MINTEN: 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.
MINTEN
Largest movements
- Cash -€10,452
down €10,452 (-15.3%), from €68,189 to €57,737
mainly Other debts (-€39,803) and Tax, wage and social debts (-€3,182)
- Intangible fixed assets -€8,575
down €8,575 (-14.2%), from €60,549 to €51,974
- Tangible fixed assets -€8,455
down €8,455 (-26.4%), from €32,049 to €23,593
of which Plant, machinery and equipment: -€4,544
- Deferred charges and accrued income +€2,263
up €2,263 (+293%), from €773 to €3,036
- Other debts -€39,803
down €39,803 (-64.7%), from €61,556 to €21,753
- Reserves +€19,136
up €19,136 (+22.2%), from €86,083 to €105,220
- Tax, wage and social debts -€3,182
down €3,182 (-13.2%), from €24,050 to €20,868
of which Remuneration and social security: -€5,834
- Gross operating margin -€55,157
down €55,157 (-27.1%), from €203,182 to €148,025
- Staff costs -€34,342
down €34,342 (-26.1%), from €131,723 to €97,380
- Taxes -€5,241
down €5,241 (-40.1%), from €13,073 to €7,832
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.
Derived cash bridge
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 | €177,450 | €152,241 | -€25,209 | -14.2% |
| Fixed assets | 21/28 | €92,597 | €75,568 | -€17,030 | -18.4% |
| Intangible fixed assets | 21 | €60,549 | €51,974 | -€8,575 | -14.2% |
| Tangible fixed assets | 22/27 | €32,049 | €23,593 | -€8,455 | -26.4% |
| Land and buildings | 22 | €5,116 | €4,382 | -€734 | -14.4% |
| Plant, machinery and equipment | 23 | €15,556 | €11,012 | -€4,544 | -29.2% |
| Furniture and vehicles | 24 | €11,377 | €8,200 | -€3,177 | -27.9% |
| Current assets | 29/58 | €84,852 | €76,673 | -€8,179 | -9.6% |
| Stocks and contracts in progress | 3 | €4,852 | €6,122 | +€1,270 | +26.2% |
| Stocks | 30/36 | €4,852 | €6,122 | +€1,270 | +26.2% |
| Amounts receivable within one year | 40/41 | €11,038 | €9,779 | -€1,260 | -11.4% |
| Trade receivables | 40 | €2,741 | €728 | -€2,013 | -73.5% |
| Other amounts receivable | 41 | €8,298 | €9,051 | +€753 | +9.1% |
| Cash at bank and in hand | 54/58 | €68,189 | €57,737 | -€10,452 | -15.3% |
| Deferred charges and accrued income | 490/1 | €773 | €3,036 | +€2,263 | +293% |
| Total equity and liabilities | 10/49 | €177,450 | €152,241 | -€25,209 | -14.2% |
| Equity | 10/15 | €76,566 | €95,702 | +€19,136 | +25.0% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €86,083 | €105,220 | +€19,136 | +22.2% |
| Distributable reserves | 133 | €86,083 | €105,220 | +€19,136 | +22.2% |
| Profit (loss) carried forward | 14 | -€23,217 | -€23,217 | = | 0.0% |
| Amounts payable | 17/49 | €100,884 | €56,538 | -€44,345 | -44.0% |
| Amounts payable within one year | 42/48 | €100,884 | €56,538 | -€44,345 | -44.0% |
| Trade debts | 44 | €15,278 | €13,917 | -€1,360 | -8.9% |
| Suppliers | 440/4 | €15,278 | €13,917 | -€1,360 | -8.9% |
| Taxes, remuneration and social security | 45 | €24,050 | €20,868 | -€3,182 | -13.2% |
| Taxes | 450/3 | €15,416 | €18,068 | +€2,652 | +17.2% |
| Remuneration and social security | 454/9 | €8,634 | €2,800 | -€5,834 | -67.6% |
| Other amounts payable | 47/48 | €61,556 | €21,753 | -€39,803 | -64.7% |
| Non-recurring operating income | 76A | €203,182 | - | -€203,182 | |
| Remuneration, social security and pensions | 62 | €131,723 | €97,380 | -€34,342 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,468 | €17,030 | -€438 | -2.5% |
| Other operating charges | 640/8 | €1,967 | €1,803 | -€164 | -8.3% |
| Gross operating margin | 9900 | €203,182 | €148,025 | -€55,157 | -27.1% |
| Operating profit (loss) | 9901 | €52,025 | €31,812 | -€20,212 | -38.9% |
| Financial income | 75/76B | €23 | €3 | -€21 | -89.3% |
| Recurring financial income | 75 | €23 | €3 | -€21 | -89.3% |
| Financial charges | 65/66B | €5,276 | €4,846 | -€430 | -8.1% |
| Recurring financial charges | 65 | €5,276 | €4,846 | -€430 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €46,772 | €26,969 | -€19,804 | -42.3% |
| Income taxes | 67/77 | €13,073 | €7,832 | -€5,241 | -40.1% |
| Profit (loss) for the period | 9904 | €33,699 | €19,136 | -€14,563 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,699 | €19,136 | -€14,563 | -43.2% |
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 15 October 2026 via checked.be.