Minnoy: 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.
Minnoy
Largest movements
- Current investments +€110,091
up €110,091 (+1223.2%), from €9,000 to €119,091
- Cash -€57,841
down €57,841 (-77.9%), from €74,222 to €16,381
mainly Current investments (-€110,091) and Debts after one year (-€8,934)
- Receivables within one year -€17,797
down €17,797 (-75.6%), from €23,542 to €5,746
of which Trade receivables: -€11,616
- Tangible fixed assets -€13,627
down €13,627 (-27.4%), from €49,671 to €36,044
of which Furniture and vehicles: -€9,822
- Reserves +€24,938
up €24,938 (+28.5%), from €87,502 to €112,440
- Debts after one year -€8,934
down €8,934 (-45.5%), from €19,656 to €10,722
- Tax, wage and social debts -€6,480
down €6,480 (-66.2%), from €9,792 to €3,312
- Other debts +€5,504
up €5,504 (+22.3%), from €24,704 to €30,208
- Profit (loss) carried forward +€4,434
no longer reported in 2025 (was -€4,434)
- Gross operating margin +€52,862
up €52,862 (+748.1%), from €7,066 to €59,928
- Taxes +€9,817
up €9,817 (+6018.0%), from €163 to €9,980
- Financial income -€5,448
down €5,448 (-85.1%), from €6,401 to €953
- Depreciation +€3,255
up €3,255 (+23.5%), from €13,859 to €17,114
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 | €159,814 | €180,145 | +€20,331 | +12.7% |
| Fixed assets | 21/28 | €51,879 | €37,751 | -€14,127 | -27.2% |
| Intangible fixed assets | 21 | €2,208 | €1,708 | -€500 | -22.6% |
| Tangible fixed assets | 22/27 | €49,671 | €36,044 | -€13,627 | -27.4% |
| Plant, machinery and equipment | 23 | €18,242 | €14,436 | -€3,806 | -20.9% |
| Furniture and vehicles | 24 | €31,429 | €21,608 | -€9,822 | -31.2% |
| Current assets | 29/58 | €107,935 | €142,393 | +€34,458 | +31.9% |
| Amounts receivable within one year | 40/41 | €23,542 | €5,746 | -€17,797 | -75.6% |
| Trade receivables | 40 | €11,616 | - | -€11,616 | |
| Other amounts receivable | 41 | €11,926 | €5,746 | -€6,181 | -51.8% |
| Current investments | 50/53 | €9,000 | €119,091 | +€110,091 | +1223.2% |
| Cash at bank and in hand | 54/58 | €74,222 | €16,381 | -€57,841 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,171 | €1,176 | +€6 | +0.5% |
| Total equity and liabilities | 10/49 | €159,814 | €180,145 | +€20,331 | +12.7% |
| Equity | 10/15 | €95,468 | €124,840 | +€29,372 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,502 | €112,440 | +€24,938 | +28.5% |
| Distributable reserves | 133 | €87,502 | €112,440 | +€24,938 | +28.5% |
| Profit (loss) carried forward | 14 | -€4,434 | - | +€4,434 | |
| Amounts payable | 17/49 | €64,345 | €55,305 | -€9,040 | -14.0% |
| Amounts payable after more than one year | 17 | €19,656 | €10,722 | -€8,934 | -45.5% |
| Financial debts | 170/4 | €19,656 | €10,722 | -€8,934 | -45.5% |
| Amounts payable within one year | 42/48 | €44,690 | €44,583 | -€107 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €8,703 | €8,934 | +€231 | +2.6% |
| Trade debts | 44 | €1,490 | €2,129 | +€639 | +42.9% |
| Suppliers | 440/4 | €1,490 | €2,129 | +€639 | +42.9% |
| Taxes, remuneration and social security | 45 | €9,792 | €3,312 | -€6,480 | -66.2% |
| Taxes | 450/3 | €9,792 | €3,312 | -€6,480 | -66.2% |
| Other amounts payable | 47/48 | €24,704 | €30,208 | +€5,504 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,859 | €17,114 | +€3,255 | +23.5% |
| Other operating charges | 640/8 | €1,316 | €1,308 | -€8 | -0.6% |
| Gross operating margin | 9900 | €7,066 | €59,928 | +€52,862 | +748.1% |
| Operating profit (loss) | 9901 | -€8,109 | €41,506 | +€49,616 | |
| Financial income | 75/76B | €6,401 | €953 | -€5,448 | -85.1% |
| Recurring financial income | 75 | €6,401 | €953 | -€5,448 | -85.1% |
| Financial charges | 65/66B | €2,562 | €2,658 | +€95 | +3.7% |
| Recurring financial charges | 65 | €2,562 | €2,658 | +€95 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,271 | €39,801 | +€44,072 | |
| Income taxes | 67/77 | €163 | €9,980 | +€9,817 | +6018.0% |
| Profit (loss) for the period | 9904 | -€4,434 | €29,822 | +€34,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,434 | €29,822 | +€34,256 |
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 9 October 2026 via checked.be.