MINDBLOWN: 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.
MINDBLOWN
Largest movements
- Receivables within one year +€12,494
up €12,494 (+200.9%), from €6,220 to €18,714
of which Trade receivables: +€9,369
- Stocks and contracts +€4,361
new in 2025: €4,361
- Cash +€1,933
up €1,933 (+34.6%), from €5,592 to €7,524
mainly Net result for the year (+€10,948) and Other debts (+€5,600)
- Tangible fixed assets -€1,812
down €1,812 (-8.0%), from €22,770 to €20,958
of which Land and buildings: -€2,781
- Other debts +€5,600
new in 2025: €5,600
- Tax, wage and social debts +€5,023
up €5,023 (+71.3%), from €7,045 to €12,067
of which Taxes: +€7,523
- Trade debts +€3,404
up €3,404 (+452.4%), from €752 to €4,157
- Reserves +€1,785
up €1,785 (+343.5%), from €520 to €2,305
of which Distributable reserves: +€1,785
- Profit (loss) carried forward +€1,163
up €1,163 (+15.2%), from €7,665 to €8,828
- Gross operating margin +€11,860
up €11,860 (+136.4%), from €8,697 to €20,556
- Taxes +€3,797
up €3,797 (+320.0%), from €1,187 to €4,983
- Other operating charges -€2,023
down €2,023 (-80.0%), from €2,528 to €505
- Depreciation -€930
down €930 (-19.3%), from €4,814 to €3,883
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 | €34,582 | €51,557 | +€16,975 | +49.1% |
| Fixed assets | 21/28 | €22,770 | €20,958 | -€1,812 | -8.0% |
| Tangible fixed assets | 22/27 | €22,770 | €20,958 | -€1,812 | -8.0% |
| Land and buildings | 22 | €21,125 | €18,344 | -€2,781 | -13.2% |
| Furniture and vehicles | 24 | €1,646 | €2,614 | +€968 | +58.8% |
| Current assets | 29/58 | €11,812 | €30,600 | +€18,788 | +159.1% |
| Stocks and contracts in progress | 3 | - | €4,361 | +€4,361 | |
| Contracts in progress | 37 | - | €4,361 | +€4,361 | |
| Amounts receivable within one year | 40/41 | €6,220 | €18,714 | +€12,494 | +200.9% |
| Trade receivables | 40 | €2,088 | €11,457 | +€9,369 | +448.7% |
| Other amounts receivable | 41 | €4,132 | €7,257 | +€3,125 | +75.6% |
| Cash at bank and in hand | 54/58 | €5,592 | €7,524 | +€1,933 | +34.6% |
| Total equity and liabilities | 10/49 | €34,582 | €51,557 | +€16,975 | +49.1% |
| Equity | 10/15 | €26,785 | €29,733 | +€2,948 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €520 | €2,305 | +€1,785 | +343.5% |
| Non-distributable reserves | 130/1 | €520 | €520 | = | 0.0% |
| Legal reserve | 130 | €520 | - | -€520 | |
| Reserves not available under the articles | 1311 | - | €520 | +€520 | |
| Distributable reserves | 133 | - | €1,785 | +€1,785 | |
| Profit (loss) carried forward | 14 | €7,665 | €8,828 | +€1,163 | +15.2% |
| Amounts payable | 17/49 | €7,797 | €21,824 | +€14,027 | +179.9% |
| Amounts payable within one year | 42/48 | €7,797 | €21,824 | +€14,027 | +179.9% |
| Trade debts | 44 | €752 | €4,157 | +€3,404 | +452.4% |
| Suppliers | 440/4 | €752 | €4,157 | +€3,404 | +452.4% |
| Taxes, remuneration and social security | 45 | €7,045 | €12,067 | +€5,023 | +71.3% |
| Taxes | 450/3 | €4,545 | €12,067 | +€7,523 | +165.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €5,600 | +€5,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €3,883 | -€930 | -19.3% |
| Other operating charges | 640/8 | €2,528 | €505 | -€2,023 | -80.0% |
| Gross operating margin | 9900 | €8,697 | €20,556 | +€11,860 | +136.4% |
| Operating profit (loss) | 9901 | €1,355 | €16,168 | +€14,813 | +1093.5% |
| Financial charges | 65/66B | €163 | €236 | +€73 | +44.7% |
| Recurring financial charges | 65 | €163 | €236 | +€73 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €1,192 | €15,932 | +€14,740 | +1237.1% |
| Income taxes | 67/77 | €1,187 | €4,983 | +€3,797 | +320.0% |
| Profit (loss) for the period | 9904 | €5 | €10,948 | +€10,943 | +221976.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5 | €10,948 | +€10,943 | +221976.3% |
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 30 September 2026 via checked.be.