VAN MINNEBRUGGEN: 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.
VAN MINNEBRUGGEN
Largest movements
- Tangible fixed assets -€113,228
down €113,228 (-31.9%), from €355,215 to €241,987
of which Other tangible fixed assets: -€95,750
- Cash +€48,191
up €48,191 (+93.6%), from €51,491 to €99,681
mainly Investment in fixed assets (net) (+€101,224) and Current investments (+€25,000)
- Stocks and contracts +€42,770
up €42,770 (+34.2%), from €124,980 to €167,750
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Receivables within one year +€15,102
up €15,102 (+886%), from €1,704 to €16,805
of which Trade receivables: +€15,942
- Profit (loss) carried forward -€28,446
down €28,446 (-70.8%), from -€40,166 to -€68,612
- Revaluation surpluses -€18,500
down €18,500 (-52.9%), from €35,000 to €16,500
- Gross operating margin +€57,226
up €57,226 (+458%), from €12,499 to €69,725
- Depreciation -€2,514
down €2,514 (-17.3%), from €14,518 to €12,004
- Staff costs +€1,197
up €1,197 (+8.3%), from €14,406 to €15,603
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 | €574,816 | €533,341 | -€41,475 | -7.2% |
| Fixed assets | 21/28 | €355,350 | €242,122 | -€113,228 | -31.9% |
| Tangible fixed assets | 22/27 | €355,215 | €241,987 | -€113,228 | -31.9% |
| Plant, machinery and equipment | 23 | €2,529 | €1,031 | -€1,498 | -59.2% |
| Furniture and vehicles | 24 | €37,206 | €21,226 | -€15,980 | -43.0% |
| Other tangible fixed assets | 26 | €315,480 | €219,730 | -€95,750 | -30.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €219,466 | €291,219 | +€71,753 | +32.7% |
| Stocks and contracts in progress | 3 | €124,980 | €167,750 | +€42,770 | +34.2% |
| Stocks | 30/36 | €124,980 | €167,750 | +€42,770 | +34.2% |
| Amounts receivable within one year | 40/41 | €1,704 | €16,805 | +€15,102 | +886% |
| Trade receivables | 40 | €810 | €16,753 | +€15,942 | +1,967% |
| Other amounts receivable | 41 | €893 | €53 | -€840 | -94.1% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €51,491 | €99,681 | +€48,191 | +93.6% |
| Deferred charges and accrued income | 490/1 | €16,291 | €6,983 | -€9,309 | -57.1% |
| Total equity and liabilities | 10/49 | €574,816 | €533,341 | -€41,475 | -7.2% |
| Equity | 10/15 | €280,508 | €233,562 | -€46,946 | -16.7% |
| Contributions | 10/11 | €155,400 | €155,400 | = | 0.0% |
| Revaluation surpluses | 12 | €35,000 | €16,500 | -€18,500 | -52.9% |
| Reserves | 13 | €130,274 | €130,274 | = | 0.0% |
| Distributable reserves | 133 | €130,274 | €130,274 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,166 | -€68,612 | -€28,446 | -70.8% |
| Amounts payable | 17/49 | €294,308 | €299,779 | +€5,471 | +1.9% |
| Amounts payable within one year | 42/48 | €294,264 | €299,779 | +€5,515 | +1.9% |
| Trade debts | 44 | €1,119 | €1,139 | +€19 | +1.7% |
| Suppliers | 440/4 | €1,119 | €1,139 | +€19 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,115 | €971 | -€144 | -12.9% |
| Taxes | 450/3 | €276 | €6 | -€270 | -97.8% |
| Remuneration and social security | 454/9 | €839 | €965 | +€126 | +15.0% |
| Other amounts payable | 47/48 | €292,030 | €297,670 | +€5,640 | +1.9% |
| Accrued charges and deferred income | 492/3 | €44 | €0 | -€44 | -100% |
| Non-recurring operating income | 76A | - | €27,359 | +€27,359 | |
| Remuneration, social security and pensions | 62 | €14,406 | €15,603 | +€1,197 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,518 | €12,004 | -€2,514 | -17.3% |
| Other operating charges | 640/8 | €5,025 | €5,498 | +€473 | +9.4% |
| Non-recurring operating charges | 66A | €14,000 | €62,319 | +€48,319 | +345% |
| Gross operating margin | 9900 | €12,499 | €69,725 | +€57,226 | +458% |
| Operating profit (loss) | 9901 | -€35,451 | -€25,699 | +€9,752 | +27.5% |
| Financial income | 75/76B | €616 | €140 | -€477 | -77.3% |
| Recurring financial income | 75 | €616 | €140 | -€477 | -77.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,065 | €2,754 | -€311 | -10.1% |
| Recurring financial charges | 65 | €3,065 | €2,754 | -€311 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,900 | -€28,314 | +€9,586 | +25.3% |
| Income taxes | 67/77 | €143 | €133 | -€10 | -7.1% |
| Profit (loss) for the period | 9904 | -€38,042 | -€28,446 | +€9,596 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,042 | -€28,446 | +€9,596 | +25.2% |
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 17 October 2026 via checked.be.