Growth&Mind: 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.
Growth&Mind
Largest movements
- Receivables within one year -€39,367
down €39,367 (-63.6%), from €61,924 to €22,558
of which Trade receivables: -€36,093
- Cash +€36,436
up €36,436 (+207%), from €17,568 to €54,004
mainly Net result for the year (+€71,184) and Receivables within one year (+€39,367)
- Receivables after one year -€33,634
down €33,634 (-100%), from €33,634 to €0
- Tangible fixed assets -€1,903
down €1,903 (-23.3%), from €8,176 to €6,273
of which Furniture and vehicles: -€1,328
- Trade debts -€32,191
down €32,191 (-99.8%), from €32,254 to €63
- Profit (loss) carried forward -€2,816
down €2,816 (-3.7%), from €75,314 to €72,498
- Tax, wage and social debts -€2,476
down €2,476 (-15.7%), from €15,811 to €13,334
- Financial charges +€2,354
up €2,354 (+125%), from €1,883 to €4,237
- Gross operating margin -€1,482
down €1,482 (-1.5%), from €100,438 to €98,955
- Financial income -€1,095
down €1,095 (-91.7%), from €1,194 to €99
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 | €124,043 | €86,559 | -€37,484 | -30.2% |
| Fixed assets | 21/28 | €8,176 | €6,273 | -€1,903 | -23.3% |
| Tangible fixed assets | 22/27 | €8,176 | €6,273 | -€1,903 | -23.3% |
| Furniture and vehicles | 24 | €3,432 | €2,104 | -€1,328 | -38.7% |
| Other tangible fixed assets | 26 | €4,744 | €4,169 | -€575 | -12.1% |
| Current assets | 29/58 | €115,867 | €80,286 | -€35,581 | -30.7% |
| Amounts receivable after more than one year | 29 | €33,634 | €0 | -€33,634 | -100% |
| Other amounts receivable | 291 | €33,634 | €0 | -€33,634 | -100% |
| Amounts receivable within one year | 40/41 | €61,924 | €22,558 | -€39,367 | -63.6% |
| Trade receivables | 40 | €54,113 | €18,020 | -€36,093 | -66.7% |
| Other amounts receivable | 41 | €7,811 | €4,537 | -€3,274 | -41.9% |
| Cash at bank and in hand | 54/58 | €17,568 | €54,004 | +€36,436 | +207% |
| Deferred charges and accrued income | 490/1 | €2,741 | €3,724 | +€984 | +35.9% |
| Total equity and liabilities | 10/49 | €124,043 | €86,559 | -€37,484 | -30.2% |
| Equity | 10/15 | €75,814 | €72,998 | -€2,816 | -3.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,314 | €72,498 | -€2,816 | -3.7% |
| Amounts payable | 17/49 | €48,229 | €13,562 | -€34,667 | -71.9% |
| Amounts payable within one year | 42/48 | €48,065 | €13,398 | -€34,667 | -72.1% |
| Trade debts | 44 | €32,254 | €63 | -€32,191 | -99.8% |
| Suppliers | 440/4 | €32,254 | €63 | -€32,191 | -99.8% |
| Taxes, remuneration and social security | 45 | €15,811 | €13,334 | -€2,476 | -15.7% |
| Taxes | 450/3 | €15,811 | €13,334 | -€2,476 | -15.7% |
| Accrued charges and deferred income | 492/3 | €164 | €164 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,317 | €1,903 | -€414 | -17.9% |
| Other operating charges | 640/8 | €1,215 | €1,281 | +€67 | +5.5% |
| Gross operating margin | 9900 | €100,438 | €98,955 | -€1,482 | -1.5% |
| Operating profit (loss) | 9901 | €96,906 | €95,771 | -€1,135 | -1.2% |
| Financial income | 75/76B | €1,194 | €99 | -€1,095 | -91.7% |
| Recurring financial income | 75 | €1,194 | €99 | -€1,095 | -91.7% |
| Financial charges | 65/66B | €1,883 | €4,237 | +€2,354 | +125% |
| Recurring financial charges | 65 | €1,883 | €4,237 | +€2,354 | +125% |
| Profit (loss) for the period before taxes | 9903 | €96,218 | €91,633 | -€4,585 | -4.8% |
| Income taxes | 67/77 | €21,277 | €20,449 | -€828 | -3.9% |
| Profit (loss) for the period | 9904 | €74,940 | €71,184 | -€3,757 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,940 | €71,184 | -€3,757 | -5.0% |
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 23 October 2026 via checked.be.