MINIMAXI: 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.
MINIMAXI
Largest movements
- Cash +€46,700
up €46,700 (+21.8%), from €214,402 to €261,102
mainly Net result for the year (+€53,031) and Receivables within one year (+€19,751)
- Receivables within one year -€19,751
down €19,751 (-92.8%), from €21,278 to €1,526
of which Trade receivables: -€20,370
- Tangible fixed assets -€13,224
down €13,224 (-44.7%), from €29,603 to €16,379
of which Furniture and vehicles: -€10,374
- Reserves +€15,466
up €15,466 (+8.1%), from €191,092 to €206,557
- Tax, wage and social debts -€4,723
down €4,723 (-23.0%), from €20,521 to €15,798
of which Taxes: -€4,762
- Gross operating margin +€5,499
up €5,499 (+6.4%), from €86,348 to €91,847
- Taxes +€2,059
up €2,059 (+10.1%), from €20,312 to €22,372
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 | €270,324 | €284,274 | +€13,950 | +5.2% |
| Fixed assets | 21/28 | €32,303 | €19,079 | -€13,224 | -40.9% |
| Tangible fixed assets | 22/27 | €29,603 | €16,379 | -€13,224 | -44.7% |
| Land and buildings | 22 | €5,897 | €3,474 | -€2,423 | -41.1% |
| Plant, machinery and equipment | 23 | €598 | €170 | -€427 | -71.5% |
| Furniture and vehicles | 24 | €23,109 | €12,735 | -€10,374 | -44.9% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €238,021 | €265,195 | +€27,174 | +11.4% |
| Amounts receivable within one year | 40/41 | €21,278 | €1,526 | -€19,751 | -92.8% |
| Trade receivables | 40 | €21,147 | €777 | -€20,370 | -96.3% |
| Other amounts receivable | 41 | €131 | €750 | +€618 | +472% |
| Cash at bank and in hand | 54/58 | €214,402 | €261,102 | +€46,700 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,341 | €2,566 | +€225 | +9.6% |
| Total equity and liabilities | 10/49 | €270,324 | €284,274 | +€13,950 | +5.2% |
| Equity | 10/15 | €209,692 | €225,157 | +€15,466 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,092 | €206,557 | +€15,466 | +8.1% |
| Distributable reserves | 133 | €191,092 | €206,557 | +€15,466 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,633 | €59,116 | -€1,516 | -2.5% |
| Amounts payable within one year | 42/48 | €56,423 | €55,172 | -€1,251 | -2.2% |
| Trade debts | 44 | €1,603 | €2,345 | +€742 | +46.3% |
| Suppliers | 440/4 | €1,603 | €2,345 | +€742 | +46.3% |
| Taxes, remuneration and social security | 45 | €20,521 | €15,798 | -€4,723 | -23.0% |
| Taxes | 450/3 | €17,022 | €12,260 | -€4,762 | -28.0% |
| Remuneration and social security | 454/9 | €3,499 | €3,539 | +€39 | +1.1% |
| Other amounts payable | 47/48 | €34,299 | €37,029 | +€2,730 | +8.0% |
| Accrued charges and deferred income | 492/3 | €4,210 | €3,945 | -€265 | -6.3% |
| Remuneration, social security and pensions | 62 | €2,581 | €2,367 | -€215 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,319 | €13,224 | -€95 | -0.7% |
| Other operating charges | 640/8 | €976 | €1,120 | +€144 | +14.7% |
| Gross operating margin | 9900 | €86,348 | €91,847 | +€5,499 | +6.4% |
| Operating profit (loss) | 9901 | €69,471 | €75,136 | +€5,666 | +8.2% |
| Financial income | 75/76B | €197 | €405 | +€208 | +106% |
| Recurring financial income | 75 | €197 | €405 | +€208 | +106% |
| Financial charges | 65/66B | €99 | €139 | +€39 | +39.7% |
| Recurring financial charges | 65 | €99 | €139 | +€39 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €69,569 | €75,403 | +€5,834 | +8.4% |
| Income taxes | 67/77 | €20,312 | €22,372 | +€2,059 | +10.1% |
| Profit (loss) for the period | 9904 | €49,256 | €53,031 | +€3,775 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,256 | €53,031 | +€3,775 | +7.7% |
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 22 October 2026 via checked.be.