MINTJENS: 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.
What changed
MINTJENS
NACE 47.632, Retail sale of bicycles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,561
2024 · €3,564-€4
Equity
€413,398
2024 · €409,837+€3,561
Cash
€90,301
2024 · €95,412-€5,111
Balance sheet total
€1.6m
2024 · €1.9m-€309,367
Largest movements
Assets
- Tangible fixed assets -€157,728
down €157,728 (-31.9%), from €495,050 to €337,322
of which Land and buildings: -€136,350
- Stocks and contracts -€135,554
down €135,554 (-11.5%), from €1.2m to €1.0m
Equity and liabilities
- Current portion of long-term debt -€163,636
down €163,636 (-78.3%), from €208,873 to €45,237
- Debts after one year -€87,737
down €87,737 (-26.5%), from €331,434 to €243,698
- Trade debts -€47,459
down €47,459 (-24.8%), from €191,246 to €143,788
Income statement
- Gross operating margin -€47,750
down €47,750 (-5.2%), from €922,333 to €874,583
- Depreciation -€23,704
down €23,704 (-14.5%), from €163,430 to €139,726
- Financial charges -€12,149
down €12,149 (-19.7%), from €61,607 to €49,459
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.
Result 2024
€3,564
Gross operating margin
-€47,750
Staff costs
+€5,141
Depreciation
+€23,704
Write-downs
-€1,041
Other operating charges
+€3,102
Other operating items
+€120
Financial income
+€7,106
Financial charges
+€12,149
Taxes
-€2,534
Result 2025
€3,561
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.
From operations
+€233,124
Investment
+€26,702
Financing
-€264,937
Cash 2024
€95,412
From operations (derived)
+€233,124
Net result for the year
+€3,561
Depreciation
+€139,726
Stocks and contracts
+€135,554
Receivables within one year
-€5,075
Deferred charges and accrued income
+€7,348
Trade debts
-€47,459
Tax, wage and social debts
-€6,286
Advances received
-€130
Other debts
+€10,171
Accrued charges and deferred income
-€4,286
Investment (derived)
+€26,702
Investment in fixed assets (net)
+€26,702
Financing
-€264,937
Debts after one year
-€87,737
Current portion of long-term debt
-€163,636
Short-term financial debts
-€13,565
Cash 2025
€90,301
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,911,753 | €1,602,386 | -€309,367 | -16.2% |
| Fixed assets | 21/28 | €518,450 | €352,022 | -€166,428 | -32.1% |
| Tangible fixed assets | 22/27 | €495,050 | €337,322 | -€157,728 | -31.9% |
| Land and buildings | 22 | €432,757 | €296,407 | -€136,350 | -31.5% |
| Plant, machinery and equipment | 23 | €5,460 | €2,674 | -€2,785 | -51.0% |
| Furniture and vehicles | 24 | €33,184 | €21,119 | -€12,065 | -36.4% |
| Other tangible fixed assets | 26 | €23,650 | €17,122 | -€6,528 | -27.6% |
| Financial fixed assets | 28 | €23,400 | €14,700 | -€8,700 | -37.2% |
| Current assets | 29/58 | €1,393,303 | €1,250,364 | -€142,939 | -10.3% |
| Stocks and contracts in progress | 3 | €1,183,469 | €1,047,915 | -€135,554 | -11.5% |
| Stocks | 30/36 | €1,183,469 | €1,047,915 | -€135,554 | -11.5% |
| Amounts receivable within one year | 40/41 | €15,311 | €20,386 | +€5,075 | +33.1% |
| Trade receivables | 40 | €107 | €20,386 | +€20,279 | +18888.8% |
| Other amounts receivable | 41 | €15,204 | €0 | -€15,204 | -100.0% |
| Current investments | 50/53 | €29,370 | €29,370 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,412 | €90,301 | -€5,111 | -5.4% |
| Deferred charges and accrued income | 490/1 | €69,740 | €62,392 | -€7,348 | -10.5% |
| Total equity and liabilities | 10/49 | €1,911,753 | €1,602,386 | -€309,367 | -16.2% |
| Equity | 10/15 | €409,837 | €413,398 | +€3,561 | +0.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €184,837 | €188,398 | +€3,561 | +1.9% |
| Distributable reserves | 133 | €184,837 | €188,398 | +€3,561 | +1.9% |
| Amounts payable | 17/49 | €1,501,916 | €1,188,988 | -€312,928 | -20.8% |
| Amounts payable after more than one year | 17 | €331,434 | €243,698 | -€87,737 | -26.5% |
| Financial debts | 170/4 | €331,434 | €243,698 | -€87,737 | -26.5% |
| Amounts payable within one year | 42/48 | €1,158,140 | €937,235 | -€220,905 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €208,873 | €45,237 | -€163,636 | -78.3% |
| Financial debts | 43 | €675,000 | €661,435 | -€13,565 | -2.0% |
| Credit institutions | 430/8 | €675,000 | €661,435 | -€13,565 | -2.0% |
| Trade debts | 44 | €191,246 | €143,788 | -€47,459 | -24.8% |
| Suppliers | 440/4 | €191,246 | €143,788 | -€47,459 | -24.8% |
| Advances received on contracts in progress | 46 | €5,510 | €5,379 | -€130 | -2.4% |
| Taxes, remuneration and social security | 45 | €77,446 | €71,160 | -€6,286 | -8.1% |
| Taxes | 450/3 | €21,169 | €13,983 | -€7,187 | -33.9% |
| Remuneration and social security | 454/9 | €56,277 | €57,177 | +€900 | +1.6% |
| Other amounts payable | 47/48 | €65 | €10,236 | +€10,171 | +15686.8% |
| Accrued charges and deferred income | 492/3 | €12,342 | €8,056 | -€4,286 | -34.7% |
| Non-recurring operating income | 76A | €349 | €19,012 | +€18,664 | +5355.5% |
| Remuneration, social security and pensions | 62 | €696,823 | €691,682 | -€5,141 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,430 | €139,726 | -€23,704 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,041 | €0 | +€1,041 | |
| Other operating charges | 640/8 | €8,544 | €5,443 | -€3,102 | -36.3% |
| Non-recurring operating charges | 66A | €120 | €0 | -€120 | -100.0% |
| Gross operating margin | 9900 | €922,333 | €874,583 | -€47,750 | -5.2% |
| Operating profit (loss) | 9901 | €54,456 | €37,732 | -€16,724 | -30.7% |
| Financial income | 75/76B | €13,850 | €20,956 | +€7,106 | +51.3% |
| Recurring financial income | 75 | €13,850 | €20,956 | +€7,106 | +51.3% |
| Financial charges | 65/66B | €61,607 | €49,459 | -€12,149 | -19.7% |
| Recurring financial charges | 65 | €61,607 | €49,459 | -€12,149 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €6,699 | €9,229 | +€2,531 | +37.8% |
| Income taxes | 67/77 | €3,134 | €5,669 | +€2,534 | +80.9% |
| Profit (loss) for the period | 9904 | €3,564 | €3,561 | -€4 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,564 | €3,561 | -€4 | -0.1% |
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.