IntoTheMinds: 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.
IntoTheMinds
Largest movements
- Tangible fixed assets +€84,067
up €84,067 (+22.6%), from €371,396 to €455,464
of which Furniture and vehicles: +€116,538
- Cash +€23,604
up €23,604 (+27.3%), from €86,516 to €110,121
mainly Net result for the year (+€175,511) and Other debts (+€127,499)
- Receivables within one year -€22,299
down €22,299 (-18.5%), from €120,214 to €97,915
of which Trade receivables: -€21,666
- Current investments -€20,000
down €20,000 (-3.2%), from €630,135 to €610,135
- Reserves -€154,077
down €154,077 (-19.2%), from €803,124 to €649,047
of which Distributable reserves: -€189,441
- Profit (loss) carried forward +€140,147
new in 2025: €140,147
- Other debts +€127,499
up €127,499 (+1,809%), from €7,048 to €134,548
- Debts after one year -€22,194
down €22,194 (-7.9%), from €281,340 to €259,147
of which Financial debts: -€24,694
- Accrued charges and deferred income -€22,074
no longer reported in 2025 (was €22,074)
- Financial charges +€80,512
up €80,512 (+1,260%), from €6,392 to €86,904
of which Financial charges: +€78,652
- Other operating charges -€46,328
down €46,328 (-79.8%), from €58,053 to €11,725
- Gross operating margin +€37,877
up €37,877 (+8.2%), from €464,674 to €502,551
- Financial income -€13,147
down €13,147 (-48.2%), from €27,287 to €14,139
- Taxes -€12,721
down €12,721 (-19.0%), from €66,977 to €54,256
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 | €1,240,321 | €1,309,433 | +€69,112 | +5.6% |
| Fixed assets | 21/28 | €375,397 | €464,404 | +€89,007 | +23.7% |
| Tangible fixed assets | 22/27 | €371,396 | €455,464 | +€84,067 | +22.6% |
| Land and buildings | 22 | €298,104 | €251,040 | -€47,064 | -15.8% |
| Plant, machinery and equipment | 23 | €4,983 | €3,906 | -€1,076 | -21.6% |
| Furniture and vehicles | 24 | €33,044 | €149,583 | +€116,538 | +353% |
| Other tangible fixed assets | 26 | €35,265 | €50,935 | +€15,669 | +44.4% |
| Financial fixed assets | 28 | €4,000 | €8,940 | +€4,940 | +123% |
| Current assets | 29/58 | €864,924 | €845,029 | -€19,895 | -2.3% |
| Amounts receivable within one year | 40/41 | €120,214 | €97,915 | -€22,299 | -18.5% |
| Trade receivables | 40 | €108,784 | €87,118 | -€21,666 | -19.9% |
| Other amounts receivable | 41 | €11,430 | €10,797 | -€633 | -5.5% |
| Current investments | 50/53 | €630,135 | €610,135 | -€20,000 | -3.2% |
| Cash at bank and in hand | 54/58 | €86,516 | €110,121 | +€23,604 | +27.3% |
| Deferred charges and accrued income | 490/1 | €28,059 | €26,858 | -€1,201 | -4.3% |
| Total equity and liabilities | 10/49 | €1,240,321 | €1,309,433 | +€69,112 | +5.6% |
| Equity | 10/15 | €821,724 | €807,794 | -€13,930 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €803,124 | €649,047 | -€154,077 | -19.2% |
| Tax-exempt reserves | 132 | €188,134 | €223,498 | +€35,364 | +18.8% |
| Distributable reserves | 133 | €614,989 | €425,548 | -€189,441 | -30.8% |
| Profit (loss) carried forward | 14 | - | €140,147 | +€140,147 | |
| Amounts payable | 17/49 | €418,597 | €501,639 | +€83,042 | +19.8% |
| Amounts payable after more than one year | 17 | €281,340 | €259,147 | -€22,194 | -7.9% |
| Financial debts | 170/4 | €281,340 | €256,647 | -€24,694 | -8.8% |
| Other amounts payable | 178/9 | - | €2,500 | +€2,500 | |
| Amounts payable within one year | 42/48 | €115,183 | €242,492 | +€127,309 | +111% |
| Current portion of amounts payable after more than one year | 42 | €21,482 | €24,694 | +€3,212 | +15.0% |
| Trade debts | 44 | €51,805 | €40,537 | -€11,268 | -21.8% |
| Suppliers | 440/4 | €51,805 | €40,537 | -€11,268 | -21.8% |
| Taxes, remuneration and social security | 45 | €34,848 | €42,715 | +€7,867 | +22.6% |
| Taxes | 450/3 | €20,975 | €25,035 | +€4,060 | +19.4% |
| Remuneration and social security | 454/9 | €13,873 | €17,679 | +€3,807 | +27.4% |
| Other amounts payable | 47/48 | €7,048 | €134,548 | +€127,499 | +1,809% |
| Accrued charges and deferred income | 492/3 | €22,074 | - | -€22,074 | |
| Remuneration, social security and pensions | 62 | €142,167 | €149,523 | +€7,356 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,280 | €38,771 | +€1,491 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,830 | - | -€7,830 | |
| Other operating charges | 640/8 | €58,053 | €11,725 | -€46,328 | -79.8% |
| Gross operating margin | 9900 | €464,674 | €502,551 | +€37,877 | +8.2% |
| Operating profit (loss) | 9901 | €219,344 | €302,532 | +€83,188 | +37.9% |
| Financial income | 75/76B | €27,287 | €14,139 | -€13,147 | -48.2% |
| Recurring financial income | 75 | €27,287 | €14,139 | -€13,147 | -48.2% |
| Financial charges | 65/66B | €6,392 | €86,904 | +€80,512 | +1,260% |
| Recurring financial charges | 65 | €6,392 | €85,044 | +€78,652 | +1,230% |
| Non-recurring financial charges | 66B | - | €1,860 | +€1,860 | |
| Profit (loss) for the period before taxes | 9903 | €240,238 | €229,767 | -€10,471 | -4.4% |
| Income taxes | 67/77 | €66,977 | €54,256 | -€12,721 | -19.0% |
| Profit (loss) for the period | 9904 | €173,261 | €175,511 | +€2,250 | +1.3% |
| Transfer from tax-exempt reserves | 789 | €62,441 | - | -€62,441 | |
| Transfer to tax-exempt reserves | 689 | €150,430 | €35,364 | -€115,066 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,272 | €140,147 | +€54,875 | +64.4% |
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 15 October 2026 via checked.be.