MINERVA INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year -€14,776
down €14,776 (-2.6%), from €575,081 to €560,305
- Cash +€13,859
up €13,859 (+2,860%), from €485 to €14,344
mainly Net result for the year (+€15,742) and Receivables within one year (+€14,776)
- Profit (loss) carried forward +€15,742
up €15,742 (+3.5%), from -€444,186 to -€428,445
- Trade debts -€11,740
no longer reported in 2025 (was €11,740)
- Purchases and services -€54,783
down €54,783 (-10.2%), from €538,457 to €483,674
- Turnover -€50,923
down €50,923 (-9.3%), from €550,039 to €499,116
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.
Derived cash bridge
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 | €575,627 | €574,710 | -€917 | -0.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €62 | €62 | = | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €575,565 | €574,648 | -€917 | -0.2% |
| Amounts receivable within one year | 40/41 | €575,081 | €560,305 | -€14,776 | -2.6% |
| Other amounts receivable | 41 | €575,081 | €560,305 | -€14,776 | -2.6% |
| Cash at bank and in hand | 54/58 | €485 | €14,344 | +€13,859 | +2,860% |
| Total equity and liabilities | 10/49 | €575,627 | €574,710 | -€917 | -0.2% |
| Equity | 10/15 | €55,814 | €71,555 | +€15,742 | +28.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€444,186 | -€428,445 | +€15,742 | +3.5% |
| Amounts payable | 17/49 | €519,814 | €503,155 | -€16,658 | -3.2% |
| Amounts payable within one year | 42/48 | €519,814 | €503,155 | -€16,658 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €508,074 | €503,155 | -€4,918 | -1.0% |
| Trade debts | 44 | €11,740 | - | -€11,740 | |
| Suppliers | 440/4 | €11,740 | - | -€11,740 | |
| Turnover | 70 | €550,039 | €499,116 | -€50,923 | -9.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €538,457 | €483,674 | -€54,783 | -10.2% |
| Other operating charges | 640/8 | €205 | €470 | +€265 | +129% |
| Non-recurring operating charges | 66A | €229 | €0 | -€229 | -100% |
| Gross operating margin | 9900 | €11,582 | €15,912 | +€4,330 | +37.4% |
| Operating profit (loss) | 9901 | €11,148 | €15,442 | +€4,295 | +38.5% |
| Financial income | 75/76B | €50 | €349 | +€299 | +603% |
| Recurring financial income | 75 | €50 | €349 | +€299 | +603% |
| Non-recurring financial income | 76B | €50 | - | -€50 | |
| Financial charges | 65/66B | €432 | €50 | -€382 | -88.5% |
| Recurring financial charges | 65 | €432 | €50 | -€382 | -88.5% |
| Non-recurring financial charges | 66B | €432 | - | -€432 | |
| Profit (loss) for the period before taxes | 9903 | €10,765 | €15,742 | +€4,976 | +46.2% |
| Profit (loss) for the period | 9904 | €10,765 | €15,742 | +€4,976 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,765 | €15,742 | +€4,976 | +46.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.