MINQUIERS: 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.
MINQUIERS
Largest movements
- Current investments -€1.5m
down €1.5m (-16.7%), from €9.2m to €7.6m
- Receivables within one year +€1.3m
up €1.3m (+5.2%), from €24.3m to €25.6m
of which Other amounts receivable: +€1.3m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€243,964
down €243,964 (-21.4%), from €1.1m to €898,084
- Financial charges +€174,897
up €174,897 (+84.5%), from €206,861 to €381,758
of which Non-recurring financial charges: +€200,000
- Taxes +€76,786
new in 2025: €76,786
- Gross operating margin -€21,561
down €21,561 (-16.0%), from -€134,954 to -€156,514
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 | €43,347,867 | €43,507,648 | +€159,781 | +0.4% |
| Fixed assets | 21/28 | €9,669,515 | €9,719,515 | +€50,000 | +0.5% |
| Financial fixed assets | 28 | €9,669,515 | €9,719,515 | +€50,000 | +0.5% |
| Current assets | 29/58 | €33,678,351 | €33,788,132 | +€109,781 | +0.3% |
| Amounts receivable within one year | 40/41 | €24,329,048 | €25,587,166 | +€1.3m | +5.2% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €24,314,048 | €25,572,166 | +€1.3m | +5.2% |
| Current investments | 50/53 | €9,178,330 | €7,641,457 | -€1.5m | -16.7% |
| Cash at bank and in hand | 54/58 | €170,973 | €558,762 | +€387,788 | +227% |
| Deferred charges and accrued income | 490/1 | - | €748 | +€748 | |
| Total equity and liabilities | 10/49 | €43,347,867 | €43,507,648 | +€159,781 | +0.4% |
| Equity | 10/15 | €42,138,750 | €42,420,777 | +€282,027 | +0.7% |
| Contributions | 10/11 | €40,568,000 | €40,568,000 | = | 0.0% |
| Reserves | 13 | €4,481,136 | €4,481,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,481,136 | €3,230,136 | -€1.3m | -27.9% |
| Reserves not available under the articles | 1311 | €1,251,000 | - | -€1.3m | |
| Own shares acquired | 1312 | €3,230,136 | €3,230,136 | = | 0.0% |
| Distributable reserves | 133 | - | €1,251,000 | +€1.3m | |
| Profit (loss) carried forward | 14 | -€2,910,386 | -€2,628,359 | +€282,027 | +9.7% |
| Amounts payable | 17/49 | €1,209,117 | €1,086,871 | -€122,246 | -10.1% |
| Amounts payable after more than one year | 17 | €1,000,000 | €857,143 | -€142,857 | -14.3% |
| Financial debts | 170/4 | €1,000,000 | €857,143 | -€142,857 | -14.3% |
| Amounts payable within one year | 42/48 | €209,117 | €229,728 | +€20,611 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €142,857 | €142,857 | = | 0.0% |
| Trade debts | 44 | €27,483 | €44,301 | +€16,818 | +61.2% |
| Suppliers | 440/4 | €27,483 | €44,301 | +€16,818 | +61.2% |
| Taxes, remuneration and social security | 45 | €500 | €42,570 | +€42,070 | +8,414% |
| Taxes | 450/3 | €500 | €42,570 | +€42,070 | +8,414% |
| Other amounts payable | 47/48 | €38,277 | - | -€38,277 | |
| Other operating charges | 640/8 | €996 | €998 | +€3 | +0.3% |
| Gross operating margin | 9900 | -€134,954 | -€156,514 | -€21,561 | -16.0% |
| Operating profit (loss) | 9901 | -€135,949 | -€157,513 | -€21,564 | -15.9% |
| Financial income | 75/76B | €1,142,048 | €898,084 | -€243,964 | -21.4% |
| Recurring financial income | 75 | €1,142,048 | €898,084 | -€243,964 | -21.4% |
| Financial charges | 65/66B | €206,861 | €381,758 | +€174,897 | +84.5% |
| Recurring financial charges | 65 | €206,861 | €181,758 | -€25,103 | -12.1% |
| Non-recurring financial charges | 66B | - | €200,000 | +€200,000 | |
| Profit (loss) for the period before taxes | 9903 | €799,238 | €358,813 | -€440,424 | -55.1% |
| Income taxes | 67/77 | - | €76,786 | +€76,786 | |
| Profit (loss) for the period | 9904 | €799,238 | €282,027 | -€517,210 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €799,238 | €282,027 | -€517,210 | -64.7% |
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 31 October 2026 via checked.be.