MINGUET - ROSY: 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 - ROSY
Largest movements
- Receivables within one year -€31,805
down €31,805 (-21.3%), from €149,178 to €117,373
- Debts after one year -€24,000
down €24,000 (-41.8%), from €57,466 to €33,466
of which Other amounts payable: -€24,000
- Other debts -€7,804
no longer reported in 2025 (was €7,804)
- Taxes -€331,965
down €331,965 (-100.0%), from €331,967 to €2
- Gross operating margin -€993
down €993, from €930 to -€64
- Depreciation -€113
down €113 (-14.1%), from €806 to €693
- Financial charges -€56
down €56 (-54.8%), from €103 to €46
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 | €151,105 | €118,114 | -€32,991 | -21.8% |
| Fixed assets | 21/28 | €1,087 | €395 | -€693 | -63.7% |
| Tangible fixed assets | 22/27 | €1,087 | €395 | -€693 | -63.7% |
| Plant, machinery and equipment | 23 | €1,087 | €395 | -€693 | -63.7% |
| Current assets | 29/58 | €150,017 | €117,719 | -€32,298 | -21.5% |
| Amounts receivable within one year | 40/41 | €149,178 | €117,373 | -€31,805 | -21.3% |
| Other amounts receivable | 41 | €149,178 | €117,373 | -€31,805 | -21.3% |
| Current investments | 50/53 | €505 | €306 | -€199 | -39.5% |
| Cash at bank and in hand | 54/58 | €334 | €40 | -€294 | -88.2% |
| Total equity and liabilities | 10/49 | €151,105 | €118,114 | -€32,991 | -21.8% |
| Equity | 10/15 | €85,834 | €84,648 | -€1,186 | -1.4% |
| Contributions | 10/11 | €18,712 | €18,712 | = | 0.0% |
| Reserves | 13 | €112,737 | €112,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,737 | €2,737 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €878 | €878 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,615 | -€46,801 | -€1,186 | -2.6% |
| Amounts payable | 17/49 | €65,270 | €33,466 | -€31,805 | -48.7% |
| Amounts payable after more than one year | 17 | €57,466 | €33,466 | -€24,000 | -41.8% |
| Financial debts | 170/4 | €33,466 | €33,466 | = | 0.0% |
| Other amounts payable | 178/9 | €24,000 | - | -€24,000 | |
| Amounts payable within one year | 42/48 | €7,804 | - | -€7,804 | |
| Other amounts payable | 47/48 | €7,804 | - | -€7,804 | |
| Non-recurring operating income | 76A | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €693 | -€113 | -14.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €1,123 | - | -€1,123 | |
| Gross operating margin | 9900 | €930 | -€64 | -€993 | |
| Operating profit (loss) | 9901 | -€1,384 | -€1,144 | +€240 | +17.3% |
| Financial income | 75/76B | €4 | €5 | +€2 | +45.4% |
| Recurring financial income | 75 | €4 | €5 | +€2 | +45.4% |
| Financial charges | 65/66B | €103 | €46 | -€56 | -54.8% |
| Recurring financial charges | 65 | €103 | €46 | -€56 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,482 | -€1,185 | +€298 | +20.1% |
| Income taxes | 67/77 | €331,967 | €2 | -€331,965 | -100.0% |
| Profit (loss) for the period | 9904 | -€333,449 | -€1,186 | +€332,263 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€333,449 | -€1,186 | +€332,263 | +99.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.