MINATO: 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.
MINATO
Largest movements
- Stocks and contracts +€2,389
up €2,389 (+31.0%), from €7,700 to €10,089
- Cash +€779
up €779 (+34.1%), from €2,282 to €3,061
mainly Accrued charges and deferred income (+€3,289) and Depreciation (+€2,859)
- Deferred charges and accrued income +€642
new in 2024: €642
- Tangible fixed assets -€559
down €559 (-13.8%), from €4,057 to €3,498
of which Furniture and vehicles: -€1,178
- Accrued charges and deferred income +€3,289
up €3,289 (+84.5%), from €3,891 to €7,180
- Profit (loss) carried forward +€1,941
up €1,941 (+54.0%), from €3,595 to €5,536
- Tax, wage and social debts -€1,182
down €1,182 (-43.3%), from €2,731 to €1,549
of which Taxes: -€641
- Trade debts -€574
down €574 (-63.9%), from €899 to €325
- Other debts -€526
down €526 (-24.5%), from €2,148 to €1,622
- Staff costs -€3,073
down €3,073 (-12.4%), from €24,780 to €21,707
- Gross operating margin -€1,504
down €1,504 (-4.8%), from €31,321 to €29,817
- Depreciation +€460
up €460 (+19.2%), from €2,399 to €2,859
- Financial charges +€390
up €390 (+23.0%), from €1,693 to €2,083
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 | €33,724 | €36,672 | +€2,948 | +8.7% |
| Fixed assets | 21/28 | €6,457 | €5,898 | -€559 | -8.7% |
| Tangible fixed assets | 22/27 | €4,057 | €3,498 | -€559 | -13.8% |
| Land and buildings | 22 | €2,240 | €1,493 | -€747 | -33.3% |
| Plant, machinery and equipment | 23 | €639 | €2,005 | +€1,366 | +214% |
| Furniture and vehicles | 24 | €1,178 | - | -€1,178 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €27,267 | €30,773 | +€3,506 | +12.9% |
| Stocks and contracts in progress | 3 | €7,700 | €10,089 | +€2,389 | +31.0% |
| Stocks | 30/36 | €7,700 | €10,089 | +€2,389 | +31.0% |
| Amounts receivable within one year | 40/41 | €17,285 | €16,981 | -€304 | -1.8% |
| Trade receivables | 40 | €4,885 | €3,781 | -€1,104 | -22.6% |
| Other amounts receivable | 41 | €12,400 | €13,200 | +€800 | +6.5% |
| Cash at bank and in hand | 54/58 | €2,282 | €3,061 | +€779 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €642 | +€642 | |
| Total equity and liabilities | 10/49 | €33,724 | €36,672 | +€2,948 | +8.7% |
| Equity | 10/15 | €24,055 | €25,996 | +€1,941 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,595 | €5,536 | +€1,941 | +54.0% |
| Amounts payable | 17/49 | €9,669 | €10,675 | +€1,006 | +10.4% |
| Amounts payable within one year | 42/48 | €5,778 | €3,495 | -€2,283 | -39.5% |
| Trade debts | 44 | €899 | €325 | -€574 | -63.9% |
| Suppliers | 440/4 | €899 | €325 | -€574 | -63.9% |
| Taxes, remuneration and social security | 45 | €2,731 | €1,549 | -€1,182 | -43.3% |
| Taxes | 450/3 | €783 | €142 | -€641 | -81.9% |
| Remuneration and social security | 454/9 | €1,948 | €1,407 | -€541 | -27.8% |
| Other amounts payable | 47/48 | €2,148 | €1,622 | -€526 | -24.5% |
| Accrued charges and deferred income | 492/3 | €3,891 | €7,180 | +€3,289 | +84.5% |
| Remuneration, social security and pensions | 62 | €24,780 | €21,707 | -€3,073 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,399 | €2,859 | +€460 | +19.2% |
| Other operating charges | 640/8 | €1,147 | €1,128 | -€19 | -1.7% |
| Gross operating margin | 9900 | €31,321 | €29,817 | -€1,504 | -4.8% |
| Operating profit (loss) | 9901 | €2,995 | €4,123 | +€1,128 | +37.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,693 | €2,083 | +€390 | +23.0% |
| Recurring financial charges | 65 | €1,693 | €2,083 | +€390 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €1,302 | €2,040 | +€738 | +56.7% |
| Income taxes | 67/77 | €94 | €98 | +€4 | +4.4% |
| Profit (loss) for the period | 9904 | €1,208 | €1,942 | +€734 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,208 | €1,942 | +€734 | +60.7% |
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 16 October 2026 via checked.be.