Minalim: 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.
Minalim
Largest movements
- Cash +€204,729
up €204,729 (+1,044%), from €19,615 to €224,344
mainly Net result for the year (+€162,077) and Other debts (+€138,483)
- Tangible fixed assets -€85,219
down €85,219 (-10.3%), from €828,325 to €743,107
of which Land and buildings: -€85,578
- Other debts +€138,483
up €138,483 (+154%), from €89,694 to €228,177
- Debts after one year -€15,014
down €15,014 (-59.5%), from €25,237 to €10,223
- Provisions -€10,267
down €10,267 (-7.3%), from €140,952 to €130,685
- Gross operating margin +€267,269
up €267,269 (+1,055%), from €25,332 to €292,601
- Taxes +€73,069
new in 2025: €73,069
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 | €872,120 | €993,906 | +€121,786 | +14.0% |
| Fixed assets | 21/28 | €828,325 | €743,107 | -€85,219 | -10.3% |
| Tangible fixed assets | 22/27 | €828,325 | €743,107 | -€85,219 | -10.3% |
| Land and buildings | 22 | €823,848 | €738,270 | -€85,578 | -10.4% |
| Plant, machinery and equipment | 23 | - | €1,212 | +€1,212 | |
| Furniture and vehicles | 24 | €4,478 | €3,624 | -€853 | -19.1% |
| Current assets | 29/58 | €43,794 | €250,800 | +€207,005 | +473% |
| Amounts receivable within one year | 40/41 | €23,076 | €25,287 | +€2,211 | +9.6% |
| Trade receivables | 40 | €1,116 | €3,373 | +€2,258 | +202% |
| Other amounts receivable | 41 | €21,960 | €21,913 | -€47 | -0.2% |
| Cash at bank and in hand | 54/58 | €19,615 | €224,344 | +€204,729 | +1,044% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,169 | +€65 | +5.9% |
| Total equity and liabilities | 10/49 | €872,120 | €993,906 | +€121,786 | +14.0% |
| Equity | 10/15 | €601,599 | €604,876 | +€3,277 | +0.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €451,599 | €454,876 | +€3,277 | +0.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €273,734 | €253,795 | -€19,939 | -7.3% |
| Distributable reserves | 133 | €162,865 | €186,081 | +€23,216 | +14.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €140,952 | €130,685 | -€10,267 | -7.3% |
| Deferred taxes | 168 | €140,952 | €130,685 | -€10,267 | -7.3% |
| Amounts payable | 17/49 | €129,569 | €258,345 | +€128,776 | +99.4% |
| Amounts payable after more than one year | 17 | €25,237 | €10,223 | -€15,014 | -59.5% |
| Financial debts | 170/4 | €25,237 | €10,223 | -€15,014 | -59.5% |
| Amounts payable within one year | 42/48 | €104,333 | €248,123 | +€143,790 | +138% |
| Current portion of amounts payable after more than one year | 42 | €14,639 | €15,014 | +€375 | +2.6% |
| Taxes, remuneration and social security | 45 | - | €4,932 | +€4,932 | |
| Taxes | 450/3 | - | €4,932 | +€4,932 | |
| Other amounts payable | 47/48 | €89,694 | €228,177 | +€138,483 | +154% |
| Non-recurring operating income | 76A | - | €270,670 | +€270,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,073 | €56,288 | +€215 | +0.4% |
| Other operating charges | 640/8 | €10,495 | €10,825 | +€330 | +3.1% |
| Gross operating margin | 9900 | €25,332 | €292,601 | +€267,269 | +1,055% |
| Operating profit (loss) | 9901 | -€41,235 | €225,489 | +€266,724 | |
| Financial income | 75/76B | €155 | €457 | +€301 | +194% |
| Recurring financial income | 75 | €155 | €457 | +€301 | +194% |
| Financial charges | 65/66B | €1,407 | €1,066 | -€341 | -24.3% |
| Recurring financial charges | 65 | €1,407 | €1,066 | -€341 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,487 | €224,880 | +€267,366 | |
| Transfer from deferred taxes | 780 | €10,267 | €10,267 | = | 0.0% |
| Income taxes | 67/77 | - | €73,069 | +€73,069 | |
| Profit (loss) for the period | 9904 | -€32,220 | €162,077 | +€194,297 | |
| Transfer from tax-exempt reserves | 789 | €19,939 | €19,939 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,281 | €182,016 | +€194,297 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.