Dany Minne: 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.
Dany Minne
Largest movements
- Receivables within one year +€75,861
up €75,861 (+30.6%), from €248,282 to €324,143
of which Trade receivables: +€75,861
- Tangible fixed assets -€10,605
down €10,605 (-78.2%), from €13,553 to €2,948
- Reserves +€43,757
up €43,757 (+43.0%), from €101,659 to €145,416
- Tax, wage and social debts +€22,955
up €22,955 (+367%), from €6,256 to €29,211
- Current portion of long-term debt -€8,932
down €8,932 (-100%), from €8,932 to €0
- Accrued charges and deferred income +€8,080
new in 2025: €8,080
- Trade debts +€6,303
up €6,303 (+36.5%), from €17,256 to €23,558
- Financial charges +€7,892
up €7,892 (+2,188%), from €361 to €8,253
- Depreciation -€6,728
down €6,728 (-38.8%), from €17,333 to €10,605
- Taxes +€5,598
up €5,598 (+32.7%), from €17,130 to €22,728
- Gross operating margin +€5,459
up €5,459 (+6.8%), from €80,594 to €86,054
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 | €322,972 | €390,232 | +€67,260 | +20.8% |
| Fixed assets | 21/28 | €73,078 | €62,473 | -€10,605 | -14.5% |
| Tangible fixed assets | 22/27 | €13,553 | €2,948 | -€10,605 | -78.2% |
| Furniture and vehicles | 24 | €13,553 | €2,948 | -€10,605 | -78.2% |
| Financial fixed assets | 28 | €59,525 | €59,525 | = | 0.0% |
| Current assets | 29/58 | €249,894 | €327,759 | +€77,865 | +31.2% |
| Amounts receivable within one year | 40/41 | €248,282 | €324,143 | +€75,861 | +30.6% |
| Trade receivables | 40 | €240,898 | €316,759 | +€75,861 | +31.5% |
| Other amounts receivable | 41 | €7,384 | €7,384 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €736 | €2,590 | +€1,854 | +252% |
| Deferred charges and accrued income | 490/1 | €877 | €1,026 | +€149 | +17.1% |
| Total equity and liabilities | 10/49 | €322,972 | €390,232 | +€67,260 | +20.8% |
| Equity | 10/15 | €177,039 | €220,796 | +€43,757 | +24.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,659 | €145,416 | +€43,757 | +43.0% |
| Distributable reserves | 133 | €101,659 | €145,416 | +€43,757 | +43.0% |
| Profit (loss) carried forward | 14 | €62,980 | €62,980 | = | 0.0% |
| Amounts payable | 17/49 | €145,933 | €169,437 | +€23,503 | +16.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €145,933 | €161,356 | +€15,423 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €8,932 | €0 | -€8,932 | -100% |
| Trade debts | 44 | €17,256 | €23,558 | +€6,303 | +36.5% |
| Suppliers | 440/4 | €17,256 | €23,558 | +€6,303 | +36.5% |
| Taxes, remuneration and social security | 45 | €6,256 | €29,211 | +€22,955 | +367% |
| Taxes | 450/3 | €6,256 | €29,211 | +€22,955 | +367% |
| Other amounts payable | 47/48 | €113,490 | €108,587 | -€4,903 | -4.3% |
| Accrued charges and deferred income | 492/3 | - | €8,080 | +€8,080 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,333 | €10,605 | -€6,728 | -38.8% |
| Other operating charges | 640/8 | €625 | €711 | +€86 | +13.8% |
| Gross operating margin | 9900 | €80,594 | €86,054 | +€5,459 | +6.8% |
| Operating profit (loss) | 9901 | €62,637 | €74,737 | +€12,101 | +19.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €361 | €8,253 | +€7,892 | +2,188% |
| Recurring financial charges | 65 | €361 | €8,253 | +€7,892 | +2,188% |
| Profit (loss) for the period before taxes | 9903 | €62,276 | €66,485 | +€4,209 | +6.8% |
| Income taxes | 67/77 | €17,130 | €22,728 | +€5,598 | +32.7% |
| Profit (loss) for the period | 9904 | €45,146 | €43,757 | -€1,389 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,146 | €43,757 | -€1,389 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.