MiniMa: 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.
MiniMa
Largest movements
- Cash -€118,347
down €118,347 (-82.8%), from €143,010 to €24,663
mainly Contributions, distributions and other (-€188,838) and Receivables within one year (-€63,765)
- Receivables within one year +€63,765
up €63,765 (+138.1%), from €46,188 to €109,954
of which Trade receivables: +€68,560
- Tangible fixed assets +€9,382
up €9,382 (+37.7%), from €24,905 to €34,287
of which Furniture and vehicles: +€12,562
- Reserves -€49,590
down €49,590 (-26.3%), from €188,838 to €139,249
- Tax, wage and social debts +€7,492
up €7,492 (+49.8%), from €15,043 to €22,535
- Trade debts -€2,924
down €2,924 (-64.7%), from €4,523 to €1,598
- Gross operating margin +€86,519
up €86,519 (+84.8%), from €101,971 to €188,489
- Taxes +€20,716
up €20,716 (+98.6%), from €21,020 to €41,736
- Depreciation +€4,213
up €4,213 (+153.7%), from €2,742 to €6,955
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 | €214,103 | €168,903 | -€45,199 | -21.1% |
| Fixed assets | 21/28 | €24,905 | €34,287 | +€9,382 | +37.7% |
| Tangible fixed assets | 22/27 | €24,905 | €34,287 | +€9,382 | +37.7% |
| Plant, machinery and equipment | 23 | €15,796 | €12,616 | -€3,180 | -20.1% |
| Furniture and vehicles | 24 | €9,109 | €21,671 | +€12,562 | +137.9% |
| Current assets | 29/58 | €189,198 | €134,617 | -€54,581 | -28.8% |
| Amounts receivable within one year | 40/41 | €46,188 | €109,954 | +€63,765 | +138.1% |
| Trade receivables | 40 | €39,130 | €107,690 | +€68,560 | +175.2% |
| Other amounts receivable | 41 | €7,058 | €2,264 | -€4,795 | -67.9% |
| Cash at bank and in hand | 54/58 | €143,010 | €24,663 | -€118,347 | -82.8% |
| Total equity and liabilities | 10/49 | €214,103 | €168,903 | -€45,199 | -21.1% |
| Equity | 10/15 | €191,838 | €142,249 | -€49,590 | -25.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €188,838 | €139,249 | -€49,590 | -26.3% |
| Distributable reserves | 133 | €188,838 | €139,249 | -€49,590 | -26.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,264 | €26,655 | +€4,391 | +19.7% |
| Amounts payable within one year | 42/48 | €22,264 | €26,655 | +€4,391 | +19.7% |
| Trade debts | 44 | €4,523 | €1,598 | -€2,924 | -64.7% |
| Suppliers | 440/4 | €4,523 | €1,598 | -€2,924 | -64.7% |
| Taxes, remuneration and social security | 45 | €15,043 | €22,535 | +€7,492 | +49.8% |
| Taxes | 450/3 | €15,043 | €22,535 | +€7,492 | +49.8% |
| Other amounts payable | 47/48 | €2,699 | €2,521 | -€178 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,742 | €6,955 | +€4,213 | +153.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €101,971 | €188,489 | +€86,519 | +84.8% |
| Operating profit (loss) | 9901 | €99,229 | €181,135 | +€81,906 | +82.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €224 | €150 | -€74 | -33.1% |
| Recurring financial charges | 65 | €224 | €150 | -€74 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €99,005 | €180,985 | +€81,980 | +82.8% |
| Income taxes | 67/77 | €21,020 | €41,736 | +€20,716 | +98.6% |
| Profit (loss) for the period | 9904 | €77,985 | €139,249 | +€61,264 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,985 | €139,249 | +€61,264 | +78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.