MIND CHANGE: 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.
MIND CHANGE
Largest movements
- Tangible fixed assets -€18,235
down €18,235 (-30.7%), from €59,335 to €41,100
of which Furniture and vehicles: -€14,659
- Cash +€4,135
up €4,135 (+11.5%), from €36,065 to €40,200
mainly Depreciation (+€19,637) and Net result for the year (+€13,669)
- Debts after one year -€17,416
down €17,416 (-51.3%), from €33,925 to €16,509
- Profit (loss) carried forward +€13,669
up €13,669 (+41.6%), from €32,844 to €46,513
- Other debts -€12,090
down €12,090 (-91.7%), from €13,186 to €1,096
- Gross operating margin +€12,820
up €12,820 (+49.3%), from €26,009 to €38,829
- Taxes +€2,663
up €2,663 (+260.9%), from €1,021 to €3,684
- Financial charges -€582
down €582 (-25.3%), from €2,301 to €1,719
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 | €103,815 | €88,588 | -€15,227 | -14.7% |
| Fixed assets | 21/28 | €59,335 | €41,100 | -€18,235 | -30.7% |
| Tangible fixed assets | 22/27 | €59,335 | €41,100 | -€18,235 | -30.7% |
| Plant, machinery and equipment | 23 | €14,837 | €11,260 | -€3,576 | -24.1% |
| Furniture and vehicles | 24 | €44,499 | €29,840 | -€14,659 | -32.9% |
| Current assets | 29/58 | €44,480 | €47,488 | +€3,008 | +6.8% |
| Amounts receivable within one year | 40/41 | €5,229 | €4,576 | -€653 | -12.5% |
| Trade receivables | 40 | - | €2,010 | +€2,010 | |
| Other amounts receivable | 41 | €5,229 | €2,566 | -€2,663 | -50.9% |
| Cash at bank and in hand | 54/58 | €36,065 | €40,200 | +€4,135 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,186 | €2,712 | -€474 | -14.9% |
| Total equity and liabilities | 10/49 | €103,815 | €88,588 | -€15,227 | -14.7% |
| Equity | 10/15 | €35,344 | €49,013 | +€13,669 | +38.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,844 | €46,513 | +€13,669 | +41.6% |
| Amounts payable | 17/49 | €68,471 | €39,575 | -€28,897 | -42.2% |
| Amounts payable after more than one year | 17 | €33,925 | €16,509 | -€17,416 | -51.3% |
| Financial debts | 170/4 | €33,925 | €16,509 | -€17,416 | -51.3% |
| Amounts payable within one year | 42/48 | €34,546 | €22,889 | -€11,658 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €16,800 | €17,416 | +€615 | +3.7% |
| Trade debts | 44 | €686 | €141 | -€545 | -79.4% |
| Suppliers | 440/4 | €686 | €141 | -€545 | -79.4% |
| Taxes, remuneration and social security | 45 | €3,873 | €4,236 | +€362 | +9.3% |
| Taxes | 450/3 | €3,873 | €4,236 | +€362 | +9.3% |
| Other amounts payable | 47/48 | €13,186 | €1,096 | -€12,090 | -91.7% |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,459 | €19,637 | +€178 | +0.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €26,009 | €38,829 | +€12,820 | +49.3% |
| Operating profit (loss) | 9901 | €6,432 | €19,072 | +€12,640 | +196.5% |
| Financial charges | 65/66B | €2,301 | €1,719 | -€582 | -25.3% |
| Recurring financial charges | 65 | €2,301 | €1,719 | -€582 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €4,131 | €17,353 | +€13,222 | +320.1% |
| Income taxes | 67/77 | €1,021 | €3,684 | +€2,663 | +260.9% |
| Profit (loss) for the period | 9904 | €3,111 | €13,669 | +€10,559 | +339.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,111 | €13,669 | +€10,559 | +339.5% |
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 9 October 2026 via checked.be.