CORE MINDED: 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.
CORE MINDED
Largest movements
- Receivables within one year +€8,174
up €8,174 (+31.1%), from €26,275 to €34,449
of which Trade receivables: +€8,174
- Cash +€4,283
up €4,283 (+8.5%), from €50,528 to €54,811
mainly Net result for the year (+€31,522) and Other debts (+€19,925)
- Other debts +€19,925
up €19,925 (+84.8%), from €23,495 to €43,420
- Profit (loss) carried forward -€8,478
down €8,478 (-23.2%), from €36,523 to €28,045
- Tax, wage and social debts +€1,568
up €1,568 (+10.1%), from €15,453 to €17,022
of which Remuneration and social security: +€3,500
- Gross operating margin +€17,079
up €17,079 (+71.7%), from €23,815 to €40,894
- Taxes +€5,961
up €5,961 (+250.8%), from €2,377 to €8,339
- Depreciation -€476
down €476 (-34.9%), from €1,364 to €888
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 | €79,753 | €92,657 | +€12,904 | +16.2% |
| Fixed assets | 21/28 | €2,950 | €3,397 | +€447 | +15.2% |
| Intangible fixed assets | 21 | €213 | €104 | -€109 | -51.3% |
| Tangible fixed assets | 22/27 | €1,838 | €2,394 | +€556 | +30.3% |
| Furniture and vehicles | 24 | €477 | €1,228 | +€752 | +157.8% |
| Other tangible fixed assets | 26 | €1,361 | €1,165 | -€196 | -14.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €76,803 | €89,260 | +€12,457 | +16.2% |
| Amounts receivable within one year | 40/41 | €26,275 | €34,449 | +€8,174 | +31.1% |
| Trade receivables | 40 | €25,652 | €33,826 | +€8,174 | +31.9% |
| Other amounts receivable | 41 | €623 | €623 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,528 | €54,811 | +€4,283 | +8.5% |
| Total equity and liabilities | 10/49 | €79,753 | €92,657 | +€12,904 | +16.2% |
| Equity | 10/15 | €39,523 | €31,045 | -€8,478 | -21.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,523 | €28,045 | -€8,478 | -23.2% |
| Amounts payable | 17/49 | €40,230 | €61,612 | +€21,382 | +53.1% |
| Amounts payable within one year | 42/48 | €40,230 | €61,612 | +€21,382 | +53.1% |
| Trade debts | 44 | €1,282 | €1,170 | -€112 | -8.7% |
| Suppliers | 440/4 | €1,282 | €1,170 | -€112 | -8.7% |
| Taxes, remuneration and social security | 45 | €15,453 | €17,022 | +€1,568 | +10.1% |
| Taxes | 450/3 | €11,953 | €10,022 | -€1,932 | -16.2% |
| Remuneration and social security | 454/9 | €3,500 | €7,000 | +€3,500 | +100.0% |
| Other amounts payable | 47/48 | €23,495 | €43,420 | +€19,925 | +84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | €888 | -€476 | -34.9% |
| Gross operating margin | 9900 | €23,815 | €40,894 | +€17,079 | +71.7% |
| Operating profit (loss) | 9901 | €22,451 | €40,006 | +€17,555 | +78.2% |
| Financial charges | 65/66B | €131 | €145 | +€14 | +10.4% |
| Recurring financial charges | 65 | €131 | €145 | +€14 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €22,319 | €39,861 | +€17,542 | +78.6% |
| Income taxes | 67/77 | €2,377 | €8,339 | +€5,961 | +250.8% |
| Profit (loss) for the period | 9904 | €19,942 | €31,522 | +€11,580 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,942 | €31,522 | +€11,580 | +58.1% |
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 30 September 2026 via checked.be.