PRINCE MINNOYE: 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.
PRINCE MINNOYE
Largest movements
- Cash +€15,539
up €15,539 (+121%), from €12,854 to €28,393
mainly Net result for the year (+€13,966) and Depreciation (+€9,099)
- Deferred charges and accrued income -€2,970
down €2,970 (-57.1%), from €5,198 to €2,228
- Receivables within one year -€1,913
down €1,913 (-52.1%), from €3,675 to €1,762
of which Other amounts receivable: -€3,212
- Tangible fixed assets +€1,890
up €1,890 (+17.4%), from €10,880 to €12,770
of which Furniture and vehicles: +€1,954
- Stocks and contracts +€737
up €737 (+14.7%), from €5,016 to €5,753
- Reserves +€13,966
up €13,966 (+156%), from €8,979 to €22,945
- Trade debts -€3,106
down €3,106 (-91.8%), from €3,383 to €277
- Other debts +€2,504
up €2,504 (+12.5%), from €20,041 to €22,545
- Gross operating margin +€8,860
up €8,860 (+42.2%), from €20,983 to €29,843
- Taxes +€2,849
up €2,849 (+114%), from €2,499 to €5,348
- Depreciation +€2,134
up €2,134 (+30.6%), from €6,964 to €9,099
- Financial charges -€765
down €765 (-66.2%), from €1,155 to €391
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 | €37,623 | €50,906 | +€13,283 | +35.3% |
| Fixed assets | 21/28 | €10,880 | €12,770 | +€1,890 | +17.4% |
| Tangible fixed assets | 22/27 | €10,880 | €12,770 | +€1,890 | +17.4% |
| Plant, machinery and equipment | 23 | €2,764 | €2,701 | -€64 | -2.3% |
| Furniture and vehicles | 24 | €8,116 | €10,070 | +€1,954 | +24.1% |
| Current assets | 29/58 | €26,743 | €38,135 | +€11,393 | +42.6% |
| Stocks and contracts in progress | 3 | €5,016 | €5,753 | +€737 | +14.7% |
| Stocks | 30/36 | €5,016 | €5,753 | +€737 | +14.7% |
| Amounts receivable within one year | 40/41 | €3,675 | €1,762 | -€1,913 | -52.1% |
| Trade receivables | 40 | - | €1,299 | +€1,299 | |
| Other amounts receivable | 41 | €3,675 | €463 | -€3,212 | -87.4% |
| Cash at bank and in hand | 54/58 | €12,854 | €28,393 | +€15,539 | +121% |
| Deferred charges and accrued income | 490/1 | €5,198 | €2,228 | -€2,970 | -57.1% |
| Total equity and liabilities | 10/49 | €37,623 | €50,906 | +€13,283 | +35.3% |
| Equity | 10/15 | €11,979 | €25,945 | +€13,966 | +117% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,979 | €22,945 | +€13,966 | +156% |
| Distributable reserves | 133 | €8,979 | €22,945 | +€13,966 | +156% |
| Amounts payable | 17/49 | €25,644 | €24,961 | -€683 | -2.7% |
| Amounts payable within one year | 42/48 | €25,644 | €24,961 | -€683 | -2.7% |
| Trade debts | 44 | €3,383 | €277 | -€3,106 | -91.8% |
| Suppliers | 440/4 | €3,383 | €277 | -€3,106 | -91.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,220 | €2,139 | -€81 | -3.7% |
| Taxes | 450/3 | €220 | €2,139 | +€1,919 | +872% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €20,041 | €22,545 | +€2,504 | +12.5% |
| Non-recurring operating income | 76A | €1,604 | €0 | -€1,604 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,964 | €9,099 | +€2,134 | +30.6% |
| Other operating charges | 640/8 | €1,474 | €1,392 | -€82 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €20,983 | €29,843 | +€8,860 | +42.2% |
| Operating profit (loss) | 9901 | €12,545 | €19,352 | +€6,807 | +54.3% |
| Financial income | 75/76B | €66 | €352 | +€286 | +436% |
| Recurring financial income | 75 | €66 | €352 | +€286 | +436% |
| Financial charges | 65/66B | €1,155 | €391 | -€765 | -66.2% |
| Recurring financial charges | 65 | €1,155 | €391 | -€765 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €11,456 | €19,314 | +€7,858 | +68.6% |
| Income taxes | 67/77 | €2,499 | €5,348 | +€2,849 | +114% |
| Profit (loss) for the period | 9904 | €8,957 | €13,966 | +€5,009 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,957 | €13,966 | +€5,009 | +55.9% |
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 1 November 2026 via checked.be.