ITMINDS: 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.
ITMINDS
Largest movements
- Cash -€96,055
down €96,055 (-52.0%), from €184,704 to €88,649
mainly Contributions, distributions and other (-€125,763) and Receivables within one year (-€22,648)
- Receivables within one year +€22,648
up €22,648 (+95.1%), from €23,824 to €46,471
of which Other amounts receivable: +€14,861
- Tangible fixed assets -€7,157
down €7,157 (-4.7%), from €150,691 to €143,534
of which Land and buildings: -€6,695
- Reserves -€69,110
down €69,110 (-25.6%), from €270,426 to €201,316
- Debts after one year -€17,823
down €17,823 (-32.7%), from €54,529 to €36,707
- Trade debts +€8,556
up €8,556 (+495.1%), from €1,728 to €10,284
- Gross operating margin +€23,963
up €23,963 (+32.9%), from €72,790 to €96,753
- Taxes +€6,767
up €6,767 (+43.1%), from €15,714 to €22,481
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 | €359,218 | €281,105 | -€78,113 | -21.7% |
| Fixed assets | 21/28 | €150,691 | €143,534 | -€7,157 | -4.7% |
| Tangible fixed assets | 22/27 | €150,691 | €143,534 | -€7,157 | -4.7% |
| Land and buildings | 22 | €150,229 | €143,534 | -€6,695 | -4.5% |
| Plant, machinery and equipment | 23 | €462 | €0 | -€462 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €208,528 | €137,572 | -€70,956 | -34.0% |
| Amounts receivable within one year | 40/41 | €23,824 | €46,471 | +€22,648 | +95.1% |
| Trade receivables | 40 | €19,537 | €27,325 | +€7,787 | +39.9% |
| Other amounts receivable | 41 | €4,286 | €19,147 | +€14,861 | +346.7% |
| Cash at bank and in hand | 54/58 | €184,704 | €88,649 | -€96,055 | -52.0% |
| Deferred charges and accrued income | 490/1 | - | €2,451 | +€2,451 | |
| Total equity and liabilities | 10/49 | €359,218 | €281,105 | -€78,113 | -21.7% |
| Equity | 10/15 | €270,626 | €201,516 | -€69,110 | -25.5% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €270,426 | €201,316 | -€69,110 | -25.6% |
| Distributable reserves | 133 | €270,426 | €201,316 | -€69,110 | -25.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €88,592 | €79,590 | -€9,003 | -10.2% |
| Amounts payable after more than one year | 17 | €54,529 | €36,707 | -€17,823 | -32.7% |
| Financial debts | 170/4 | €54,529 | €36,707 | -€17,823 | -32.7% |
| Amounts payable within one year | 42/48 | €33,676 | €42,883 | +€9,207 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €17,478 | €17,823 | +€345 | +2.0% |
| Trade debts | 44 | €1,728 | €10,284 | +€8,556 | +495.1% |
| Suppliers | 440/4 | €1,728 | €10,284 | +€8,556 | +495.1% |
| Taxes, remuneration and social security | 45 | €14,227 | €14,675 | +€448 | +3.2% |
| Taxes | 450/3 | €14,227 | €14,675 | +€448 | +3.2% |
| Other amounts payable | 47/48 | €242 | €100 | -€142 | -58.6% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,124 | €11,178 | -€946 | -7.8% |
| Other operating charges | 640/8 | €1,727 | €2,092 | +€364 | +21.1% |
| Gross operating margin | 9900 | €72,790 | €96,753 | +€23,963 | +32.9% |
| Operating profit (loss) | 9901 | €58,939 | €83,483 | +€24,545 | +41.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €4,689 | €4,350 | -€339 | -7.2% |
| Recurring financial charges | 65 | €4,689 | €4,350 | -€339 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €54,250 | €79,133 | +€24,883 | +45.9% |
| Income taxes | 67/77 | €15,714 | €22,481 | +€6,767 | +43.1% |
| Profit (loss) for the period | 9904 | €38,536 | €56,652 | +€18,116 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,536 | €56,652 | +€18,116 | +47.0% |
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 28 September 2026 via checked.be.