S.MINI-MALL: 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.
S.MINI-MALL
Largest movements
- Tangible fixed assets +€483,392
up €483,392 (+3,546%), from €13,631 to €497,023
of which Land and buildings: +€492,304
- Debts after one year +€523,003
up €523,003 (+441%), from €118,699 to €641,702
- Profit (loss) carried forward -€21,950
down €21,950 (-13.8%), from -€158,907 to -€180,858
- Other debts -€19,915
down €19,915 (-76.3%), from €26,115 to €6,200
- Current portion of long-term debt +€14,646
up €14,646 (+952%), from €1,539 to €16,186
- Trade debts -€8,260
down €8,260 (-25.8%), from €31,998 to €23,738
- Gross operating margin +€4,679
up €4,679 (+74.7%), from -€6,261 to -€1,582
- Financial charges -€3,796
down €3,796 (-33.5%), from €11,345 to €7,549
of which Non-recurring financial charges: -€7,425
- Depreciation +€2,283
up €2,283 (+27.5%), from €8,289 to €10,572
- Other operating charges -€1,266
down €1,266 (-46.7%), from €2,712 to €1,445
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 | €64,351 | €549,011 | +€484,660 | +753% |
| Fixed assets | 21/28 | €13,656 | €497,048 | +€483,392 | +3,540% |
| Tangible fixed assets | 22/27 | €13,631 | €497,023 | +€483,392 | +3,546% |
| Land and buildings | 22 | - | €492,304 | +€492,304 | |
| Plant, machinery and equipment | 23 | €146 | - | -€146 | |
| Other tangible fixed assets | 26 | €13,485 | €4,719 | -€8,767 | -65.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €50,695 | €51,963 | +€1,268 | +2.5% |
| Amounts receivable within one year | 40/41 | €49,522 | €48,185 | -€1,337 | -2.7% |
| Trade receivables | 40 | €26,638 | €29,347 | +€2,709 | +10.2% |
| Other amounts receivable | 41 | €22,884 | €18,838 | -€4,046 | -17.7% |
| Cash at bank and in hand | 54/58 | €403 | €2,967 | +€2,563 | +635% |
| Deferred charges and accrued income | 490/1 | €770 | €811 | +€42 | +5.4% |
| Total equity and liabilities | 10/49 | €64,351 | €549,011 | +€484,660 | +753% |
| Equity | 10/15 | -€116,863 | -€138,814 | -€21,950 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,444 | €23,444 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,584 | €21,584 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,907 | -€180,858 | -€21,950 | -13.8% |
| Amounts payable | 17/49 | €181,214 | €687,825 | +€506,610 | +280% |
| Amounts payable after more than one year | 17 | €118,699 | €641,702 | +€523,003 | +441% |
| Financial debts | 170/4 | €118,699 | €641,702 | +€523,003 | +441% |
| Amounts payable within one year | 42/48 | €61,153 | €46,123 | -€15,030 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €1,539 | €16,186 | +€14,646 | +952% |
| Trade debts | 44 | €31,998 | €23,738 | -€8,260 | -25.8% |
| Suppliers | 440/4 | €31,998 | €23,738 | -€8,260 | -25.8% |
| Taxes, remuneration and social security | 45 | €1,501 | - | -€1,501 | |
| Taxes | 450/3 | €1,501 | - | -€1,501 | |
| Other amounts payable | 47/48 | €26,115 | €6,200 | -€19,915 | -76.3% |
| Accrued charges and deferred income | 492/3 | €1,363 | - | -€1,363 | |
| Non-recurring operating income | 76A | €19,058 | €9,834 | -€9,224 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €10,572 | +€2,283 | +27.5% |
| Other operating charges | 640/8 | €2,712 | €1,445 | -€1,266 | -46.7% |
| Non-recurring operating charges | 66A | €1,448 | €848 | -€600 | -41.4% |
| Gross operating margin | 9900 | -€6,261 | -€1,582 | +€4,679 | +74.7% |
| Operating profit (loss) | 9901 | -€18,710 | -€14,448 | +€4,263 | +22.8% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €11,345 | €7,549 | -€3,796 | -33.5% |
| Recurring financial charges | 65 | €1,757 | €5,386 | +€3,629 | +207% |
| Non-recurring financial charges | 66B | €9,588 | €2,163 | -€7,425 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,055 | -€21,950 | +€8,105 | +27.0% |
| Profit (loss) for the period | 9904 | -€30,055 | -€21,950 | +€8,105 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,055 | -€21,950 | +€8,105 | +27.0% |
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 18 October 2026 via checked.be.