Minka: 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.
Minka
Largest movements
- Cash +€9,691
up €9,691 (+1,258%), from €771 to €10,462
mainly Net result for the year (+€13,783) and Depreciation (+€9,997)
- Tangible fixed assets -€6,240
down €6,240 (-54.8%), from €11,392 to €5,151
of which Leasing and similar rights: -€4,482
- Deferred charges and accrued income -€5,787
down €5,787 (-69.6%), from €8,315 to €2,528
- Intangible fixed assets -€3,900
down €3,900 (-26.5%), from €14,720 to €10,820
- Stocks and contracts +€755
up €755 (+51.8%), from €1,459 to €2,213
- Other debts -€17,516
down €17,516 (-89.6%), from €19,553 to €2,037
- Profit (loss) carried forward +€13,783
up €13,783 (+39.5%), from -€34,912 to -€21,129
- Current portion of long-term debt -€2,375
down €2,375 (-83.2%), from €2,853 to €478
- Accrued charges and deferred income +€2,364
up €2,364 (+116%), from €2,043 to €4,407
- Trade debts -€499
down €499 (-11.9%), from €4,185 to €3,686
- Gross operating margin -€18,025
down €18,025 (-41.3%), from €43,693 to €25,668
- Staff costs -€11,626
no longer reported in 2025 (was €11,626)
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 | €38,472 | €33,619 | -€4,853 | -12.6% |
| Fixed assets | 21/28 | €26,112 | €15,971 | -€10,140 | -38.8% |
| Intangible fixed assets | 21 | €14,720 | €10,820 | -€3,900 | -26.5% |
| Tangible fixed assets | 22/27 | €11,392 | €5,151 | -€6,240 | -54.8% |
| Land and buildings | 22 | €5,382 | €4,032 | -€1,350 | -25.1% |
| Plant, machinery and equipment | 23 | €513 | €104 | -€409 | -79.7% |
| Leasing and similar rights | 25 | €5,497 | €1,016 | -€4,482 | -81.5% |
| Current assets | 29/58 | €12,360 | €17,647 | +€5,287 | +42.8% |
| Stocks and contracts in progress | 3 | €1,459 | €2,213 | +€755 | +51.8% |
| Stocks | 30/36 | €1,459 | €2,213 | +€755 | +51.8% |
| Amounts receivable within one year | 40/41 | €1,816 | €2,444 | +€628 | +34.6% |
| Trade receivables | 40 | €631 | €550 | -€81 | -12.9% |
| Other amounts receivable | 41 | €1,185 | €1,894 | +€710 | +59.9% |
| Cash at bank and in hand | 54/58 | €771 | €10,462 | +€9,691 | +1,258% |
| Deferred charges and accrued income | 490/1 | €8,315 | €2,528 | -€5,787 | -69.6% |
| Total equity and liabilities | 10/49 | €38,472 | €33,619 | -€4,853 | -12.6% |
| Equity | 10/15 | €9,088 | €22,871 | +€13,783 | +152% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,912 | -€21,129 | +€13,783 | +39.5% |
| Amounts payable | 17/49 | €29,384 | €10,748 | -€18,637 | -63.4% |
| Amounts payable after more than one year | 17 | €478 | - | -€478 | |
| Financial debts | 170/4 | €478 | - | -€478 | |
| Amounts payable within one year | 42/48 | €26,863 | €6,341 | -€20,522 | -76.4% |
| Current portion of amounts payable after more than one year | 42 | €2,853 | €478 | -€2,375 | -83.2% |
| Trade debts | 44 | €4,185 | €3,686 | -€499 | -11.9% |
| Suppliers | 440/4 | €4,185 | €3,686 | -€499 | -11.9% |
| Taxes, remuneration and social security | 45 | €272 | €140 | -€132 | -48.4% |
| Taxes | 450/3 | €272 | €140 | -€132 | -48.4% |
| Other amounts payable | 47/48 | €19,553 | €2,037 | -€17,516 | -89.6% |
| Accrued charges and deferred income | 492/3 | €2,043 | €4,407 | +€2,364 | +116% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Remuneration, social security and pensions | 62 | €11,626 | - | -€11,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,364 | €9,997 | -€367 | -3.5% |
| Other operating charges | 640/8 | €1,328 | €1,493 | +€165 | +12.5% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | €43,693 | €25,668 | -€18,025 | -41.3% |
| Operating profit (loss) | 9901 | €20,376 | €14,035 | -€6,341 | -31.1% |
| Financial income | 75/76B | €164 | €9 | -€155 | -94.6% |
| Recurring financial income | 75 | €164 | €9 | -€155 | -94.6% |
| Financial charges | 65/66B | €291 | €260 | -€31 | -10.7% |
| Recurring financial charges | 65 | €291 | €260 | -€31 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €20,249 | €13,783 | -€6,465 | -31.9% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | €20,108 | €13,783 | -€6,325 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,108 | €13,783 | -€6,325 | -31.5% |
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 19 October 2026 via checked.be.