BINARY MIND: what changed
Two fiscal 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.
BINARY MIND
Largest movements
- Cash -€21,193
down €21,193 (-57.8%), from €36,649 to €15,455
mainly Current investments (-€20,203) and Receivables within one year (-€12,096)
- Current investments +€20,203
up €20,203 (+107.8%), from €18,747 to €38,950
- Receivables within one year +€12,096
up €12,096 (+41.5%), from €29,121 to €41,217
of which Other amounts receivable: +€6,093
- Tangible fixed assets -€8,555
down €8,555 (-5.4%), from €159,288 to €150,733
- Reserves +€6,619
up €6,619 (+4.2%), from €156,889 to €163,508
of which Distributable reserves: +€6,619
- Current portion of long-term debt -€6,424
down €6,424 (-61.0%), from €10,536 to €4,111
- Trade debts -€4,715
down €4,715 (-91.5%), from €5,155 to €439
- Debts after one year -€4,111
down €4,111 (-12.3%), from €33,461 to €29,350
- Tax, wage and social debts +€3,668
up €3,668 (+35.7%), from €10,278 to €13,946
of which Taxes: +€3,668
- Financial charges +€24,821
up €24,821 (+705.7%), from €3,517 to €28,338
- Provisions -€18,315
down €18,315 (-86.5%), from €21,184 to €2,869
- Gross operating margin +€2,561
up €2,561 (+4.8%), from €53,297 to €55,858
- Depreciation -€1,111
down €1,111 (-11.5%), from €9,666 to €8,555
- Taxes -€903
down €903 (-16.2%), from €5,576 to €4,673
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.
Cash bridge derived
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 | €246,037 | €247,349 | +€1,311 | +0.5% |
| Fixed assets | 21/28 | €159,298 | €150,743 | -€8,555 | -5.4% |
| Tangible fixed assets | 22/27 | €159,288 | €150,733 | -€8,555 | -5.4% |
| Land and buildings | 22 | €79,112 | €78,375 | -€737 | -0.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €25,596 | €21,411 | -€4,185 | -16.3% |
| Assets under construction and advance payments | 27 | €54,580 | €50,947 | -€3,633 | -6.7% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €86,739 | €96,606 | +€9,867 | +11.4% |
| Amounts receivable within one year | 40/41 | €29,121 | €41,217 | +€12,096 | +41.5% |
| Trade receivables | 40 | €24,471 | €30,474 | +€6,003 | +24.5% |
| Other amounts receivable | 41 | €4,650 | €10,743 | +€6,093 | +131.0% |
| Current investments | 50/53 | €18,747 | €38,950 | +€20,203 | +107.8% |
| Cash at bank and in hand | 54/58 | €36,649 | €15,455 | -€21,193 | -57.8% |
| Deferred charges and accrued income | 490/1 | €2,223 | €984 | -€1,239 | -55.7% |
| Total equity and liabilities | 10/49 | €246,037 | €247,349 | +€1,311 | +0.5% |
| Equity | 10/15 | €165,249 | €171,868 | +€6,619 | +4.0% |
| Contributions | 10/11 | €8,360 | €8,360 | = | 0.0% |
| Reserves | 13 | €156,889 | €163,508 | +€6,619 | +4.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €138,139 | €144,758 | +€6,619 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,184 | €24,053 | +€2,869 | +13.5% |
| Provisions for liabilities and charges | 160/5 | €21,184 | €24,053 | +€2,869 | +13.5% |
| Other liabilities and charges | 164/5 | €21,184 | €24,053 | +€2,869 | +13.5% |
| Amounts payable | 17/49 | €59,605 | €51,428 | -€8,177 | -13.7% |
| Amounts payable after more than one year | 17 | €33,461 | €29,350 | -€4,111 | -12.3% |
| Financial debts | 170/4 | €33,461 | €29,350 | -€4,111 | -12.3% |
| Amounts payable within one year | 42/48 | €26,144 | €22,078 | -€4,065 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €10,536 | €4,111 | -€6,424 | -61.0% |
| Financial debts | 43 | €175 | €149 | -€26 | -14.9% |
| Credit institutions | 430/8 | €175 | €149 | -€26 | -14.9% |
| Trade debts | 44 | €5,155 | €439 | -€4,715 | -91.5% |
| Suppliers | 440/4 | €5,155 | €439 | -€4,715 | -91.5% |
| Taxes, remuneration and social security | 45 | €10,278 | €13,946 | +€3,668 | +35.7% |
| Taxes | 450/3 | €10,278 | €13,946 | +€3,668 | +35.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €3,432 | +€3,432 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,666 | €8,555 | -€1,111 | -11.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,184 | €2,869 | -€18,315 | -86.5% |
| Other operating charges | 640/8 | €1,638 | €1,387 | -€251 | -15.3% |
| Gross operating margin | 9900 | €53,297 | €55,858 | +€2,561 | +4.8% |
| Operating profit (loss) | 9901 | €20,809 | €43,047 | +€22,238 | +106.9% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1756.3% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1756.3% |
| Financial charges | 65/66B | €3,517 | €28,338 | +€24,821 | +705.7% |
| Recurring financial charges | 65 | €3,517 | €28,338 | +€24,821 | +705.7% |
| Profit (loss) for the period before taxes | 9903 | €17,293 | €14,724 | -€2,569 | -14.9% |
| Income taxes | 67/77 | €5,576 | €4,673 | -€903 | -16.2% |
| Profit (loss) for the period | 9904 | €11,717 | €10,052 | -€1,666 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,717 | €10,052 | -€1,666 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.