C-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.
C-MIND
Largest movements
- Cash -€310,223
down €310,223 (-98.8%), from €314,060 to €3,837
mainly Receivables within one year (-€277,142) and Contributions, distributions and other (-€188,186)
- Receivables within one year +€277,142
up €277,142 (+633.9%), from €43,724 to €320,865
of which Other amounts receivable: +€259,006
- Current investments +€150,910
new in 2026: €150,910
- Tangible fixed assets -€6,908
down €6,908 (-83.2%), from €8,300 to €1,392
of which Land and buildings: -€4,003
- Other debts +€203,967
up €203,967 (+72821.8%), from €280 to €204,247
- Reserves -€122,587
down €122,587 (-36.6%), from €335,218 to €212,630
- Accrued charges and deferred income +€15,343
up €15,343 (+2045.7%), from €750 to €16,093
- Tax, wage and social debts +€9,155
up €9,155 (+626.2%), from €1,462 to €10,617
- Trade debts +€6,971
up €6,971 (+181.2%), from €3,846 to €10,817
- Gross operating margin +€43,045
up €43,045 (+69.8%), from €61,688 to €104,733
- Financial charges +€17,892
up €17,892 (+2832.6%), from €632 to €18,524
- Taxes +€11,241
up €11,241 (+75.0%), from €14,982 to €26,223
- Financial income +€7,963
up €7,963 (+243.2%), from €3,275 to €11,238
- Depreciation -€3,856
down €3,856 (-45.8%), from €8,428 to €4,571
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,260 | €482,460 | +€113,200 | +30.7% |
| Fixed assets | 21/28 | €8,300 | €1,392 | -€6,908 | -83.2% |
| Tangible fixed assets | 22/27 | €8,300 | €1,392 | -€6,908 | -83.2% |
| Land and buildings | 22 | €4,003 | €0 | -€4,003 | -100.0% |
| Plant, machinery and equipment | 23 | €1,960 | €1,392 | -€568 | -29.0% |
| Furniture and vehicles | 24 | €2,337 | €0 | -€2,337 | -100.0% |
| Current assets | 29/58 | €360,960 | €481,068 | +€120,108 | +33.3% |
| Amounts receivable within one year | 40/41 | €43,724 | €320,865 | +€277,142 | +633.9% |
| Trade receivables | 40 | €37,729 | €55,865 | +€18,136 | +48.1% |
| Other amounts receivable | 41 | €5,994 | €265,000 | +€259,006 | +4320.8% |
| Current investments | 50/53 | - | €150,910 | +€150,910 | |
| Cash at bank and in hand | 54/58 | €314,060 | €3,837 | -€310,223 | -98.8% |
| Deferred charges and accrued income | 490/1 | €3,177 | €5,456 | +€2,279 | +71.8% |
| Total equity and liabilities | 10/49 | €369,260 | €482,460 | +€113,200 | +30.7% |
| Equity | 10/15 | €362,922 | €240,334 | -€122,587 | -33.8% |
| Contributions | 10/11 | €13,039 | €13,039 | = | 0.0% |
| Reserves | 13 | €335,218 | €212,630 | -€122,587 | -36.6% |
| Distributable reserves | 133 | €335,218 | €212,630 | -€122,587 | -36.6% |
| Profit (loss) carried forward | 14 | €14,665 | €14,665 | = | 0.0% |
| Amounts payable | 17/49 | €6,338 | €242,126 | +€235,787 | +3719.9% |
| Amounts payable within one year | 42/48 | €5,588 | €226,033 | +€220,444 | +3944.6% |
| Financial debts | 43 | - | €352 | +€352 | |
| Credit institutions | 430/8 | - | €352 | +€352 | |
| Trade debts | 44 | €3,846 | €10,817 | +€6,971 | +181.2% |
| Suppliers | 440/4 | €3,846 | €10,817 | +€6,971 | +181.2% |
| Taxes, remuneration and social security | 45 | €1,462 | €10,617 | +€9,155 | +626.2% |
| Taxes | 450/3 | €1,462 | €10,617 | +€9,155 | +626.2% |
| Other amounts payable | 47/48 | €280 | €204,247 | +€203,967 | +72821.8% |
| Accrued charges and deferred income | 492/3 | €750 | €16,093 | +€15,343 | +2045.7% |
| Non-recurring operating income | 76A | - | €11,663 | +€11,663 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,428 | €4,571 | -€3,856 | -45.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€649 | €0 | +€649 | |
| Other operating charges | 640/8 | €2,499 | €1,054 | -€1,445 | -57.8% |
| Gross operating margin | 9900 | €61,688 | €104,733 | +€43,045 | +69.8% |
| Operating profit (loss) | 9901 | €51,410 | €99,107 | +€47,697 | +92.8% |
| Financial income | 75/76B | €3,275 | €11,238 | +€7,963 | +243.2% |
| Recurring financial income | 75 | €3,275 | €11,238 | +€7,963 | +243.2% |
| Financial charges | 65/66B | €632 | €18,524 | +€17,892 | +2832.6% |
| Recurring financial charges | 65 | €632 | €18,524 | +€17,892 | +2832.6% |
| Profit (loss) for the period before taxes | 9903 | €54,053 | €91,822 | +€37,768 | +69.9% |
| Income taxes | 67/77 | €14,982 | €26,223 | +€11,241 | +75.0% |
| Profit (loss) for the period | 9904 | €39,072 | €65,599 | +€26,527 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,072 | €65,599 | +€26,527 | +67.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.