MintT: 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.
MintT
Largest movements
- Cash -€1.4m
down €1.4m (-99.1%), from €1.4m to €13,094
mainly Net result for the year (-€1.7m) and Current portion of long-term debt (-€682,603)
- Tangible fixed assets -€226,505
down €226,505 (-42.2%), from €536,636 to €310,131
of which Leasing and similar rights: -€175,878
- Receivables within one year -€217,580
down €217,580 (-33.9%), from €642,737 to €425,157
of which Trade receivables: -€124,266
- Profit (loss) carried forward -€1.7m
down €1.7m (-21.8%), from -€7.8m to -€9.5m
- Current portion of long-term debt -€682,603
no longer reported in 2024 (was €682,603)
- Trade debts +€334,504
up €334,504 (+261.6%), from €127,879 to €462,384
- Debts after one year +€317,645
up €317,645 (+25.0%), from €1.3m to €1.6m
- Other debts +€142,699
new in 2024: €142,699
- Gross operating margin +€705,268
up €705,268 (+73.8%), from -€956,078 to -€250,810
- Staff costs -€417,467
down €417,467 (-31.0%), from €1.3m to €930,149
- Financial income -€137,690
down €137,690 (-52.4%), from €262,744 to €125,054
- Depreciation +€68,126
up €68,126 (+14.1%), from €482,593 to €550,719
- Financial charges -€23,497
down €23,497 (-20.7%), from €113,599 to €90,102
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,799,447 | €1,983,759 | -€1.8m | -47.8% |
| Fixed assets | 21/28 | €1,495,171 | €1,278,045 | -€217,126 | -14.5% |
| Intangible fixed assets | 21 | €950,766 | €960,144 | +€9,379 | +1.0% |
| Tangible fixed assets | 22/27 | €536,636 | €310,131 | -€226,505 | -42.2% |
| Plant, machinery and equipment | 23 | €153 | €89 | -€64 | -41.6% |
| Furniture and vehicles | 24 | €97,576 | €49,601 | -€47,975 | -49.2% |
| Leasing and similar rights | 25 | €417,874 | €241,995 | -€175,878 | -42.1% |
| Other tangible fixed assets | 26 | €21,033 | €18,446 | -€2,587 | -12.3% |
| Financial fixed assets | 28 | €7,770 | €7,770 | = | 0.0% |
| Current assets | 29/58 | €2,304,275 | €705,713 | -€1.6m | -69.4% |
| Stocks and contracts in progress | 3 | €237,271 | €252,732 | +€15,461 | +6.5% |
| Stocks | 30/36 | €237,271 | €252,732 | +€15,461 | +6.5% |
| Amounts receivable within one year | 40/41 | €642,737 | €425,157 | -€217,580 | -33.9% |
| Trade receivables | 40 | €353,566 | €229,300 | -€124,266 | -35.1% |
| Other amounts receivable | 41 | €289,171 | €195,857 | -€93,314 | -32.3% |
| Cash at bank and in hand | 54/58 | €1,391,915 | €13,094 | -€1.4m | -99.1% |
| Deferred charges and accrued income | 490/1 | €32,352 | €14,730 | -€17,622 | -54.5% |
| Total equity and liabilities | 10/49 | €3,799,447 | €1,983,759 | -€1.8m | -47.8% |
| Equity | 10/15 | €877,574 | -€937,932 | -€1.8m | |
| Contributions | 10/11 | €8,142,513 | €8,142,513 | = | 0.0% |
| Capital | 10 | €5,240,844 | €5,240,844 | = | 0.0% |
| Issued capital | 100 | €5,240,844 | €5,240,844 | = | 0.0% |
| Outside capital | 11 | €2,901,669 | €2,901,669 | = | 0.0% |
| Share premium | 1100/10 | €2,901,669 | €2,901,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,763,243 | -€9,454,173 | -€1.7m | -21.8% |
| Investment grants | 15 | €498,304 | €373,728 | -€124,576 | -25.0% |
| Amounts payable | 17/49 | €2,921,872 | €2,921,690 | -€182 | 0.0% |
| Amounts payable after more than one year | 17 | €1,268,528 | €1,586,172 | +€317,645 | +25.0% |
| Financial debts | 170/4 | €1,268,528 | €1,586,172 | +€317,645 | +25.0% |
| Amounts payable within one year | 42/48 | €947,137 | €708,516 | -€238,621 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €682,603 | - | -€682,603 | |
| Trade debts | 44 | €127,879 | €462,384 | +€334,504 | +261.6% |
| Suppliers | 440/4 | €127,879 | €462,384 | +€334,504 | +261.6% |
| Taxes, remuneration and social security | 45 | €136,655 | €103,433 | -€33,221 | -24.3% |
| Taxes | 450/3 | €48,322 | €12,177 | -€36,145 | -74.8% |
| Remuneration and social security | 454/9 | €88,333 | €91,256 | +€2,923 | +3.3% |
| Other amounts payable | 47/48 | - | €142,699 | +€142,699 | |
| Accrued charges and deferred income | 492/3 | €706,208 | €627,002 | -€79,206 | -11.2% |
| Remuneration, social security and pensions | 62 | €1,347,616 | €930,149 | -€417,467 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482,593 | €550,719 | +€68,126 | +14.1% |
| Other operating charges | 640/8 | €4,409 | €5,948 | +€1,539 | +34.9% |
| Gross operating margin | 9900 | -€956,078 | -€250,810 | +€705,268 | +73.8% |
| Operating profit (loss) | 9901 | -€2,790,697 | -€1,737,626 | +€1.1m | +37.7% |
| Financial income | 75/76B | €262,744 | €125,054 | -€137,690 | -52.4% |
| Recurring financial income | 75 | €262,744 | €125,054 | -€137,690 | -52.4% |
| Financial charges | 65/66B | €113,599 | €90,102 | -€23,497 | -20.7% |
| Recurring financial charges | 65 | €113,599 | €90,102 | -€23,497 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,641,552 | -€1,702,675 | +€938,877 | +35.5% |
| Income taxes | 67/77 | -€12,312 | -€11,745 | +€567 | +4.6% |
| Profit (loss) for the period | 9904 | -€2,629,240 | -€1,690,930 | +€938,310 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,629,240 | -€1,690,930 | +€938,310 | +35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.