MINOX: what changed
Two fiscal 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.
MINOX
Largest movements
- Tangible fixed assets -€20,967
down €20,967 (-19.4%), from €107,887 to €86,920
of which Furniture and vehicles: -€11,719
- Deferred charges and accrued income -€18,116
no longer reported in 2025 (was €18,116)
- Cash +€14,094
up €14,094 (+16.4%), from €85,807 to €99,901
mainly Deferred charges and accrued income (+€18,116) and Investment in fixed assets (net) (+€11,035)
- Receivables within one year -€5,317
down €5,317 (-13.4%), from €39,574 to €34,257
of which Trade receivables: -€7,373
- Short-term financial debts -€20,402
down €20,402 (-84.6%), from €24,114 to €3,712
- Tax, wage and social debts -€6,787
down €6,787 (-79.6%), from €8,527 to €1,740
- Profit (loss) carried forward -€2,784
down €2,784 (-1.7%), from €161,296 to €158,512
- Gross operating margin +€23,480
up €23,480, from -€7,354 to €16,126
- Depreciation -€822
down €822 (-7.6%), from €10,754 to €9,932
- Taxes -€404
down €404 (-67.2%), from €601 to €197
- Financial income +€337
up €337 (+104.0%), from €324 to €661
of which Financial income: +€337
- Financial charges +€257
up €257 (+15.4%), from €1,672 to €1,929
of which Financial charges: +€257
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 | €251,384 | €221,078 | -€30,306 | -12.1% |
| Fixed assets | 21/28 | €107,887 | €86,920 | -€20,967 | -19.4% |
| Tangible fixed assets | 22/27 | €107,887 | €86,920 | -€20,967 | -19.4% |
| Land and buildings | 22 | €91,155 | €82,928 | -€8,227 | -9.0% |
| Plant, machinery and equipment | 23 | €3,834 | €2,813 | -€1,021 | -26.6% |
| Furniture and vehicles | 24 | €12,898 | €1,179 | -€11,719 | -90.9% |
| Current assets | 29/58 | €143,497 | €134,158 | -€9,339 | -6.5% |
| Amounts receivable within one year | 40/41 | €39,574 | €34,257 | -€5,317 | -13.4% |
| Trade receivables | 40 | €24,564 | €17,191 | -€7,373 | -30.0% |
| Other amounts receivable | 41 | €15,010 | €17,066 | +€2,056 | +13.7% |
| Cash at bank and in hand | 54/58 | €85,807 | €99,901 | +€14,094 | +16.4% |
| Deferred charges and accrued income | 490/1 | €18,116 | - | -€18,116 | |
| Total equity and liabilities | 10/49 | €251,384 | €221,078 | -€30,306 | -12.1% |
| Equity | 10/15 | €212,956 | €210,172 | -€2,784 | -1.3% |
| Reserves | 13 | €51,660 | €51,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,800 | €49,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,296 | €158,512 | -€2,784 | -1.7% |
| Amounts payable | 17/49 | €38,428 | €10,906 | -€27,522 | -71.6% |
| Amounts payable within one year | 42/48 | €38,428 | €10,906 | -€27,522 | -71.6% |
| Financial debts | 43 | €24,114 | €3,712 | -€20,402 | -84.6% |
| Other loans | 439 | €24,114 | €3,712 | -€20,402 | -84.6% |
| Trade debts | 44 | €5,787 | €5,454 | -€333 | -5.8% |
| Suppliers | 440/4 | €5,787 | €5,454 | -€333 | -5.8% |
| Taxes, remuneration and social security | 45 | €8,527 | €1,740 | -€6,787 | -79.6% |
| Taxes | 450/3 | €8,527 | €1,740 | -€6,787 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,754 | €9,932 | -€822 | -7.6% |
| Other operating charges | 640/8 | €3,325 | €3,478 | +€153 | +4.6% |
| Non-recurring operating charges | 66A | - | €4,035 | +€4,035 | |
| Gross operating margin | 9900 | -€7,354 | €16,126 | +€23,480 | |
| Operating profit (loss) | 9901 | -€21,433 | -€1,319 | +€20,114 | +93.8% |
| Financial income | 75/76B | €324 | €661 | +€337 | +104.0% |
| Recurring financial income | 75 | €324 | €661 | +€337 | +104.0% |
| Non-recurring financial income | 76B | €324 | €661 | +€337 | +104.0% |
| Financial charges | 65/66B | €1,672 | €1,929 | +€257 | +15.4% |
| Recurring financial charges | 65 | €1,672 | €1,929 | +€257 | +15.4% |
| Non-recurring financial charges | 66B | €1,672 | €1,929 | +€257 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,781 | -€2,587 | +€20,194 | +88.6% |
| Income taxes | 67/77 | €601 | €197 | -€404 | -67.2% |
| Profit (loss) for the period | 9904 | -€23,382 | -€2,784 | +€20,598 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,382 | -€2,784 | +€20,598 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.