,775 | €4,113 | +€1,337 | +48.2% |
| Financial charges | 65/66B | €21,677 | €13,808 | -€7,869 | -36.3% |
| Recurring financial charges | 65 | €21,677 | €13,808 | -€7,869 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €655,285 | €397,764 | -€257,521 | -39.3% |
| Income taxes | 67/77 | €181,652 | €112,675 | -€68,977 | -38.0% |
| Profit (loss) for the period | 9904 | €473,633 | €285,088 | -€188,544 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €473,633 | €285,088 | -€188,544 | -39.8% |
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 7 October 2026 via checked.be.