2 Minds: 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.
2 Minds
Largest movements
- Financial fixed assets +€87,660
up €87,660 (+64.9%), from €135,031 to €222,690
- Receivables within one year +€69,373
up €69,373 (+62.7%), from €110,594 to €179,967
- Cash -€23,643
down €23,643 (-82.0%), from €28,850 to €5,207
mainly Investment in fixed assets (net) (-€87,660) and Receivables within one year (-€69,373)
- Other debts +€78,775
up €78,775 (+51.4%), from €153,274 to €232,049
- Reserves +€25,614
up €25,614 (+29.6%), from €86,486 to €112,100
- Tax, wage and social debts +€19,294
up €19,294 (+23.3%), from €82,719 to €102,014
of which Remuneration and social security: +€24,564
- Trade debts +€9,706
up €9,706 (+312%), from €3,116 to €12,822
- Gross operating margin +€4,237
up €4,237 (+9.7%), from €43,580 to €47,817
- Financial charges +€1,277
up €1,277 (+20.5%), from €6,233 to €7,510
- Taxes +€1,173
up €1,173 (+9.6%), from €12,281 to €13,454
- Other operating charges -€811
down €811 (-39.5%), from €2,050 to €1,239
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 | €344,144 | €477,534 | +€133,390 | +38.8% |
| Fixed assets | 21/28 | €135,031 | €222,690 | +€87,660 | +64.9% |
| Financial fixed assets | 28 | €135,031 | €222,690 | +€87,660 | +64.9% |
| Current assets | 29/58 | €209,114 | €254,844 | +€45,730 | +21.9% |
| Amounts receivable after more than one year | 29 | €69,670 | €69,670 | = | 0.0% |
| Other amounts receivable | 291 | €69,670 | €69,670 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €110,594 | €179,967 | +€69,373 | +62.7% |
| Trade receivables | 40 | €110,594 | €179,967 | +€69,373 | +62.7% |
| Cash at bank and in hand | 54/58 | €28,850 | €5,207 | -€23,643 | -82.0% |
| Total equity and liabilities | 10/49 | €344,144 | €477,534 | +€133,390 | +38.8% |
| Equity | 10/15 | €105,036 | €130,650 | +€25,614 | +24.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €86,486 | €112,100 | +€25,614 | +29.6% |
| Distributable reserves | 133 | €86,486 | €112,100 | +€25,614 | +29.6% |
| Amounts payable | 17/49 | €239,109 | €346,885 | +€107,776 | +45.1% |
| Amounts payable within one year | 42/48 | €239,109 | €346,885 | +€107,776 | +45.1% |
| Trade debts | 44 | €3,116 | €12,822 | +€9,706 | +312% |
| Suppliers | 440/4 | €3,116 | €12,822 | +€9,706 | +312% |
| Taxes, remuneration and social security | 45 | €82,719 | €102,014 | +€19,294 | +23.3% |
| Taxes | 450/3 | €14,259 | €8,989 | -€5,270 | -37.0% |
| Remuneration and social security | 454/9 | €68,461 | €93,025 | +€24,564 | +35.9% |
| Other amounts payable | 47/48 | €153,274 | €232,049 | +€78,775 | +51.4% |
| Other operating charges | 640/8 | €2,050 | €1,239 | -€811 | -39.5% |
| Gross operating margin | 9900 | €43,580 | €47,817 | +€4,237 | +9.7% |
| Operating profit (loss) | 9901 | €41,530 | €46,578 | +€5,048 | +12.2% |
| Financial charges | 65/66B | €6,233 | €7,510 | +€1,277 | +20.5% |
| Recurring financial charges | 65 | €6,233 | €7,510 | +€1,277 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €35,297 | €39,068 | +€3,771 | +10.7% |
| Income taxes | 67/77 | €12,281 | €13,454 | +€1,173 | +9.6% |
| Profit (loss) for the period | 9904 | €23,016 | €25,614 | +€2,598 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,016 | €25,614 | +€2,598 | +11.3% |
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 19 October 2026 via checked.be.