MINIVET: 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.
MINIVET
Largest movements
- Cash +€32,990
up €32,990 (+42.1%), from €78,348 to €111,338
mainly Net result for the year (+€33,150) and Depreciation (+€10,186)
- Receivables within one year -€4,818
down €4,818 (-65.2%), from €7,389 to €2,572
- Stocks and contracts -€3,064
down €3,064 (-29.2%), from €10,487 to €7,423
- Profit (loss) carried forward +€33,150
up €33,150 (+63.8%), from €51,995 to €85,146
- Trade debts -€10,840
down €10,840 (-49.7%), from €21,817 to €10,977
- Tax, wage and social debts +€5,629
up €5,629 (+58.4%), from €9,648 to €15,277
- Debts after one year -€5,460
down €5,460 (-30.3%), from €17,990 to €12,530
- Other debts +€2,196
up €2,196 (+10.1%), from €21,803 to €23,999
- Gross operating margin +€16,819
up €16,819 (+44.3%), from €37,943 to €54,762
- Taxes +€3,437
up €3,437 (+63.6%), from €5,401 to €8,839
- Depreciation +€2,210
up €2,210 (+27.7%), from €7,976 to €10,186
- Financial charges -€827
down €827 (-42.7%), from €1,937 to €1,111
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 | €131,519 | €156,654 | +€25,135 | +19.1% |
| Fixed assets | 21/28 | €35,251 | €34,884 | -€367 | -1.0% |
| Tangible fixed assets | 22/27 | €35,251 | €34,884 | -€367 | -1.0% |
| Plant, machinery and equipment | 23 | €2,443 | €1,954 | -€489 | -20.0% |
| Furniture and vehicles | 24 | €32,808 | €24,462 | -€8,346 | -25.4% |
| Other tangible fixed assets | 26 | - | €8,468 | +€8,468 | |
| Current assets | 29/58 | €96,267 | €121,770 | +€25,503 | +26.5% |
| Stocks and contracts in progress | 3 | €10,487 | €7,423 | -€3,064 | -29.2% |
| Stocks | 30/36 | €10,487 | €7,423 | -€3,064 | -29.2% |
| Amounts receivable within one year | 40/41 | €7,389 | €2,572 | -€4,818 | -65.2% |
| Trade receivables | 40 | €7,389 | €2,572 | -€4,818 | -65.2% |
| Cash at bank and in hand | 54/58 | €78,348 | €111,338 | +€32,990 | +42.1% |
| Deferred charges and accrued income | 490/1 | €43 | €437 | +€394 | +919.7% |
| Total equity and liabilities | 10/49 | €131,519 | €156,654 | +€25,135 | +19.1% |
| Equity | 10/15 | €54,995 | €88,146 | +€33,150 | +60.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,995 | €85,146 | +€33,150 | +63.8% |
| Amounts payable | 17/49 | €76,523 | €68,508 | -€8,015 | -10.5% |
| Amounts payable after more than one year | 17 | €17,990 | €12,530 | -€5,460 | -30.3% |
| Financial debts | 170/4 | €17,990 | €12,530 | -€5,460 | -30.3% |
| Amounts payable within one year | 42/48 | €58,533 | €55,978 | -€2,555 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €5,266 | €5,725 | +€459 | +8.7% |
| Trade debts | 44 | €21,817 | €10,977 | -€10,840 | -49.7% |
| Suppliers | 440/4 | €21,817 | €10,977 | -€10,840 | -49.7% |
| Taxes, remuneration and social security | 45 | €9,648 | €15,277 | +€5,629 | +58.4% |
| Taxes | 450/3 | €9,648 | €15,277 | +€5,629 | +58.4% |
| Other amounts payable | 47/48 | €21,803 | €23,999 | +€2,196 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,976 | €10,186 | +€2,210 | +27.7% |
| Other operating charges | 640/8 | €1,665 | €1,492 | -€172 | -10.3% |
| Gross operating margin | 9900 | €37,943 | €54,762 | +€16,819 | +44.3% |
| Operating profit (loss) | 9901 | €28,302 | €43,084 | +€14,782 | +52.2% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €1,937 | €1,111 | -€827 | -42.7% |
| Recurring financial charges | 65 | €1,937 | €1,111 | -€827 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €26,365 | €41,989 | +€15,624 | +59.3% |
| Income taxes | 67/77 | €5,401 | €8,839 | +€3,437 | +63.6% |
| Profit (loss) for the period | 9904 | €20,963 | €33,150 | +€12,187 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,963 | €33,150 | +€12,187 | +58.1% |
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 29 September 2026 via checked.be.