Minpack: 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.
Minpack
Largest movements
- Stocks and contracts -€52,987
down €52,987 (-58.7%), from €90,245 to €37,257
of which Contracts in progress: -€67,683
- Receivables within one year -€24,122
down €24,122 (-45.2%), from €53,370 to €29,248
- Tangible fixed assets +€2,851
up €2,851 (+2.9%), from €99,433 to €102,283
of which Plant, machinery and equipment: +€6,266
- Profit (loss) carried forward -€163,274
new in 2023: -€163,274
- Other debts +€65,894
up €65,894 (+35.1%), from €187,965 to €253,859
- Tax, wage and social debts +€23,504
up €23,504 (+117.4%), from €20,022 to €43,526
- Gross operating margin -€162,219
down €162,219, from €13,572 to -€148,647
- Depreciation +€7,074
up €7,074 (+239.4%), from €2,955 to €10,029
- Taxes -€1,990
down €1,990 (-95.5%), from €2,084 to €94
From the 2022 result to the 2023 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,047 | €168,789 | -€74,258 | -30.6% |
| Fixed assets | 21/28 | €99,433 | €102,283 | +€2,851 | +2.9% |
| Tangible fixed assets | 22/27 | €99,433 | €102,283 | +€2,851 | +2.9% |
| Land and buildings | 22 | €12,498 | €11,873 | -€625 | -5.0% |
| Plant, machinery and equipment | 23 | €59,042 | €65,308 | +€6,266 | +10.6% |
| Furniture and vehicles | 24 | €27,892 | €25,102 | -€2,790 | -10.0% |
| Current assets | 29/58 | €143,614 | €66,506 | -€77,109 | -53.7% |
| Stocks and contracts in progress | 3 | €90,245 | €37,257 | -€52,987 | -58.7% |
| Stocks | 30/36 | €22,561 | €37,257 | +€14,696 | +65.1% |
| Contracts in progress | 37 | €67,683 | - | -€67,683 | |
| Amounts receivable within one year | 40/41 | €53,370 | €29,248 | -€24,122 | -45.2% |
| Trade receivables | 40 | €53,370 | €29,248 | -€24,122 | -45.2% |
| Total equity and liabilities | 10/49 | €243,047 | €168,789 | -€74,258 | -30.6% |
| Equity | 10/15 | €20,567 | -€142,707 | -€163,274 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,567 | €5,567 | = | 0.0% |
| Distributable reserves | 133 | €5,567 | €5,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€163,274 | -€163,274 | |
| Amounts payable | 17/49 | €222,480 | €311,496 | +€89,016 | +40.0% |
| Amounts payable within one year | 42/48 | €222,480 | €311,496 | +€89,016 | +40.0% |
| Financial debts | 43 | €14,368 | €14,111 | -€257 | -1.8% |
| Credit institutions | 430/8 | €14,368 | €14,111 | -€257 | -1.8% |
| Trade debts | 44 | €125 | - | -€125 | |
| Suppliers | 440/4 | €125 | - | -€125 | |
| Taxes, remuneration and social security | 45 | €20,022 | €43,526 | +€23,504 | +117.4% |
| Taxes | 450/3 | €20,022 | €43,526 | +€23,504 | +117.4% |
| Other amounts payable | 47/48 | €187,965 | €253,859 | +€65,894 | +35.1% |
| Non-recurring operating income | 76A | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €10,029 | +€7,074 | +239.4% |
| Other operating charges | 640/8 | €971 | €2,277 | +€1,306 | +134.5% |
| Gross operating margin | 9900 | €13,572 | -€148,647 | -€162,219 | |
| Operating profit (loss) | 9901 | €9,645 | -€160,954 | -€170,599 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,998 | €2,226 | +€228 | +11.4% |
| Recurring financial charges | 65 | €1,998 | €2,226 | +€228 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €7,650 | -€163,180 | -€170,830 | |
| Income taxes | 67/77 | €2,084 | €94 | -€1,990 | -95.5% |
| Profit (loss) for the period | 9904 | €5,567 | -€163,274 | -€168,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,567 | -€163,274 | -€168,841 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.