GREAT 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.
GREAT MINDS
Largest movements
- Tangible fixed assets -€3,335
down €3,335 (-28.7%), from €11,635 to €8,299
of which Land and buildings: -€3,071
- Receivables within one year -€2,639
down €2,639 (-6.2%), from €42,584 to €39,945
of which Other amounts receivable: -€4,346
- Cash +€2,358
up €2,358 (+30.1%), from €7,845 to €10,202
mainly Other debts (+€7,549) and Tax, wage and social debts (+€5,614)
- Profit (loss) carried forward -€11,872
down €11,872 (-44.7%), from -€26,578 to -€38,450
- Other debts +€7,549
up €7,549 (+44.1%), from €17,134 to €24,683
- Debts after one year -€6,325
down €6,325 (-31.1%), from €20,327 to €14,002
- Tax, wage and social debts +€5,614
up €5,614 (+140%), from €4,000 to €9,614
- Trade debts +€2,264
up €2,264 (+12.1%), from €18,687 to €20,950
- Gross operating margin +€2,715
up €2,715 (+32.2%), from -€8,422 to -€5,707
- Financial charges -€717
down €717 (-27.9%), from €2,566 to €1,849
- Depreciation -€647
down €647 (-16.2%), from €3,982 to €3,335
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 | €67,063 | €63,447 | -€3,616 | -5.4% |
| Fixed assets | 21/28 | €11,635 | €8,299 | -€3,335 | -28.7% |
| Tangible fixed assets | 22/27 | €11,635 | €8,299 | -€3,335 | -28.7% |
| Land and buildings | 22 | €11,370 | €8,299 | -€3,071 | -27.0% |
| Plant, machinery and equipment | 23 | €264 | - | -€264 | |
| Current assets | 29/58 | €55,429 | €55,148 | -€281 | -0.5% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,584 | €39,945 | -€2,639 | -6.2% |
| Trade receivables | 40 | €34,954 | €36,662 | +€1,708 | +4.9% |
| Other amounts receivable | 41 | €7,630 | €3,284 | -€4,346 | -57.0% |
| Cash at bank and in hand | 54/58 | €7,845 | €10,202 | +€2,358 | +30.1% |
| Total equity and liabilities | 10/49 | €67,063 | €63,447 | -€3,616 | -5.4% |
| Equity | 10/15 | -€2,105 | -€13,977 | -€11,872 | -564% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,923 | €5,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,923 | €5,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,578 | -€38,450 | -€11,872 | -44.7% |
| Amounts payable | 17/49 | €69,169 | €77,424 | +€8,255 | +11.9% |
| Amounts payable after more than one year | 17 | €20,327 | €14,002 | -€6,325 | -31.1% |
| Financial debts | 170/4 | €20,327 | €14,002 | -€6,325 | -31.1% |
| Amounts payable within one year | 42/48 | €45,938 | €61,572 | +€15,634 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €6,118 | €6,325 | +€207 | +3.4% |
| Trade debts | 44 | €18,687 | €20,950 | +€2,264 | +12.1% |
| Suppliers | 440/4 | €18,687 | €20,950 | +€2,264 | +12.1% |
| Taxes, remuneration and social security | 45 | €4,000 | €9,614 | +€5,614 | +140% |
| Taxes | 450/3 | €4,000 | €9,614 | +€5,614 | +140% |
| Other amounts payable | 47/48 | €17,134 | €24,683 | +€7,549 | +44.1% |
| Accrued charges and deferred income | 492/3 | €2,904 | €1,850 | -€1,054 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,982 | €3,335 | -€647 | -16.2% |
| Other operating charges | 640/8 | €793 | €821 | +€28 | +3.5% |
| Gross operating margin | 9900 | -€8,422 | -€5,707 | +€2,715 | +32.2% |
| Operating profit (loss) | 9901 | -€13,197 | -€9,863 | +€3,334 | +25.3% |
| Financial income | 75/76B | €62 | €5 | -€57 | -92.1% |
| Recurring financial income | 75 | €62 | €5 | -€57 | -92.1% |
| Financial charges | 65/66B | €2,566 | €1,849 | -€717 | -27.9% |
| Recurring financial charges | 65 | €2,566 | €1,849 | -€717 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,701 | -€11,707 | +€3,994 | +25.4% |
| Income taxes | 67/77 | €154 | €165 | +€10 | +6.7% |
| Profit (loss) for the period | 9904 | -€15,855 | -€11,872 | +€3,984 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,855 | -€11,872 | +€3,984 | +25.1% |
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 18 October 2026 via checked.be.