Minerva: 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.
Minerva
Largest movements
- Current assets +€5,408
up €5,408 (+3.6%), from €149,712 to €155,120
of which Cash: +€5,046
- Debts within one year +€4,263
up €4,263 (+2501.1%), from €170 to €4,433
- Gross operating margin -€2,271
down €2,271 (-27.7%), from €8,192 to €5,921
- Depreciation -€188
down €188 (-6.5%), from €2,897 to €2,709
From the 2016 result to the 2017 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,020 | €186,917 | +€4,897 | +2.7% |
| Fixed assets | 21/28 | €32,308 | €31,798 | -€511 | -1.6% |
| Tangible fixed assets | 22/27 | €32,184 | €31,673 | -€511 | -1.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €149,712 | €155,120 | +€5,408 | +3.6% |
| Amounts receivable within one year | 40/41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €148,874 | €153,920 | +€5,046 | +3.4% |
| Total equity and liabilities | 10/49 | €182,020 | €186,917 | +€4,897 | +2.7% |
| Equity | 10/15 | €181,850 | €182,484 | +€634 | +0.3% |
| Profit (loss) carried forward | 14 | €181,850 | €182,484 | +€634 | +0.3% |
| Amounts payable | 17/49 | €170 | €4,433 | +€4,263 | +2501.1% |
| Amounts payable within one year | 42/48 | €170 | €4,433 | +€4,263 | +2501.1% |
| Trade debts | 44 | €170 | €125 | -€45 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,897 | €2,709 | -€188 | -6.5% |
| Gross operating margin | 9900 | €8,192 | €5,921 | -€2,271 | -27.7% |
| Operating profit (loss) | 9901 | €4,669 | €727 | -€3,942 | -84.4% |
| Recurring financial income | 75 | €4,700 | €116 | -€4,584 | -97.5% |
| Recurring financial charges | 65 | €157 | €209 | +€52 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €9,213 | €634 | -€8,578 | -93.1% |
| Profit (loss) for the period | 9904 | €9,183 | €634 | -€8,549 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,183 | €634 | -€8,549 | -93.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.