MINNEZANG: what changed
MINNEZANG
Largest movements
- Cash +€65,845
up €65,845 (+8.7%), from €756,134 to €821,979
mainly Depreciation (+€56,715) and Net result for the year (+€14,232)
- Tangible fixed assets -€56,715
down €56,715 (-10.4%), from €544,195 to €487,480
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€34,601
down €34,601 (-26.9%), from €128,468 to €93,867
- Financial income +€4,076
up €4,076 (+134%), from €3,039 to €7,115
- Other operating charges +€2,000
up €2,000 (+7.1%), from €28,010 to €30,010
- Depreciation -€1,866
down €1,866 (-3.2%), from €58,582 to €56,715
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 | €2,263,081 | €2,277,264 | +€14,183 | +0.6% |
| Fixed assets | 21/28 | €544,195 | €487,480 | -€56,715 | -10.4% |
| Tangible fixed assets | 22/27 | €544,195 | €487,480 | -€56,715 | -10.4% |
| Land and buildings | 22 | €544,195 | €487,480 | -€56,715 | -10.4% |
| Current assets | 29/58 | €1,718,886 | €1,789,785 | +€70,899 | +4.1% |
| Current investments | 50/53 | €962,752 | €967,806 | +€5,054 | +0.5% |
| Cash at bank and in hand | 54/58 | €756,134 | €821,979 | +€65,845 | +8.7% |
| Total equity and liabilities | 10/49 | €2,263,081 | €2,277,264 | +€14,183 | +0.6% |
| Equity | 10/15 | €2,263,032 | €2,277,264 | +€14,232 | +0.6% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Capital | 10 | €2,062,000 | €2,062,000 | = | 0.0% |
| Issued capital | 100 | €2,062,000 | €2,062,000 | = | 0.0% |
| Reserves | 13 | €24,397 | €25,108 | +€712 | +2.9% |
| Non-distributable reserves | 130/1 | €24,397 | €25,108 | +€712 | +2.9% |
| Legal reserve | 130 | €24,397 | €25,108 | +€712 | +2.9% |
| Profit (loss) carried forward | 14 | €176,635 | €190,156 | +€13,521 | +7.7% |
| Amounts payable | 17/49 | €49 | - | -€49 | |
| Amounts payable within one year | 42/48 | €49 | - | -€49 | |
| Trade debts | 44 | €49 | - | -€49 | |
| Suppliers | 440/4 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,582 | €56,715 | -€1,866 | -3.2% |
| Other operating charges | 640/8 | €28,010 | €30,010 | +€2,000 | +7.1% |
| Gross operating margin | 9900 | €128,468 | €93,867 | -€34,601 | -26.9% |
| Operating profit (loss) | 9901 | €41,876 | €7,142 | -€34,735 | -82.9% |
| Financial income | 75/76B | €3,039 | €7,115 | +€4,076 | +134% |
| Recurring financial income | 75 | €3,039 | €7,115 | +€4,076 | +134% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €44,891 | €14,232 | -€30,659 | -68.3% |
| Profit (loss) for the period | 9904 | €44,891 | €14,232 | -€30,659 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,891 | €14,232 | -€30,659 | -68.3% |
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.