GALLOPING 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.
GALLOPING MINDS
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-31.0%), from €32,219 to €22,219
- Cash +€6,333
up €6,333 (+36.1%), from €17,536 to €23,869
mainly Depreciation (+€10,000) and Stocks and contracts (+€3,207)
- Stocks and contracts -€3,207
down €3,207 (-40.7%), from €7,873 to €4,666
- Profit (loss) carried forward -€9,640
down €9,640 (-60.8%), from -€15,860 to -€25,500
- Trade debts +€1,928
up €1,928 (+92.9%), from €2,075 to €4,003
- Gross operating margin -€9,139
down €9,139, from €8,596 to -€543
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 | €59,172 | €51,860 | -€7,312 | -12.4% |
| Fixed assets | 21/28 | €32,219 | €22,219 | -€10,000 | -31.0% |
| Intangible fixed assets | 21 | €32,219 | €22,219 | -€10,000 | -31.0% |
| Current assets | 29/58 | €26,953 | €29,641 | +€2,688 | +10.0% |
| Stocks and contracts in progress | 3 | €7,873 | €4,666 | -€3,207 | -40.7% |
| Stocks | 30/36 | €7,873 | €4,666 | -€3,207 | -40.7% |
| Amounts receivable within one year | 40/41 | €1,361 | €977 | -€385 | -28.2% |
| Trade receivables | 40 | €1,054 | €977 | -€77 | -7.3% |
| Other amounts receivable | 41 | €307 | - | -€307 | |
| Cash at bank and in hand | 54/58 | €17,536 | €23,869 | +€6,333 | +36.1% |
| Deferred charges and accrued income | 490/1 | €182 | €129 | -€53 | -29.1% |
| Total equity and liabilities | 10/49 | €59,172 | €51,860 | -€7,312 | -12.4% |
| Equity | 10/15 | €14,140 | €4,500 | -€9,640 | -68.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,860 | -€25,500 | -€9,640 | -60.8% |
| Amounts payable | 17/49 | €45,032 | €47,360 | +€2,328 | +5.2% |
| Amounts payable after more than one year | 17 | €42,500 | €42,500 | = | 0.0% |
| Financial debts | 170/4 | €42,500 | €42,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,532 | €4,860 | +€2,328 | +92.0% |
| Trade debts | 44 | €2,075 | €4,003 | +€1,928 | +92.9% |
| Suppliers | 440/4 | €2,075 | €4,003 | +€1,928 | +92.9% |
| Taxes, remuneration and social security | 45 | €414 | €814 | +€400 | +96.6% |
| Taxes | 450/3 | €414 | €814 | +€400 | +96.6% |
| Other amounts payable | 47/48 | €43 | €43 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €464 | €507 | +€42 | +9.1% |
| Gross operating margin | 9900 | €8,596 | -€543 | -€9,139 | |
| Operating profit (loss) | 9901 | -€1,869 | -€11,050 | -€9,181 | -491% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €59 | €54 | -€5 | -7.8% |
| Recurring financial charges | 65 | €59 | €54 | -€5 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,927 | -€11,104 | -€9,176 | -476% |
| Profit (loss) for the period | 9904 | -€1,927 | -€11,104 | -€9,176 | -476% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,927 | -€11,104 | -€9,176 | -476% |
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.