MINOTORIW: 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.
MINOTORIW
Largest movements
- Tangible fixed assets -€8,390
down €8,390 (-5.2%), from €161,975 to €153,586
- Profit (loss) carried forward -€8,723
down €8,723 (-28.8%), from -€30,299 to -€39,022
- Debts after one year -€6,092
down €6,092 (-7.3%), from €83,191 to €77,100
- Trade debts +€4,719
new in 2025: €4,719
- Gross operating margin -€8,990
down €8,990 (-66.0%), from €13,630 to €4,641
- Other operating charges +€844
up €844 (+39.0%), from €2,166 to €3,009
- Financial charges -€518
down €518 (-20.9%), from €2,482 to €1,964
- Taxes -€158
no longer reported in 2025 (was €158)
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 | €164,881 | €154,275 | -€10,606 | -6.4% |
| Fixed assets | 21/28 | €161,975 | €153,586 | -€8,390 | -5.2% |
| Tangible fixed assets | 22/27 | €161,975 | €153,586 | -€8,390 | -5.2% |
| Land and buildings | 22 | €161,975 | €153,586 | -€8,390 | -5.2% |
| Current assets | 29/58 | €2,906 | €690 | -€2,216 | -76.3% |
| Amounts receivable within one year | 40/41 | €1,097 | - | -€1,097 | |
| Other amounts receivable | 41 | €1,097 | - | -€1,097 | |
| Cash at bank and in hand | 54/58 | €724 | - | -€724 | |
| Deferred charges and accrued income | 490/1 | €1,085 | €690 | -€395 | -36.4% |
| Total equity and liabilities | 10/49 | €164,881 | €154,275 | -€10,606 | -6.4% |
| Equity | 10/15 | -€22,239 | -€30,962 | -€8,723 | -39.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,299 | -€39,022 | -€8,723 | -28.8% |
| Amounts payable | 17/49 | €187,120 | €185,237 | -€1,883 | -1.0% |
| Amounts payable after more than one year | 17 | €83,191 | €77,100 | -€6,092 | -7.3% |
| Financial debts | 170/4 | €83,191 | €77,100 | -€6,092 | -7.3% |
| Amounts payable within one year | 42/48 | €103,929 | €108,137 | +€4,209 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €5,962 | €6,092 | +€129 | +2.2% |
| Trade debts | 44 | - | €4,719 | +€4,719 | |
| Suppliers | 440/4 | - | €4,719 | +€4,719 | |
| Taxes, remuneration and social security | 45 | €158 | €158 | = | 0.0% |
| Taxes | 450/3 | €158 | €158 | = | 0.0% |
| Other amounts payable | 47/48 | €97,809 | €97,169 | -€640 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,390 | €8,390 | = | 0.0% |
| Other operating charges | 640/8 | €2,166 | €3,009 | +€844 | +39.0% |
| Gross operating margin | 9900 | €13,630 | €4,641 | -€8,990 | -66.0% |
| Operating profit (loss) | 9901 | €3,075 | -€6,758 | -€9,833 | |
| Financial charges | 65/66B | €2,482 | €1,964 | -€518 | -20.9% |
| Recurring financial charges | 65 | €2,482 | €1,964 | -€518 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €593 | -€8,723 | -€9,315 | |
| Income taxes | 67/77 | €158 | - | -€158 | |
| Profit (loss) for the period | 9904 | €435 | -€8,723 | -€9,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €435 | -€8,723 | -€9,157 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.