MINNELOU: what changed
Two fiscal 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.
MINNELOU
Largest movements
- Tangible fixed assets -€38,201
down €38,201 (-4.5%), from €839,626 to €801,426
of which Land and buildings: -€32,817
- Debts after one year -€25,087
down €25,087 (-5.7%), from €440,511 to €415,424
- Gross operating margin +€5,233
up €5,233 (+11.3%), from €46,378 to €51,611
- Depreciation +€2,341
up €2,341 (+6.5%), from €35,860 to €38,201
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.
Cash bridge derived
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 | €841,979 | €811,358 | -€30,621 | -3.6% |
| Fixed assets | 21/28 | €839,626 | €801,426 | -€38,201 | -4.5% |
| Tangible fixed assets | 22/27 | €839,626 | €801,426 | -€38,201 | -4.5% |
| Land and buildings | 22 | €795,948 | €763,132 | -€32,817 | -4.1% |
| Plant, machinery and equipment | 23 | €43,678 | €38,294 | -€5,384 | -12.3% |
| Current assets | 29/58 | €2,353 | €9,933 | +€7,580 | +322.1% |
| Cash at bank and in hand | 54/58 | €2,353 | €9,933 | +€7,580 | +322.1% |
| Total equity and liabilities | 10/49 | €841,979 | €811,358 | -€30,621 | -3.6% |
| Equity | 10/15 | -€51,265 | -€49,480 | +€1,785 | +3.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,265 | -€99,480 | +€1,785 | +1.8% |
| Amounts payable | 17/49 | €893,244 | €860,838 | -€32,406 | -3.6% |
| Amounts payable after more than one year | 17 | €440,511 | €415,424 | -€25,087 | -5.7% |
| Financial debts | 170/4 | €440,511 | €415,424 | -€25,087 | -5.7% |
| Amounts payable within one year | 42/48 | €452,733 | €445,414 | -€7,319 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €24,649 | €25,087 | +€438 | +1.8% |
| Trade debts | 44 | €14,129 | €13,901 | -€228 | -1.6% |
| Suppliers | 440/4 | €14,129 | €13,901 | -€228 | -1.6% |
| Taxes, remuneration and social security | 45 | €3,077 | €3,047 | -€29 | -1.0% |
| Taxes | 450/3 | €3,077 | €3,047 | -€29 | -1.0% |
| Other amounts payable | 47/48 | €410,879 | €403,379 | -€7,500 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,860 | €38,201 | +€2,341 | +6.5% |
| Other operating charges | 640/8 | €3,451 | €3,558 | +€107 | +3.1% |
| Gross operating margin | 9900 | €46,378 | €51,611 | +€5,233 | +11.3% |
| Operating profit (loss) | 9901 | €7,067 | €9,852 | +€2,785 | +39.4% |
| Financial charges | 65/66B | €8,498 | €8,068 | -€431 | -5.1% |
| Recurring financial charges | 65 | €8,498 | €8,068 | -€431 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,431 | €1,785 | +€3,216 | |
| Profit (loss) for the period | 9904 | -€1,431 | €1,785 | +€3,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,431 | €1,785 | +€3,216 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.