Minsaer.Consult: 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.
Minsaer.Consult
Largest movements
- Current investments +€68,000
up €68,000 (+35.2%), from €193,036 to €261,036
- Cash +€42,635
up €42,635 (+37.5%), from €113,698 to €156,332
mainly Net result for the year (+€135,928) and Depreciation (+€1,182)
- Receivables within one year +€13,705
up €13,705 (+171.2%), from €8,006 to €21,711
of which Trade receivables: +€13,749
- Profit (loss) carried forward +€135,928
up €135,928 (+52.2%), from €260,616 to €396,544
- Tax, wage and social debts -€13,510
down €13,510 (-24.8%), from €54,374 to €40,864
of which Taxes: -€15,040
- Gross operating margin -€57,524
down €57,524 (-25.0%), from €230,119 to €172,595
- Taxes -€13,567
down €13,567 (-24.8%), from €54,704 to €41,137
- Financial income +€3,924
up €3,924 (+145.1%), from €2,704 to €6,628
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 | €317,015 | €440,624 | +€123,609 | +39.0% |
| Fixed assets | 21/28 | €2,274 | €1,092 | -€1,182 | -52.0% |
| Tangible fixed assets | 22/27 | €2,274 | €1,092 | -€1,182 | -52.0% |
| Furniture and vehicles | 24 | €2,274 | €1,092 | -€1,182 | -52.0% |
| Current assets | 29/58 | €314,741 | €439,532 | +€124,791 | +39.6% |
| Amounts receivable within one year | 40/41 | €8,006 | €21,711 | +€13,705 | +171.2% |
| Trade receivables | 40 | €7,811 | €21,560 | +€13,749 | +176.0% |
| Other amounts receivable | 41 | €195 | €151 | -€44 | -22.4% |
| Current investments | 50/53 | €193,036 | €261,036 | +€68,000 | +35.2% |
| Cash at bank and in hand | 54/58 | €113,698 | €156,332 | +€42,635 | +37.5% |
| Deferred charges and accrued income | 490/1 | - | €452 | +€452 | |
| Total equity and liabilities | 10/49 | €317,015 | €440,624 | +€123,609 | +39.0% |
| Equity | 10/15 | €262,616 | €398,544 | +€135,928 | +51.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,616 | €396,544 | +€135,928 | +52.2% |
| Amounts payable | 17/49 | €54,399 | €42,079 | -€12,320 | -22.6% |
| Amounts payable within one year | 42/48 | €54,399 | €41,462 | -€12,937 | -23.8% |
| Trade debts | 44 | - | €597 | +€597 | |
| Suppliers | 440/4 | - | €597 | +€597 | |
| Taxes, remuneration and social security | 45 | €54,374 | €40,864 | -€13,510 | -24.8% |
| Taxes | 450/3 | €54,374 | €39,334 | -€15,040 | -27.7% |
| Remuneration and social security | 454/9 | - | €1,530 | +€1,530 | |
| Other amounts payable | 47/48 | €25 | - | -€25 | |
| Accrued charges and deferred income | 492/3 | - | €618 | +€618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,182 | €1,182 | = | 0.0% |
| Other operating charges | 640/8 | €659 | €1,079 | +€420 | +63.7% |
| Gross operating margin | 9900 | €230,119 | €172,595 | -€57,524 | -25.0% |
| Operating profit (loss) | 9901 | €228,277 | €170,333 | -€57,944 | -25.4% |
| Financial income | 75/76B | €2,704 | €6,628 | +€3,924 | +145.1% |
| Recurring financial income | 75 | €2,704 | €6,628 | +€3,924 | +145.1% |
| Financial charges | 65/66B | €299 | -€104 | -€403 | |
| Recurring financial charges | 65 | €299 | -€104 | -€403 | |
| Profit (loss) for the period before taxes | 9903 | €230,682 | €177,065 | -€53,617 | -23.2% |
| Income taxes | 67/77 | €54,704 | €41,137 | -€13,567 | -24.8% |
| Profit (loss) for the period | 9904 | €175,978 | €135,928 | -€40,050 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €175,978 | €135,928 | -€40,050 | -22.8% |
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 7 October 2026 via checked.be.