Minsen en Co: 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.
Minsen en Co
Largest movements
- Receivables within one year +€66,617
up €66,617 (+563%), from €11,824 to €78,441
of which Trade receivables: +€55,798
- Stocks and contracts -€37,818
no longer reported in 2025 (was €37,818)
- Tangible fixed assets -€12,867
down €12,867 (-17.8%), from €72,447 to €59,580
of which Plant, machinery and equipment: -€9,129
- Deferred charges and accrued income -€3,043
down €3,043 (-82.8%), from €3,675 to €632
- Cash +€2,060
up €2,060 (+17.5%), from €11,788 to €13,848
mainly Net result for the year (+€90,920) and Stocks and contracts (+€37,818)
- Profit (loss) carried forward +€90,920
up €90,920, from -€50,367 to €40,553
- Other debts -€56,830
no longer reported in 2025 (was €56,830)
- Trade debts -€16,743
down €16,743 (-93.6%), from €17,894 to €1,150
- Tax, wage and social debts -€2,399
down €2,399 (-77.8%), from €3,082 to €683
of which Remuneration and social security: -€3,082
- Gross operating margin +€87,876
up €87,876 (+225%), from €38,982 to €126,858
- Taxes +€24,033
up €24,033 (+458%), from €5,242 to €29,275
- Depreciation -€6,946
down €6,946 (-55.2%), from €12,572 to €5,626
- Financial charges -€4,006
down €4,006 (-87.7%), from €4,565 to €560
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 | €137,552 | €152,501 | +€14,948 | +10.9% |
| Fixed assets | 21/28 | €72,447 | €59,580 | -€12,867 | -17.8% |
| Tangible fixed assets | 22/27 | €72,447 | €59,580 | -€12,867 | -17.8% |
| Land and buildings | 22 | €59,760 | €56,021 | -€3,739 | -6.3% |
| Plant, machinery and equipment | 23 | €12,687 | €3,559 | -€9,129 | -72.0% |
| Current assets | 29/58 | €65,105 | €92,921 | +€27,816 | +42.7% |
| Stocks and contracts in progress | 3 | €37,818 | - | -€37,818 | |
| Stocks | 30/36 | €37,818 | - | -€37,818 | |
| Amounts receivable within one year | 40/41 | €11,824 | €78,441 | +€66,617 | +563% |
| Trade receivables | 40 | €7,888 | €63,686 | +€55,798 | +707% |
| Other amounts receivable | 41 | €3,936 | €14,755 | +€10,819 | +275% |
| Cash at bank and in hand | 54/58 | €11,788 | €13,848 | +€2,060 | +17.5% |
| Deferred charges and accrued income | 490/1 | €3,675 | €632 | -€3,043 | -82.8% |
| Total equity and liabilities | 10/49 | €137,552 | €152,501 | +€14,948 | +10.9% |
| Equity | 10/15 | €59,647 | €150,567 | +€90,920 | +152% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,014 | €10,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €14 | €14 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,367 | €40,553 | +€90,920 | |
| Amounts payable | 17/49 | €77,906 | €1,934 | -€75,972 | -97.5% |
| Amounts payable within one year | 42/48 | €77,906 | €1,934 | -€75,972 | -97.5% |
| Trade debts | 44 | €17,894 | €1,150 | -€16,743 | -93.6% |
| Suppliers | 440/4 | €17,894 | €1,150 | -€16,743 | -93.6% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,082 | €683 | -€2,399 | -77.8% |
| Taxes | 450/3 | - | €683 | +€683 | |
| Remuneration and social security | 454/9 | €3,082 | - | -€3,082 | |
| Other amounts payable | 47/48 | €56,830 | - | -€56,830 | |
| Remuneration, social security and pensions | 62 | €1,175 | €485 | -€691 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,572 | €5,626 | -€6,946 | -55.2% |
| Other operating charges | 640/8 | €622 | €62 | -€560 | -90.0% |
| Gross operating margin | 9900 | €38,982 | €126,858 | +€87,876 | +225% |
| Operating profit (loss) | 9901 | €24,613 | €120,685 | +€96,072 | +390% |
| Financial income | 75/76B | €96 | €70 | -€26 | -27.4% |
| Recurring financial income | 75 | €96 | €70 | -€26 | -27.4% |
| Financial charges | 65/66B | €4,565 | €560 | -€4,006 | -87.7% |
| Recurring financial charges | 65 | €4,565 | €560 | -€4,006 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €20,144 | €120,195 | +€100,052 | +497% |
| Income taxes | 67/77 | €5,242 | €29,275 | +€24,033 | +458% |
| Profit (loss) for the period | 9904 | €14,902 | €90,920 | +€76,019 | +510% |
| Profit (loss) for the period to be appropriated | 9905 | €14,902 | €90,920 | +€76,019 | +510% |
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.