Minovi: 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.
Minovi
Largest movements
- Tangible fixed assets -€51,480
down €51,480 (-99.3%), from €51,839 to €359
of which Furniture and vehicles: -€51,420
- Cash -€35,204
down €35,204 (-98.1%), from €35,871 to €667
mainly Deferred charges and accrued income (-€30,829) and Net result for the year (-€30,438)
- Deferred charges and accrued income +€30,829
up €30,829 (+1,956%), from €1,576 to €32,405
- Receivables within one year +€20,252
up €20,252 (+193%), from €10,504 to €30,757
of which Other amounts receivable: +€19,102
- Advances received +€35,000
new in 2025: €35,000
- Profit (loss) carried forward -€30,438
down €30,438, from €30,292 to -€146
- Current portion of long-term debt -€19,735
down €19,735 (-63.3%), from €31,180 to €11,445
- Debts after one year -€16,543
down €16,543 (-56.0%), from €29,544 to €13,001
- Tax, wage and social debts -€3,887
down €3,887 (-62.0%), from €6,274 to €2,387
- Depreciation -€16,708
down €16,708 (-97.4%), from €17,161 to €453
- Financial charges -€757
down €757 (-22.4%), from €3,372 to €2,615
- Gross operating margin +€621
up €621 (+3.2%), from -€19,673 to -€19,052
- Taxes -€435
down €435 (-77.0%), from €565 to €130
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 | €99,790 | €64,187 | -€35,603 | -35.7% |
| Fixed assets | 21/28 | €51,839 | €359 | -€51,480 | -99.3% |
| Tangible fixed assets | 22/27 | €51,839 | €359 | -€51,480 | -99.3% |
| Plant, machinery and equipment | 23 | €59 | - | -€59 | |
| Furniture and vehicles | 24 | €51,779 | €359 | -€51,420 | -99.3% |
| Current assets | 29/58 | €47,952 | €63,828 | +€15,877 | +33.1% |
| Amounts receivable within one year | 40/41 | €10,504 | €30,757 | +€20,252 | +193% |
| Trade receivables | 40 | €7,955 | €9,105 | +€1,151 | +14.5% |
| Other amounts receivable | 41 | €2,550 | €21,651 | +€19,102 | +749% |
| Cash at bank and in hand | 54/58 | €35,871 | €667 | -€35,204 | -98.1% |
| Deferred charges and accrued income | 490/1 | €1,576 | €32,405 | +€30,829 | +1,956% |
| Total equity and liabilities | 10/49 | €99,790 | €64,187 | -€35,603 | -35.7% |
| Equity | 10/15 | €32,792 | €2,354 | -€30,438 | -92.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,292 | -€146 | -€30,438 | |
| Amounts payable | 17/49 | €66,998 | €61,833 | -€5,165 | -7.7% |
| Amounts payable after more than one year | 17 | €29,544 | €13,001 | -€16,543 | -56.0% |
| Financial debts | 170/4 | €29,544 | €13,001 | -€16,543 | -56.0% |
| Amounts payable within one year | 42/48 | €37,454 | €48,832 | +€11,378 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €31,180 | €11,445 | -€19,735 | -63.3% |
| Advances received on contracts in progress | 46 | - | €35,000 | +€35,000 | |
| Taxes, remuneration and social security | 45 | €6,274 | €2,387 | -€3,887 | -62.0% |
| Taxes | 450/3 | €6,274 | €2,387 | -€3,887 | -62.0% |
| Non-recurring operating income | 76A | - | €737 | +€737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,161 | €453 | -€16,708 | -97.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €22,787 | €8,090 | -€14,697 | -64.5% |
| Gross operating margin | 9900 | -€19,673 | -€19,052 | +€621 | +3.2% |
| Operating profit (loss) | 9901 | -€59,739 | -€27,715 | +€32,024 | +53.6% |
| Financial income | 75/76B | €37 | €22 | -€16 | -41.6% |
| Recurring financial income | 75 | €37 | €22 | -€16 | -41.6% |
| Financial charges | 65/66B | €3,372 | €2,615 | -€757 | -22.4% |
| Recurring financial charges | 65 | €3,372 | €2,615 | -€757 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,074 | -€30,308 | +€32,765 | +51.9% |
| Income taxes | 67/77 | €565 | €130 | -€435 | -77.0% |
| Profit (loss) for the period | 9904 | -€63,639 | -€30,438 | +€33,201 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,639 | -€30,438 | +€33,201 | +52.2% |
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 23 October 2026 via checked.be.