DR MINTEN NATHALIE: what changed
DR MINTEN NATHALIE
Largest movements
- Cash +€494,252
up €494,252 (+316%), from €156,589 to €650,841
mainly Current investments (+€400,000) and Net result for the year (+€69,817)
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Deferred charges and accrued income -€43,175
down €43,175 (-88.5%), from €48,800 to €5,625
- Receivables within one year +€18,131
up €18,131 (+241%), from €7,530 to €25,661
of which Other amounts receivable: +€18,131
- Tangible fixed assets -€16,707
down €16,707 (-6.1%), from €272,642 to €255,935
of which Furniture and vehicles: -€14,219
- Reserves +€69,817
up €69,817 (+9.0%), from €777,977 to €847,794
- Other debts -€14,198
down €14,198 (-18.3%), from €77,392 to €63,194
- Gross operating margin -€47,250
down €47,250 (-20.1%), from €234,647 to €187,397
- Taxes -€11,391
down €11,391 (-29.2%), from €39,071 to €27,680
- Financial charges -€7,201
down €7,201 (-55.3%), from €13,023 to €5,823
- Financial income +€4,171
up €4,171 (+211%), from €1,975 to €6,146
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 | €885,561 | €938,062 | +€52,501 | +5.9% |
| Fixed assets | 21/28 | €272,642 | €255,935 | -€16,707 | -6.1% |
| Tangible fixed assets | 22/27 | €272,642 | €255,935 | -€16,707 | -6.1% |
| Land and buildings | 22 | €165,433 | €160,435 | -€4,998 | -3.0% |
| Plant, machinery and equipment | 23 | €18,725 | €21,235 | +€2,510 | +13.4% |
| Furniture and vehicles | 24 | €88,484 | €74,265 | -€14,219 | -16.1% |
| Current assets | 29/58 | €612,919 | €682,127 | +€69,208 | +11.3% |
| Amounts receivable within one year | 40/41 | €7,530 | €25,661 | +€18,131 | +241% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,530 | €25,661 | +€18,131 | +241% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €156,589 | €650,841 | +€494,252 | +316% |
| Deferred charges and accrued income | 490/1 | €48,800 | €5,625 | -€43,175 | -88.5% |
| Total equity and liabilities | 10/49 | €885,561 | €938,062 | +€52,501 | +5.9% |
| Equity | 10/15 | €790,377 | €860,194 | +€69,817 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €777,977 | €847,794 | +€69,817 | +9.0% |
| Distributable reserves | 133 | €777,977 | €847,794 | +€69,817 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €95,184 | €77,868 | -€17,316 | -18.2% |
| Amounts payable within one year | 42/48 | €95,184 | €77,868 | -€17,316 | -18.2% |
| Trade debts | 44 | €7,567 | €2,067 | -€5,500 | -72.7% |
| Suppliers | 440/4 | €7,567 | €2,067 | -€5,500 | -72.7% |
| Taxes, remuneration and social security | 45 | €10,225 | €12,608 | +€2,382 | +23.3% |
| Taxes | 450/3 | €3,525 | €4,378 | +€853 | +24.2% |
| Remuneration and social security | 454/9 | €6,700 | €8,229 | +€1,529 | +22.8% |
| Other amounts payable | 47/48 | €77,392 | €63,194 | -€14,198 | -18.3% |
| Remuneration, social security and pensions | 62 | €62,166 | €61,414 | -€751 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,289 | €25,883 | +€595 | +2.4% |
| Other operating charges | 640/8 | €3,056 | €2,926 | -€130 | -4.3% |
| Gross operating margin | 9900 | €234,647 | €187,397 | -€47,250 | -20.1% |
| Operating profit (loss) | 9901 | €144,137 | €97,174 | -€46,963 | -32.6% |
| Financial income | 75/76B | €1,975 | €6,146 | +€4,171 | +211% |
| Recurring financial income | 75 | €1,975 | €6,146 | +€4,171 | +211% |
| Financial charges | 65/66B | €13,023 | €5,823 | -€7,201 | -55.3% |
| Recurring financial charges | 65 | €13,023 | €5,823 | -€7,201 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €133,089 | €97,497 | -€35,592 | -26.7% |
| Income taxes | 67/77 | €39,071 | €27,680 | -€11,391 | -29.2% |
| Profit (loss) for the period | 9904 | €94,017 | €69,817 | -€24,201 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,017 | €69,817 | -€24,201 | -25.7% |
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 2 November 2026 via checked.be.