Minnoye & Co: 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.
Minnoye & Co
Largest movements
- Receivables after one year +€61,382
up €61,382 (+581%), from €10,565 to €71,947
- Cash +€14,900
up €14,900 (+1,490%), from €1,000 to €15,900
mainly Net result for the year (+€65,099) and Tax, wage and social debts (+€18,150)
- Receivables within one year +€10,582
up €10,582 (+50.1%), from €21,115 to €31,697
- Tangible fixed assets -€2,579
down €2,579 (-25.9%), from €9,951 to €7,372
- Reserves +€65,099
up €65,099 (+225%), from €28,921 to €94,020
- Tax, wage and social debts +€18,150
up €18,150 (+115%), from €15,755 to €33,905
- Gross operating margin +€41,922
up €41,922 (+97.9%), from €42,801 to €84,723
- Taxes +€8,346
up €8,346 (+85.1%), from €9,808 to €18,155
- Financial income +€2,527
new in 2025: €2,527
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 | €47,176 | €131,461 | +€84,285 | +179% |
| Fixed assets | 21/28 | €9,951 | €7,372 | -€2,579 | -25.9% |
| Tangible fixed assets | 22/27 | €9,951 | €7,372 | -€2,579 | -25.9% |
| Other tangible fixed assets | 26 | €9,951 | €7,372 | -€2,579 | -25.9% |
| Current assets | 29/58 | €37,225 | €124,089 | +€86,864 | +233% |
| Amounts receivable after more than one year | 29 | €10,565 | €71,947 | +€61,382 | +581% |
| Other amounts receivable | 291 | €10,565 | €71,947 | +€61,382 | +581% |
| Amounts receivable within one year | 40/41 | €21,115 | €31,697 | +€10,582 | +50.1% |
| Trade receivables | 40 | €21,115 | €31,697 | +€10,582 | +50.1% |
| Current investments | 50/53 | €4,545 | €4,545 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,000 | €15,900 | +€14,900 | +1,490% |
| Total equity and liabilities | 10/49 | €47,176 | €131,461 | +€84,285 | +179% |
| Equity | 10/15 | €31,421 | €96,520 | +€65,099 | +207% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,921 | €94,020 | +€65,099 | +225% |
| Distributable reserves | 133 | €28,921 | €94,020 | +€65,099 | +225% |
| Amounts payable | 17/49 | €15,755 | €34,941 | +€19,186 | +122% |
| Amounts payable within one year | 42/48 | €15,755 | €34,941 | +€19,186 | +122% |
| Trade debts | 44 | - | €1,036 | +€1,036 | |
| Suppliers | 440/4 | - | €1,036 | +€1,036 | |
| Taxes, remuneration and social security | 45 | €15,755 | €33,905 | +€18,150 | +115% |
| Taxes | 450/3 | €15,755 | €33,905 | +€18,150 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,037 | €2,579 | +€543 | +26.6% |
| Other operating charges | 640/8 | €1,408 | €1,043 | -€365 | -25.9% |
| Gross operating margin | 9900 | €42,801 | €84,723 | +€41,922 | +97.9% |
| Operating profit (loss) | 9901 | €39,356 | €81,100 | +€41,744 | +106% |
| Financial income | 75/76B | - | €2,527 | +€2,527 | |
| Recurring financial income | 75 | - | €2,527 | +€2,527 | |
| Financial charges | 65/66B | €627 | €373 | -€254 | -40.5% |
| Recurring financial charges | 65 | €627 | €373 | -€254 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €38,729 | €83,254 | +€44,525 | +115% |
| Income taxes | 67/77 | €9,808 | €18,155 | +€8,346 | +85.1% |
| Profit (loss) for the period | 9904 | €28,921 | €65,099 | +€36,178 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €28,921 | €65,099 | +€36,178 | +125% |
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 13 October 2026 via checked.be.