MINDSETTER: 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.
MINDSETTER
Largest movements
- Cash +€5,629
up €5,629 (+22.1%), from €25,470 to €31,099
mainly Net result for the year (+€9,880) and Trade debts (+€3,935)
- Tangible fixed assets +€3,862
up €3,862 (+169.7%), from €2,276 to €6,138
of which Land and buildings: +€2,417
- Profit (loss) carried forward +€9,880
up €9,880 (+77.7%), from -€12,720 to -€2,840
- Trade debts +€3,935
up €3,935 (+885.4%), from €444 to €4,379
- Tax, wage and social debts -€2,656
down €2,656 (-57.6%), from €4,611 to €1,955
of which Taxes: -€2,177
- Other debts -€1,986
down €1,986 (-59.0%), from €3,368 to €1,382
- Gross operating margin -€2,965
down €2,965 (-19.1%), from €15,537 to €12,572
- Other operating charges +€496
up €496 (+199.3%), from €249 to €745
- Depreciation +€439
up €439 (+60.3%), from €728 to €1,167
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 | €35,121 | €44,294 | +€9,173 | +26.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,276 | €6,138 | +€3,862 | +169.7% |
| Tangible fixed assets | 22/27 | €2,276 | €6,138 | +€3,862 | +169.7% |
| Land and buildings | 22 | €1,572 | €3,989 | +€2,417 | +153.7% |
| Furniture and vehicles | 24 | €704 | €2,149 | +€1,445 | +205.3% |
| Current assets | 29/58 | €32,845 | €38,156 | +€5,311 | +16.2% |
| Amounts receivable within one year | 40/41 | €7,375 | €7,057 | -€317 | -4.3% |
| Trade receivables | 40 | €7,375 | €7,057 | -€317 | -4.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €25,470 | €31,099 | +€5,629 | +22.1% |
| Total equity and liabilities | 10/49 | €35,121 | €44,294 | +€9,173 | +26.1% |
| Equity | 10/15 | €26,698 | €36,578 | +€9,880 | +37.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,418 | €19,418 | = | 0.0% |
| Distributable reserves | 133 | €19,418 | €19,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,720 | -€2,840 | +€9,880 | +77.7% |
| Amounts payable | 17/49 | €8,423 | €7,716 | -€707 | -8.4% |
| Amounts payable within one year | 42/48 | €8,423 | €7,716 | -€707 | -8.4% |
| Trade debts | 44 | €444 | €4,379 | +€3,935 | +885.4% |
| Suppliers | 440/4 | €444 | €4,379 | +€3,935 | +885.4% |
| Taxes, remuneration and social security | 45 | €4,611 | €1,955 | -€2,656 | -57.6% |
| Taxes | 450/3 | €2,221 | €44 | -€2,177 | -98.0% |
| Remuneration and social security | 454/9 | €2,389 | €1,911 | -€478 | -20.0% |
| Other amounts payable | 47/48 | €3,368 | €1,382 | -€1,986 | -59.0% |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €1,167 | +€439 | +60.3% |
| Other operating charges | 640/8 | €249 | €745 | +€496 | +199.3% |
| Gross operating margin | 9900 | €15,537 | €12,572 | -€2,965 | -19.1% |
| Operating profit (loss) | 9901 | €14,176 | €10,273 | -€3,903 | -27.5% |
| Financial charges | 65/66B | €284 | €237 | -€46 | -16.3% |
| Recurring financial charges | 65 | €284 | €237 | -€46 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €13,892 | €10,036 | -€3,857 | -27.8% |
| Income taxes | 67/77 | €149 | €156 | +€7 | +4.4% |
| Profit (loss) for the period | 9904 | €13,743 | €9,880 | -€3,863 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,743 | €9,880 | -€3,863 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.