Minguet Office: 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.
Minguet Office
Largest movements
- Receivables within one year +€33,169
up €33,169 (+59.6%), from €55,607 to €88,776
of which Trade receivables: +€33,724
- Cash +€1,121
up €1,121 (+541%), from €207 to €1,328
mainly Other debts (+€20,447) and Trade debts (+€16,810)
- Other debts +€20,447
up €20,447 (+46.0%), from €44,437 to €64,883
- Trade debts +€16,810
up €16,810 (+75.7%), from €22,215 to €39,025
- Profit (loss) carried forward -€7,686
down €7,686 (-36.7%), from -€20,924 to -€28,610
- Tax, wage and social debts +€5,166
up €5,166 (+76.2%), from €6,781 to €11,947
of which Taxes: +€6,950
- Gross operating margin -€2,273
down €2,273 (-8.5%), from €26,819 to €24,546
- Financial charges +€1,384
up €1,384 (+45.2%), from €3,063 to €4,446
- Staff costs +€1,217
up €1,217 (+4.7%), from €25,665 to €26,882
- Depreciation -€344
down €344 (-97.5%), from €352 to €9
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 | €55,868 | €90,284 | +€34,417 | +61.6% |
| Fixed assets | 21/28 | €9 | €0 | -€9 | -100% |
| Tangible fixed assets | 22/27 | €9 | €0 | -€9 | -100% |
| Furniture and vehicles | 24 | €9 | €0 | -€9 | -100% |
| Current assets | 29/58 | €55,859 | €90,284 | +€34,426 | +61.6% |
| Amounts receivable within one year | 40/41 | €55,607 | €88,776 | +€33,169 | +59.6% |
| Trade receivables | 40 | €55,052 | €88,776 | +€33,724 | +61.3% |
| Other amounts receivable | 41 | €555 | €0 | -€555 | -100% |
| Cash at bank and in hand | 54/58 | €207 | €1,328 | +€1,121 | +541% |
| Deferred charges and accrued income | 490/1 | €44 | €180 | +€136 | +306% |
| Total equity and liabilities | 10/49 | €55,868 | €90,284 | +€34,417 | +61.6% |
| Equity | 10/15 | -€17,924 | -€25,610 | -€7,686 | -42.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,924 | -€28,610 | -€7,686 | -36.7% |
| Amounts payable | 17/49 | €73,792 | €115,895 | +€42,103 | +57.1% |
| Amounts payable within one year | 42/48 | €73,433 | €115,856 | +€42,423 | +57.8% |
| Trade debts | 44 | €22,215 | €39,025 | +€16,810 | +75.7% |
| Suppliers | 440/4 | €22,215 | €39,025 | +€16,810 | +75.7% |
| Taxes, remuneration and social security | 45 | €6,781 | €11,947 | +€5,166 | +76.2% |
| Taxes | 450/3 | €1,249 | €8,199 | +€6,950 | +557% |
| Remuneration and social security | 454/9 | €5,532 | €3,748 | -€1,784 | -32.3% |
| Other amounts payable | 47/48 | €44,437 | €64,883 | +€20,447 | +46.0% |
| Accrued charges and deferred income | 492/3 | €359 | €39 | -€320 | -89.1% |
| Remuneration, social security and pensions | 62 | €25,665 | €26,882 | +€1,217 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €9 | -€344 | -97.5% |
| Other operating charges | 640/8 | €710 | €720 | +€11 | +1.5% |
| Gross operating margin | 9900 | €26,819 | €24,546 | -€2,273 | -8.5% |
| Operating profit (loss) | 9901 | €92 | -€3,065 | -€3,157 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,063 | €4,446 | +€1,384 | +45.2% |
| Recurring financial charges | 65 | €3,063 | €4,446 | +€1,384 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,971 | -€7,511 | -€4,541 | -153% |
| Income taxes | 67/77 | €129 | €174 | +€45 | +35.1% |
| Profit (loss) for the period | 9904 | -€3,100 | -€7,686 | -€4,586 | -148% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,100 | -€7,686 | -€4,586 | -148% |
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 27 October 2026 via checked.be.