MINDBYTE: 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.
MINDBYTE
Largest movements
- Cash -€60,460
down €60,460 (-32.1%), from €188,549 to €128,089
mainly Investment in fixed assets (net) (-€82,106) and Contributions, distributions and other (-€61,036)
- Tangible fixed assets +€53,538
up €53,538 (+65.3%), from €82,047 to €135,586
of which Furniture and vehicles: +€59,383
- Receivables within one year +€31,136
up €31,136 (+156%), from €19,920 to €51,056
of which Trade receivables: +€31,564
- Debts after one year +€55,942
up €55,942, from €0 to €55,942
- Other debts -€30,137
down €30,137 (-12.9%), from €234,354 to €204,217
- Depreciation -€3,713
down €3,713 (-11.5%), from €32,281 to €28,568
- Financial charges +€2,812
up €2,812 (+380%), from €740 to €3,552
- Gross operating margin +€1,994
up €1,994 (+1.8%), from €109,083 to €111,077
- Other operating charges +€1,795
up €1,795 (+164%), from €1,094 to €2,890
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 | €293,077 | €316,447 | +€23,370 | +8.0% |
| Fixed assets | 21/28 | €83,007 | €136,546 | +€53,538 | +64.5% |
| Tangible fixed assets | 22/27 | €82,047 | €135,586 | +€53,538 | +65.3% |
| Land and buildings | 22 | €38,386 | €33,101 | -€5,286 | -13.8% |
| Plant, machinery and equipment | 23 | €2,760 | €2,201 | -€559 | -20.3% |
| Furniture and vehicles | 24 | €40,901 | €100,284 | +€59,383 | +145% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €210,070 | €179,901 | -€30,169 | -14.4% |
| Amounts receivable within one year | 40/41 | €19,920 | €51,056 | +€31,136 | +156% |
| Trade receivables | 40 | €15,815 | €47,379 | +€31,564 | +200% |
| Other amounts receivable | 41 | €4,105 | €3,677 | -€428 | -10.4% |
| Cash at bank and in hand | 54/58 | €188,549 | €128,089 | -€60,460 | -32.1% |
| Deferred charges and accrued income | 490/1 | €1,601 | €756 | -€844 | -52.7% |
| Total equity and liabilities | 10/49 | €293,077 | €316,447 | +€23,370 | +8.0% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,617 | €297,847 | +€25,230 | +9.3% |
| Amounts payable after more than one year | 17 | €0 | €55,942 | +€55,942 | |
| Financial debts | 170/4 | €0 | €55,942 | +€55,942 | |
| Amounts payable within one year | 42/48 | €272,617 | €241,905 | -€30,712 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €25,179 | €24,390 | -€789 | -3.1% |
| Trade debts | 44 | €924 | €0 | -€924 | -100% |
| Suppliers | 440/4 | €924 | €0 | -€924 | -100% |
| Taxes, remuneration and social security | 45 | €12,160 | €13,298 | +€1,138 | +9.4% |
| Taxes | 450/3 | €9,860 | €10,998 | +€1,138 | +11.5% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €234,354 | €204,217 | -€30,137 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,281 | €28,568 | -€3,713 | -11.5% |
| Other operating charges | 640/8 | €1,094 | €2,890 | +€1,795 | +164% |
| Non-recurring operating charges | 66A | - | €449 | +€449 | |
| Gross operating margin | 9900 | €109,083 | €111,077 | +€1,994 | +1.8% |
| Operating profit (loss) | 9901 | €75,708 | €79,171 | +€3,463 | +4.6% |
| Financial charges | 65/66B | €740 | €3,552 | +€2,812 | +380% |
| Recurring financial charges | 65 | €740 | €3,552 | +€2,812 | +380% |
| Profit (loss) for the period before taxes | 9903 | €74,968 | €75,618 | +€651 | +0.9% |
| Income taxes | 67/77 | €16,096 | €16,442 | +€346 | +2.1% |
| Profit (loss) for the period | 9904 | €58,871 | €59,176 | +€305 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,871 | €59,176 | +€305 | +0.5% |
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 23 October 2026 via checked.be.