Maren Mintjens: 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.
Maren Mintjens
Largest movements
- Cash +€113,531
up €113,531 (+64.4%), from €176,332 to €289,863
mainly Other debts (+€261,838) and Net result for the year (+€121,001)
- Receivables within one year +€10,851
up €10,851 (+8,055%), from €135 to €10,986
- Other debts +€261,838
up €261,838 (+3,743%), from €6,995 to €268,833
- Reserves -€147,832
down €147,832 (-99.3%), from €148,833 to €1,001
- Trade debts +€7,628
up €7,628 (+1,163%), from €656 to €8,284
- Tax, wage and social debts +€5,268
up €5,268 (+52.2%), from €10,099 to €15,367
- Gross operating margin +€96,392
up €96,392 (+153%), from €62,810 to €159,201
- Taxes +€21,250
up €21,250 (+143%), from €14,865 to €36,115
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 | €183,821 | €309,380 | +€125,558 | +68.3% |
| Fixed assets | 21/28 | €6,160 | €5,362 | -€797 | -12.9% |
| Tangible fixed assets | 22/27 | €6,160 | €5,362 | -€797 | -12.9% |
| Furniture and vehicles | 24 | €6,160 | €5,362 | -€797 | -12.9% |
| Current assets | 29/58 | €177,662 | €304,018 | +€126,356 | +71.1% |
| Amounts receivable within one year | 40/41 | €135 | €10,986 | +€10,851 | +8,055% |
| Other amounts receivable | 41 | €135 | €10,986 | +€10,851 | +8,055% |
| Cash at bank and in hand | 54/58 | €176,332 | €289,863 | +€113,531 | +64.4% |
| Deferred charges and accrued income | 490/1 | €1,195 | €3,168 | +€1,973 | +165% |
| Total equity and liabilities | 10/49 | €183,821 | €309,380 | +€125,558 | +68.3% |
| Equity | 10/15 | €163,833 | €16,001 | -€147,832 | -90.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €148,833 | €1,001 | -€147,832 | -99.3% |
| Distributable reserves | 133 | €148,833 | €1,001 | -€147,832 | -99.3% |
| Amounts payable | 17/49 | €19,989 | €293,379 | +€273,390 | +1,368% |
| Amounts payable within one year | 42/48 | €17,749 | €292,483 | +€274,734 | +1,548% |
| Trade debts | 44 | €656 | €8,284 | +€7,628 | +1,163% |
| Suppliers | 440/4 | €656 | €8,284 | +€7,628 | +1,163% |
| Taxes, remuneration and social security | 45 | €10,099 | €15,367 | +€5,268 | +52.2% |
| Taxes | 450/3 | €10,099 | €15,367 | +€5,268 | +52.2% |
| Other amounts payable | 47/48 | €6,995 | €268,833 | +€261,838 | +3,743% |
| Accrued charges and deferred income | 492/3 | €2,240 | €896 | -€1,344 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €797 | = | 0.0% |
| Other operating charges | 640/8 | €718 | €955 | +€237 | +33.1% |
| Gross operating margin | 9900 | €62,810 | €159,201 | +€96,392 | +153% |
| Operating profit (loss) | 9901 | €61,295 | €157,449 | +€96,154 | +157% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €112 | €360 | +€248 | +222% |
| Recurring financial charges | 65 | €112 | €360 | +€248 | +222% |
| Profit (loss) for the period before taxes | 9903 | €61,183 | €157,116 | +€95,933 | +157% |
| Income taxes | 67/77 | €14,865 | €36,115 | +€21,250 | +143% |
| Profit (loss) for the period | 9904 | €46,318 | €121,001 | +€74,683 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €46,318 | €121,001 | +€74,683 | +161% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.