MINIVOS: 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.
MINIVOS
Largest movements
- Tangible fixed assets -€29,364
down €29,364 (-10.2%), from €287,085 to €257,721
- Receivables within one year -€8,676
down €8,676 (-62.4%), from €13,914 to €5,238
of which Trade receivables: -€9,360
- Deferred charges and accrued income -€5,714
down €5,714 (-76.4%), from €7,481 to €1,767
- Debts after one year -€13,961
down €13,961 (-8.0%), from €174,207 to €160,246
- Trade debts -€8,511
down €8,511 (-23.2%), from €36,717 to €28,206
- Accrued charges and deferred income -€7,267
down €7,267 (-64.6%), from €11,242 to €3,975
- Profit (loss) carried forward -€7,062
down €7,062 (-16.4%), from -€43,142 to -€50,204
- Tax, wage and social debts -€5,957
down €5,957 (-34.1%), from €17,491 to €11,534
of which Taxes: -€6,573
- Gross operating margin +€47,409
up €47,409 (+128.4%), from €36,917 to €84,326
- Staff costs +€11,914
up €11,914 (+26.6%), from €44,804 to €56,717
- Other operating charges +€928
up €928 (+103.8%), from €894 to €1,822
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 | €336,629 | €293,097 | -€43,532 | -12.9% |
| Fixed assets | 21/28 | €287,085 | €257,721 | -€29,364 | -10.2% |
| Tangible fixed assets | 22/27 | €287,085 | €257,721 | -€29,364 | -10.2% |
| Land and buildings | 22 | €163,288 | €149,954 | -€13,333 | -8.2% |
| Plant, machinery and equipment | 23 | €23,062 | €14,895 | -€8,167 | -35.4% |
| Furniture and vehicles | 24 | - | €294 | +€294 | |
| Other tangible fixed assets | 26 | €100,735 | €92,578 | -€8,157 | -8.1% |
| Current assets | 29/58 | €49,544 | €35,376 | -€14,168 | -28.6% |
| Stocks and contracts in progress | 3 | €7,362 | €5,844 | -€1,517 | -20.6% |
| Stocks | 30/36 | €7,362 | €5,844 | -€1,517 | -20.6% |
| Amounts receivable within one year | 40/41 | €13,914 | €5,238 | -€8,676 | -62.4% |
| Trade receivables | 40 | €13,550 | €4,191 | -€9,360 | -69.1% |
| Other amounts receivable | 41 | €364 | €1,048 | +€684 | +187.9% |
| Cash at bank and in hand | 54/58 | €20,787 | €22,526 | +€1,739 | +8.4% |
| Deferred charges and accrued income | 490/1 | €7,481 | €1,767 | -€5,714 | -76.4% |
| Total equity and liabilities | 10/49 | €336,629 | €293,097 | -€43,532 | -12.9% |
| Equity | 10/15 | -€42,142 | -€49,204 | -€7,062 | -16.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,142 | -€50,204 | -€7,062 | -16.4% |
| Amounts payable | 17/49 | €378,771 | €342,301 | -€36,470 | -9.6% |
| Amounts payable after more than one year | 17 | €174,207 | €160,246 | -€13,961 | -8.0% |
| Financial debts | 170/4 | €174,207 | €160,246 | -€13,961 | -8.0% |
| Amounts payable within one year | 42/48 | €193,322 | €178,080 | -€15,242 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €14,088 | €14,253 | +€165 | +1.2% |
| Trade debts | 44 | €36,717 | €28,206 | -€8,511 | -23.2% |
| Suppliers | 440/4 | €36,717 | €28,206 | -€8,511 | -23.2% |
| Taxes, remuneration and social security | 45 | €17,491 | €11,534 | -€5,957 | -34.1% |
| Taxes | 450/3 | €13,300 | €6,727 | -€6,573 | -49.4% |
| Remuneration and social security | 454/9 | €4,191 | €4,807 | +€616 | +14.7% |
| Other amounts payable | 47/48 | €125,026 | €124,086 | -€940 | -0.8% |
| Accrued charges and deferred income | 492/3 | €11,242 | €3,975 | -€7,267 | -64.6% |
| Remuneration, social security and pensions | 62 | €44,804 | €56,717 | +€11,914 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,658 | €29,776 | +€119 | +0.4% |
| Other operating charges | 640/8 | €894 | €1,822 | +€928 | +103.8% |
| Gross operating margin | 9900 | €36,917 | €84,326 | +€47,409 | +128.4% |
| Operating profit (loss) | 9901 | -€38,438 | -€3,990 | +€34,449 | +89.6% |
| Financial income | 75/76B | €89 | €882 | +€793 | +888.0% |
| Recurring financial income | 75 | €89 | €331 | +€241 | +270.2% |
| Non-recurring financial income | 76B | - | €552 | +€552 | |
| Financial charges | 65/66B | €3,405 | €3,954 | +€550 | +16.1% |
| Recurring financial charges | 65 | €3,405 | €3,954 | +€550 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,754 | -€7,062 | +€34,692 | +83.1% |
| Profit (loss) for the period | 9904 | -€41,754 | -€7,062 | +€34,692 | +83.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,754 | -€7,062 | +€34,692 | +83.1% |
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 7 October 2026 via checked.be.