MINOTA: 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.
MINOTA
Largest movements
- Cash +€71,202
up €71,202 (+262.7%), from €27,104 to €98,306
mainly Receivables within one year (+€57,558) and Net result for the year (+€18,898)
- Receivables within one year -€57,558
down €57,558 (-82.2%), from €69,981 to €12,423
of which Trade receivables: -€57,350
- Tangible fixed assets -€8,801
down €8,801 (-36.5%), from €24,144 to €15,343
of which Furniture and vehicles: -€7,086
- Reserves +€18,000
up €18,000 (+34.7%), from €51,860 to €69,860
of which Distributable reserves: +€18,000
- Tax, wage and social debts -€14,101
down €14,101 (-43.3%), from €32,533 to €18,433
- Trade debts +€8,336
up €8,336 (+203.0%), from €4,106 to €12,442
- Current portion of long-term debt -€7,947
no longer reported in 2025 (was €7,947)
- Gross operating margin -€35,720
down €35,720 (-46.2%), from €77,312 to €41,592
- Taxes -€7,476
down €7,476 (-46.3%), from €16,143 to €8,667
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 | €123,214 | €128,805 | +€5,591 | +4.5% |
| Fixed assets | 21/28 | €24,144 | €15,343 | -€8,801 | -36.5% |
| Tangible fixed assets | 22/27 | €24,144 | €15,343 | -€8,801 | -36.5% |
| Plant, machinery and equipment | 23 | €4,946 | €3,232 | -€1,715 | -34.7% |
| Furniture and vehicles | 24 | €19,198 | €12,112 | -€7,086 | -36.9% |
| Current assets | 29/58 | €99,070 | €113,462 | +€14,391 | +14.5% |
| Amounts receivable within one year | 40/41 | €69,981 | €12,423 | -€57,558 | -82.2% |
| Trade receivables | 40 | €57,350 | - | -€57,350 | |
| Other amounts receivable | 41 | €12,631 | €12,423 | -€208 | -1.6% |
| Cash at bank and in hand | 54/58 | €27,104 | €98,306 | +€71,202 | +262.7% |
| Deferred charges and accrued income | 490/1 | €1,986 | €2,733 | +€747 | +37.6% |
| Total equity and liabilities | 10/49 | €123,214 | €128,805 | +€5,591 | +4.5% |
| Equity | 10/15 | €78,628 | €97,526 | +€18,898 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €69,860 | +€18,000 | +34.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €68,000 | +€18,000 | +36.0% |
| Profit (loss) carried forward | 14 | €8,168 | €9,066 | +€898 | +11.0% |
| Amounts payable | 17/49 | €44,587 | €31,279 | -€13,307 | -29.8% |
| Amounts payable within one year | 42/48 | €44,587 | €31,279 | -€13,307 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €7,947 | - | -€7,947 | |
| Trade debts | 44 | €4,106 | €12,442 | +€8,336 | +203.0% |
| Suppliers | 440/4 | €4,106 | €12,442 | +€8,336 | +203.0% |
| Taxes, remuneration and social security | 45 | €32,533 | €18,433 | -€14,101 | -43.3% |
| Taxes | 450/3 | €32,533 | €18,433 | -€14,101 | -43.3% |
| Other amounts payable | 47/48 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,110 | €12,448 | +€338 | +2.8% |
| Other operating charges | 640/8 | €1,048 | €1,283 | +€235 | +22.4% |
| Gross operating margin | 9900 | €77,312 | €41,592 | -€35,720 | -46.2% |
| Operating profit (loss) | 9901 | €64,154 | €27,861 | -€36,294 | -56.6% |
| Financial income | 75/76B | €6 | €143 | +€137 | +2258.0% |
| Recurring financial income | 75 | €6 | €143 | +€137 | +2258.0% |
| Financial charges | 65/66B | €758 | €438 | -€320 | -42.2% |
| Recurring financial charges | 65 | €758 | €438 | -€320 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €63,402 | €27,565 | -€35,837 | -56.5% |
| Income taxes | 67/77 | €16,143 | €8,667 | -€7,476 | -46.3% |
| Profit (loss) for the period | 9904 | €47,259 | €18,898 | -€28,361 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,259 | €18,898 | -€28,361 | -60.0% |
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 12 October 2026 via checked.be.