MINNE JOZEF: 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.
MINNE JOZEF
Largest movements
- Tangible fixed assets -€102,726
down €102,726 (-13.5%), from €762,411 to €659,685
- Receivables within one year -€56,629
down €56,629 (-77.3%), from €73,262 to €16,634
of which Trade receivables: -€34,913
- Stocks and contracts +€16,203
up €16,203 (+5.5%), from €293,277 to €309,479
- Cash -€12,870
down €12,870 (-24.2%), from €53,076 to €40,206
mainly Debts after one year (-€107,905) and Trade debts (-€50,334)
- Debts after one year -€107,905
down €107,905 (-25.3%), from €426,173 to €318,268
- Trade debts -€50,334
down €50,334 (-65.1%), from €77,276 to €26,943
- Other debts -€14,910
down €14,910 (-3.9%), from €384,977 to €370,067
- Current portion of long-term debt +€14,875
up €14,875 (+16.0%), from €93,030 to €107,905
- Depreciation +€21,704
up €21,704 (+19.0%), from €114,105 to €135,810
- Write-downs -€15,481
no longer reported in 2024 (was €15,481)
- Gross operating margin +€4,094
up €4,094 (+2.9%), from €141,096 to €145,189
- Staff costs -€1,990
no longer reported in 2024 (was €1,990)
- Financial charges -€1,521
down €1,521 (-19.9%), from €7,632 to €6,111
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,258,303 | €1,107,752 | -€150,550 | -12.0% |
| Fixed assets | 21/28 | €762,431 | €659,705 | -€102,726 | -13.5% |
| Tangible fixed assets | 22/27 | €762,411 | €659,685 | -€102,726 | -13.5% |
| Land and buildings | 22 | €332,784 | €304,431 | -€28,352 | -8.5% |
| Plant, machinery and equipment | 23 | €253,117 | €226,769 | -€26,348 | -10.4% |
| Furniture and vehicles | 24 | €176,510 | €128,485 | -€48,025 | -27.2% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €495,872 | €448,047 | -€47,825 | -9.6% |
| Stocks and contracts in progress | 3 | €293,277 | €309,479 | +€16,203 | +5.5% |
| Stocks | 30/36 | €293,277 | €309,479 | +€16,203 | +5.5% |
| Amounts receivable within one year | 40/41 | €73,262 | €16,634 | -€56,629 | -77.3% |
| Trade receivables | 40 | €51,546 | €16,634 | -€34,913 | -67.7% |
| Other amounts receivable | 41 | €21,716 | - | -€21,716 | |
| Current investments | 50/53 | €23,113 | €23,113 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,076 | €40,206 | -€12,870 | -24.2% |
| Deferred charges and accrued income | 490/1 | €53,145 | €58,615 | +€5,471 | +10.3% |
| Total equity and liabilities | 10/49 | €1,258,303 | €1,107,752 | -€150,550 | -12.0% |
| Equity | 10/15 | €267,683 | €268,327 | +€644 | +0.2% |
| Contributions | 10/11 | €478,713 | €478,713 | = | 0.0% |
| Reserves | 13 | €31,150 | €31,150 | = | 0.0% |
| Distributable reserves | 133 | €31,150 | €31,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,180 | -€241,536 | +€644 | +0.3% |
| Amounts payable | 17/49 | €990,620 | €839,425 | -€151,194 | -15.3% |
| Amounts payable after more than one year | 17 | €426,173 | €318,268 | -€107,905 | -25.3% |
| Financial debts | 170/4 | €426,173 | €318,268 | -€107,905 | -25.3% |
| Amounts payable within one year | 42/48 | €563,512 | €521,157 | -€42,354 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €93,030 | €107,905 | +€14,875 | +16.0% |
| Trade debts | 44 | €77,276 | €26,943 | -€50,334 | -65.1% |
| Suppliers | 440/4 | €77,276 | €26,943 | -€50,334 | -65.1% |
| Taxes, remuneration and social security | 45 | €8,227 | €16,242 | +€8,015 | +97.4% |
| Taxes | 450/3 | €8,227 | €14,248 | +€6,021 | +73.2% |
| Remuneration and social security | 454/9 | - | €1,994 | +€1,994 | |
| Other amounts payable | 47/48 | €384,977 | €370,067 | -€14,910 | -3.9% |
| Accrued charges and deferred income | 492/3 | €935 | - | -€935 | |
| Remuneration, social security and pensions | 62 | €1,990 | - | -€1,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,105 | €135,810 | +€21,704 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,481 | - | -€15,481 | |
| Other operating charges | 640/8 | €2,597 | €3,149 | +€552 | +21.2% |
| Gross operating margin | 9900 | €141,096 | €145,189 | +€4,094 | +2.9% |
| Operating profit (loss) | 9901 | €6,922 | €6,231 | -€692 | -10.0% |
| Financial income | 75/76B | €1,939 | €829 | -€1,110 | -57.3% |
| Recurring financial income | 75 | €1,939 | €829 | -€1,110 | -57.3% |
| Financial charges | 65/66B | €7,632 | €6,111 | -€1,521 | -19.9% |
| Recurring financial charges | 65 | €7,632 | €6,111 | -€1,521 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,230 | €949 | -€281 | -22.8% |
| Income taxes | 67/77 | €1,037 | €305 | -€732 | -70.6% |
| Profit (loss) for the period | 9904 | €193 | €644 | +€451 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €193 | €644 | +€451 | +234% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.