MINNE-LEROY: 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-LEROY
Largest movements
- Receivables within one year -€48,052
down €48,052 (-51.3%), from €93,710 to €45,658
of which Other amounts receivable: -€37,520
- Cash -€12,825
down €12,825 (-86.0%), from €14,913 to €2,089
mainly Other debts (-€56,414) and Contributions, distributions and other (-€34,215)
- Tangible fixed assets -€4,723
down €4,723 (-54.2%), from €8,708 to €3,985
- Other debts -€56,414
down €56,414 (-62.2%), from €90,629 to €34,215
- Debts after one year -€15,270
down €15,270 (-26.8%), from €56,948 to €41,678
- Trade debts -€10,254
down €10,254 (-87.3%), from €11,745 to €1,491
- Reserves +€9,002
up €9,002 (+26.3%), from €34,215 to €43,217
- Tax, wage and social debts +€6,888
up €6,888 (+47.3%), from €14,576 to €21,464
of which Taxes: +€6,877
- Financial income -€5,813
down €5,813 (-20.2%), from €28,714 to €22,902
- Taxes +€5,178
up €5,178 (+52.6%), from €9,847 to €15,025
- Gross operating margin +€3,434
up €3,434 (+8.6%), from €40,074 to €43,507
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 | €226,191 | €160,336 | -€65,855 | -29.1% |
| Fixed assets | 21/28 | €115,679 | €110,956 | -€4,723 | -4.1% |
| Tangible fixed assets | 22/27 | €8,708 | €3,985 | -€4,723 | -54.2% |
| Furniture and vehicles | 24 | €8,708 | €3,985 | -€4,723 | -54.2% |
| Financial fixed assets | 28 | €106,971 | €106,971 | = | 0.0% |
| Current assets | 29/58 | €110,512 | €49,380 | -€61,132 | -55.3% |
| Amounts receivable within one year | 40/41 | €93,710 | €45,658 | -€48,052 | -51.3% |
| Trade receivables | 40 | €31,693 | €21,161 | -€10,531 | -33.2% |
| Other amounts receivable | 41 | €62,017 | €24,497 | -€37,520 | -60.5% |
| Cash at bank and in hand | 54/58 | €14,913 | €2,089 | -€12,825 | -86.0% |
| Deferred charges and accrued income | 490/1 | €1,889 | €1,634 | -€256 | -13.5% |
| Total equity and liabilities | 10/49 | €226,191 | €160,336 | -€65,855 | -29.1% |
| Equity | 10/15 | €37,215 | €46,217 | +€9,002 | +24.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,215 | €43,217 | +€9,002 | +26.3% |
| Distributable reserves | 133 | €34,215 | €43,217 | +€9,002 | +26.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €188,976 | €114,119 | -€74,857 | -39.6% |
| Amounts payable after more than one year | 17 | €56,948 | €41,678 | -€15,270 | -26.8% |
| Financial debts | 170/4 | €56,948 | €41,678 | -€15,270 | -26.8% |
| Amounts payable within one year | 42/48 | €132,028 | €72,441 | -€59,587 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €15,077 | €15,270 | +€192 | +1.3% |
| Trade debts | 44 | €11,745 | €1,491 | -€10,254 | -87.3% |
| Suppliers | 440/4 | €11,745 | €1,491 | -€10,254 | -87.3% |
| Taxes, remuneration and social security | 45 | €14,576 | €21,464 | +€6,888 | +47.3% |
| Taxes | 450/3 | €12,622 | €19,499 | +€6,877 | +54.5% |
| Remuneration and social security | 454/9 | €1,955 | €1,965 | +€11 | +0.5% |
| Other amounts payable | 47/48 | €90,629 | €34,215 | -€56,414 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,588 | €4,723 | +€135 | +2.9% |
| Other operating charges | 640/8 | €1,319 | €1,360 | +€41 | +3.1% |
| Gross operating margin | 9900 | €40,074 | €43,507 | +€3,434 | +8.6% |
| Operating profit (loss) | 9901 | €34,167 | €37,425 | +€3,258 | +9.5% |
| Financial income | 75/76B | €28,714 | €22,902 | -€5,813 | -20.2% |
| Recurring financial income | 75 | €28,714 | €22,902 | -€5,813 | -20.2% |
| Financial charges | 65/66B | €1,854 | €2,084 | +€231 | +12.4% |
| Recurring financial charges | 65 | €1,854 | €2,084 | +€231 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €61,027 | €58,242 | -€2,786 | -4.6% |
| Income taxes | 67/77 | €9,847 | €15,025 | +€5,178 | +52.6% |
| Profit (loss) for the period | 9904 | €51,181 | €43,217 | -€7,964 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,181 | €43,217 | -€7,964 | -15.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.