MINIMIZE: 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.
MINIMIZE
Largest movements
- Cash -€55,707
down €55,707 (-46.9%), from €118,692 to €62,985
mainly Tax, wage and social debts (-€24,860) and Receivables within one year (-€24,374)
- Receivables within one year +€24,374
up €24,374 (+29.5%), from €82,506 to €106,881
of which Trade receivables: +€25,377
- Tax, wage and social debts -€24,860
down €24,860 (-53.5%), from €46,451 to €21,591
- Reserves +€16,810
up €16,810 (+15.0%), from €112,200 to €129,010
of which Distributable reserves: +€16,810
- Trade debts -€16,335
down €16,335 (-97.9%), from €16,680 to €345
- Debts after one year -€10,015
down €10,015 (-12.1%), from €82,607 to €72,593
- Other operating charges +€14,084
up €14,084 (+471.7%), from €2,986 to €17,070
- Write-downs -€10,679
no longer reported in 2024 (was €10,679)
- Taxes -€1,977
down €1,977 (-21.2%), from €9,321 to €7,344
- Financial charges +€668
up €668 (+23.8%), from €2,809 to €3,477
- Gross operating margin +€628
up €628 (+1.3%), from €47,037 to €47,665
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,987 | €239,515 | -€34,471 | -12.6% |
| Fixed assets | 21/28 | €56,241 | €54,896 | -€1,345 | -2.4% |
| Tangible fixed assets | 22/27 | €56,241 | €54,896 | -€1,345 | -2.4% |
| Land and buildings | 22 | €56,241 | €53,887 | -€2,354 | -4.2% |
| Furniture and vehicles | 24 | - | €1,009 | +€1,009 | |
| Current assets | 29/58 | €217,745 | €184,619 | -€33,126 | -15.2% |
| Amounts receivable within one year | 40/41 | €82,506 | €106,881 | +€24,374 | +29.5% |
| Trade receivables | 40 | €26,270 | €51,648 | +€25,377 | +96.6% |
| Other amounts receivable | 41 | €56,236 | €55,233 | -€1,003 | -1.8% |
| Cash at bank and in hand | 54/58 | €118,692 | €62,985 | -€55,707 | -46.9% |
| Deferred charges and accrued income | 490/1 | €16,546 | €14,753 | -€1,793 | -10.8% |
| Total equity and liabilities | 10/49 | €273,987 | €239,515 | -€34,471 | -12.6% |
| Equity | 10/15 | €118,415 | €135,227 | +€16,812 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,200 | €129,010 | +€16,810 | +15.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €110,340 | €127,150 | +€16,810 | +15.2% |
| Profit (loss) carried forward | 14 | €15 | €17 | +€2 | +14.2% |
| Amounts payable | 17/49 | €155,572 | €104,289 | -€51,283 | -33.0% |
| Amounts payable after more than one year | 17 | €82,607 | €72,593 | -€10,015 | -12.1% |
| Financial debts | 170/4 | €82,607 | €72,593 | -€10,015 | -12.1% |
| Amounts payable within one year | 42/48 | €72,965 | €31,696 | -€41,269 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €9,834 | €9,760 | -€74 | -0.8% |
| Trade debts | 44 | €16,680 | €345 | -€16,335 | -97.9% |
| Suppliers | 440/4 | €16,680 | €345 | -€16,335 | -97.9% |
| Taxes, remuneration and social security | 45 | €46,451 | €21,591 | -€24,860 | -53.5% |
| Taxes | 450/3 | €46,451 | €21,591 | -€24,860 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,366 | €2,799 | +€433 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,679 | - | -€10,679 | |
| Other operating charges | 640/8 | €2,986 | €17,070 | +€14,084 | +471.7% |
| Non-recurring operating charges | 66A | - | €163 | +€163 | |
| Gross operating margin | 9900 | €47,037 | €47,665 | +€628 | +1.3% |
| Operating profit (loss) | 9901 | €31,006 | €27,633 | -€3,373 | -10.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,809 | €3,477 | +€668 | +23.8% |
| Recurring financial charges | 65 | €2,809 | €3,477 | +€668 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €28,197 | €24,156 | -€4,041 | -14.3% |
| Income taxes | 67/77 | €9,321 | €7,344 | -€1,977 | -21.2% |
| Profit (loss) for the period | 9904 | €18,876 | €16,812 | -€2,064 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €16,812 | -€2,064 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.