Better Minds at Work: 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.
Better Minds at Work
Largest movements
- Cash -€79,287
down €79,287 (-9.0%), from €884,138 to €804,851
mainly Trade debts (-€497,724) and Accrued charges and deferred income (-€30,493)
- Receivables within one year -€72,545
down €72,545 (-12.2%), from €593,195 to €520,650
of which Trade receivables: -€235,537
- Trade debts -€497,724
down €497,724 (-73.4%), from €678,531 to €180,807
- Profit (loss) carried forward +€361,480
up €361,480 (+10.1%), from €3.6m to €4.0m
- Gross operating margin -€455,123
down €455,123 (-38.0%), from €1.2m to €741,937
- Taxes -€123,418
down €123,418 (-48.0%), from €257,278 to €133,860
- Staff costs +€49,383
up €49,383 (+21.2%), from €232,448 to €281,831
- Financial charges +€16,133
up €16,133 (+486%), from €3,321 to €19,454
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 | €4,418,868 | €4,239,109 | -€179,759 | -4.1% |
| Fixed assets | 21/28 | €30,612 | €18,258 | -€12,354 | -40.4% |
| Tangible fixed assets | 22/27 | €25,062 | €12,708 | -€12,354 | -49.3% |
| Furniture and vehicles | 24 | €25,062 | €12,708 | -€12,354 | -49.3% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €4,388,256 | €4,220,851 | -€167,405 | -3.8% |
| Stocks and contracts in progress | 3 | €4,955 | €4,062 | -€894 | -18.0% |
| Stocks | 30/36 | €4,955 | €4,062 | -€894 | -18.0% |
| Amounts receivable within one year | 40/41 | €593,195 | €520,650 | -€72,545 | -12.2% |
| Trade receivables | 40 | €593,195 | €357,658 | -€235,537 | -39.7% |
| Other amounts receivable | 41 | - | €162,992 | +€162,992 | |
| Current investments | 50/53 | €2,896,970 | €2,878,793 | -€18,177 | -0.6% |
| Cash at bank and in hand | 54/58 | €884,138 | €804,851 | -€79,287 | -9.0% |
| Deferred charges and accrued income | 490/1 | €8,998 | €12,495 | +€3,497 | +38.9% |
| Total equity and liabilities | 10/49 | €4,418,868 | €4,239,109 | -€179,759 | -4.1% |
| Equity | 10/15 | €3,611,928 | €3,973,408 | +€361,480 | +10.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,593,278 | €3,954,758 | +€361,480 | +10.1% |
| Amounts payable | 17/49 | €806,939 | €265,701 | -€541,238 | -67.1% |
| Amounts payable within one year | 42/48 | €733,728 | €222,983 | -€510,745 | -69.6% |
| Trade debts | 44 | €678,531 | €180,807 | -€497,724 | -73.4% |
| Suppliers | 440/4 | €678,531 | €180,807 | -€497,724 | -73.4% |
| Taxes, remuneration and social security | 45 | €54,647 | €41,500 | -€13,147 | -24.1% |
| Taxes | 450/3 | €30,409 | €0 | -€30,409 | -100% |
| Remuneration and social security | 454/9 | €24,238 | €41,500 | +€17,262 | +71.2% |
| Other amounts payable | 47/48 | €551 | €677 | +€126 | +22.9% |
| Accrued charges and deferred income | 492/3 | €73,211 | €42,718 | -€30,493 | -41.7% |
| Remuneration, social security and pensions | 62 | €232,448 | €281,831 | +€49,383 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,974 | €13,696 | -€1,278 | -8.5% |
| Other operating charges | 640/8 | €5,260 | €5,128 | -€132 | -2.5% |
| Gross operating margin | 9900 | €1,197,060 | €741,937 | -€455,123 | -38.0% |
| Operating profit (loss) | 9901 | €944,377 | €441,281 | -€503,096 | -53.3% |
| Financial income | 75/76B | €63,243 | €73,513 | +€10,270 | +16.2% |
| Recurring financial income | 75 | €63,243 | €73,513 | +€10,270 | +16.2% |
| Financial charges | 65/66B | €3,321 | €19,454 | +€16,133 | +486% |
| Recurring financial charges | 65 | €3,321 | €19,454 | +€16,133 | +486% |
| Profit (loss) for the period before taxes | 9903 | €1,004,299 | €495,339 | -€508,959 | -50.7% |
| Income taxes | 67/77 | €257,278 | €133,860 | -€123,418 | -48.0% |
| Profit (loss) for the period | 9904 | €747,021 | €361,480 | -€385,541 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €747,021 | €361,480 | -€385,541 | -51.6% |
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 28 October 2026 via checked.be.