MINNE Christophe: what changed
What changed
MINNE Christophe
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€211,480
2024 · €5,658+€205,822
Equity
€1.2m
2024 · €1.5m-€284,960
Cash
€25,328
2024 · €71,549-€46,221
Balance sheet total
€3.4m
2024 · €3.2m+€127,269
Largest movements
Assets
- Stocks and contracts +€340,001
up €340,001 (+63.8%), from €532,630 to €872,632
- Current investments -€119,054
down €119,054 (-6.2%), from €1.9m to €1.8m
- Cash -€46,221
down €46,221 (-64.6%), from €71,549 to €25,328
mainly Contributions, distributions and other (-€496,440) and Stocks and contracts (-€340,001)
- Tangible fixed assets -€36,453
down €36,453 (-5.5%), from €658,824 to €622,371
of which Land and buildings: -€24,978
Equity and liabilities
- Other debts +€362,483
up €362,483 (+21.3%), from €1.7m to €2.1m
- Reserves -€284,960
down €284,960 (-19.3%), from €1.5m to €1.2m
of which Distributable reserves: -€284,960
Income statement
- Gross operating margin +€237,276
up €237,276 (+350%), from €67,813 to €305,089
- Taxes +€72,633
up €72,633 (+2,523%), from €2,879 to €75,512
- Financial income +€64,498
up €64,498 (+120%), from €53,702 to €118,200
- Financial charges +€19,581
up €19,581 (+30.4%), from €64,394 to €83,975
- Other operating charges +€6,024
up €6,024 (+137%), from €4,397 to €10,421
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,658
Gross operating margin
+€237,276
Depreciation
+€1,563
Other operating charges
-€6,024
Other operating items
+€723
Financial income
+€64,498
Financial charges
-€19,581
Taxes
-€72,633
Result 2025
€211,480
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€304,718
Investment
+€113,605
Financing
-€464,543
Cash 2024
€71,549
From operations (derived)
+€304,718
Net result for the year
+€211,480
Depreciation
+€41,902
Stocks and contracts
-€340,001
Receivables within one year
+€5,792
Deferred charges and accrued income
+€5,213
Trade debts
-€2,743
Tax, wage and social debts
+€20,582
Other debts
+€362,483
Accrued charges and deferred income
+€10
Investment (derived)
+€113,605
Investment in fixed assets (net)
-€5,449
Current investments
+€119,054
Financing
-€464,543
Short-term financial debts
+€31,897
Contributions, distributions and other
-€496,440
Cash 2025
€25,328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,231,052 | €3,358,322 | +€127,269 | +3.9% |
| Fixed assets | 21/28 | €659,824 | €623,371 | -€36,453 | -5.5% |
| Tangible fixed assets | 22/27 | €658,824 | €622,371 | -€36,453 | -5.5% |
| Land and buildings | 22 | €613,252 | €588,274 | -€24,978 | -4.1% |
| Plant, machinery and equipment | 23 | €21,703 | €12,982 | -€8,721 | -40.2% |
| Furniture and vehicles | 24 | €3,589 | €4,132 | +€543 | +15.1% |
| Other tangible fixed assets | 26 | €20,281 | €16,984 | -€3,297 | -16.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,571,228 | €2,734,950 | +€163,722 | +6.4% |
| Stocks and contracts in progress | 3 | €532,630 | €872,632 | +€340,001 | +63.8% |
| Stocks | 30/36 | €532,630 | €872,632 | +€340,001 | +63.8% |
| Amounts receivable within one year | 40/41 | €28,016 | €22,224 | -€5,792 | -20.7% |
| Other amounts receivable | 41 | €28,016 | €22,224 | -€5,792 | -20.7% |
| Current investments | 50/53 | €1,929,693 | €1,810,640 | -€119,054 | -6.2% |
| Cash at bank and in hand | 54/58 | €71,549 | €25,328 | -€46,221 | -64.6% |
| Deferred charges and accrued income | 490/1 | €9,340 | €4,127 | -€5,213 | -55.8% |
| Total equity and liabilities | 10/49 | €3,231,052 | €3,358,322 | +€127,269 | +3.9% |
| Equity | 10/15 | €1,524,393 | €1,239,433 | -€284,960 | -18.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,473,182 | €1,188,222 | -€284,960 | -19.3% |
| Non-distributable reserves | 130/1 | €28,500 | €28,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,500 | €28,500 | = | 0.0% |
| Distributable reserves | 133 | €1,444,682 | €1,159,722 | -€284,960 | -19.7% |
| Profit (loss) carried forward | 14 | €26,211 | €26,211 | = | 0.0% |
| Amounts payable | 17/49 | €1,706,659 | €2,118,888 | +€412,229 | +24.2% |
| Amounts payable within one year | 42/48 | €1,706,659 | €2,118,878 | +€412,219 | +24.2% |
| Financial debts | 43 | €983 | €32,880 | +€31,897 | +3,245% |
| Credit institutions | 430/8 | €983 | €32,880 | +€31,897 | +3,245% |
| Trade debts | 44 | €6,375 | €3,632 | -€2,743 | -43.0% |
| Suppliers | 440/4 | €6,375 | €3,632 | -€2,743 | -43.0% |
| Taxes, remuneration and social security | 45 | €1,106 | €21,688 | +€20,582 | +1,861% |
| Taxes | 450/3 | €1,106 | €21,688 | +€20,582 | +1,861% |
| Other amounts payable | 47/48 | €1,698,195 | €2,060,678 | +€362,483 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Non-recurring operating income | 76A | €18,767 | €53,447 | +€34,680 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,465 | €41,902 | -€1,563 | -3.6% |
| Other operating charges | 640/8 | €4,397 | €10,421 | +€6,024 | +137% |
| Non-recurring operating charges | 66A | €723 | €0 | -€723 | -100% |
| Gross operating margin | 9900 | €67,813 | €305,089 | +€237,276 | +350% |
| Operating profit (loss) | 9901 | €19,229 | €252,766 | +€233,538 | +1,215% |
| Financial income | 75/76B | €53,702 | €118,200 | +€64,498 | +120% |
| Recurring financial income | 75 | €53,702 | €118,200 | +€64,498 | +120% |
| Financial charges | 65/66B | €64,394 | €83,975 | +€19,581 | +30.4% |
| Recurring financial charges | 65 | €64,394 | €83,975 | +€19,581 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €8,537 | €286,992 | +€278,455 | +3,262% |
| Income taxes | 67/77 | €2,879 | €75,512 | +€72,633 | +2,523% |
| Profit (loss) for the period | 9904 | €5,658 | €211,480 | +€205,822 | +3,638% |
| Profit (loss) for the period to be appropriated | 9905 | €5,658 | €211,480 | +€205,822 | +3,638% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.