MINDSET & STRATEGY: 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.
MINDSET & STRATEGY
Largest movements
- Receivables within one year +€12,137
up €12,137 (+22.7%), from €53,505 to €65,642
of which Trade receivables: +€12,842
- Cash +€3,209
up €3,209 (+2884.2%), from €111 to €3,321
mainly Net result for the year (+€10,935) and Tax, wage and social debts (+€5,264)
- Profit (loss) carried forward +€10,935
up €10,935 (+26.5%), from €41,231 to €52,166
- Tax, wage and social debts +€5,264
up €5,264 (+51.1%), from €10,295 to €15,558
- Gross operating margin +€6,869
up €6,869 (+77.0%), from €8,917 to €15,786
- Taxes +€1,708
up €1,708 (+35.3%), from €4,843 to €6,551
- Financial income -€401
down €401 (-13.5%), from €2,981 to €2,580
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Depreciation +€252
up €252 (+47492.5%), from €1 to €252
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 | €54,099 | €69,602 | +€15,503 | +28.7% |
| Fixed assets | 21/28 | - | €504 | +€504 | |
| Tangible fixed assets | 22/27 | - | €504 | +€504 | |
| Furniture and vehicles | 24 | - | €504 | +€504 | |
| Current assets | 29/58 | €54,099 | €69,098 | +€14,998 | +27.7% |
| Amounts receivable within one year | 40/41 | €53,505 | €65,642 | +€12,137 | +22.7% |
| Trade receivables | 40 | €844 | €13,686 | +€12,842 | +1520.9% |
| Other amounts receivable | 41 | €52,661 | €51,956 | -€704 | -1.3% |
| Cash at bank and in hand | 54/58 | €111 | €3,321 | +€3,209 | +2884.2% |
| Deferred charges and accrued income | 490/1 | €483 | €135 | -€348 | -72.1% |
| Total equity and liabilities | 10/49 | €54,099 | €69,602 | +€15,503 | +28.7% |
| Equity | 10/15 | €41,331 | €52,266 | +€10,935 | +26.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,231 | €52,166 | +€10,935 | +26.5% |
| Amounts payable | 17/49 | €12,768 | €17,336 | +€4,568 | +35.8% |
| Amounts payable within one year | 42/48 | €12,768 | €17,336 | +€4,568 | +35.8% |
| Trade debts | 44 | €2,473 | €1,778 | -€695 | -28.1% |
| Suppliers | 440/4 | €2,473 | €1,778 | -€695 | -28.1% |
| Taxes, remuneration and social security | 45 | €10,295 | €15,558 | +€5,264 | +51.1% |
| Taxes | 450/3 | €10,295 | €15,558 | +€5,264 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €252 | +€252 | +47492.5% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €8,917 | €15,786 | +€6,869 | +77.0% |
| Operating profit (loss) | 9901 | €8,144 | €15,134 | +€6,989 | +85.8% |
| Financial income | 75/76B | €2,981 | €2,580 | -€401 | -13.5% |
| Recurring financial income | 75 | €2,981 | €2,580 | -€401 | -13.5% |
| Financial charges | 65/66B | €339 | €228 | -€111 | -32.7% |
| Recurring financial charges | 65 | €339 | €228 | -€111 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €10,787 | €17,486 | +€6,699 | +62.1% |
| Income taxes | 67/77 | €4,843 | €6,551 | +€1,708 | +35.3% |
| Profit (loss) for the period | 9904 | €5,944 | €10,935 | +€4,990 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,944 | €10,935 | +€4,990 | +84.0% |
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.