Immo Minnaert & C°: 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.
Immo Minnaert & C°
Largest movements
- Tangible fixed assets -€214,712
down €214,712 (-92.8%), from €231,275 to €16,563
of which Land and buildings: -€213,616
- Receivables within one year +€33,973
up €33,973 (+199%), from €17,060 to €51,032
of which Other amounts receivable: +€44,639
- Debts after one year -€61,966
no longer reported in 2024 (was €61,966)
- Trade debts -€33,311
down €33,311 (-65.5%), from €50,830 to €17,519
- Tax, wage and social debts -€25,785
down €25,785 (-86.8%), from €29,691 to €3,906
of which Taxes: -€25,785
- Profit (loss) carried forward -€22,497
new in 2024: -€22,497
- Other debts -€18,049
down €18,049 (-64.3%), from €28,049 to €10,000
- Depreciation -€8,065
down €8,065 (-76.8%), from €10,507 to €2,443
- Staff costs -€6,826
no longer reported in 2024 (was €6,826)
- Other operating charges -€4,842
down €4,842 (-61.8%), from €7,838 to €2,996
- Gross operating margin +€2,812
up €2,812 (+32.2%), from €8,739 to €11,551
- Financial income -€1,811
down €1,811 (-63.3%), from €2,864 to €1,052
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.
Derived cash bridge
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 | €260,211 | €78,314 | -€181,897 | -69.9% |
| Fixed assets | 21/28 | €231,275 | €16,563 | -€214,712 | -92.8% |
| Tangible fixed assets | 22/27 | €231,275 | €16,563 | -€214,712 | -92.8% |
| Land and buildings | 22 | €213,616 | - | -€213,616 | |
| Plant, machinery and equipment | 23 | €1,295 | €51 | -€1,245 | -96.1% |
| Furniture and vehicles | 24 | €16,363 | €16,512 | +€149 | +0.9% |
| Current assets | 29/58 | €28,936 | €61,751 | +€32,815 | +113% |
| Stocks and contracts in progress | 3 | €9,821 | €9,942 | +€121 | +1.2% |
| Stocks | 30/36 | €9,821 | €9,942 | +€121 | +1.2% |
| Amounts receivable within one year | 40/41 | €17,060 | €51,032 | +€33,973 | +199% |
| Trade receivables | 40 | €17,060 | €6,394 | -€10,666 | -62.5% |
| Other amounts receivable | 41 | €0 | €44,639 | +€44,639 | |
| Current investments | 50/53 | - | €39 | +€39 | |
| Cash at bank and in hand | 54/58 | €1,407 | - | -€1,407 | |
| Deferred charges and accrued income | 490/1 | €649 | €738 | +€89 | +13.7% |
| Total equity and liabilities | 10/49 | €260,211 | €78,314 | -€181,897 | -69.9% |
| Equity | 10/15 | €77,010 | €43,960 | -€33,050 | -42.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €42,960 | €32,407 | -€10,553 | -24.6% |
| Distributable reserves | 133 | €42,960 | €32,407 | -€10,553 | -24.6% |
| Profit (loss) carried forward | 14 | - | -€22,497 | -€22,497 | |
| Amounts payable | 17/49 | €183,201 | €34,354 | -€148,847 | -81.2% |
| Amounts payable after more than one year | 17 | €61,966 | - | -€61,966 | |
| Financial debts | 170/4 | €61,966 | - | -€61,966 | |
| Amounts payable within one year | 42/48 | €121,235 | €34,354 | -€86,881 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €12,667 | - | -€12,667 | |
| Financial debts | 43 | - | €2,930 | +€2,930 | |
| Credit institutions | 430/8 | - | €2,930 | +€2,930 | |
| Trade debts | 44 | €50,830 | €17,519 | -€33,311 | -65.5% |
| Suppliers | 440/4 | €50,830 | €17,519 | -€33,311 | -65.5% |
| Taxes, remuneration and social security | 45 | €29,691 | €3,906 | -€25,785 | -86.8% |
| Taxes | 450/3 | €29,691 | €3,906 | -€25,785 | -86.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,049 | €10,000 | -€18,049 | -64.3% |
| Non-recurring operating income | 76A | €4,657 | - | -€4,657 | |
| Remuneration, social security and pensions | 62 | €6,826 | - | -€6,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,507 | €2,443 | -€8,065 | -76.8% |
| Other operating charges | 640/8 | €7,838 | €2,996 | -€4,842 | -61.8% |
| Non-recurring operating charges | 66A | - | €31,116 | +€31,116 | |
| Gross operating margin | 9900 | €8,739 | €11,551 | +€2,812 | +32.2% |
| Operating profit (loss) | 9901 | -€16,433 | -€25,004 | -€8,571 | -52.2% |
| Financial income | 75/76B | €2,864 | €1,052 | -€1,811 | -63.3% |
| Recurring financial income | 75 | €2,864 | €1,052 | -€1,811 | -63.3% |
| Financial charges | 65/66B | €8,239 | €9,098 | +€859 | +10.4% |
| Recurring financial charges | 65 | €8,239 | €9,098 | +€859 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,808 | -€33,050 | -€11,242 | -51.5% |
| Income taxes | 67/77 | €236 | - | -€236 | |
| Profit (loss) for the period | 9904 | -€22,044 | -€33,050 | -€11,006 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,044 | -€33,050 | -€11,006 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.