Mini - Golf: what changed
Two fiscal 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.
Mini - Golf
Largest movements
- Receivables within one year +€150,533
up €150,533 (+1174.4%), from €12,818 to €163,352
of which Trade receivables: +€77,524
- Receivables after one year -€72,967
down €72,967 (-32.4%), from €224,967 to €152,000
- Cash -€53,756
down €53,756 (-55.1%), from €97,536 to €43,780
mainly Receivables within one year (-€150,533) and Contributions, distributions and other (-€77,244)
- Tangible fixed assets -€14,241
down €14,241 (-16.5%), from €86,056 to €71,815
of which Furniture and vehicles: -€9,221
- Stocks and contracts -€4,643
down €4,643 (-36.8%), from €12,617 to €7,974
- Reserves -€68,068
down €68,068 (-23.6%), from €288,022 to €219,953
of which Distributable reserves: -€66,209
- Tax, wage and social debts +€40,587
up €40,587 (+126.4%), from €32,104 to €72,692
of which Remuneration and social security: +€36,195
- Trade debts +€40,188
up €40,188 (+55.4%), from €72,594 to €112,782
- Debts after one year -€16,518
down €16,518 (-57.7%), from €28,611 to €12,093
of which Other amounts payable: -€12,020
- Accrued charges and deferred income +€10,863
new in 2024: €10,863
- Gross operating margin +€59,838
up €59,838 (+22.7%), from €263,197 to €323,035
- Staff costs +€29,653
up €29,653 (+11.6%), from €256,515 to €286,168
- Depreciation +€12,625
up €12,625 (+147.8%), from €8,544 to €21,169
- Taxes +€3,523
up €3,523 (+1657.6%), from €213 to €3,735
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,185 | €459,435 | +€7,249 | +1.6% |
| Fixed assets | 21/28 | €92,888 | €78,679 | -€14,208 | -15.3% |
| Tangible fixed assets | 22/27 | €86,056 | €71,815 | -€14,241 | -16.5% |
| Plant, machinery and equipment | 23 | €21,074 | €19,369 | -€1,705 | -8.1% |
| Furniture and vehicles | 24 | €45,126 | €35,905 | -€9,221 | -20.4% |
| Other tangible fixed assets | 26 | €19,856 | €16,541 | -€3,315 | -16.7% |
| Financial fixed assets | 28 | €6,832 | €6,864 | +€32 | +0.5% |
| Current assets | 29/58 | €359,298 | €380,755 | +€21,458 | +6.0% |
| Amounts receivable after more than one year | 29 | €224,967 | €152,000 | -€72,967 | -32.4% |
| Other amounts receivable | 291 | €224,967 | €152,000 | -€72,967 | -32.4% |
| Stocks and contracts in progress | 3 | €12,617 | €7,974 | -€4,643 | -36.8% |
| Stocks | 30/36 | €12,617 | €7,974 | -€4,643 | -36.8% |
| Amounts receivable within one year | 40/41 | €12,818 | €163,352 | +€150,533 | +1174.4% |
| Trade receivables | 40 | €3,726 | €81,250 | +€77,524 | +2080.6% |
| Other amounts receivable | 41 | €9,092 | €82,102 | +€73,010 | +803.0% |
| Cash at bank and in hand | 54/58 | €97,536 | €43,780 | -€53,756 | -55.1% |
| Deferred charges and accrued income | 490/1 | €11,359 | €13,650 | +€2,291 | +20.2% |
| Total equity and liabilities | 10/49 | €452,185 | €459,435 | +€7,249 | +1.6% |
| Equity | 10/15 | €306,614 | €238,545 | -€68,068 | -22.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €288,022 | €219,953 | -€68,068 | -23.6% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €286,162 | €219,953 | -€66,209 | -23.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €145,572 | €220,889 | +€75,318 | +51.7% |
| Amounts payable after more than one year | 17 | €28,611 | €12,093 | -€16,518 | -57.7% |
| Financial debts | 170/4 | €16,591 | €12,093 | -€4,498 | -27.1% |
| Other amounts payable | 178/9 | €12,020 | €0 | -€12,020 | -100.0% |
| Amounts payable within one year | 42/48 | €116,960 | €197,934 | +€80,973 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €12,262 | €12,460 | +€198 | +1.6% |
| Trade debts | 44 | €72,594 | €112,782 | +€40,188 | +55.4% |
| Suppliers | 440/4 | €72,594 | €112,782 | +€40,188 | +55.4% |
| Taxes, remuneration and social security | 45 | €32,104 | €72,692 | +€40,587 | +126.4% |
| Taxes | 450/3 | €15,749 | €20,141 | +€4,392 | +27.9% |
| Remuneration and social security | 454/9 | €16,356 | €52,551 | +€36,195 | +221.3% |
| Accrued charges and deferred income | 492/3 | - | €10,863 | +€10,863 | |
| Remuneration, social security and pensions | 62 | €256,515 | €286,168 | +€29,653 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,544 | €21,169 | +€12,625 | +147.8% |
| Other operating charges | 640/8 | €8,253 | €7,397 | -€857 | -10.4% |
| Gross operating margin | 9900 | €263,197 | €323,035 | +€59,838 | +22.7% |
| Operating profit (loss) | 9901 | -€10,116 | €8,301 | +€18,417 | |
| Financial income | 75/76B | €7,439 | €8,344 | +€905 | +12.2% |
| Recurring financial income | 75 | €7,439 | €8,344 | +€905 | +12.2% |
| Financial charges | 65/66B | €3,689 | €3,734 | +€45 | +1.2% |
| Recurring financial charges | 65 | €3,689 | €3,734 | +€45 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,366 | €12,911 | +€19,277 | |
| Income taxes | 67/77 | €213 | €3,735 | +€3,523 | +1657.6% |
| Profit (loss) for the period | 9904 | -€6,578 | €9,176 | +€15,754 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,578 | €9,176 | +€15,754 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.