Mind The View: 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 The View
Largest movements
- Cash +€28,819
up €28,819 (+4,428%), from €651 to €29,469
mainly Net result for the year (+€50,026) and Tax, wage and social debts (+€12,741)
- Receivables within one year +€15,551
up €15,551 (+38.2%), from €40,680 to €56,231
of which Trade receivables: +€9,030
- Financial fixed assets -€7,350
no longer reported in 2025 (was €7,350)
- Current investments -€5,208
no longer reported in 2025 (was €5,208)
- Intangible fixed assets -€2,806
down €2,806 (-22.6%), from €12,438 to €9,633
- Profit (loss) carried forward +€50,026
up €50,026 (+1,060%), from €4,721 to €54,747
- Current portion of long-term debt -€16,540
down €16,540 (-65.7%), from €25,173 to €8,633
- Tax, wage and social debts +€12,741
up €12,741 (+289%), from €4,415 to €17,156
- Debts after one year -€8,633
no longer reported in 2025 (was €8,633)
- Trade debts -€7,930
down €7,930 (-21.8%), from €36,413 to €28,483
- Gross operating margin +€64,341
up €64,341 (+563%), from €11,438 to €75,779
- Taxes +€10,901
up €10,901 (+676%), from €1,611 to €12,512
- Depreciation +€4,813
up €4,813 (+150%), from €3,200 to €8,013
- Other operating charges +€3,982
new in 2025: €3,982
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 | €87,936 | €116,564 | +€28,628 | +32.6% |
| Fixed assets | 21/28 | €41,397 | €30,864 | -€10,533 | -25.4% |
| Intangible fixed assets | 21 | €12,438 | €9,633 | -€2,806 | -22.6% |
| Tangible fixed assets | 22/27 | €21,609 | €21,231 | -€378 | -1.7% |
| Plant, machinery and equipment | 23 | €17,848 | €18,350 | +€502 | +2.8% |
| Furniture and vehicles | 24 | €3,761 | €2,881 | -€880 | -23.4% |
| Financial fixed assets | 28 | €7,350 | - | -€7,350 | |
| Current assets | 29/58 | €46,539 | €85,700 | +€39,161 | +84.1% |
| Amounts receivable within one year | 40/41 | €40,680 | €56,231 | +€15,551 | +38.2% |
| Trade receivables | 40 | €40,510 | €49,540 | +€9,030 | +22.3% |
| Other amounts receivable | 41 | €170 | €6,691 | +€6,521 | +3,842% |
| Current investments | 50/53 | €5,208 | - | -€5,208 | |
| Cash at bank and in hand | 54/58 | €651 | €29,469 | +€28,819 | +4,428% |
| Total equity and liabilities | 10/49 | €87,936 | €116,564 | +€28,628 | +32.6% |
| Equity | 10/15 | €10,721 | €60,747 | +€50,026 | +467% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,721 | €54,747 | +€50,026 | +1,060% |
| Amounts payable | 17/49 | €77,215 | €55,817 | -€21,399 | -27.7% |
| Amounts payable after more than one year | 17 | €8,633 | - | -€8,633 | |
| Financial debts | 170/4 | €8,633 | - | -€8,633 | |
| Amounts payable within one year | 42/48 | €66,002 | €55,817 | -€10,185 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €25,173 | €8,633 | -€16,540 | -65.7% |
| Financial debts | 43 | - | €449 | +€449 | |
| Credit institutions | 430/8 | - | €449 | +€449 | |
| Trade debts | 44 | €36,413 | €28,483 | -€7,930 | -21.8% |
| Suppliers | 440/4 | €36,413 | €28,483 | -€7,930 | -21.8% |
| Taxes, remuneration and social security | 45 | €4,415 | €17,156 | +€12,741 | +289% |
| Taxes | 450/3 | €4,415 | €17,156 | +€12,741 | +289% |
| Other amounts payable | 47/48 | - | €1,096 | +€1,096 | |
| Accrued charges and deferred income | 492/3 | €2,580 | - | -€2,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,200 | €8,013 | +€4,813 | +150% |
| Other operating charges | 640/8 | - | €3,982 | +€3,982 | |
| Gross operating margin | 9900 | €11,438 | €75,779 | +€64,341 | +563% |
| Operating profit (loss) | 9901 | €8,238 | €63,784 | +€55,546 | +674% |
| Financial income | 75/76B | €0 | €0 | +€0 | +950% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +950% |
| Financial charges | 65/66B | €1,906 | €1,246 | -€660 | -34.6% |
| Recurring financial charges | 65 | €1,906 | €1,246 | -€660 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €6,332 | €62,538 | +€56,206 | +888% |
| Income taxes | 67/77 | €1,611 | €12,512 | +€10,901 | +676% |
| Profit (loss) for the period | 9904 | €4,721 | €50,026 | +€45,305 | +960% |
| Profit (loss) for the period to be appropriated | 9905 | €4,721 | €50,026 | +€45,305 | +960% |
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 19 October 2026 via checked.be.