Minoli: 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.
Minoli
Largest movements
- Receivables within one year +€52,432
up €52,432 (+171%), from €30,673 to €83,104
of which Other amounts receivable: +€48,741
- Cash +€24,626
up €24,626 (+22.3%), from €110,555 to €135,181
mainly Net result for the year (+€94,705) and Depreciation (+€12,261)
- Tangible fixed assets +€10,813
up €10,813 (+34.7%), from €31,149 to €41,961
of which Land and buildings: +€15,670
- Deferred charges and accrued income -€2,956
down €2,956 (-22.9%), from €12,881 to €9,926
- Reserves +€94,705
up €94,705 (+60.2%), from €157,231 to €251,936
- Tax, wage and social debts -€14,517
down €14,517 (-73.1%), from €19,872 to €5,355
- Trade debts +€4,727
up €4,727 (+123%), from €3,857 to €8,584
- Gross operating margin -€5,733
down €5,733 (-3.9%), from €145,504 to €139,770
- Depreciation +€3,778
up €3,778 (+44.5%), from €8,484 to €12,261
- Taxes -€2,004
down €2,004 (-6.3%), from €31,807 to €29,803
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 | €185,258 | €270,172 | +€84,915 | +45.8% |
| Fixed assets | 21/28 | €31,149 | €41,961 | +€10,813 | +34.7% |
| Tangible fixed assets | 22/27 | €31,149 | €41,961 | +€10,813 | +34.7% |
| Land and buildings | 22 | - | €15,670 | +€15,670 | |
| Plant, machinery and equipment | 23 | €13,590 | €10,545 | -€3,045 | -22.4% |
| Furniture and vehicles | 24 | €17,559 | €15,746 | -€1,813 | -10.3% |
| Current assets | 29/58 | €154,109 | €228,211 | +€74,102 | +48.1% |
| Amounts receivable within one year | 40/41 | €30,673 | €83,104 | +€52,432 | +171% |
| Trade receivables | 40 | €29,996 | €33,686 | +€3,691 | +12.3% |
| Other amounts receivable | 41 | €677 | €49,418 | +€48,741 | +7,201% |
| Cash at bank and in hand | 54/58 | €110,555 | €135,181 | +€24,626 | +22.3% |
| Deferred charges and accrued income | 490/1 | €12,881 | €9,926 | -€2,956 | -22.9% |
| Total equity and liabilities | 10/49 | €185,258 | €270,172 | +€84,915 | +45.8% |
| Equity | 10/15 | €159,231 | €253,936 | +€94,705 | +59.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €157,231 | €251,936 | +€94,705 | +60.2% |
| Distributable reserves | 133 | €157,231 | €251,936 | +€94,705 | +60.2% |
| Amounts payable | 17/49 | €26,026 | €16,236 | -€9,790 | -37.6% |
| Amounts payable within one year | 42/48 | €23,729 | €13,938 | -€9,790 | -41.3% |
| Trade debts | 44 | €3,857 | €8,584 | +€4,727 | +123% |
| Suppliers | 440/4 | €3,857 | €8,584 | +€4,727 | +123% |
| Taxes, remuneration and social security | 45 | €19,872 | €5,355 | -€14,517 | -73.1% |
| Taxes | 450/3 | €19,872 | €5,355 | -€14,517 | -73.1% |
| Accrued charges and deferred income | 492/3 | €2,297 | €2,297 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,484 | €12,261 | +€3,778 | +44.5% |
| Other operating charges | 640/8 | €1,102 | €1,374 | +€273 | +24.7% |
| Gross operating margin | 9900 | €145,504 | €139,770 | -€5,733 | -3.9% |
| Operating profit (loss) | 9901 | €135,919 | €126,135 | -€9,784 | -7.2% |
| Financial income | 75/76B | €0 | €51 | +€51 | +253,000% |
| Recurring financial income | 75 | €0 | €51 | +€51 | +253,000% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,876 | €1,677 | -€1,199 | -41.7% |
| Recurring financial charges | 65 | €2,876 | €1,677 | -€1,199 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €133,042 | €124,508 | -€8,534 | -6.4% |
| Income taxes | 67/77 | €31,807 | €29,803 | -€2,004 | -6.3% |
| Profit (loss) for the period | 9904 | €101,235 | €94,705 | -€6,530 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,235 | €94,705 | -€6,530 | -6.5% |
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 14 October 2026 via checked.be.