MINOKA: 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.
MINOKA
Largest movements
- Cash +€31,514
up €31,514 (+17.8%), from €176,791 to €208,305
mainly Net result for the year (+€25,321) and Depreciation (+€23,729)
- Tangible fixed assets -€23,729
down €23,729 (-31.5%), from €75,347 to €51,618
of which Leasing and similar rights: -€15,344
- Receivables within one year -€19,991
down €19,991 (-51.8%), from €38,610 to €18,618
of which Trade receivables: -€17,710
- Receivables after one year -€15,242
down €15,242 (-30.3%), from €50,242 to €35,000
- Debts after one year -€12,759
down €12,759 (-31.9%), from €39,966 to €27,206
- Reserves -€6,208
down €6,208 (-2.4%), from €262,920 to €256,711
of which Distributable reserves: -€6,208
- Tax, wage and social debts -€5,190
down €5,190 (-84.2%), from €6,167 to €977
- Gross operating margin -€34,758
down €34,758 (-34.8%), from €99,803 to €65,045
- Taxes -€8,501
down €8,501 (-42.6%), from €19,977 to €11,477
- Other operating charges -€2,549
down €2,549 (-56.5%), from €4,510 to €1,961
- Financial charges -€1,441
down €1,441 (-36.0%), from €3,999 to €2,558
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 | €340,989 | €315,789 | -€25,200 | -7.4% |
| Fixed assets | 21/28 | €75,347 | €51,618 | -€23,729 | -31.5% |
| Tangible fixed assets | 22/27 | €75,347 | €51,618 | -€23,729 | -31.5% |
| Furniture and vehicles | 24 | €9,250 | €1,528 | -€7,722 | -83.5% |
| Leasing and similar rights | 25 | €61,544 | €46,200 | -€15,344 | -24.9% |
| Other tangible fixed assets | 26 | €4,552 | €3,889 | -€663 | -14.6% |
| Current assets | 29/58 | €265,642 | €264,171 | -€1,471 | -0.6% |
| Amounts receivable after more than one year | 29 | €50,242 | €35,000 | -€15,242 | -30.3% |
| Other amounts receivable | 291 | €50,242 | €35,000 | -€15,242 | -30.3% |
| Amounts receivable within one year | 40/41 | €38,610 | €18,618 | -€19,991 | -51.8% |
| Trade receivables | 40 | €34,658 | €16,948 | -€17,710 | -51.1% |
| Other amounts receivable | 41 | €3,952 | €1,671 | -€2,281 | -57.7% |
| Cash at bank and in hand | 54/58 | €176,791 | €208,305 | +€31,514 | +17.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,248 | +€2,248 | |
| Total equity and liabilities | 10/49 | €340,989 | €315,789 | -€25,200 | -7.4% |
| Equity | 10/15 | €275,320 | €269,111 | -€6,208 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,920 | €256,711 | -€6,208 | -2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €262,920 | €256,711 | -€6,208 | -2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,670 | €46,677 | -€18,992 | -28.9% |
| Amounts payable after more than one year | 17 | €39,966 | €27,206 | -€12,759 | -31.9% |
| Financial debts | 170/4 | €39,966 | €27,206 | -€12,759 | -31.9% |
| Amounts payable within one year | 42/48 | €25,704 | €19,471 | -€6,233 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €12,228 | €12,759 | +€531 | +4.3% |
| Trade debts | 44 | €4,672 | €2,059 | -€2,614 | -55.9% |
| Suppliers | 440/4 | €4,672 | €2,059 | -€2,614 | -55.9% |
| Taxes, remuneration and social security | 45 | €6,167 | €977 | -€5,190 | -84.2% |
| Taxes | 450/3 | €6,167 | €977 | -€5,190 | -84.2% |
| Other amounts payable | 47/48 | €2,636 | €3,676 | +€1,040 | +39.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,594 | €23,729 | -€865 | -3.5% |
| Other operating charges | 640/8 | €4,510 | €1,961 | -€2,549 | -56.5% |
| Gross operating margin | 9900 | €99,803 | €65,045 | -€34,758 | -34.8% |
| Operating profit (loss) | 9901 | €70,699 | €39,355 | -€31,344 | -44.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,999 | €2,558 | -€1,441 | -36.0% |
| Recurring financial charges | 65 | €3,999 | €2,558 | -€1,441 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €66,700 | €36,797 | -€29,902 | -44.8% |
| Income taxes | 67/77 | €19,977 | €11,477 | -€8,501 | -42.6% |
| Profit (loss) for the period | 9904 | €46,722 | €25,321 | -€21,402 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,722 | €25,321 | -€21,402 | -45.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.