Mind over Matter: 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 over Matter
Largest movements
- Receivables within one year -€6,488
down €6,488 (-82.2%), from €7,889 to €1,402
of which Trade receivables: -€6,552
- Intangible fixed assets -€3,629
no longer reported in 2025 (was €3,629)
- Cash +€1,378
up €1,378 (+3.2%), from €43,241 to €44,619
mainly Net result for the year (+€16,996) and Depreciation (+€8,498)
- Tax, wage and social debts -€5,031
down €5,031 (-80.3%), from €6,264 to €1,232
of which Taxes: -€3,348
- Debts after one year -€3,175
down €3,175 (-37.2%), from €8,529 to €5,354
- Gross operating margin -€14,698
down €14,698 (-28.3%), from €51,892 to €37,194
- Taxes -€4,410
down €4,410 (-30.7%), from €14,350 to €9,940
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 | €70,599 | €61,296 | -€9,303 | -13.2% |
| Fixed assets | 21/28 | €19,441 | €15,263 | -€4,177 | -21.5% |
| Intangible fixed assets | 21 | €3,629 | - | -€3,629 | |
| Tangible fixed assets | 22/27 | €15,812 | €15,263 | -€549 | -3.5% |
| Land and buildings | 22 | €809 | €4,982 | +€4,173 | +516% |
| Plant, machinery and equipment | 23 | €2,173 | €1,773 | -€400 | -18.4% |
| Furniture and vehicles | 24 | €12,830 | €8,508 | -€4,322 | -33.7% |
| Current assets | 29/58 | €51,158 | €46,033 | -€5,125 | -10.0% |
| Amounts receivable within one year | 40/41 | €7,889 | €1,402 | -€6,488 | -82.2% |
| Trade receivables | 40 | €7,889 | €1,337 | -€6,552 | -83.1% |
| Other amounts receivable | 41 | - | €65 | +€65 | |
| Cash at bank and in hand | 54/58 | €43,241 | €44,619 | +€1,378 | +3.2% |
| Deferred charges and accrued income | 490/1 | €28 | €13 | -€15 | -54.5% |
| Total equity and liabilities | 10/49 | €70,599 | €61,296 | -€9,303 | -13.2% |
| Equity | 10/15 | €50,157 | €50,119 | -€37 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,957 | €43,919 | -€37 | -0.1% |
| Distributable reserves | 133 | €43,957 | €43,919 | -€37 | -0.1% |
| Amounts payable | 17/49 | €20,442 | €11,177 | -€9,265 | -45.3% |
| Amounts payable after more than one year | 17 | €8,529 | €5,354 | -€3,175 | -37.2% |
| Financial debts | 170/4 | €8,529 | €5,354 | -€3,175 | -37.2% |
| Amounts payable within one year | 42/48 | €11,913 | €5,823 | -€6,090 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €3,147 | €3,175 | +€28 | +0.9% |
| Trade debts | 44 | €647 | €52 | -€595 | -92.0% |
| Suppliers | 440/4 | €647 | €52 | -€595 | -92.0% |
| Taxes, remuneration and social security | 45 | €6,264 | €1,232 | -€5,031 | -80.3% |
| Taxes | 450/3 | €4,580 | €1,232 | -€3,348 | -73.1% |
| Remuneration and social security | 454/9 | €1,683 | - | -€1,683 | |
| Other amounts payable | 47/48 | €1,856 | €1,364 | -€492 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,519 | €8,498 | -€20 | -0.2% |
| Other operating charges | 640/8 | €1,930 | €1,659 | -€271 | -14.0% |
| Gross operating margin | 9900 | €51,892 | €37,194 | -€14,698 | -28.3% |
| Operating profit (loss) | 9901 | €41,443 | €27,036 | -€14,407 | -34.8% |
| Financial income | 75/76B | €23 | €16 | -€7 | -30.2% |
| Recurring financial income | 75 | €23 | €16 | -€7 | -30.2% |
| Financial charges | 65/66B | €193 | €116 | -€77 | -39.8% |
| Recurring financial charges | 65 | €193 | €116 | -€77 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €41,273 | €26,936 | -€14,337 | -34.7% |
| Income taxes | 67/77 | €14,350 | €9,940 | -€4,410 | -30.7% |
| Profit (loss) for the period | 9904 | €26,923 | €16,996 | -€9,927 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,923 | €16,996 | -€9,927 | -36.9% |
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 24 October 2026 via checked.be.