HUNGRY MINDS: 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.
HUNGRY MINDS
Largest movements
- Receivables within one year -€561,822
down €561,822 (-28.8%), from €2.0m to €1.4m
of which Trade receivables: -€528,231
- Cash +€47,994
up €47,994 (+11.2%), from €428,206 to €476,200
mainly Receivables within one year (+€561,822) and Net result for the year (+€214,555)
- Other debts -€312,000
down €312,000 (-51.0%), from €612,000 to €300,000
- Advances received -€166,886
down €166,886 (-37.5%), from €445,570 to €278,684
- Profit (loss) carried forward -€85,445
down €85,445 (-39.6%), from €215,674 to €130,229
- Trade debts +€82,189
up €82,189 (+12.3%), from €665,754 to €747,942
- Tax, wage and social debts -€30,548
down €30,548 (-9.6%), from €316,601 to €286,053
of which Remuneration and social security: -€37,232
- Gross operating margin -€139,692
down €139,692 (-7.0%), from €2.0m to €1.9m
- Staff costs +€62,045
up €62,045 (+4.3%), from €1.5m to €1.5m
- Taxes -€50,518
down €50,518 (-35.1%), from €144,108 to €93,591
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 | €2,596,875 | €2,076,866 | -€520,009 | -20.0% |
| Fixed assets | 21/28 | €70,340 | €64,596 | -€5,745 | -8.2% |
| Tangible fixed assets | 22/27 | €46,060 | €40,315 | -€5,745 | -12.5% |
| Furniture and vehicles | 24 | €46,060 | €40,315 | -€5,745 | -12.5% |
| Financial fixed assets | 28 | €24,280 | €24,280 | = | 0.0% |
| Current assets | 29/58 | €2,526,535 | €2,012,271 | -€514,264 | -20.4% |
| Stocks and contracts in progress | 3 | €109,414 | €106,158 | -€3,257 | -3.0% |
| Stocks | 30/36 | €109,414 | €106,158 | -€3,257 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,952,198 | €1,390,376 | -€561,822 | -28.8% |
| Trade receivables | 40 | €1,905,556 | €1,377,325 | -€528,231 | -27.7% |
| Other amounts receivable | 41 | €46,642 | €13,051 | -€33,591 | -72.0% |
| Current investments | 50/53 | €10,000 | €11,073 | +€1,073 | +10.7% |
| Cash at bank and in hand | 54/58 | €428,206 | €476,200 | +€47,994 | +11.2% |
| Deferred charges and accrued income | 490/1 | €26,717 | €28,464 | +€1,747 | +6.5% |
| Total equity and liabilities | 10/49 | €2,596,875 | €2,076,866 | -€520,009 | -20.0% |
| Equity | 10/15 | €506,350 | €420,906 | -€85,445 | -16.9% |
| Contributions | 10/11 | €260,179 | €260,179 | = | 0.0% |
| Capital | 10 | €260,179 | €260,179 | = | 0.0% |
| Issued capital | 100 | €260,179 | €260,179 | = | 0.0% |
| Reserves | 13 | €30,497 | €30,497 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,018 | €26,018 | = | 0.0% |
| Legal reserve | 130 | €26,018 | €26,018 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,479 | €4,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,674 | €130,229 | -€85,445 | -39.6% |
| Amounts payable | 17/49 | €2,090,525 | €1,655,961 | -€434,564 | -20.8% |
| Amounts payable within one year | 42/48 | €2,090,525 | €1,655,961 | -€434,564 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,600 | €43,281 | -€7,319 | -14.5% |
| Credit institutions | 430/8 | €50,600 | €43,281 | -€7,319 | -14.5% |
| Trade debts | 44 | €665,754 | €747,942 | +€82,189 | +12.3% |
| Suppliers | 440/4 | €665,754 | €747,942 | +€82,189 | +12.3% |
| Advances received on contracts in progress | 46 | €445,570 | €278,684 | -€166,886 | -37.5% |
| Taxes, remuneration and social security | 45 | €316,601 | €286,053 | -€30,548 | -9.6% |
| Taxes | 450/3 | €92,751 | €99,434 | +€6,684 | +7.2% |
| Remuneration and social security | 454/9 | €223,850 | €186,619 | -€37,232 | -16.6% |
| Other amounts payable | 47/48 | €612,000 | €300,000 | -€312,000 | -51.0% |
| Remuneration, social security and pensions | 62 | €1,455,310 | €1,517,354 | +€62,045 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,753 | €25,016 | -€2,737 | -9.9% |
| Other operating charges | 640/8 | €2,299 | €2,325 | +€26 | +1.1% |
| Gross operating margin | 9900 | €2,004,934 | €1,865,242 | -€139,692 | -7.0% |
| Operating profit (loss) | 9901 | €519,572 | €320,546 | -€199,026 | -38.3% |
| Financial income | 75/76B | €106 | €3,681 | +€3,575 | +3363.6% |
| Recurring financial income | 75 | €106 | €3,681 | +€3,575 | +3363.6% |
| Financial charges | 65/66B | €11,280 | €16,081 | +€4,801 | +42.6% |
| Recurring financial charges | 65 | €11,280 | €16,081 | +€4,801 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €508,399 | €308,146 | -€200,252 | -39.4% |
| Income taxes | 67/77 | €144,108 | €93,591 | -€50,518 | -35.1% |
| Profit (loss) for the period | 9904 | €364,290 | €214,555 | -€149,735 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €364,290 | €214,555 | -€149,735 | -41.1% |
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 8 October 2026 via checked.be.