MINIVAL: 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.
MINIVAL
Largest movements
- Tangible fixed assets -€16,292
down €16,292 (-5.3%), from €309,707 to €293,415
- Debts after one year -€21,963
down €21,963 (-20.1%), from €109,139 to €87,175
- Other debts +€3,417
up €3,417 (+4.3%), from €79,984 to €83,400
- Gross operating margin -€2,111
down €2,111 (-6.5%), from €32,424 to €30,313
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 | €312,264 | €296,745 | -€15,520 | -5.0% |
| Fixed assets | 21/28 | €309,957 | €293,665 | -€16,292 | -5.3% |
| Tangible fixed assets | 22/27 | €309,707 | €293,415 | -€16,292 | -5.3% |
| Land and buildings | 22 | €309,707 | €293,415 | -€16,292 | -5.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,307 | €3,080 | +€772 | +33.5% |
| Cash at bank and in hand | 54/58 | €2,307 | €3,080 | +€772 | +33.5% |
| Total equity and liabilities | 10/49 | €312,264 | €296,745 | -€15,520 | -5.0% |
| Equity | 10/15 | €101,132 | €103,223 | +€2,091 | +2.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,932 | €35,023 | +€2,091 | +6.3% |
| Amounts payable | 17/49 | €211,132 | €193,521 | -€17,611 | -8.3% |
| Amounts payable after more than one year | 17 | €109,139 | €87,175 | -€21,963 | -20.1% |
| Financial debts | 170/4 | €109,139 | €87,175 | -€21,963 | -20.1% |
| Amounts payable within one year | 42/48 | €101,993 | €106,346 | +€4,353 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €21,447 | €21,963 | +€517 | +2.4% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €563 | €583 | +€20 | +3.5% |
| Taxes | 450/3 | €563 | €583 | +€20 | +3.5% |
| Other amounts payable | 47/48 | €79,984 | €83,400 | +€3,417 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,601 | €16,292 | -€309 | -1.9% |
| Other operating charges | 640/8 | €4,870 | €4,899 | +€29 | +0.6% |
| Gross operating margin | 9900 | €32,424 | €30,313 | -€2,111 | -6.5% |
| Operating profit (loss) | 9901 | €10,952 | €9,122 | -€1,830 | -16.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €7,320 | €7,031 | -€289 | -4.0% |
| Recurring financial charges | 65 | €7,320 | €7,031 | -€289 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €3,632 | €2,091 | -€1,541 | -42.4% |
| Profit (loss) for the period | 9904 | €3,632 | €2,091 | -€1,541 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,632 | €2,091 | -€1,541 | -42.4% |
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 6 October 2026 via checked.be.