MINOS CAPITAL: 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.
MINOS CAPITAL
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+51.3%), from €2.1m to €3.3m
- Cash -€252,072
down €252,072 (-98.5%), from €256,011 to €3,939
mainly Receivables within one year (-€1.1m) and Deferred charges and accrued income (-€216,595)
- Deferred charges and accrued income +€216,595
up €216,595 (+848%), from €25,548 to €242,143
- Other debts +€1.1m
up €1.1m (+34.6%), from €3.2m to €4.3m
- Financial charges -€1.1m
down €1.1m (-90.8%), from €1.2m to €113,901
of which Non-recurring financial charges: -€1.1m
- Financial income -€70,674
down €70,674 (-24.3%), from €291,186 to €220,512
of which Financial income: -€70,674
- Other operating charges -€391
down €391 (-24.3%), from €1,608 to €1,217
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 | €8,149,752 | €9,262,275 | +€1.1m | +13.7% |
| Fixed assets | 21/28 | €5,720,293 | €5,766,006 | +€45,714 | +0.8% |
| Financial fixed assets | 28 | €5,720,293 | €5,766,006 | +€45,714 | +0.8% |
| Current assets | 29/58 | €2,429,460 | €3,496,269 | +€1.1m | +43.9% |
| Amounts receivable within one year | 40/41 | €2,147,901 | €3,250,187 | +€1.1m | +51.3% |
| Other amounts receivable | 41 | €2,147,901 | €3,250,187 | +€1.1m | +51.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €256,011 | €3,939 | -€252,072 | -98.5% |
| Deferred charges and accrued income | 490/1 | €25,548 | €242,143 | +€216,595 | +848% |
| Total equity and liabilities | 10/49 | €8,149,752 | €9,262,275 | +€1.1m | +13.7% |
| Equity | 10/15 | €4,780,029 | €4,870,891 | +€90,862 | +1.9% |
| Contributions | 10/11 | €2,033,308 | €2,033,308 | = | 0.0% |
| Capital | 10 | €2,033,308 | €2,033,308 | = | 0.0% |
| Issued capital | 100 | €2,033,308 | €2,033,308 | = | 0.0% |
| Reserves | 13 | €2,746,331 | €2,836,831 | +€90,500 | +3.3% |
| Non-distributable reserves | 130/1 | €203,331 | €203,331 | = | 0.0% |
| Legal reserve | 130 | €203,331 | €203,331 | = | 0.0% |
| Distributable reserves | 133 | €2,543,000 | €2,633,500 | +€90,500 | +3.6% |
| Profit (loss) carried forward | 14 | €391 | €752 | +€362 | +92.7% |
| Amounts payable | 17/49 | €3,369,723 | €4,391,384 | +€1.0m | +30.3% |
| Amounts payable within one year | 42/48 | €3,182,609 | €4,271,796 | +€1.1m | +34.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,354 | €6,978 | -€6,377 | -47.7% |
| Suppliers | 440/4 | €13,354 | €6,978 | -€6,377 | -47.7% |
| Other amounts payable | 47/48 | €3,169,255 | €4,264,819 | +€1.1m | +34.6% |
| Accrued charges and deferred income | 492/3 | €187,113 | €119,587 | -€67,526 | -36.1% |
| Other operating charges | 640/8 | €1,608 | €1,217 | -€391 | -24.3% |
| Gross operating margin | 9900 | -€14,590 | -€14,531 | +€59 | +0.4% |
| Operating profit (loss) | 9901 | -€16,199 | -€15,749 | +€450 | +2.8% |
| Financial income | 75/76B | €291,186 | €220,512 | -€70,674 | -24.3% |
| Recurring financial income | 75 | €291,186 | €220,512 | -€70,674 | -24.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,231,510 | €113,901 | -€1.1m | -90.8% |
| Recurring financial charges | 65 | €120,430 | €113,901 | -€6,529 | -5.4% |
| Non-recurring financial charges | 66B | €1,111,080 | €0 | -€1.1m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€956,523 | €90,862 | +€1.0m | |
| Profit (loss) for the period | 9904 | -€956,523 | €90,862 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€956,523 | €90,862 | +€1.0m |
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 19 October 2026 via checked.be.