ABSYNTHE MINDED: 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.
ABSYNTHE MINDED
Largest movements
- Cash -€43,509
down €43,509 (-72.6%), from €59,937 to €16,429
mainly Net result for the year (-€33,646) and Investment in fixed assets (net) (-€10,759)
- Receivables within one year +€7,832
up €7,832 (+257%), from €3,051 to €10,883
of which Trade receivables: +€9,763
- Tangible fixed assets -€5,163
down €5,163 (-7.9%), from €65,073 to €59,910
of which Land and buildings: -€3,219
- Profit (loss) carried forward -€34,479
down €34,479 (-60.2%), from €57,278 to €22,799
- Debts after one year -€4,342
down €4,342 (-26.4%), from €16,464 to €12,122
- Tax, wage and social debts -€3,738
down €3,738 (-77.7%), from €4,814 to €1,076
- Gross operating margin -€45,812
down €45,812, from €32,214 to -€13,599
- Depreciation +€3,204
up €3,204 (+25.2%), from €12,718 to €15,922
- Taxes -€2,936
down €2,936 (-95.4%), from €3,077 to €141
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 | €132,771 | €91,421 | -€41,349 | -31.1% |
| Fixed assets | 21/28 | €65,573 | €60,410 | -€5,163 | -7.9% |
| Tangible fixed assets | 22/27 | €65,073 | €59,910 | -€5,163 | -7.9% |
| Land and buildings | 22 | €48,309 | €45,089 | -€3,219 | -6.7% |
| Plant, machinery and equipment | 23 | €16,765 | €14,821 | -€1,944 | -11.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,197 | €31,011 | -€36,186 | -53.9% |
| Stocks and contracts in progress | 3 | €3,700 | €3,700 | = | 0.0% |
| Stocks | 30/36 | €3,700 | €3,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,051 | €10,883 | +€7,832 | +257% |
| Trade receivables | 40 | €1,119 | €10,883 | +€9,763 | +872% |
| Other amounts receivable | 41 | €1,931 | €0 | -€1,931 | -100% |
| Cash at bank and in hand | 54/58 | €59,937 | €16,429 | -€43,509 | -72.6% |
| Deferred charges and accrued income | 490/1 | €509 | €0 | -€509 | -100% |
| Total equity and liabilities | 10/49 | €132,771 | €91,421 | -€41,349 | -31.1% |
| Equity | 10/15 | €76,278 | €41,799 | -€34,479 | -45.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,278 | €22,799 | -€34,479 | -60.2% |
| Amounts payable | 17/49 | €56,493 | €49,623 | -€6,870 | -12.2% |
| Amounts payable after more than one year | 17 | €16,464 | €12,122 | -€4,342 | -26.4% |
| Financial debts | 170/4 | €16,464 | €12,122 | -€4,342 | -26.4% |
| Amounts payable within one year | 42/48 | €40,028 | €37,500 | -€2,528 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,235 | €4,342 | +€107 | +2.5% |
| Trade debts | 44 | €1,221 | €1,707 | +€486 | +39.8% |
| Suppliers | 440/4 | €1,221 | €1,707 | +€486 | +39.8% |
| Taxes, remuneration and social security | 45 | €4,814 | €1,076 | -€3,738 | -77.7% |
| Taxes | 450/3 | €4,814 | €1,076 | -€3,738 | -77.7% |
| Other amounts payable | 47/48 | €29,758 | €30,375 | +€617 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,718 | €15,922 | +€3,204 | +25.2% |
| Other operating charges | 640/8 | €1,194 | €1,206 | +€12 | +1.0% |
| Gross operating margin | 9900 | €32,214 | -€13,599 | -€45,812 | |
| Operating profit (loss) | 9901 | €18,301 | -€30,727 | -€49,028 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,661 | €2,778 | +€117 | +4.4% |
| Recurring financial charges | 65 | €2,661 | €2,778 | +€117 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €15,640 | -€33,505 | -€49,145 | |
| Income taxes | 67/77 | €3,077 | €141 | -€2,936 | -95.4% |
| Profit (loss) for the period | 9904 | €12,563 | -€33,646 | -€46,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,563 | -€33,646 | -€46,209 |
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 20 October 2026 via checked.be.