MINUIT: 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.
MINUIT
Largest movements
- Tangible fixed assets -€14,220
down €14,220 (-20.7%), from €68,638 to €54,418
of which Furniture and vehicles: -€11,635
- Cash -€9,444
down €9,444 (-15.7%), from €60,218 to €50,774
mainly Contributions, distributions and other (-€147,000) and Debts after one year (-€9,345)
- Reserves -€71,757
down €71,757 (-81.9%), from €87,660 to €15,902
- Other debts +€58,366
up €58,366 (+3435.6%), from €1,699 to €60,065
- Debts after one year -€9,345
down €9,345 (-92.1%), from €10,144 to €799
- Trade debts -€6,827
down €6,827 (-73.1%), from €9,333 to €2,506
- Tax, wage and social debts +€6,522
up €6,522 (+39.3%), from €16,587 to €23,110
- Gross operating margin +€33,257
up €33,257 (+42.2%), from €78,814 to €112,070
- Taxes +€7,430
up €7,430 (+56.1%), from €13,252 to €20,682
- Depreciation +€1,794
up €1,794 (+14.4%), from €12,426 to €14,220
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 | €135,835 | €113,608 | -€22,227 | -16.4% |
| Fixed assets | 21/28 | €68,638 | €54,418 | -€14,220 | -20.7% |
| Tangible fixed assets | 22/27 | €68,638 | €54,418 | -€14,220 | -20.7% |
| Plant, machinery and equipment | 23 | €1,474 | €1,103 | -€371 | -25.2% |
| Furniture and vehicles | 24 | €45,427 | €33,792 | -€11,635 | -25.6% |
| Other tangible fixed assets | 26 | €21,737 | €19,523 | -€2,214 | -10.2% |
| Current assets | 29/58 | €67,198 | €59,191 | -€8,007 | -11.9% |
| Amounts receivable within one year | 40/41 | €268 | €1,529 | +€1,261 | +470.5% |
| Trade receivables | 40 | - | €978 | +€978 | |
| Other amounts receivable | 41 | €268 | €550 | +€282 | +105.3% |
| Cash at bank and in hand | 54/58 | €60,218 | €50,774 | -€9,444 | -15.7% |
| Deferred charges and accrued income | 490/1 | €6,712 | €6,888 | +€177 | +2.6% |
| Total equity and liabilities | 10/49 | €135,835 | €113,608 | -€22,227 | -16.4% |
| Equity | 10/15 | €88,660 | €16,902 | -€71,757 | -80.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,660 | €15,902 | -€71,757 | -81.9% |
| Distributable reserves | 133 | €87,660 | €15,902 | -€71,757 | -81.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,176 | €96,706 | +€49,530 | +105.0% |
| Amounts payable after more than one year | 17 | €10,144 | €799 | -€9,345 | -92.1% |
| Financial debts | 170/4 | €10,144 | €799 | -€9,345 | -92.1% |
| Amounts payable within one year | 42/48 | €36,531 | €95,026 | +€58,494 | +160.1% |
| Current portion of amounts payable after more than one year | 42 | €8,912 | €9,345 | +€433 | +4.9% |
| Trade debts | 44 | €9,333 | €2,506 | -€6,827 | -73.1% |
| Suppliers | 440/4 | €9,333 | €2,506 | -€6,827 | -73.1% |
| Taxes, remuneration and social security | 45 | €16,587 | €23,110 | +€6,522 | +39.3% |
| Taxes | 450/3 | €16,587 | €23,110 | +€6,522 | +39.3% |
| Other amounts payable | 47/48 | €1,699 | €60,065 | +€58,366 | +3435.6% |
| Accrued charges and deferred income | 492/3 | €500 | €881 | +€381 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,426 | €14,220 | +€1,794 | +14.4% |
| Other operating charges | 640/8 | €575 | €715 | +€139 | +24.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €78,814 | €112,070 | +€33,257 | +42.2% |
| Operating profit (loss) | 9901 | €65,812 | €97,135 | +€31,323 | +47.6% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €1,397 | €1,372 | -€26 | -1.8% |
| Recurring financial charges | 65 | €1,397 | €1,372 | -€26 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €64,415 | €95,924 | +€31,509 | +48.9% |
| Income taxes | 67/77 | €13,252 | €20,682 | +€7,430 | +56.1% |
| Profit (loss) for the period | 9904 | €51,163 | €75,243 | +€24,080 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,163 | €75,243 | +€24,080 | +47.1% |
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 7 October 2026 via checked.be.