Minelli: what changed
What changed
Minelli
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€3,880
2024 · €54,780-€50,901
Equity
-€308,747
2024 · -€312,626+€3,880
Cash
€118,971
2024 · €89,754+€29,217
Balance sheet total
€4.8m
2024 · €4.9m-€90,709
Largest movements
Assets
- Receivables within one year -€90,519
down €90,519 (-52.6%), from €172,049 to €81,530
of which Trade receivables: -€89,625
Equity and liabilities
- Debts after one year -€200,656
down €200,656 (-5.4%), from €3.7m to €3.5m
- Advances received +€63,066
up €63,066 (+65.6%), from €96,094 to €159,159
- Other debts +€53,255
up €53,255 (+5.8%), from €917,198 to €970,454
Income statement
- Staff costs +€151,606
up €151,606 (+76.8%), from €197,453 to €349,060
- Gross operating margin +€147,458
up €147,458 (+17.7%), from €831,324 to €978,783
- Depreciation +€26,886
up €26,886 (+6.5%), from €415,129 to €442,016
- Other operating charges +€10,939
up €10,939 (+57.2%), from €19,134 to €30,073
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,780
Gross operating margin
+€147,458
Staff costs
-€151,606
Depreciation
-€26,886
Other operating charges
-€10,939
Financial income
-€431
Financial charges
-€8,496
Result 2025
€3,880
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€637,051
Investment
-€412,608
Financing
-€195,225
Cash 2024
€89,754
From operations (derived)
+€637,051
Net result for the year
+€3,880
Depreciation
+€442,016
Receivables within one year
+€90,519
Trade debts
-€37,719
Tax, wage and social debts
+€22,035
Advances received
+€63,066
Other debts
+€53,255
Investment (derived)
-€412,608
Investment in fixed assets (net)
-€412,608
Financing
-€195,225
Debts after one year
-€200,656
Current portion of long-term debt
+€5,431
Cash 2025
€118,971
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,867,752 | €4,777,043 | -€90,709 | -1.9% |
| Fixed assets | 21/28 | €4,605,949 | €4,576,542 | -€29,407 | -0.6% |
| Tangible fixed assets | 22/27 | €4,605,349 | €4,575,942 | -€29,407 | -0.6% |
| Land and buildings | 22 | €4,040,101 | €4,117,822 | +€77,721 | +1.9% |
| Plant, machinery and equipment | 23 | €103,619 | €76,438 | -€27,181 | -26.2% |
| Furniture and vehicles | 24 | €461,630 | €364,942 | -€96,688 | -20.9% |
| Other tangible fixed assets | 26 | - | €16,740 | +€16,740 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €261,803 | €200,501 | -€61,302 | -23.4% |
| Amounts receivable within one year | 40/41 | €172,049 | €81,530 | -€90,519 | -52.6% |
| Trade receivables | 40 | €171,136 | €81,511 | -€89,625 | -52.4% |
| Other amounts receivable | 41 | €913 | €20 | -€894 | -97.8% |
| Cash at bank and in hand | 54/58 | €89,754 | €118,971 | +€29,217 | +32.6% |
| Total equity and liabilities | 10/49 | €4,867,752 | €4,777,043 | -€90,709 | -1.9% |
| Equity | 10/15 | -€312,626 | -€308,747 | +€3,880 | +1.2% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€882,626 | -€878,747 | +€3,880 | +0.4% |
| Amounts payable | 17/49 | €5,180,379 | €5,085,789 | -€94,589 | -1.8% |
| Amounts payable after more than one year | 17 | €3,690,430 | €3,489,774 | -€200,656 | -5.4% |
| Financial debts | 170/4 | €3,690,430 | €3,489,774 | -€200,656 | -5.4% |
| Amounts payable within one year | 42/48 | €1,489,949 | €1,596,015 | +€106,067 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €195,225 | €200,656 | +€5,431 | +2.8% |
| Trade debts | 44 | €249,424 | €211,705 | -€37,719 | -15.1% |
| Suppliers | 440/4 | €249,424 | €211,705 | -€37,719 | -15.1% |
| Advances received on contracts in progress | 46 | €96,094 | €159,159 | +€63,066 | +65.6% |
| Taxes, remuneration and social security | 45 | €32,007 | €54,042 | +€22,035 | +68.8% |
| Taxes | 450/3 | €19,361 | €32,909 | +€13,548 | +70.0% |
| Remuneration and social security | 454/9 | €12,646 | €21,133 | +€8,487 | +67.1% |
| Other amounts payable | 47/48 | €917,198 | €970,454 | +€53,255 | +5.8% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €197,453 | €349,060 | +€151,606 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415,129 | €442,016 | +€26,886 | +6.5% |
| Other operating charges | 640/8 | €19,134 | €30,073 | +€10,939 | +57.2% |
| Gross operating margin | 9900 | €831,324 | €978,783 | +€147,458 | +17.7% |
| Operating profit (loss) | 9901 | €199,607 | €157,634 | -€41,973 | -21.0% |
| Financial income | 75/76B | €4,017 | €3,586 | -€431 | -10.7% |
| Recurring financial income | 75 | €4,017 | €3,586 | -€431 | -10.7% |
| Financial charges | 65/66B | €148,844 | €157,340 | +€8,496 | +5.7% |
| Recurring financial charges | 65 | €148,844 | €157,340 | +€8,496 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €54,780 | €3,880 | -€50,901 | -92.9% |
| Profit (loss) for the period | 9904 | €54,780 | €3,880 | -€50,901 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,780 | €3,880 | -€50,901 | -92.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.