MINAXIS: what changed
Two fiscal 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.
MINAXIS
Largest movements
- Cash +€131,500
up €131,500 (+96.8%), from €135,829 to €267,330
mainly Net result for the year (+€81,357) and Investment in fixed assets (net) (+€76,948)
- Financial fixed assets -€77,716
down €77,716 (-34.1%), from €227,689 to €149,973
- Receivables within one year +€13,133
up €13,133 (+101.9%), from €12,885 to €26,018
of which Trade receivables: +€16,147
- Tangible fixed assets -€7,693
down €7,693 (-42.6%), from €18,070 to €10,378
- Profit (loss) carried forward +€51,357
up €51,357 (+18.2%), from €281,983 to €333,340
- Tax, wage and social debts +€24,676
up €24,676 (+456.5%), from €5,406 to €30,082
of which Remuneration and social security: +€13,000
- Advances received -€8,847
no longer reported in 2025 (was €8,847)
- Gross operating margin -€22,412
down €22,412 (-15.8%), from €141,456 to €119,044
- Financial charges -€2,015
down €2,015 (-54.4%), from €3,703 to €1,688
of which Financial charges: -€2,015
- Depreciation -€1,599
down €1,599 (-15.9%), from €10,060 to €8,461
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.
Cash bridge derived
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 | €397,247 | €454,982 | +€57,736 | +14.5% |
| Fixed assets | 21/28 | €245,759 | €160,350 | -€85,409 | -34.8% |
| Tangible fixed assets | 22/27 | €18,070 | €10,378 | -€7,693 | -42.6% |
| Furniture and vehicles | 24 | €18,070 | €10,378 | -€7,693 | -42.6% |
| Financial fixed assets | 28 | €227,689 | €149,973 | -€77,716 | -34.1% |
| Current assets | 29/58 | €151,487 | €294,632 | +€143,145 | +94.5% |
| Amounts receivable within one year | 40/41 | €12,885 | €26,018 | +€13,133 | +101.9% |
| Trade receivables | 40 | €9,214 | €25,362 | +€16,147 | +175.2% |
| Other amounts receivable | 41 | €3,671 | €657 | -€3,014 | -82.1% |
| Cash at bank and in hand | 54/58 | €135,829 | €267,330 | +€131,500 | +96.8% |
| Deferred charges and accrued income | 490/1 | €2,773 | €1,284 | -€1,489 | -53.7% |
| Total equity and liabilities | 10/49 | €397,247 | €454,982 | +€57,736 | +14.5% |
| Equity | 10/15 | €303,443 | €354,800 | +€51,357 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,860 | €2,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,983 | €333,340 | +€51,357 | +18.2% |
| Amounts payable | 17/49 | €93,804 | €100,183 | +€6,379 | +6.8% |
| Amounts payable within one year | 42/48 | €93,804 | €100,183 | +€6,379 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €12,424 | €8,557 | -€3,867 | -31.1% |
| Trade debts | 44 | €4,340 | €1,308 | -€3,031 | -69.9% |
| Suppliers | 440/4 | €4,340 | €1,308 | -€3,031 | -69.9% |
| Advances received on contracts in progress | 46 | €8,847 | - | -€8,847 | |
| Taxes, remuneration and social security | 45 | €5,406 | €30,082 | +€24,676 | +456.5% |
| Taxes | 450/3 | €5,406 | €17,082 | +€11,676 | +216.0% |
| Remuneration and social security | 454/9 | - | €13,000 | +€13,000 | |
| Other amounts payable | 47/48 | €62,788 | €60,236 | -€2,552 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,060 | €8,461 | -€1,599 | -15.9% |
| Other operating charges | 640/8 | €682 | €1,302 | +€619 | +90.7% |
| Non-recurring operating charges | 66A | - | €8,847 | +€8,847 | |
| Gross operating margin | 9900 | €141,456 | €119,044 | -€22,412 | -15.8% |
| Operating profit (loss) | 9901 | €130,714 | €100,435 | -€30,279 | -23.2% |
| Financial income | 75/76B | €285 | €1,367 | +€1,081 | +378.9% |
| Recurring financial income | 75 | €285 | €1,367 | +€1,081 | +378.9% |
| Non-recurring financial income | 76B | €285 | - | -€285 | |
| Financial charges | 65/66B | €3,703 | €1,688 | -€2,015 | -54.4% |
| Recurring financial charges | 65 | €3,703 | €1,688 | -€2,015 | -54.4% |
| Non-recurring financial charges | 66B | €3,703 | €1,688 | -€2,015 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €127,296 | €100,113 | -€27,182 | -21.4% |
| Income taxes | 67/77 | €18,600 | €18,756 | +€157 | +0.8% |
| Profit (loss) for the period | 9904 | €108,696 | €81,357 | -€27,339 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,696 | €81,357 | -€27,339 | -25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.