MINNOC: 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.
MINNOC
Largest movements
- Receivables within one year +€52,871
up €52,871 (+52.3%), from €101,088 to €153,959
of which Other amounts receivable: +€47,917
- Cash -€26,781
down €26,781 (-89.0%), from €30,103 to €3,322
mainly Receivables within one year (-€52,871) and Trade debts (-€27,364)
- Reserves +€27,400
up €27,400 (+49.2%), from €55,700 to €83,100
- Trade debts -€27,364
down €27,364 (-52.6%), from €51,983 to €24,618
- Tax, wage and social debts +€18,163
up €18,163 (+198%), from €9,180 to €27,343
of which Taxes: +€18,163
- Other debts +€7,400
up €7,400 (+57.6%), from €12,848 to €20,248
- Gross operating margin +€35,932
up €35,932 (+851%), from €4,220 to €40,152
- Taxes +€10,640
up €10,640 (+1,047%), from €1,016 to €11,656
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 | €133,256 | €158,961 | +€25,705 | +19.3% |
| Fixed assets | 21/28 | €2,065 | €1,680 | -€385 | -18.6% |
| Tangible fixed assets | 22/27 | €2,065 | €1,680 | -€385 | -18.6% |
| Furniture and vehicles | 24 | €385 | - | -€385 | |
| Other tangible fixed assets | 26 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €131,191 | €157,281 | +€26,090 | +19.9% |
| Amounts receivable within one year | 40/41 | €101,088 | €153,959 | +€52,871 | +52.3% |
| Trade receivables | 40 | - | €4,954 | +€4,954 | |
| Other amounts receivable | 41 | €101,088 | €149,005 | +€47,917 | +47.4% |
| Cash at bank and in hand | 54/58 | €30,103 | €3,322 | -€26,781 | -89.0% |
| Total equity and liabilities | 10/49 | €133,256 | €158,961 | +€25,705 | +19.3% |
| Equity | 10/15 | €58,746 | €86,252 | +€27,506 | +46.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,700 | €83,100 | +€27,400 | +49.2% |
| Distributable reserves | 133 | €55,700 | €83,100 | +€27,400 | +49.2% |
| Profit (loss) carried forward | 14 | €1,046 | €1,152 | +€106 | +10.2% |
| Amounts payable | 17/49 | €74,511 | €72,709 | -€1,802 | -2.4% |
| Amounts payable within one year | 42/48 | €74,011 | €72,209 | -€1,802 | -2.4% |
| Trade debts | 44 | €51,983 | €24,618 | -€27,364 | -52.6% |
| Suppliers | 440/4 | €51,983 | €24,618 | -€27,364 | -52.6% |
| Taxes, remuneration and social security | 45 | €9,180 | €27,343 | +€18,163 | +198% |
| Taxes | 450/3 | €5,680 | €23,843 | +€18,163 | +320% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €12,848 | €20,248 | +€7,400 | +57.6% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770 | €385 | -€385 | -50.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €4,220 | €40,152 | +€35,932 | +851% |
| Operating profit (loss) | 9901 | €2,881 | €39,182 | +€36,301 | +1,260% |
| Financial charges | 65/66B | - | €19 | +€19 | |
| Recurring financial charges | 65 | - | €19 | +€19 | |
| Profit (loss) for the period before taxes | 9903 | €2,881 | €39,162 | +€36,282 | +1,259% |
| Income taxes | 67/77 | €1,016 | €11,656 | +€10,640 | +1,047% |
| Profit (loss) for the period | 9904 | €1,864 | €27,506 | +€25,642 | +1,375% |
| Profit (loss) for the period to be appropriated | 9905 | €1,864 | €27,506 | +€25,642 | +1,375% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.