MINCHET: 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.
MINCHET
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€75,063
up €75,063 (+22.2%), from €338,482 to €413,545
- Debts after one year -€43,350
down €43,350 (-6.3%), from €683,354 to €640,003
- Other debts -€36,738
down €36,738 (-4.0%), from €923,716 to €886,978
- Gross operating margin +€2,973
up €2,973 (+2.9%), from €103,037 to €106,010
- Financial charges -€1,109
down €1,109 (-17.3%), from €6,396 to €5,288
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 | €2,020,701 | €2,014,689 | -€6,012 | -0.3% |
| Fixed assets | 21/28 | €2,000,000 | €2,001,051 | +€1,051 | +0.1% |
| Tangible fixed assets | 22/27 | - | €1,051 | +€1,051 | |
| Plant, machinery and equipment | 23 | - | €1,051 | +€1,051 | |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €20,701 | €13,638 | -€7,063 | -34.1% |
| Cash at bank and in hand | 54/58 | €20,166 | €13,051 | -€7,115 | -35.3% |
| Deferred charges and accrued income | 490/1 | €535 | €587 | +€51 | +9.6% |
| Total equity and liabilities | 10/49 | €2,020,701 | €2,014,689 | -€6,012 | -0.3% |
| Equity | 10/15 | €348,482 | €423,545 | +€75,063 | +21.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €338,482 | €413,545 | +€75,063 | +22.2% |
| Distributable reserves | 133 | €338,482 | €413,545 | +€75,063 | +22.2% |
| Amounts payable | 17/49 | €1,672,219 | €1,591,144 | -€81,075 | -4.8% |
| Amounts payable after more than one year | 17 | €683,354 | €640,003 | -€43,350 | -6.3% |
| Financial debts | 170/4 | €683,354 | €640,003 | -€43,350 | -6.3% |
| Amounts payable within one year | 42/48 | €988,865 | €951,140 | -€37,725 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €58,991 | €55,087 | -€3,904 | -6.6% |
| Trade debts | 44 | €55 | €182 | +€126 | +229.0% |
| Suppliers | 440/4 | €55 | €182 | +€126 | +229.0% |
| Taxes, remuneration and social security | 45 | €6,103 | €8,894 | +€2,791 | +45.7% |
| Taxes | 450/3 | €6,103 | €6,944 | +€841 | +13.8% |
| Remuneration and social security | 454/9 | - | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €923,716 | €886,978 | -€36,738 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €148 | +€148 | |
| Gross operating margin | 9900 | €103,037 | €106,010 | +€2,973 | +2.9% |
| Operating profit (loss) | 9901 | €103,037 | €105,863 | +€2,825 | +2.7% |
| Financial charges | 65/66B | €6,396 | €5,288 | -€1,109 | -17.3% |
| Recurring financial charges | 65 | €6,396 | €5,288 | -€1,109 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €96,641 | €100,575 | +€3,934 | +4.1% |
| Income taxes | 67/77 | €25,332 | €25,512 | +€180 | +0.7% |
| Profit (loss) for the period | 9904 | €71,309 | €75,063 | +€3,754 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,309 | €75,063 | +€3,754 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.