MINNE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€275,000
up €275,000 (+220%), from €125,000 to €400,000
- Cash -€65,722
down €65,722 (-45.7%), from €143,719 to €77,997
mainly Current investments (-€275,000) and Receivables within one year (-€29,697)
- Receivables within one year +€29,697
up €29,697 (+114%), from €25,963 to €55,660
- Tangible fixed assets -€13,820
down €13,820 (-10.7%), from €129,481 to €115,660
of which Furniture and vehicles: -€18,569
- Reserves +€275,401
up €275,401 (+127%), from €217,113 to €492,513
of which Distributable reserves: +€140,681
- Trade debts -€28,308
down €28,308 (-94.8%), from €29,866 to €1,558
- Debts after one year -€17,260
down €17,260 (-23.1%), from €74,736 to €57,476
- Tax, wage and social debts -€7,441
down €7,441 (-8.5%), from €87,340 to €79,900
- Gross operating margin +€90,937
up €90,937 (+28.1%), from €323,955 to €414,892
- Depreciation +€25,490
up €25,490 (+1,086%), from €2,348 to €27,838
- Financial income +€6,629
up €6,629 (+2,709%), from €245 to €6,873
- Taxes +€5,789
up €5,789 (+5.7%), from €101,071 to €106,860
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 | €428,226 | €653,240 | +€225,014 | +52.5% |
| Fixed assets | 21/28 | €129,481 | €115,660 | -€13,820 | -10.7% |
| Tangible fixed assets | 22/27 | €129,481 | €115,660 | -€13,820 | -10.7% |
| Land and buildings | 22 | - | €2,437 | +€2,437 | |
| Plant, machinery and equipment | 23 | €284 | €2,596 | +€2,312 | +813% |
| Furniture and vehicles | 24 | €129,196 | €110,627 | -€18,569 | -14.4% |
| Current assets | 29/58 | €298,745 | €537,580 | +€238,834 | +79.9% |
| Amounts receivable within one year | 40/41 | €25,963 | €55,660 | +€29,697 | +114% |
| Trade receivables | 40 | €25,963 | €55,660 | +€29,697 | +114% |
| Current investments | 50/53 | €125,000 | €400,000 | +€275,000 | +220% |
| Cash at bank and in hand | 54/58 | €143,719 | €77,997 | -€65,722 | -45.7% |
| Deferred charges and accrued income | 490/1 | €4,063 | €3,923 | -€140 | -3.5% |
| Total equity and liabilities | 10/49 | €428,226 | €653,240 | +€225,014 | +52.5% |
| Equity | 10/15 | €220,113 | €495,513 | +€275,401 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €217,113 | €492,513 | +€275,401 | +127% |
| Tax-exempt reserves | 132 | - | €134,720 | +€134,720 | |
| Distributable reserves | 133 | €217,113 | €357,793 | +€140,681 | +64.8% |
| Amounts payable | 17/49 | €208,113 | €157,727 | -€50,387 | -24.2% |
| Amounts payable after more than one year | 17 | €74,736 | €57,476 | -€17,260 | -23.1% |
| Financial debts | 170/4 | €74,736 | €57,476 | -€17,260 | -23.1% |
| Amounts payable within one year | 42/48 | €133,377 | €100,250 | -€33,127 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €15,264 | €17,260 | +€1,996 | +13.1% |
| Trade debts | 44 | €29,866 | €1,558 | -€28,308 | -94.8% |
| Suppliers | 440/4 | €29,866 | €1,558 | -€28,308 | -94.8% |
| Taxes, remuneration and social security | 45 | €87,340 | €79,900 | -€7,441 | -8.5% |
| Taxes | 450/3 | €87,340 | €79,900 | -€7,441 | -8.5% |
| Other amounts payable | 47/48 | €907 | €1,533 | +€626 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,348 | €27,838 | +€25,490 | +1,086% |
| Other operating charges | 640/8 | €2,733 | €1,094 | -€1,638 | -60.0% |
| Gross operating margin | 9900 | €323,955 | €414,892 | +€90,937 | +28.1% |
| Operating profit (loss) | 9901 | €318,874 | €385,959 | +€67,085 | +21.0% |
| Financial income | 75/76B | €245 | €6,873 | +€6,629 | +2,709% |
| Recurring financial income | 75 | €245 | €6,873 | +€6,629 | +2,709% |
| Financial charges | 65/66B | €135 | €3,138 | +€3,003 | +2,224% |
| Recurring financial charges | 65 | €135 | €3,138 | +€3,003 | +2,224% |
| Profit (loss) for the period before taxes | 9903 | €318,983 | €389,694 | +€70,711 | +22.2% |
| Income taxes | 67/77 | €101,071 | €106,860 | +€5,789 | +5.7% |
| Profit (loss) for the period | 9904 | €217,913 | €282,834 | +€64,921 | +29.8% |
| Transfer to tax-exempt reserves | 689 | - | €134,720 | +€134,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,913 | €148,114 | -€69,799 | -32.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.