MINOMA: 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.
MINOMA
Largest movements
- Cash +€48,901
up €48,901 (+24.8%), from €196,899 to €245,799
mainly Net result for the year (+€72,320) and Depreciation (+€26,593)
- Tangible fixed assets -€26,593
down €26,593 (-7.6%), from €351,424 to €324,831
of which Furniture and vehicles: -€18,273
- Receivables within one year -€15,801
down €15,801 (-36.0%), from €43,954 to €28,152
of which Trade receivables: -€20,751
- Reserves +€52,320
up €52,320 (+12.0%), from €435,270 to €487,589
- Trade debts -€28,274
down €28,274 (-97.3%), from €29,069 to €794
- Debts after one year -€24,391
down €24,391 (-10.3%), from €237,803 to €213,412
- Gross operating margin -€37,718
down €37,718 (-21.3%), from €176,910 to €139,192
- Taxes -€19,177
down €19,177 (-39.6%), from €48,480 to €29,303
- Depreciation +€4,677
up €4,677 (+21.3%), from €21,916 to €26,593
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 | €743,276 | €749,782 | +€6,506 | +0.9% |
| Fixed assets | 21/28 | €351,424 | €324,831 | -€26,593 | -7.6% |
| Tangible fixed assets | 22/27 | €351,424 | €324,831 | -€26,593 | -7.6% |
| Land and buildings | 22 | €281,059 | €272,739 | -€8,320 | -3.0% |
| Furniture and vehicles | 24 | €70,365 | €52,091 | -€18,273 | -26.0% |
| Current assets | 29/58 | €391,852 | €424,952 | +€33,099 | +8.4% |
| Amounts receivable within one year | 40/41 | €43,954 | €28,152 | -€15,801 | -36.0% |
| Trade receivables | 40 | €43,954 | €23,202 | -€20,751 | -47.2% |
| Other amounts receivable | 41 | - | €4,950 | +€4,950 | |
| Current investments | 50/53 | €151,000 | €151,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196,899 | €245,799 | +€48,901 | +24.8% |
| Total equity and liabilities | 10/49 | €743,276 | €749,782 | +€6,506 | +0.9% |
| Equity | 10/15 | €443,270 | €495,589 | +€52,320 | +11.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €435,270 | €487,589 | +€52,320 | +12.0% |
| Distributable reserves | 133 | €435,270 | €487,589 | +€52,320 | +12.0% |
| Amounts payable | 17/49 | €300,006 | €254,193 | -€45,814 | -15.3% |
| Amounts payable after more than one year | 17 | €237,803 | €213,412 | -€24,391 | -10.3% |
| Financial debts | 170/4 | €237,803 | €213,412 | -€24,391 | -10.3% |
| Amounts payable within one year | 42/48 | €62,204 | €40,781 | -€21,423 | -34.4% |
| Financial debts | 43 | €23,527 | €24,391 | +€863 | +3.7% |
| Credit institutions | 430/8 | €23,527 | €24,391 | +€863 | +3.7% |
| Trade debts | 44 | €29,069 | €794 | -€28,274 | -97.3% |
| Suppliers | 440/4 | €29,069 | €794 | -€28,274 | -97.3% |
| Taxes, remuneration and social security | 45 | €9,608 | €15,596 | +€5,988 | +62.3% |
| Taxes | 450/3 | €9,608 | €15,596 | +€5,988 | +62.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,916 | €26,593 | +€4,677 | +21.3% |
| Other operating charges | 640/8 | €2,101 | €1,991 | -€111 | -5.3% |
| Gross operating margin | 9900 | €176,910 | €139,192 | -€37,718 | -21.3% |
| Operating profit (loss) | 9901 | €152,893 | €110,609 | -€42,284 | -27.7% |
| Financial income | 75/76B | €758 | €841 | +€83 | +11.0% |
| Recurring financial income | 75 | €758 | €841 | +€83 | +11.0% |
| Financial charges | 65/66B | €10,171 | €9,828 | -€344 | -3.4% |
| Recurring financial charges | 65 | €10,171 | €9,828 | -€344 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €143,479 | €101,622 | -€41,857 | -29.2% |
| Income taxes | 67/77 | €48,480 | €29,303 | -€19,177 | -39.6% |
| Profit (loss) for the period | 9904 | €95,000 | €72,320 | -€22,680 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,000 | €72,320 | -€22,680 | -23.9% |
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.