IT-MINDED: 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.
IT-MINDED
Largest movements
- Tangible fixed assets +€324,305
up €324,305 (+5205.8%), from €6,230 to €330,534
of which Land and buildings: +€324,534
- Current investments -€152,815
down €152,815 (-58.0%), from €263,650 to €110,835
- Receivables within one year +€24,907
up €24,907 (+72.7%), from €34,250 to €59,157
of which Trade receivables: +€29,609
- Cash +€16,020
up €16,020 (+57.5%), from €27,879 to €43,899
- Debts after one year +€193,408
new in 2025: €193,408
- Reserves -€44,887
down €44,887 (-16.6%), from €270,157 to €225,270
of which Distributable reserves: -€44,887
- Other debts +€29,656
up €29,656 (+392.3%), from €7,559 to €37,215
- Tax, wage and social debts +€15,270
up €15,270 (+48.1%), from €31,751 to €47,021
of which Taxes: +€18,381
- Current portion of long-term debt +€11,538
new in 2025: €11,538
- Depreciation +€11,758
up €11,758 (+515.9%), from €2,279 to €14,038
- Financial charges +€8,410
up €8,410 (+1956.6%), from €430 to €8,840
- Gross operating margin -€8,329
down €8,329 (-13.1%), from €63,784 to €55,456
- Taxes -€5,496
down €5,496 (-30.5%), from €18,000 to €12,504
- Financial income +€1,406
up €1,406 (+4447.2%), from €32 to €1,437
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,688 | €545,688 | +€210,000 | +62.6% |
| Fixed assets | 21/28 | €6,304 | €330,609 | +€324,305 | +5144.4% |
| Tangible fixed assets | 22/27 | €6,230 | €330,534 | +€324,305 | +5205.8% |
| Land and buildings | 22 | - | €324,534 | +€324,534 | |
| Plant, machinery and equipment | 23 | €4,657 | €2,927 | -€1,731 | -37.2% |
| Furniture and vehicles | 24 | €1,572 | €3,074 | +€1,502 | +95.5% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €329,384 | €215,080 | -€114,304 | -34.7% |
| Amounts receivable within one year | 40/41 | €34,250 | €59,157 | +€24,907 | +72.7% |
| Trade receivables | 40 | €29,548 | €59,157 | +€29,609 | +100.2% |
| Other amounts receivable | 41 | €4,702 | - | -€4,702 | |
| Current investments | 50/53 | €263,650 | €110,835 | -€152,815 | -58.0% |
| Cash at bank and in hand | 54/58 | €27,879 | €43,899 | +€16,020 | +57.5% |
| Deferred charges and accrued income | 490/1 | €3,605 | €1,188 | -€2,417 | -67.0% |
| Total equity and liabilities | 10/49 | €335,688 | €545,688 | +€210,000 | +62.6% |
| Equity | 10/15 | €294,731 | €255,557 | -€39,174 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,157 | €225,270 | -€44,887 | -16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €268,297 | €223,410 | -€44,887 | -16.7% |
| Profit (loss) carried forward | 14 | €5,974 | €11,687 | +€5,713 | +95.6% |
| Amounts payable | 17/49 | €40,957 | €290,131 | +€249,174 | +608.4% |
| Amounts payable after more than one year | 17 | - | €193,408 | +€193,408 | |
| Financial debts | 170/4 | - | €193,408 | +€193,408 | |
| Amounts payable within one year | 42/48 | €39,310 | €96,723 | +€57,413 | +146.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,538 | +€11,538 | |
| Trade debts | 44 | - | €949 | +€949 | |
| Suppliers | 440/4 | - | €949 | +€949 | |
| Taxes, remuneration and social security | 45 | €31,751 | €47,021 | +€15,270 | +48.1% |
| Taxes | 450/3 | €25,309 | €43,691 | +€18,381 | +72.6% |
| Remuneration and social security | 454/9 | €6,442 | €3,330 | -€3,112 | -48.3% |
| Other amounts payable | 47/48 | €7,559 | €37,215 | +€29,656 | +392.3% |
| Accrued charges and deferred income | 492/3 | €1,647 | - | -€1,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,279 | €14,038 | +€11,758 | +515.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3 | - | -€3 | |
| Other operating charges | 640/8 | €384 | €546 | +€162 | +42.1% |
| Gross operating margin | 9900 | €63,784 | €55,456 | -€8,329 | -13.1% |
| Operating profit (loss) | 9901 | €61,117 | €40,872 | -€20,246 | -33.1% |
| Financial income | 75/76B | €32 | €1,437 | +€1,406 | +4447.2% |
| Recurring financial income | 75 | €32 | €1,437 | +€1,406 | +4447.2% |
| Financial charges | 65/66B | €430 | €8,840 | +€8,410 | +1956.6% |
| Recurring financial charges | 65 | €430 | €8,840 | +€8,410 | +1956.6% |
| Profit (loss) for the period before taxes | 9903 | €60,719 | €33,469 | -€27,250 | -44.9% |
| Income taxes | 67/77 | €18,000 | €12,504 | -€5,496 | -30.5% |
| Profit (loss) for the period | 9904 | €42,719 | €20,965 | -€21,753 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,719 | €20,965 | -€21,753 | -50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.