MINIMA GROUP: 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.
MINIMA GROUP
Largest movements
- Cash +€28,797
up €28,797 (+1,141%), from €2,524 to €31,321
mainly Receivables within one year (+€19,004) and Tax, wage and social debts (+€8,647)
- Receivables within one year -€19,004
down €19,004 (-27.1%), from €70,048 to €51,045
of which Trade receivables: -€41,437
- Tangible fixed assets -€4,703
down €4,703 (-28.5%), from €16,512 to €11,809
of which Plant, machinery and equipment: -€3,477
- Tax, wage and social debts +€8,647
up €8,647 (+46.7%), from €18,501 to €27,148
of which Taxes: +€5,547
- Other debts -€7,747
no longer reported in 2025 (was €7,747)
- Trade debts +€5,958
up €5,958 (+40.9%), from €14,551 to €20,509
- Profit (loss) carried forward -€1,164
new in 2025: -€1,164
- Gross operating margin -€43,767
down €43,767 (-55.3%), from €79,185 to €35,418
- Staff costs +€13,862
up €13,862 (+95.4%), from €14,536 to €28,398
- Taxes -€12,049
down €12,049 (-98.5%), from €12,238 to €189
- Other operating charges +€1,582
up €1,582 (+467%), from €339 to €1,921
- Depreciation +€1,352
up €1,352 (+34.1%), from €3,967 to €5,319
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 | €93,885 | €99,579 | +€5,694 | +6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,912 | €14,212 | -€4,700 | -24.9% |
| Tangible fixed assets | 22/27 | €16,512 | €11,809 | -€4,703 | -28.5% |
| Land and buildings | 22 | €4,185 | €3,311 | -€875 | -20.9% |
| Plant, machinery and equipment | 23 | €8,102 | €4,625 | -€3,477 | -42.9% |
| Furniture and vehicles | 24 | €4,224 | €3,873 | -€352 | -8.3% |
| Financial fixed assets | 28 | €2,400 | €2,404 | +€4 | +0.1% |
| Current assets | 29/58 | €74,973 | €85,366 | +€10,394 | +13.9% |
| Amounts receivable within one year | 40/41 | €70,048 | €51,045 | -€19,004 | -27.1% |
| Trade receivables | 40 | €69,394 | €27,956 | -€41,437 | -59.7% |
| Other amounts receivable | 41 | €655 | €23,088 | +€22,433 | +3,425% |
| Cash at bank and in hand | 54/58 | €2,524 | €31,321 | +€28,797 | +1,141% |
| Deferred charges and accrued income | 490/1 | €2,400 | €3,001 | +€601 | +25.0% |
| Total equity and liabilities | 10/49 | €93,885 | €99,579 | +€5,694 | +6.1% |
| Equity | 10/15 | €53,085 | €51,922 | -€1,164 | -2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,085 | €48,085 | = | 0.0% |
| Distributable reserves | 133 | €48,085 | €48,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,164 | -€1,164 | |
| Amounts payable | 17/49 | €40,799 | €47,657 | +€6,858 | +16.8% |
| Amounts payable within one year | 42/48 | €40,799 | €47,657 | +€6,858 | +16.8% |
| Trade debts | 44 | €14,551 | €20,509 | +€5,958 | +40.9% |
| Suppliers | 440/4 | €14,551 | €20,509 | +€5,958 | +40.9% |
| Taxes, remuneration and social security | 45 | €18,501 | €27,148 | +€8,647 | +46.7% |
| Taxes | 450/3 | €18,467 | €24,013 | +€5,547 | +30.0% |
| Remuneration and social security | 454/9 | €34 | €3,134 | +€3,100 | +9,081% |
| Other amounts payable | 47/48 | €7,747 | - | -€7,747 | |
| Remuneration, social security and pensions | 62 | €14,536 | €28,398 | +€13,862 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,967 | €5,319 | +€1,352 | +34.1% |
| Other operating charges | 640/8 | €339 | €1,921 | +€1,582 | +467% |
| Gross operating margin | 9900 | €79,185 | €35,418 | -€43,767 | -55.3% |
| Operating profit (loss) | 9901 | €60,343 | -€221 | -€60,564 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €37 | €754 | +€716 | +1,913% |
| Recurring financial charges | 65 | €37 | €754 | +€716 | +1,913% |
| Profit (loss) for the period before taxes | 9903 | €60,323 | -€975 | -€61,298 | |
| Income taxes | 67/77 | €12,238 | €189 | -€12,049 | -98.5% |
| Profit (loss) for the period | 9904 | €48,085 | -€1,164 | -€49,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,085 | -€1,164 | -€49,249 |
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 18 October 2026 via checked.be.