MINIM CONSTRUCTION: 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.
MINIM CONSTRUCTION
Largest movements
- Cash +€127,536
up €127,536 (+177.1%), from €71,995 to €199,531
mainly Net result for the year (+€73,201) and Tax, wage and social debts (+€26,699)
- Receivables within one year -€9,116
down €9,116 (-11.8%), from €77,444 to €68,328
of which Other amounts receivable: -€30,656
- Profit (loss) carried forward +€72,368
up €72,368 (+106.6%), from €67,858 to €140,226
- Tax, wage and social debts +€26,699
up €26,699 (+177.7%), from €15,022 to €41,721
of which Taxes: +€22,868
- Trade debts +€23,971
up €23,971 (+90.8%), from €26,406 to €50,377
- Other debts -€9,417
down €9,417 (-94.2%), from €10,000 to €583
- Gross operating margin +€42,762
up €42,762 (+56.4%), from €75,814 to €118,576
- Staff costs +€5,937
up €5,937 (+64.5%), from €9,205 to €15,141
- Depreciation +€3,374
up €3,374 (+43.4%), from €7,774 to €11,148
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.
Cash bridge derived
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 | €182,286 | €295,907 | +€113,621 | +62.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,929 | €20,770 | -€2,158 | -9.4% |
| Tangible fixed assets | 22/27 | €22,929 | €20,565 | -€2,363 | -10.3% |
| Plant, machinery and equipment | 23 | €19,684 | €15,126 | -€4,559 | -23.2% |
| Furniture and vehicles | 24 | €3,245 | €5,440 | +€2,195 | +67.7% |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €159,358 | €275,137 | +€115,779 | +72.7% |
| Amounts receivable within one year | 40/41 | €77,444 | €68,328 | -€9,116 | -11.8% |
| Trade receivables | 40 | €43,268 | €64,808 | +€21,540 | +49.8% |
| Other amounts receivable | 41 | €34,176 | €3,520 | -€30,656 | -89.7% |
| Cash at bank and in hand | 54/58 | €71,995 | €199,531 | +€127,536 | +177.1% |
| Deferred charges and accrued income | 490/1 | €9,918 | €7,277 | -€2,641 | -26.6% |
| Total equity and liabilities | 10/49 | €182,286 | €295,907 | +€113,621 | +62.3% |
| Equity | 10/15 | €130,858 | €203,226 | +€72,368 | +55.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,858 | €140,226 | +€72,368 | +106.6% |
| Amounts payable | 17/49 | €51,428 | €92,681 | +€41,253 | +80.2% |
| Amounts payable within one year | 42/48 | €51,428 | €92,681 | +€41,253 | +80.2% |
| Trade debts | 44 | €26,406 | €50,377 | +€23,971 | +90.8% |
| Suppliers | 440/4 | €26,406 | €50,377 | +€23,971 | +90.8% |
| Taxes, remuneration and social security | 45 | €15,022 | €41,721 | +€26,699 | +177.7% |
| Taxes | 450/3 | €15,022 | €37,891 | +€22,868 | +152.2% |
| Remuneration and social security | 454/9 | - | €3,830 | +€3,830 | |
| Other amounts payable | 47/48 | €10,000 | €583 | -€9,417 | -94.2% |
| Remuneration, social security and pensions | 62 | €9,205 | €15,141 | +€5,937 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,774 | €11,148 | +€3,374 | +43.4% |
| Other operating charges | 640/8 | €515 | €1,092 | +€577 | +112.1% |
| Gross operating margin | 9900 | €75,814 | €118,576 | +€42,762 | +56.4% |
| Operating profit (loss) | 9901 | €58,321 | €91,195 | +€32,874 | +56.4% |
| Financial income | 75/76B | €715 | €1,209 | +€495 | +69.2% |
| Recurring financial income | 75 | €715 | €1,209 | +€495 | +69.2% |
| Financial charges | 65/66B | €44 | €159 | +€115 | +261.6% |
| Recurring financial charges | 65 | €44 | €159 | +€115 | +261.6% |
| Profit (loss) for the period before taxes | 9903 | €58,991 | €92,245 | +€33,254 | +56.4% |
| Income taxes | 67/77 | €19,536 | €19,045 | -€492 | -2.5% |
| Profit (loss) for the period | 9904 | €39,455 | €73,201 | +€33,746 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,455 | €73,201 | +€33,746 | +85.5% |
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 11 October 2026 via checked.be.