Minicopal: 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.
Minicopal
Largest movements
- Tangible fixed assets +€57,678
up €57,678 (+130%), from €44,278 to €101,956
of which Other tangible fixed assets: +€58,849
- Intangible fixed assets -€21,429
down €21,429 (-60.0%), from €35,695 to €14,266
- Cash +€4,085
up €4,085 (+1.9%), from €219,713 to €223,798
mainly Net result for the year (+€369,580) and Depreciation (+€37,838)
- Other debts +€28,109
up €28,109 (+8.2%), from €341,472 to €369,580
- Tax, wage and social debts +€6,320
up €6,320 (+89.4%), from €7,074 to €13,394
- Gross operating margin +€82,161
up €82,161 (+18.2%), from €450,951 to €533,112
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 | €363,642 | €401,736 | +€38,093 | +10.5% |
| Fixed assets | 21/28 | €140,073 | €176,322 | +€36,249 | +25.9% |
| Intangible fixed assets | 21 | €35,695 | €14,266 | -€21,429 | -60.0% |
| Tangible fixed assets | 22/27 | €44,278 | €101,956 | +€57,678 | +130% |
| Plant, machinery and equipment | 23 | €13,691 | €19,314 | +€5,623 | +41.1% |
| Furniture and vehicles | 24 | €14,265 | €7,471 | -€6,794 | -47.6% |
| Other tangible fixed assets | 26 | €16,322 | €75,171 | +€58,849 | +361% |
| Financial fixed assets | 28 | €60,100 | €60,100 | = | 0.0% |
| Current assets | 29/58 | €223,570 | €225,414 | +€1,844 | +0.8% |
| Amounts receivable within one year | 40/41 | €3,662 | €1,518 | -€2,144 | -58.6% |
| Other amounts receivable | 41 | €3,662 | €1,518 | -€2,144 | -58.6% |
| Cash at bank and in hand | 54/58 | €219,713 | €223,798 | +€4,085 | +1.9% |
| Deferred charges and accrued income | 490/1 | €195 | €98 | -€97 | -49.6% |
| Total equity and liabilities | 10/49 | €363,642 | €401,736 | +€38,093 | +10.5% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €353,642 | €391,736 | +€38,093 | +10.8% |
| Amounts payable within one year | 42/48 | €353,642 | €391,736 | +€38,093 | +10.8% |
| Trade debts | 44 | €5,097 | €8,761 | +€3,664 | +71.9% |
| Suppliers | 440/4 | €5,097 | €8,761 | +€3,664 | +71.9% |
| Taxes, remuneration and social security | 45 | €7,074 | €13,394 | +€6,320 | +89.4% |
| Taxes | 450/3 | €7,074 | €13,394 | +€6,320 | +89.4% |
| Other amounts payable | 47/48 | €341,472 | €369,580 | +€28,109 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,503 | €37,838 | +€1,335 | +3.7% |
| Other operating charges | 640/8 | €668 | €692 | +€23 | +3.5% |
| Gross operating margin | 9900 | €450,951 | €533,112 | +€82,161 | +18.2% |
| Operating profit (loss) | 9901 | €413,780 | €494,583 | +€80,803 | +19.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €21 | €4 | -€17 | -82.5% |
| Recurring financial charges | 65 | €21 | €4 | -€17 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €413,759 | €494,579 | +€80,820 | +19.5% |
| Income taxes | 67/77 | €124,884 | €124,999 | +€115 | +0.1% |
| Profit (loss) for the period | 9904 | €288,875 | €369,580 | +€80,705 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €288,875 | €369,580 | +€80,705 | +27.9% |
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.