Minnebo P & S: what changed
Minnebo P & S
Largest movements
- Cash +€34,633
up €34,633 (+577%), from €6,000 to €40,633
mainly Other debts (+€48,054) and Receivables within one year (+€23,897)
- Intangible fixed assets +€32,000
new in 2025: €32,000
- Tangible fixed assets +€30,547
new in 2025: €30,547
- Receivables within one year -€23,897
down €23,897 (-61.4%), from €38,919 to €15,021
of which Trade receivables: -€23,797
- Other debts +€48,054
up €48,054 (+641%), from €7,500 to €55,554
- Reserves +€12,164
up €12,164 (+51.5%), from €23,623 to €35,787
- Trade debts +€7,188
up €7,188 (+380%), from €1,889 to €9,077
- Tax, wage and social debts +€6,039
up €6,039 (+102%), from €5,906 to €11,945
of which Remuneration and social security: +€3,050
- Depreciation +€14,918
new in 2025: €14,918
- Gross operating margin +€3,173
up €3,173 (+10.7%), from €29,529 to €32,703
- Taxes -€2,712
down €2,712 (-45.9%), from €5,906 to €3,194
- Other operating charges +€2,282
new in 2025: €2,282
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,919 | €118,362 | +€73,443 | +164% |
| Fixed assets | 21/28 | - | €62,547 | +€62,547 | |
| Intangible fixed assets | 21 | - | €32,000 | +€32,000 | |
| Tangible fixed assets | 22/27 | - | €30,547 | +€30,547 | |
| Furniture and vehicles | 24 | - | €30,547 | +€30,547 | |
| Current assets | 29/58 | €44,919 | €55,815 | +€10,897 | +24.3% |
| Amounts receivable within one year | 40/41 | €38,919 | €15,021 | -€23,897 | -61.4% |
| Trade receivables | 40 | €38,591 | €14,794 | -€23,797 | -61.7% |
| Other amounts receivable | 41 | €328 | €228 | -€100 | -30.6% |
| Cash at bank and in hand | 54/58 | €6,000 | €40,633 | +€34,633 | +577% |
| Deferred charges and accrued income | 490/1 | - | €161 | +€161 | |
| Total equity and liabilities | 10/49 | €44,919 | €118,362 | +€73,443 | +164% |
| Equity | 10/15 | €29,623 | €41,787 | +€12,164 | +41.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €23,623 | €35,787 | +€12,164 | +51.5% |
| Distributable reserves | 133 | €23,623 | €35,787 | +€12,164 | +51.5% |
| Amounts payable | 17/49 | €15,295 | €76,575 | +€61,280 | +401% |
| Amounts payable within one year | 42/48 | €15,295 | €76,575 | +€61,280 | +401% |
| Trade debts | 44 | €1,889 | €9,077 | +€7,188 | +380% |
| Suppliers | 440/4 | €1,889 | €9,077 | +€7,188 | +380% |
| Taxes, remuneration and social security | 45 | €5,906 | €11,945 | +€6,039 | +102% |
| Taxes | 450/3 | €5,906 | €8,895 | +€2,989 | +50.6% |
| Remuneration and social security | 454/9 | - | €3,050 | +€3,050 | |
| Other amounts payable | 47/48 | €7,500 | €55,554 | +€48,054 | +641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,918 | +€14,918 | |
| Other operating charges | 640/8 | - | €2,282 | +€2,282 | |
| Gross operating margin | 9900 | €29,529 | €32,703 | +€3,173 | +10.7% |
| Operating profit (loss) | 9901 | €29,529 | €15,503 | -€14,026 | -47.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | - | €148 | +€148 | |
| Recurring financial charges | 65 | - | €148 | +€148 | |
| Profit (loss) for the period before taxes | 9903 | €29,529 | €15,358 | -€14,171 | -48.0% |
| Income taxes | 67/77 | €5,906 | €3,194 | -€2,712 | -45.9% |
| Profit (loss) for the period | 9904 | €23,623 | €12,164 | -€11,460 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,623 | €12,164 | -€11,460 | -48.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.