MINDGAP: 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.
MINDGAP
Largest movements
- Receivables within one year +€772,625
up €772,625 (+63.0%), from €1.2m to €2.0m
of which Trade receivables: +€816,343
- Cash +€58,586
up €58,586 (+5.7%), from €1.0m to €1.1m
mainly Net result for the year (+€654,911) and Other debts (+€360,000)
- Other debts +€360,000
new in 2025: €360,000
- Profit (loss) carried forward +€277,580
up €277,580 (+13.6%), from €2.0m to €2.3m
- Trade debts +€112,023
up €112,023 (+73.7%), from €151,905 to €263,929
- Tax, wage and social debts +€97,606
up €97,606 (+105.2%), from €92,741 to €190,346
of which Taxes: +€58,439
- Gross operating margin +€636,373
up €636,373 (+42.6%), from €1.5m to €2.1m
- Taxes +€148,057
up €148,057 (+167.5%), from €88,378 to €236,436
- Financial income -€45,647
down €45,647 (-90.4%), from €50,521 to €4,874
of which Financial income: -€33,592
- Financial charges +€44,347
up €44,347 (+196.8%), from €22,529 to €66,875
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 | €2,712,524 | €3,537,609 | +€825,085 | +30.4% |
| Fixed assets | 21/28 | €73,119 | €66,735 | -€6,384 | -8.7% |
| Tangible fixed assets | 22/27 | €73,119 | €66,735 | -€6,384 | -8.7% |
| Land and buildings | 22 | €36,494 | - | -€36,494 | |
| Plant, machinery and equipment | 23 | €14,940 | €14,950 | +€10 | +0.1% |
| Furniture and vehicles | 24 | €21,685 | €17,597 | -€4,088 | -18.9% |
| Other tangible fixed assets | 26 | - | €34,188 | +€34,188 | |
| Current assets | 29/58 | €2,639,405 | €3,470,874 | +€831,469 | +31.5% |
| Amounts receivable within one year | 40/41 | €1,226,535 | €1,999,160 | +€772,625 | +63.0% |
| Trade receivables | 40 | €1,156,398 | €1,972,741 | +€816,343 | +70.6% |
| Other amounts receivable | 41 | €70,137 | €26,419 | -€43,718 | -62.3% |
| Current investments | 50/53 | €385,000 | €385,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,026,551 | €1,085,138 | +€58,586 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,576 | +€257 | +19.5% |
| Total equity and liabilities | 10/49 | €2,712,524 | €3,537,609 | +€825,085 | +30.4% |
| Equity | 10/15 | €2,445,754 | €2,723,334 | +€277,580 | +11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €385,000 | €385,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €385,000 | €385,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €385,000 | €385,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,040,754 | €2,318,334 | +€277,580 | +13.6% |
| Amounts payable | 17/49 | €266,770 | €814,275 | +€547,505 | +205.2% |
| Amounts payable within one year | 42/48 | €266,770 | €814,275 | +€547,505 | +205.2% |
| Current portion of amounts payable after more than one year | 42 | €10,292 | - | -€10,292 | |
| Financial debts | 43 | €11,832 | - | -€11,832 | |
| Credit institutions | 430/8 | €11,832 | - | -€11,832 | |
| Trade debts | 44 | €151,905 | €263,929 | +€112,023 | +73.7% |
| Suppliers | 440/4 | €151,905 | €263,929 | +€112,023 | +73.7% |
| Taxes, remuneration and social security | 45 | €92,741 | €190,346 | +€97,606 | +105.2% |
| Taxes | 450/3 | - | €58,439 | +€58,439 | |
| Remuneration and social security | 454/9 | €92,741 | €131,908 | +€39,167 | +42.2% |
| Other amounts payable | 47/48 | - | €360,000 | +€360,000 | |
| Remuneration, social security and pensions | 62 | €1,160,268 | €1,159,907 | -€361 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,402 | €15,147 | -€254 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,478 | - | -€17,478 | |
| Other operating charges | 640/8 | €1,569 | €1,483 | -€85 | -5.4% |
| Non-recurring operating charges | 66A | €3,528 | €1,355 | -€2,173 | -61.6% |
| Gross operating margin | 9900 | €1,494,868 | €2,131,242 | +€636,373 | +42.6% |
| Operating profit (loss) | 9901 | €296,624 | €953,348 | +€656,724 | +221.4% |
| Financial income | 75/76B | €50,521 | €4,874 | -€45,647 | -90.4% |
| Recurring financial income | 75 | €38,465 | €4,874 | -€33,592 | -87.3% |
| Non-recurring financial income | 76B | €12,056 | - | -€12,056 | |
| Financial charges | 65/66B | €22,529 | €66,875 | +€44,347 | +196.8% |
| Recurring financial charges | 65 | €22,529 | €66,875 | +€44,347 | +196.8% |
| Profit (loss) for the period before taxes | 9903 | €324,617 | €891,347 | +€566,730 | +174.6% |
| Income taxes | 67/77 | €88,378 | €236,436 | +€148,057 | +167.5% |
| Profit (loss) for the period | 9904 | €236,238 | €654,911 | +€418,673 | +177.2% |
| Profit (loss) for the period to be appropriated | 9905 | €236,238 | €654,911 | +€418,673 | +177.2% |
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.