Minestrone-ART: 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.
Minestrone-ART
Largest movements
- Cash +€30,132
up €30,132 (+157%), from €19,211 to €49,342
mainly Trade debts (+€21,525) and Net result for the year (+€19,083)
- Tangible fixed assets -€15,442
down €15,442 (-20.7%), from €74,601 to €59,159
of which Furniture and vehicles: -€12,068
- Receivables within one year -€7,693
down €7,693 (-57.4%), from €13,401 to €5,708
of which Other amounts receivable: -€7,112
- Stocks and contracts -€2,229
down €2,229 (-50.0%), from €4,458 to €2,229
- Other debts -€26,149
no longer reported in 2025 (was €26,149)
- Trade debts +€21,525
up €21,525 (+79.3%), from €27,143 to €48,668
- Profit (loss) carried forward +€19,083
up €19,083, from -€18,302 to €780
- Debts after one year -€9,560
down €9,560 (-31.2%), from €30,598 to €21,038
- Gross operating margin +€32,984
up €32,984 (+257%), from €12,836 to €45,820
- Taxes +€2,976
up €2,976 (+1,796%), from €166 to €3,142
- Write-downs +€2,229
new in 2025: €2,229
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 | €111,671 | €116,439 | +€4,768 | +4.3% |
| Fixed assets | 21/28 | €74,601 | €59,159 | -€15,442 | -20.7% |
| Tangible fixed assets | 22/27 | €74,601 | €59,159 | -€15,442 | -20.7% |
| Land and buildings | 22 | €25,661 | €22,288 | -€3,374 | -13.1% |
| Furniture and vehicles | 24 | €48,939 | €36,871 | -€12,068 | -24.7% |
| Current assets | 29/58 | €37,070 | €57,280 | +€20,210 | +54.5% |
| Stocks and contracts in progress | 3 | €4,458 | €2,229 | -€2,229 | -50.0% |
| Stocks | 30/36 | €4,458 | €2,229 | -€2,229 | -50.0% |
| Amounts receivable within one year | 40/41 | €13,401 | €5,708 | -€7,693 | -57.4% |
| Trade receivables | 40 | €2,128 | €1,547 | -€581 | -27.3% |
| Other amounts receivable | 41 | €11,273 | €4,161 | -€7,112 | -63.1% |
| Cash at bank and in hand | 54/58 | €19,211 | €49,342 | +€30,132 | +157% |
| Total equity and liabilities | 10/49 | €111,671 | €116,439 | +€4,768 | +4.3% |
| Equity | 10/15 | €17,340 | €36,423 | +€19,083 | +110% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,643 | €32,643 | = | 0.0% |
| Distributable reserves | 133 | €32,643 | €32,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,302 | €780 | +€19,083 | |
| Amounts payable | 17/49 | €94,331 | €80,016 | -€14,315 | -15.2% |
| Amounts payable after more than one year | 17 | €30,598 | €21,038 | -€9,560 | -31.2% |
| Financial debts | 170/4 | €30,598 | €21,038 | -€9,560 | -31.2% |
| Amounts payable within one year | 42/48 | €63,733 | €58,978 | -€4,755 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €9,227 | €9,560 | +€333 | +3.6% |
| Trade debts | 44 | €27,143 | €48,668 | +€21,525 | +79.3% |
| Suppliers | 440/4 | €27,143 | €48,668 | +€21,525 | +79.3% |
| Taxes, remuneration and social security | 45 | €1,214 | €750 | -€464 | -38.2% |
| Taxes | 450/3 | €1,214 | €750 | -€464 | -38.2% |
| Other amounts payable | 47/48 | €26,149 | - | -€26,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,514 | €17,707 | +€194 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,229 | +€2,229 | |
| Other operating charges | 640/8 | €2,291 | €2,123 | -€168 | -7.3% |
| Gross operating margin | 9900 | €12,836 | €45,820 | +€32,984 | +257% |
| Operating profit (loss) | 9901 | -€6,969 | €23,761 | +€30,730 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,300% |
| Financial charges | 65/66B | €1,941 | €1,536 | -€404 | -20.8% |
| Recurring financial charges | 65 | €1,941 | €1,536 | -€404 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,909 | €22,225 | +€31,134 | |
| Income taxes | 67/77 | €166 | €3,142 | +€2,976 | +1,796% |
| Profit (loss) for the period | 9904 | -€9,075 | €19,083 | +€28,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,075 | €19,083 | +€28,158 |
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 30 October 2026 via checked.be.