STUDIO MINNE: 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.
STUDIO MINNE
Largest movements
- Cash +€53,537
up €53,537 (+18.1%), from €296,099 to €349,636
mainly Advances received (+€103,048) and Other debts (+€93,853)
- Tangible fixed assets +€48,380
up €48,380 (+391.8%), from €12,349 to €60,730
of which Other tangible fixed assets: +€47,175
- Receivables within one year +€35,568
up €35,568 (+324.5%), from €10,961 to €46,529
of which Other amounts receivable: +€45,166
- Stocks and contracts +€6,198
up €6,198 (+23.3%), from €26,549 to €32,748
- Advances received +€103,048
new in 2025: €103,048
- Other debts +€93,853
up €93,853 (+1166.3%), from €8,047 to €101,900
- Reserves -€31,666
down €31,666 (-11.7%), from €271,382 to €239,716
- Tax, wage and social debts -€20,116
down €20,116 (-98.9%), from €20,342 to €225
of which Remuneration and social security: -€11,204
- Gross operating margin -€66,895
down €66,895 (-58.0%), from €115,247 to €48,352
- Taxes -€16,731
down €16,731 (-67.9%), from €24,624 to €7,893
- Depreciation +€7,751
up €7,751 (+524.6%), from €1,478 to €9,228
- Financial income -€3,418
down €3,418 (-98.3%), from €3,476 to €58
- Financial charges +€2,636
up €2,636 (+295.4%), from €892 to €3,529
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 | €360,236 | €506,267 | +€146,031 | +40.5% |
| Fixed assets | 21/28 | €25,873 | €72,903 | +€47,030 | +181.8% |
| Intangible fixed assets | 21 | €13,463 | €12,113 | -€1,350 | -10.0% |
| Tangible fixed assets | 22/27 | €12,349 | €60,730 | +€48,380 | +391.8% |
| Land and buildings | 22 | €6,733 | €5,652 | -€1,081 | -16.0% |
| Plant, machinery and equipment | 23 | €655 | €333 | -€322 | -49.2% |
| Furniture and vehicles | 24 | €4,962 | €7,570 | +€2,608 | +52.6% |
| Other tangible fixed assets | 26 | - | €47,175 | +€47,175 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €334,363 | €433,364 | +€99,001 | +29.6% |
| Stocks and contracts in progress | 3 | €26,549 | €32,748 | +€6,198 | +23.3% |
| Stocks | 30/36 | €26,549 | €32,748 | +€6,198 | +23.3% |
| Amounts receivable within one year | 40/41 | €10,961 | €46,529 | +€35,568 | +324.5% |
| Trade receivables | 40 | €9,598 | €0 | -€9,598 | -100.0% |
| Other amounts receivable | 41 | €1,363 | €46,529 | +€45,166 | +3312.6% |
| Cash at bank and in hand | 54/58 | €296,099 | €349,636 | +€53,537 | +18.1% |
| Deferred charges and accrued income | 490/1 | €754 | €4,452 | +€3,698 | +490.5% |
| Total equity and liabilities | 10/49 | €360,236 | €506,267 | +€146,031 | +40.5% |
| Equity | 10/15 | €289,982 | €258,316 | -€31,666 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,382 | €239,716 | -€31,666 | -11.7% |
| Distributable reserves | 133 | €271,382 | €239,716 | -€31,666 | -11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,254 | €247,951 | +€177,697 | +252.9% |
| Amounts payable within one year | 42/48 | €70,254 | €243,279 | +€173,025 | +246.3% |
| Trade debts | 44 | €41,865 | €38,106 | -€3,759 | -9.0% |
| Suppliers | 440/4 | €41,865 | €38,106 | -€3,759 | -9.0% |
| Advances received on contracts in progress | 46 | - | €103,048 | +€103,048 | |
| Taxes, remuneration and social security | 45 | €20,342 | €225 | -€20,116 | -98.9% |
| Taxes | 450/3 | €9,138 | €225 | -€8,912 | -97.5% |
| Remuneration and social security | 454/9 | €11,204 | €0 | -€11,204 | -100.0% |
| Other amounts payable | 47/48 | €8,047 | €101,900 | +€93,853 | +1166.3% |
| Accrued charges and deferred income | 492/3 | - | €4,672 | +€4,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,478 | €9,228 | +€7,751 | +524.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,498 | €4,426 | +€928 | +26.5% |
| Gross operating margin | 9900 | €115,247 | €48,352 | -€66,895 | -58.0% |
| Operating profit (loss) | 9901 | €110,272 | €34,698 | -€75,574 | -68.5% |
| Financial income | 75/76B | €3,476 | €58 | -€3,418 | -98.3% |
| Recurring financial income | 75 | €3,476 | €58 | -€3,418 | -98.3% |
| Financial charges | 65/66B | €892 | €3,529 | +€2,636 | +295.4% |
| Recurring financial charges | 65 | €892 | €3,529 | +€2,636 | +295.4% |
| Profit (loss) for the period before taxes | 9903 | €112,855 | €31,227 | -€81,629 | -72.3% |
| Income taxes | 67/77 | €24,624 | €7,893 | -€16,731 | -67.9% |
| Profit (loss) for the period | 9904 | €88,231 | €23,334 | -€64,898 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,231 | €23,334 | -€64,898 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.