OPENMIND: 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.
OPENMIND
Largest movements
- Receivables within one year +€83,502
up €83,502 (+126.3%), from €66,106 to €149,608
of which Other amounts receivable: +€83,333
- Receivables after one year -€80,000
down €80,000 (-20.0%), from €400,000 to €320,000
- Current investments -€40,114
down €40,114 (-57.2%), from €70,147 to €30,033
- Tangible fixed assets -€26,346
down €26,346 (-46.9%), from €56,157 to €29,811
of which Furniture and vehicles: -€17,434
- Cash -€16,304
down €16,304 (-50.2%), from €32,451 to €16,147
mainly Contributions, distributions and other (-€134,413) and Receivables within one year (-€83,502)
- Reserves -€54,061
down €54,061 (-12.6%), from €428,946 to €374,885
of which Distributable reserves: -€54,061
- Debts after one year -€37,833
down €37,833 (-43.7%), from €86,578 to €48,745
- Tax, wage and social debts +€13,826
up €13,826 (+29.3%), from €47,125 to €60,951
- Current portion of long-term debt -€9,036
down €9,036 (-19.3%), from €46,868 to €37,833
- Other debts +€7,049
up €7,049 (+67.7%), from €10,413 to €17,462
- Gross operating margin -€7,695
down €7,695 (-5.2%), from €148,710 to €141,015
- Taxes +€1,871
up €1,871 (+4.8%), from €38,780 to €40,651
- Financial income +€1,672
up €1,672 (+20.9%), from €7,994 to €9,666
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 | €626,944 | €551,849 | -€75,095 | -12.0% |
| Fixed assets | 21/28 | €56,157 | €29,811 | -€26,346 | -46.9% |
| Tangible fixed assets | 22/27 | €56,157 | €29,811 | -€26,346 | -46.9% |
| Furniture and vehicles | 24 | €18,827 | €1,393 | -€17,434 | -92.6% |
| Leasing and similar rights | 25 | €37,330 | €28,418 | -€8,911 | -23.9% |
| Current assets | 29/58 | €570,787 | €522,038 | -€48,750 | -8.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €320,000 | -€80,000 | -20.0% |
| Other amounts receivable | 291 | €400,000 | €320,000 | -€80,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €66,106 | €149,608 | +€83,502 | +126.3% |
| Trade receivables | 40 | €24,439 | €24,608 | +€169 | +0.7% |
| Other amounts receivable | 41 | €41,667 | €125,000 | +€83,333 | +200.0% |
| Current investments | 50/53 | €70,147 | €30,033 | -€40,114 | -57.2% |
| Cash at bank and in hand | 54/58 | €32,451 | €16,147 | -€16,304 | -50.2% |
| Deferred charges and accrued income | 490/1 | €2,083 | €6,250 | +€4,167 | +200.0% |
| Total equity and liabilities | 10/49 | €626,944 | €551,849 | -€75,095 | -12.0% |
| Equity | 10/15 | €435,146 | €381,085 | -€54,061 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €428,946 | €374,885 | -€54,061 | -12.6% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €420,446 | €366,385 | -€54,061 | -12.9% |
| Amounts payable | 17/49 | €191,798 | €170,764 | -€21,034 | -11.0% |
| Amounts payable after more than one year | 17 | €86,578 | €48,745 | -€37,833 | -43.7% |
| Financial debts | 170/4 | €86,578 | €48,745 | -€37,833 | -43.7% |
| Amounts payable within one year | 42/48 | €104,407 | €121,474 | +€17,067 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €46,868 | €37,833 | -€9,036 | -19.3% |
| Financial debts | 43 | - | €5,072 | +€5,072 | |
| Credit institutions | 430/8 | - | €5,072 | +€5,072 | |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €47,125 | €60,951 | +€13,826 | +29.3% |
| Taxes | 450/3 | €47,125 | €60,951 | +€13,826 | +29.3% |
| Other amounts payable | 47/48 | €10,413 | €17,462 | +€7,049 | +67.7% |
| Accrued charges and deferred income | 492/3 | €814 | €545 | -€269 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,430 | €26,346 | -€1,085 | -4.0% |
| Other operating charges | 640/8 | €1,522 | €1,026 | -€496 | -32.6% |
| Gross operating margin | 9900 | €148,710 | €141,015 | -€7,695 | -5.2% |
| Operating profit (loss) | 9901 | €119,758 | €113,643 | -€6,115 | -5.1% |
| Financial income | 75/76B | €7,994 | €9,666 | +€1,672 | +20.9% |
| Recurring financial income | 75 | €7,994 | €9,666 | +€1,672 | +20.9% |
| Financial charges | 65/66B | €2,879 | €2,306 | -€572 | -19.9% |
| Recurring financial charges | 65 | €2,879 | €2,306 | -€572 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €124,873 | €121,002 | -€3,870 | -3.1% |
| Income taxes | 67/77 | €38,780 | €40,651 | +€1,871 | +4.8% |
| Profit (loss) for the period | 9904 | €86,093 | €80,352 | -€5,741 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,093 | €80,352 | -€5,741 | -6.7% |
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 5 October 2026 via checked.be.