NEW MINDSET: 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.
NEW MINDSET
Largest movements
- Cash +€18,339
up €18,339 (+28.6%), from €64,078 to €82,417
mainly Depreciation (+€16,085) and Net result for the year (+€8,957)
- Tangible fixed assets -€13,590
down €13,590 (-56.6%), from €24,000 to €10,410
of which Furniture and vehicles: -€12,004
- Receivables within one year -€4,316
down €4,316 (-47.7%), from €9,042 to €4,726
- Deferred charges and accrued income -€1,738
down €1,738 (-96.9%), from €1,793 to €55
- Debts after one year -€3,070
no longer reported in 2025 (was €3,070)
- Tax, wage and social debts +€2,906
up €2,906 (+144%), from €2,018 to €4,924
- Trade debts -€2,742
down €2,742 (-93.1%), from €2,945 to €203
- Other debts +€1,221
up €1,221 (+2.0%), from €59,823 to €61,044
- Gross operating margin +€10,085
up €10,085 (+53.6%), from €18,802 to €28,887
- Taxes +€1,869
up €1,869 (+122%), from €1,536 to €3,405
- Other operating charges -€381
down €381 (-55.9%), from €682 to €301
- Depreciation +€346
up €346 (+2.2%), from €15,739 to €16,085
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 | €98,912 | €97,608 | -€1,304 | -1.3% |
| Fixed assets | 21/28 | €24,000 | €10,410 | -€13,590 | -56.6% |
| Tangible fixed assets | 22/27 | €24,000 | €10,410 | -€13,590 | -56.6% |
| Plant, machinery and equipment | 23 | €2,934 | €1,348 | -€1,586 | -54.0% |
| Furniture and vehicles | 24 | €21,066 | €9,062 | -€12,004 | -57.0% |
| Current assets | 29/58 | €74,912 | €87,197 | +€12,286 | +16.4% |
| Amounts receivable within one year | 40/41 | €9,042 | €4,726 | -€4,316 | -47.7% |
| Trade receivables | 40 | €9,042 | €4,726 | -€4,316 | -47.7% |
| Cash at bank and in hand | 54/58 | €64,078 | €82,417 | +€18,339 | +28.6% |
| Deferred charges and accrued income | 490/1 | €1,793 | €55 | -€1,738 | -96.9% |
| Total equity and liabilities | 10/49 | €98,912 | €97,608 | -€1,304 | -1.3% |
| Equity | 10/15 | €27,410 | €28,367 | +€957 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,358 | €8,358 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,498 | €6,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | €451 | €1,409 | +€957 | +212% |
| Amounts payable | 17/49 | €71,502 | €69,241 | -€2,261 | -3.2% |
| Amounts payable after more than one year | 17 | €3,070 | - | -€3,070 | |
| Financial debts | 170/4 | €3,070 | - | -€3,070 | |
| Amounts payable within one year | 42/48 | €68,432 | €69,241 | +€809 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,070 | -€576 | -15.8% |
| Trade debts | 44 | €2,945 | €203 | -€2,742 | -93.1% |
| Suppliers | 440/4 | €2,945 | €203 | -€2,742 | -93.1% |
| Taxes, remuneration and social security | 45 | €2,018 | €4,924 | +€2,906 | +144% |
| Taxes | 450/3 | €2,018 | €4,924 | +€2,906 | +144% |
| Other amounts payable | 47/48 | €59,823 | €61,044 | +€1,221 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,739 | €16,085 | +€346 | +2.2% |
| Other operating charges | 640/8 | €682 | €301 | -€381 | -55.9% |
| Gross operating margin | 9900 | €18,802 | €28,887 | +€10,085 | +53.6% |
| Operating profit (loss) | 9901 | €2,381 | €12,501 | +€10,120 | +425% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €134 | €139 | +€5 | +3.7% |
| Recurring financial charges | 65 | €134 | €139 | +€5 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €2,248 | €12,362 | +€10,114 | +450% |
| Income taxes | 67/77 | €1,536 | €3,405 | +€1,869 | +122% |
| Profit (loss) for the period | 9904 | €712 | €8,957 | +€8,245 | +1,158% |
| Profit (loss) for the period to be appropriated | 9905 | €712 | €8,957 | +€8,245 | +1,158% |
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 14 October 2026 via checked.be.