DR. LEEN MINNE: what changed
DR. LEEN MINNE
Largest movements
- Cash -€105,764
down €105,764 (-74.6%), from €141,782 to €36,019
mainly Contributions, distributions and other (-€227,110) and Debts after one year (-€15,628)
- Tangible fixed assets -€23,993
down €23,993 (-30.4%), from €78,984 to €54,992
of which Furniture and vehicles: -€21,769
- Receivables within one year -€11,955
down €11,955 (-3.8%), from €311,037 to €299,082
of which Other amounts receivable: -€9,607
- Reserves -€128,352
down €128,352 (-18.9%), from €678,745 to €550,392
of which Distributable reserves: -€128,352
- Debts after one year -€15,628
down €15,628 (-66.0%), from €23,674 to €8,046
- Trade debts -€9,740
down €9,740 (-64.3%), from €15,149 to €5,409
- Tax, wage and social debts +€8,363
up €8,363 (+120%), from €6,986 to €15,349
of which Taxes: +€8,358
- Gross operating margin -€101,048
down €101,048 (-39.5%), from €256,029 to €154,981
- Taxes -€18,859
down €18,859 (-28.3%), from €66,711 to €47,852
- Financial income +€16,033
up €16,033 (+229%), from €6,986 to €23,019
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €739,684 | €595,964 | -€143,721 | -19.4% |
| Fixed assets | 21/28 | €78,984 | €54,992 | -€23,993 | -30.4% |
| Tangible fixed assets | 22/27 | €78,984 | €54,992 | -€23,993 | -30.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,333 | €2,308 | -€25 | -1.1% |
| Furniture and vehicles | 24 | €55,124 | €33,355 | -€21,769 | -39.5% |
| Other tangible fixed assets | 26 | €21,528 | €19,329 | -€2,199 | -10.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €660,700 | €540,972 | -€119,728 | -18.1% |
| Amounts receivable within one year | 40/41 | €311,037 | €299,082 | -€11,955 | -3.8% |
| Trade receivables | 40 | €2,348 | €0 | -€2,348 | -100% |
| Other amounts receivable | 41 | €308,689 | €299,082 | -€9,607 | -3.1% |
| Current investments | 50/53 | €199,975 | €199,975 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €141,782 | €36,019 | -€105,764 | -74.6% |
| Deferred charges and accrued income | 490/1 | €7,906 | €5,897 | -€2,009 | -25.4% |
| Total equity and liabilities | 10/49 | €739,684 | €595,964 | -€143,721 | -19.4% |
| Equity | 10/15 | €678,845 | €550,492 | -€128,352 | -18.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €678,745 | €550,392 | -€128,352 | -18.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €678,745 | €550,392 | -€128,352 | -18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,840 | €45,471 | -€15,368 | -25.3% |
| Amounts payable after more than one year | 17 | €23,674 | €8,046 | -€15,628 | -66.0% |
| Financial debts | 170/4 | €23,674 | €8,046 | -€15,628 | -66.0% |
| Amounts payable within one year | 42/48 | €37,166 | €36,387 | -€779 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,030 | €15,628 | +€598 | +4.0% |
| Trade debts | 44 | €15,149 | €5,409 | -€9,740 | -64.3% |
| Suppliers | 440/4 | €15,149 | €5,409 | -€9,740 | -64.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,986 | €15,349 | +€8,363 | +120% |
| Taxes | 450/3 | €6,332 | €14,690 | +€8,358 | +132% |
| Remuneration and social security | 454/9 | €654 | €659 | +€6 | +0.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,039 | +€1,039 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,572 | €26,352 | -€2,221 | -7.8% |
| Other operating charges | 640/8 | €4,944 | €3,399 | -€1,546 | -31.3% |
| Gross operating margin | 9900 | €256,029 | €154,981 | -€101,048 | -39.5% |
| Operating profit (loss) | 9901 | €222,512 | €125,231 | -€97,282 | -43.7% |
| Financial income | 75/76B | €6,986 | €23,019 | +€16,033 | +229% |
| Recurring financial income | 75 | €6,986 | €23,019 | +€16,033 | +229% |
| Financial charges | 65/66B | €2,136 | €1,641 | -€495 | -23.2% |
| Recurring financial charges | 65 | €2,136 | €1,641 | -€495 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €227,363 | €146,609 | -€80,753 | -35.5% |
| Income taxes | 67/77 | €66,711 | €47,852 | -€18,859 | -28.3% |
| Profit (loss) for the period | 9904 | €160,651 | €98,757 | -€61,894 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €160,651 | €98,757 | -€61,894 | -38.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.