EqualMinds: 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.
What changed
EqualMinds
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,168
2024 · -€64,429+€39,261
Equity
€430,453
2024 · €455,621-€25,168
Cash
€7,730
2024 · €7,009+€721
Balance sheet total
€733,223
2024 · €788,394-€55,171
Largest movements
Assets
- Receivables within one year -€55,044
down €55,044 (-7.2%), from €765,247 to €710,203
of which Trade receivables: -€127,699
Equity and liabilities
- Trade debts -€30,204
down €30,204 (-13.0%), from €232,026 to €201,822
- Reserves -€26,000
down €26,000 (-6.6%), from €393,600 to €367,600
of which Distributable reserves: -€26,000
Income statement
- Turnover +€130,325
up €130,325 (+5.4%), from €2.4m to €2.6m
- Gross operating margin +€113,122
up €113,122 (+16.0%), from €705,209 to €818,331
- Staff costs +€82,407
up €82,407 (+11.2%), from €738,183 to €820,590
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.
Result 2024
-€64,429
Gross operating margin
+€113,122
Staff costs
-€82,407
Depreciation
+€15,297
Write-downs
-€1,295
Other operating charges
-€88
Financial income
-€3,508
Financial charges
-€2,603
Taxes
+€743
Result 2025
-€25,168
raises the resultlowers the result
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.
From operations
+€4,610
Investment
-€3,889
Financing
€0
Cash 2024
€7,009
From operations (derived)
+€4,610
Net result for the year
-€25,168
Depreciation
+€3,855
Receivables within one year
+€55,044
Deferred charges and accrued income
+€881
Provisions
+€499
Trade debts
-€30,204
Tax, wage and social debts
-€297
Investment (derived)
-€3,889
Investment in fixed assets (net)
-€3,889
Cash 2025
€7,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,394 | €733,223 | -€55,171 | -7.0% |
| Fixed assets | 21/28 | €7,199 | €7,233 | +€34 | +0.5% |
| Tangible fixed assets | 22/27 | €7,199 | €7,233 | +€34 | +0.5% |
| Plant, machinery and equipment | 23 | €7,199 | €7,233 | +€34 | +0.5% |
| Current assets | 29/58 | €781,195 | €725,990 | -€55,204 | -7.1% |
| Amounts receivable within one year | 40/41 | €765,247 | €710,203 | -€55,044 | -7.2% |
| Trade receivables | 40 | €442,575 | €314,875 | -€127,699 | -28.9% |
| Other amounts receivable | 41 | €322,673 | €395,327 | +€72,655 | +22.5% |
| Cash at bank and in hand | 54/58 | €7,009 | €7,730 | +€721 | +10.3% |
| Deferred charges and accrued income | 490/1 | €8,939 | €8,057 | -€881 | -9.9% |
| Total equity and liabilities | 10/49 | €788,394 | €733,223 | -€55,171 | -7.0% |
| Equity | 10/15 | €455,621 | €430,453 | -€25,168 | -5.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €393,600 | €367,600 | -€26,000 | -6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €387,400 | €361,400 | -€26,000 | -6.7% |
| Profit (loss) carried forward | 14 | €21 | €853 | +€832 | +3,890% |
| Provisions and deferred taxes | 16 | €1,205 | €1,703 | +€499 | +41.4% |
| Provisions for liabilities and charges | 160/5 | €1,205 | €1,703 | +€499 | +41.4% |
| Pensions and similar obligations | 160 | €1,205 | €1,703 | +€499 | +41.4% |
| Amounts payable | 17/49 | €331,568 | €301,067 | -€30,501 | -9.2% |
| Amounts payable within one year | 42/48 | €331,568 | €301,067 | -€30,501 | -9.2% |
| Trade debts | 44 | €232,026 | €201,822 | -€30,204 | -13.0% |
| Suppliers | 440/4 | €232,026 | €201,822 | -€30,204 | -13.0% |
| Taxes, remuneration and social security | 45 | €99,542 | €99,245 | -€297 | -0.3% |
| Taxes | 450/3 | €19,242 | €12,631 | -€6,612 | -34.4% |
| Remuneration and social security | 454/9 | €80,300 | €86,614 | +€6,315 | +7.9% |
| Turnover | 70 | €2,423,249 | €2,553,574 | +€130,325 | +5.4% |
| Non-recurring operating income | 76A | €19,260 | €50 | -€19,210 | -99.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,751,882 | €1,754,147 | +€2,265 | +0.1% |
| Remuneration, social security and pensions | 62 | €738,183 | €820,590 | +€82,407 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,153 | €3,855 | -€15,297 | -79.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€797 | €499 | +€1,295 | |
| Other operating charges | 640/8 | €3,776 | €3,864 | +€88 | +2.3% |
| Gross operating margin | 9900 | €705,209 | €818,331 | +€113,122 | +16.0% |
| Operating profit (loss) | 9901 | -€55,106 | -€10,477 | +€44,630 | +81.0% |
| Financial income | 75/76B | €8,026 | €4,518 | -€3,508 | -43.7% |
| Recurring financial income | 75 | €8,026 | €4,518 | -€3,508 | -43.7% |
| Financial charges | 65/66B | €14,830 | €17,433 | +€2,603 | +17.6% |
| Recurring financial charges | 65 | €14,830 | €17,433 | +€2,603 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€61,910 | -€23,392 | +€38,518 | +62.2% |
| Income taxes | 67/77 | €2,519 | €1,777 | -€743 | -29.5% |
| Profit (loss) for the period | 9904 | -€64,429 | -€25,168 | +€39,261 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,429 | -€25,168 | +€39,261 | +60.9% |
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 14 October 2026 via checked.be.