MINERVA VASTGOED: 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 VASTGOED
Largest movements
- Receivables within one year +€128,603
up €128,603 (+15.3%), from €841,413 to €970,016
- Financial fixed assets -€30,750
down €30,750 (-100%), from €30,750 to €0
- Cash -€12,944
down €12,944 (-33.9%), from €38,240 to €25,296
mainly Receivables within one year (-€128,603)
- Profit (loss) carried forward +€84,603
up €84,603 (+10.4%), from €816,281 to €900,884
- Financial income +€91,007
up €91,007 (+1,329%), from €6,845 to €97,853
- Gross operating margin -€12,787
down €12,787, from €843 to -€11,944
- Other operating charges -€4,296
down €4,296 (-78.1%), from €5,502 to €1,206
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 | €910,403 | €995,311 | +€84,908 | +9.3% |
| Fixed assets | 21/28 | €30,750 | €0 | -€30,750 | -100% |
| Financial fixed assets | 28 | €30,750 | €0 | -€30,750 | -100% |
| Current assets | 29/58 | €879,653 | €995,311 | +€115,658 | +13.1% |
| Amounts receivable within one year | 40/41 | €841,413 | €970,016 | +€128,603 | +15.3% |
| Other amounts receivable | 41 | €841,413 | €970,016 | +€128,603 | +15.3% |
| Cash at bank and in hand | 54/58 | €38,240 | €25,296 | -€12,944 | -33.9% |
| Total equity and liabilities | 10/49 | €910,403 | €995,311 | +€84,908 | +9.3% |
| Equity | 10/15 | €884,481 | €969,084 | +€84,603 | +9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €816,281 | €900,884 | +€84,603 | +10.4% |
| Amounts payable | 17/49 | €25,922 | €26,228 | +€306 | +1.2% |
| Amounts payable within one year | 42/48 | €25,922 | €26,228 | +€306 | +1.2% |
| Trade debts | 44 | €18,299 | €18,604 | +€306 | +1.7% |
| Suppliers | 440/4 | €18,299 | €18,604 | +€306 | +1.7% |
| Other amounts payable | 47/48 | €7,623 | €7,623 | = | 0.0% |
| Other operating charges | 640/8 | €5,502 | €1,206 | -€4,296 | -78.1% |
| Gross operating margin | 9900 | €843 | -€11,944 | -€12,787 | |
| Operating profit (loss) | 9901 | -€4,659 | -€13,150 | -€8,491 | -182% |
| Financial income | 75/76B | €6,845 | €97,853 | +€91,007 | +1,329% |
| Recurring financial income | 75 | €6,845 | €97,853 | +€91,007 | +1,329% |
| Financial charges | 65/66B | €74 | €100 | +€27 | +36.1% |
| Recurring financial charges | 65 | €74 | €100 | +€27 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €2,113 | €84,603 | +€82,490 | +3,904% |
| Profit (loss) for the period | 9904 | €2,113 | €84,603 | +€82,490 | +3,904% |
| Profit (loss) for the period to be appropriated | 9905 | €2,113 | €84,603 | +€82,490 | +3,904% |
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 23 October 2026 via checked.be.