MINIMAX DATA BELGIUM: 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.
MINIMAX DATA BELGIUM
Largest movements
- Tangible fixed assets -€135,321
down €135,321 (-6.6%), from €2.0m to €1.9m
of which Other tangible fixed assets: -€97,967
- Receivables within one year +€120,807
up €120,807 (+24.1%), from €501,558 to €622,365
of which Other amounts receivable: +€146,307
- Debts after one year -€90,631
down €90,631 (-32.1%), from €282,704 to €192,073
- Trade debts +€68,438
up €68,438 (+28.5%), from €239,767 to €308,205
- Accrued charges and deferred income +€45,215
up €45,215 (+83.8%), from €53,971 to €99,186
- Other debts -€32,564
down €32,564 (-5.0%), from €654,304 to €621,740
- Reserves -€28,153
down €28,153 (-43.0%), from €65,548 to €37,395
of which Tax-exempt reserves: -€28,153
- Financial charges -€16,129
down €16,129 (-50.8%), from €31,781 to €15,652
- Gross operating margin -€13,931
down €13,931 (-8.6%), from €161,775 to €147,844
- Financial income +€3,607
up €3,607 (+56.1%), from €6,434 to €10,040
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 | €2,589,004 | €2,562,369 | -€26,635 | -1.0% |
| Fixed assets | 21/28 | €2,037,156 | €1,901,836 | -€135,321 | -6.6% |
| Tangible fixed assets | 22/27 | €2,037,156 | €1,901,836 | -€135,321 | -6.6% |
| Land and buildings | 22 | €1,267,769 | €1,235,190 | -€32,579 | -2.6% |
| Furniture and vehicles | 24 | €8,671 | €3,897 | -€4,774 | -55.1% |
| Other tangible fixed assets | 26 | €760,716 | €662,749 | -€97,967 | -12.9% |
| Current assets | 29/58 | €551,848 | €660,533 | +€108,685 | +19.7% |
| Amounts receivable within one year | 40/41 | €501,558 | €622,365 | +€120,807 | +24.1% |
| Trade receivables | 40 | €320,138 | €294,638 | -€25,500 | -8.0% |
| Other amounts receivable | 41 | €181,420 | €327,727 | +€146,307 | +80.6% |
| Cash at bank and in hand | 54/58 | €43,690 | €28,010 | -€15,681 | -35.9% |
| Deferred charges and accrued income | 490/1 | €6,599 | €10,158 | +€3,559 | +53.9% |
| Total equity and liabilities | 10/49 | €2,589,004 | €2,562,369 | -€26,635 | -1.0% |
| Equity | 10/15 | €1,254,130 | €1,250,533 | -€3,597 | -0.3% |
| Contributions | 10/11 | €373,947 | €373,947 | = | 0.0% |
| Capital | 10 | €373,947 | €373,947 | = | 0.0% |
| Issued capital | 100 | €373,947 | €373,947 | = | 0.0% |
| Reserves | 13 | €65,548 | €37,395 | -€28,153 | -43.0% |
| Non-distributable reserves | 130/1 | €37,395 | €37,395 | = | 0.0% |
| Legal reserve | 130 | €37,395 | €37,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,153 | - | -€28,153 | |
| Profit (loss) carried forward | 14 | €814,635 | €839,192 | +€24,556 | +3.0% |
| Provisions and deferred taxes | 16 | €14,497 | - | -€14,497 | |
| Deferred taxes | 168 | €14,497 | - | -€14,497 | |
| Amounts payable | 17/49 | €1,320,377 | €1,311,836 | -€8,541 | -0.6% |
| Amounts payable after more than one year | 17 | €282,704 | €192,073 | -€90,631 | -32.1% |
| Financial debts | 170/4 | €282,704 | €192,073 | -€90,631 | -32.1% |
| Amounts payable within one year | 42/48 | €983,702 | €1,020,576 | +€36,875 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €89,630 | €90,631 | +€1,000 | +1.1% |
| Trade debts | 44 | €239,767 | €308,205 | +€68,438 | +28.5% |
| Suppliers | 440/4 | €239,767 | €308,205 | +€68,438 | +28.5% |
| Other amounts payable | 47/48 | €654,304 | €621,740 | -€32,564 | -5.0% |
| Accrued charges and deferred income | 492/3 | €53,971 | €99,186 | +€45,215 | +83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,011 | €143,446 | -€566 | -0.4% |
| Other operating charges | 640/8 | €6,816 | €7,887 | +€1,072 | +15.7% |
| Gross operating margin | 9900 | €161,775 | €147,844 | -€13,931 | -8.6% |
| Operating profit (loss) | 9901 | €10,948 | -€3,489 | -€14,437 | |
| Financial income | 75/76B | €6,434 | €10,040 | +€3,607 | +56.1% |
| Recurring financial income | 75 | €6,434 | €10,040 | +€3,607 | +56.1% |
| Financial charges | 65/66B | €31,781 | €15,652 | -€16,129 | -50.8% |
| Recurring financial charges | 65 | €31,781 | €15,652 | -€16,129 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,400 | -€9,100 | +€5,299 | +36.8% |
| Transfer from deferred taxes | 780 | €14,497 | €14,497 | +€0 | 0.0% |
| Income taxes | 67/77 | €10,381 | €8,994 | -€1,387 | -13.4% |
| Profit (loss) for the period | 9904 | -€10,284 | -€3,597 | +€6,687 | +65.0% |
| Transfer from tax-exempt reserves | 789 | €28,153 | €28,153 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,870 | €24,556 | +€6,687 | +37.4% |
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 20 October 2026 via checked.be.