C-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.
C-Minds
Largest movements
- Cash +€59,721
up €59,721 (+72.4%), from €82,461 to €142,182
mainly Net result for the year (+€148,128) and Receivables after one year (+€30,000)
- Receivables after one year -€30,000
down €30,000 (-37.5%), from €80,000 to €50,000
- Reserves +€62,632
up €62,632 (+8.4%), from €749,392 to €812,024
- Debts after one year -€47,678
down €47,678 (-20.3%), from €235,386 to €187,708
- Financial income -€53,216
down €53,216 (-37.8%), from €140,851 to €87,635
- Taxes -€26,029
down €26,029 (-40.0%), from €65,076 to €39,047
- Gross operating margin +€17,475
up €17,475 (+17.5%), from €99,581 to €117,056
- Depreciation -€14,628
down €14,628 (-100%), from €14,628 to €0
- Financial charges +€3,085
up €3,085 (+25.8%), from €11,978 to €15,062
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 | €1,077,520 | €1,099,299 | +€21,779 | +2.0% |
| Fixed assets | 21/28 | €675,797 | €680,902 | +€5,106 | +0.8% |
| Tangible fixed assets | 22/27 | €403,597 | €408,702 | +€5,106 | +1.3% |
| Land and buildings | 22 | €374,026 | €379,132 | +€5,106 | +1.4% |
| Furniture and vehicles | 24 | €29,571 | €29,571 | = | 0.0% |
| Financial fixed assets | 28 | €272,200 | €272,200 | = | 0.0% |
| Current assets | 29/58 | €401,724 | €418,397 | +€16,673 | +4.2% |
| Amounts receivable after more than one year | 29 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Other amounts receivable | 291 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Amounts receivable within one year | 40/41 | €20,307 | €13,355 | -€6,951 | -34.2% |
| Other amounts receivable | 41 | €20,307 | €13,355 | -€6,951 | -34.2% |
| Current investments | 50/53 | €216,124 | €209,295 | -€6,830 | -3.2% |
| Cash at bank and in hand | 54/58 | €82,461 | €142,182 | +€59,721 | +72.4% |
| Deferred charges and accrued income | 490/1 | €2,832 | €3,565 | +€734 | +25.9% |
| Total equity and liabilities | 10/49 | €1,077,520 | €1,099,299 | +€21,779 | +2.0% |
| Equity | 10/15 | €754,404 | €817,032 | +€62,628 | +8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €749,392 | €812,024 | +€62,632 | +8.4% |
| Distributable reserves | 133 | €749,392 | €812,024 | +€62,632 | +8.4% |
| Profit (loss) carried forward | 14 | €12 | €8 | -€4 | -32.3% |
| Amounts payable | 17/49 | €323,116 | €282,267 | -€40,849 | -12.6% |
| Amounts payable after more than one year | 17 | €235,386 | €187,708 | -€47,678 | -20.3% |
| Financial debts | 170/4 | €235,386 | €187,708 | -€47,678 | -20.3% |
| Amounts payable within one year | 42/48 | €87,303 | €93,773 | +€6,470 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €74,056 | €72,732 | -€1,325 | -1.8% |
| Trade debts | 44 | €1,462 | €697 | -€766 | -52.4% |
| Suppliers | 440/4 | €1,462 | €697 | -€766 | -52.4% |
| Taxes, remuneration and social security | 45 | €11,784 | €20,344 | +€8,560 | +72.6% |
| Taxes | 450/3 | €11,784 | €20,344 | +€8,560 | +72.6% |
| Accrued charges and deferred income | 492/3 | €427 | €786 | +€359 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,628 | €0 | -€14,628 | -100% |
| Other operating charges | 640/8 | €2,239 | €2,454 | +€215 | +9.6% |
| Gross operating margin | 9900 | €99,581 | €117,056 | +€17,475 | +17.5% |
| Operating profit (loss) | 9901 | €82,714 | €114,602 | +€31,888 | +38.6% |
| Financial income | 75/76B | €140,851 | €87,635 | -€53,216 | -37.8% |
| Recurring financial income | 75 | €140,851 | €87,635 | -€53,216 | -37.8% |
| Financial charges | 65/66B | €11,978 | €15,062 | +€3,085 | +25.8% |
| Recurring financial charges | 65 | €11,978 | €15,062 | +€3,085 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €211,588 | €187,175 | -€24,413 | -11.5% |
| Income taxes | 67/77 | €65,076 | €39,047 | -€26,029 | -40.0% |
| Profit (loss) for the period | 9904 | €146,512 | €148,128 | +€1,616 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,512 | €148,128 | +€1,616 | +1.1% |
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 22 October 2026 via checked.be.