Minkey: 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.
Minkey
Largest movements
- Current investments +€266,167
up €266,167 (+107.0%), from €248,869 to €515,036
- Financial fixed assets -€199,533
no longer reported in 2025 (was €199,533)
- Cash -€27,091
down €27,091 (-36.9%), from €73,404 to €46,313
mainly Current investments (-€266,167) and Tax, wage and social debts (-€21,442)
- Reserves +€54,152
up €54,152 (+11.4%), from €473,980 to €528,132
- Tax, wage and social debts -€21,442
down €21,442 (-67.5%), from €31,768 to €10,326
- Gross operating margin -€73,871
down €73,871 (-82.6%), from €89,417 to €15,546
- Financial income +€46,250
up €46,250 (+1359.9%), from €3,401 to €49,651
- Taxes -€15,824
down €15,824 (-60.5%), from €26,152 to €10,328
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 | €537,343 | €573,296 | +€35,953 | +6.7% |
| Fixed assets | 21/28 | €199,722 | €23 | -€199,699 | -100.0% |
| Tangible fixed assets | 22/27 | €189 | €23 | -€166 | -87.8% |
| Plant, machinery and equipment | 23 | €189 | €23 | -€166 | -87.8% |
| Financial fixed assets | 28 | €199,533 | - | -€199,533 | |
| Current assets | 29/58 | €337,621 | €573,273 | +€235,652 | +69.8% |
| Amounts receivable within one year | 40/41 | €15,348 | €11,924 | -€3,424 | -22.3% |
| Trade receivables | 40 | €15,348 | - | -€15,348 | |
| Other amounts receivable | 41 | - | €11,924 | +€11,924 | |
| Current investments | 50/53 | €248,869 | €515,036 | +€266,167 | +107.0% |
| Cash at bank and in hand | 54/58 | €73,404 | €46,313 | -€27,091 | -36.9% |
| Total equity and liabilities | 10/49 | €537,343 | €573,296 | +€35,953 | +6.7% |
| Equity | 10/15 | €492,580 | €546,732 | +€54,152 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €473,980 | €528,132 | +€54,152 | +11.4% |
| Distributable reserves | 133 | €473,980 | €528,132 | +€54,152 | +11.4% |
| Amounts payable | 17/49 | €44,763 | €26,564 | -€18,199 | -40.7% |
| Amounts payable within one year | 42/48 | €44,763 | €26,564 | -€18,199 | -40.7% |
| Trade debts | 44 | €71 | €90 | +€19 | +26.8% |
| Suppliers | 440/4 | €71 | €90 | +€19 | +26.8% |
| Taxes, remuneration and social security | 45 | €31,768 | €10,326 | -€21,442 | -67.5% |
| Taxes | 450/3 | €31,768 | €10,326 | -€21,442 | -67.5% |
| Other amounts payable | 47/48 | €12,924 | €16,148 | +€3,224 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €166 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +3.0% |
| Gross operating margin | 9900 | €89,417 | €15,546 | -€73,871 | -82.6% |
| Operating profit (loss) | 9901 | €88,746 | €14,860 | -€73,886 | -83.3% |
| Financial income | 75/76B | €3,401 | €49,651 | +€46,250 | +1359.9% |
| Recurring financial income | 75 | €3,401 | €49,651 | +€46,250 | +1359.9% |
| Financial charges | 65/66B | €95 | €31 | -€64 | -67.4% |
| Recurring financial charges | 65 | €95 | €31 | -€64 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €92,052 | €64,480 | -€27,572 | -30.0% |
| Income taxes | 67/77 | €26,152 | €10,328 | -€15,824 | -60.5% |
| Profit (loss) for the period | 9904 | €65,900 | €54,152 | -€11,748 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,900 | €54,152 | -€11,748 | -17.8% |
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 28 September 2026 via checked.be.