MINCK: 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.
MINCK
Largest movements
- Stocks and contracts +€2.3m
new in 2024: €2.3m
- Tangible fixed assets -€1.4m
no longer reported in 2024 (was €1.4m)
- Cash -€147,225
down €147,225 (-56.6%), from €260,022 to €112,797
mainly Stocks and contracts (-€2.3m) and Other debts (-€5,321)
- Receivables within one year -€51,199
no longer reported in 2024 (was €51,199)
- Current portion of long-term debt +€671,894
up €671,894 (+59.3%), from €1.1m to €1.8m
- Reserves +€35,700
up €35,700 (+14.8%), from €241,869 to €277,569
- Depreciation -€135,135
no longer reported in 2024 (was €135,135)
- Gross operating margin -€118,021
down €118,021 (-43.5%), from €271,221 to €153,199
- Financial charges +€25,073
up €25,073 (+34.3%), from €73,120 to €98,193
- Other operating charges -€4,455
down €4,455 (-48.6%), from €9,159 to €4,704
- Taxes -€2,768
down €2,768 (-16.0%), from €17,354 to €14,586
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.
Cash bridge derived
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 | €1,693,964 | €2,436,948 | +€742,984 | +43.9% |
| Fixed assets | 21/28 | €1,382,743 | - | -€1.4m | |
| Tangible fixed assets | 22/27 | €1,382,743 | - | -€1.4m | |
| Land and buildings | 22 | €1,382,743 | - | -€1.4m | |
| Current assets | 29/58 | €311,220 | €2,436,948 | +€2.1m | +683.0% |
| Stocks and contracts in progress | 3 | - | €2,324,151 | +€2.3m | |
| Stocks | 30/36 | - | €2,324,151 | +€2.3m | |
| Amounts receivable within one year | 40/41 | €51,199 | - | -€51,199 | |
| Other amounts receivable | 41 | €51,199 | - | -€51,199 | |
| Cash at bank and in hand | 54/58 | €260,022 | €112,797 | -€147,225 | -56.6% |
| Total equity and liabilities | 10/49 | €1,693,964 | €2,436,948 | +€742,984 | +43.9% |
| Equity | 10/15 | €330,815 | €366,536 | +€35,721 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €241,869 | €277,569 | +€35,700 | +14.8% |
| Distributable reserves | 133 | €241,869 | €277,569 | +€35,700 | +14.8% |
| Profit (loss) carried forward | 14 | €76,546 | €76,567 | +€21 | 0.0% |
| Amounts payable | 17/49 | €1,363,149 | €2,070,412 | +€707,263 | +51.9% |
| Amounts payable within one year | 42/48 | €1,348,077 | €2,036,936 | +€688,859 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €1,133,107 | €1,805,000 | +€671,894 | +59.3% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €2,662 | €12,712 | +€10,050 | +377.6% |
| Suppliers | 440/4 | €2,662 | €12,712 | +€10,050 | +377.6% |
| Taxes, remuneration and social security | 45 | €2,345 | €14,600 | +€12,255 | +522.6% |
| Taxes | 450/3 | €2,345 | €14,600 | +€12,255 | +522.6% |
| Other amounts payable | 47/48 | €209,944 | €204,624 | -€5,321 | -2.5% |
| Accrued charges and deferred income | 492/3 | €15,072 | €33,476 | +€18,404 | +122.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,135 | - | -€135,135 | |
| Other operating charges | 640/8 | €9,159 | €4,704 | -€4,455 | -48.6% |
| Gross operating margin | 9900 | €271,221 | €153,199 | -€118,021 | -43.5% |
| Operating profit (loss) | 9901 | €126,926 | €148,495 | +€21,569 | +17.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €73,120 | €98,193 | +€25,073 | +34.3% |
| Recurring financial charges | 65 | €73,120 | €98,193 | +€25,073 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €53,806 | €50,307 | -€3,499 | -6.5% |
| Income taxes | 67/77 | €17,354 | €14,586 | -€2,768 | -16.0% |
| Profit (loss) for the period | 9904 | €36,452 | €35,721 | -€731 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,452 | €35,721 | -€731 | -2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.