MINVIER: 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.
MINVIER
Largest movements
- Tangible fixed assets +€16,210
up €16,210 (+26.9%), from €60,167 to €76,378
of which Furniture and vehicles: +€29,611
- Receivables after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Cash +€3,034
up €3,034 (+8.5%), from €35,491 to €38,525
mainly Depreciation (+€24,041) and Net result for the year (+€11,281)
- Profit (loss) carried forward +€11,281
up €11,281 (+73.4%), from -€15,362 to -€4,081
- Debts after one year +€4,824
up €4,824 (+8.9%), from €54,007 to €58,830
- Other debts -€4,403
down €4,403 (-100%), from €4,403 to €0
- Trade debts -€3,875
down €3,875 (-29.3%), from €13,247 to €9,372
- Current portion of long-term debt +€2,713
up €2,713 (+11.9%), from €22,804 to €25,518
- Gross operating margin +€38,263
up €38,263 (+991%), from €3,861 to €42,125
- Depreciation +€6,224
up €6,224 (+34.9%), from €17,817 to €24,041
- Taxes +€3,304
up €3,304, from -€40 to €3,264
- Other operating charges -€1,061
down €1,061 (-28.3%), from €3,747 to €2,686
- Financial charges +€480
up €480 (+20.6%), from €2,329 to €2,809
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 | €227,462 | €238,316 | +€10,854 | +4.8% |
| Fixed assets | 21/28 | €75,602 | €91,813 | +€16,210 | +21.4% |
| Tangible fixed assets | 22/27 | €60,167 | €76,378 | +€16,210 | +26.9% |
| Land and buildings | 22 | €40,035 | €28,301 | -€11,734 | -29.3% |
| Plant, machinery and equipment | 23 | €4,160 | €2,494 | -€1,667 | -40.1% |
| Furniture and vehicles | 24 | €15,972 | €45,583 | +€29,611 | +185% |
| Financial fixed assets | 28 | €15,435 | €15,435 | = | 0.0% |
| Current assets | 29/58 | €151,859 | €146,503 | -€5,356 | -3.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €103,322 | €104,649 | +€1,326 | +1.3% |
| Trade receivables | 40 | €67,040 | €53,035 | -€14,005 | -20.9% |
| Other amounts receivable | 41 | €36,282 | €51,613 | +€15,331 | +42.3% |
| Cash at bank and in hand | 54/58 | €35,491 | €38,525 | +€3,034 | +8.5% |
| Deferred charges and accrued income | 490/1 | €3,046 | €3,330 | +€283 | +9.3% |
| Total equity and liabilities | 10/49 | €227,462 | €238,316 | +€10,854 | +4.8% |
| Equity | 10/15 | €118,527 | €129,808 | +€11,281 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,289 | €115,289 | = | 0.0% |
| Distributable reserves | 133 | €115,289 | €115,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,362 | -€4,081 | +€11,281 | +73.4% |
| Amounts payable | 17/49 | €108,935 | €108,508 | -€427 | -0.4% |
| Amounts payable after more than one year | 17 | €54,007 | €58,830 | +€4,824 | +8.9% |
| Financial debts | 170/4 | €54,007 | €58,830 | +€4,824 | +8.9% |
| Amounts payable within one year | 42/48 | €47,496 | €42,193 | -€5,303 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €22,804 | €25,518 | +€2,713 | +11.9% |
| Trade debts | 44 | €13,247 | €9,372 | -€3,875 | -29.3% |
| Suppliers | 440/4 | €13,247 | €9,372 | -€3,875 | -29.3% |
| Taxes, remuneration and social security | 45 | €7,042 | €7,304 | +€262 | +3.7% |
| Taxes | 450/3 | €7,042 | €7,304 | +€262 | +3.7% |
| Other amounts payable | 47/48 | €4,403 | €0 | -€4,403 | -100% |
| Accrued charges and deferred income | 492/3 | €7,432 | €7,484 | +€52 | +0.7% |
| Non-recurring operating income | 76A | - | €2,175 | +€2,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,817 | €24,041 | +€6,224 | +34.9% |
| Other operating charges | 640/8 | €3,747 | €2,686 | -€1,061 | -28.3% |
| Non-recurring operating charges | 66A | €318 | €41 | -€277 | -87.0% |
| Gross operating margin | 9900 | €3,861 | €42,125 | +€38,263 | +991% |
| Operating profit (loss) | 9901 | -€18,021 | €15,356 | +€33,378 | |
| Financial income | 75/76B | €1,687 | €1,998 | +€311 | +18.4% |
| Recurring financial income | 75 | €1,687 | €1,998 | +€311 | +18.4% |
| Financial charges | 65/66B | €2,329 | €2,809 | +€480 | +20.6% |
| Recurring financial charges | 65 | €2,329 | €2,809 | +€480 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,663 | €14,545 | +€33,208 | |
| Income taxes | 67/77 | -€40 | €3,264 | +€3,304 | |
| Profit (loss) for the period | 9904 | -€18,623 | €11,281 | +€29,905 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,623 | €11,281 | +€29,905 |
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 20 October 2026 via checked.be.