POSITIVE MIND: 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.
POSITIVE MIND
Largest movements
- Receivables after one year -€25,586
down €25,586 (-35.5%), from €72,116 to €46,530
- Receivables within one year +€20,451
up €20,451 (+10.4%), from €196,602 to €217,053
of which Other amounts receivable: +€16,975
- Cash -€18,835
down €18,835 (-71.6%), from €26,307 to €7,473
mainly Contributions, distributions and other (-€40,000) and Other debts (-€25,000)
- Tangible fixed assets -€13,373
down €13,373 (-16.2%), from €82,397 to €69,024
of which Plant, machinery and equipment: -€13,054
- Other debts -€25,000
down €25,000 (-38.5%), from €65,000 to €40,000
- Debts after one year -€21,946
down €21,946 (-17.4%), from €125,812 to €103,866
- Reserves +€18,950
up €18,950 (+5.9%), from €322,330 to €341,280
- Current portion of long-term debt -€8,520
down €8,520 (-28.0%), from €30,380 to €21,860
- Gross operating margin -€54,546
down €54,546 (-43.0%), from €126,812 to €72,266
- Taxes -€8,046
down €8,046 (-46.6%), from €17,275 to €9,229
- Financial income +€4,400
up €4,400 (+50.4%), from €8,731 to €13,131
- Staff costs +€3,546
up €3,546 (+79.4%), from -€4,467 to -€922
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 | €602,361 | €567,539 | -€34,821 | -5.8% |
| Fixed assets | 21/28 | €92,397 | €79,774 | -€12,623 | -13.7% |
| Tangible fixed assets | 22/27 | €82,397 | €69,024 | -€13,373 | -16.2% |
| Plant, machinery and equipment | 23 | €75,492 | €62,438 | -€13,054 | -17.3% |
| Furniture and vehicles | 24 | €5,027 | €4,708 | -€319 | -6.3% |
| Other tangible fixed assets | 26 | €1,878 | €1,878 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,750 | +€750 | +7.5% |
| Current assets | 29/58 | €509,964 | €487,766 | -€22,198 | -4.4% |
| Amounts receivable after more than one year | 29 | €72,116 | €46,530 | -€25,586 | -35.5% |
| Other amounts receivable | 291 | €72,116 | €46,530 | -€25,586 | -35.5% |
| Stocks and contracts in progress | 3 | €3,434 | €3,434 | = | 0.0% |
| Stocks | 30/36 | €3,434 | €3,434 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,602 | €217,053 | +€20,451 | +10.4% |
| Trade receivables | 40 | €14,304 | €17,780 | +€3,476 | +24.3% |
| Other amounts receivable | 41 | €182,298 | €199,273 | +€16,975 | +9.3% |
| Current investments | 50/53 | €200,000 | €201,442 | +€1,442 | +0.7% |
| Cash at bank and in hand | 54/58 | €26,307 | €7,473 | -€18,835 | -71.6% |
| Deferred charges and accrued income | 490/1 | €11,504 | €11,834 | +€330 | +2.9% |
| Total equity and liabilities | 10/49 | €602,361 | €567,539 | -€34,821 | -5.8% |
| Equity | 10/15 | €339,104 | €358,229 | +€19,125 | +5.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €322,330 | €341,280 | +€18,950 | +5.9% |
| Distributable reserves | 133 | €322,330 | €341,280 | +€18,950 | +5.9% |
| Profit (loss) carried forward | 14 | €1,774 | €1,949 | +€175 | +9.9% |
| Amounts payable | 17/49 | €263,256 | €209,310 | -€53,946 | -20.5% |
| Amounts payable after more than one year | 17 | €125,812 | €103,866 | -€21,946 | -17.4% |
| Financial debts | 170/4 | €125,812 | €103,866 | -€21,946 | -17.4% |
| Amounts payable within one year | 42/48 | €137,445 | €105,444 | -€32,000 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €30,380 | €21,860 | -€8,520 | -28.0% |
| Financial debts | 43 | €3,113 | €4,570 | +€1,457 | +46.8% |
| Credit institutions | 430/8 | €3,113 | €4,570 | +€1,457 | +46.8% |
| Trade debts | 44 | €5,479 | €10,708 | +€5,230 | +95.5% |
| Suppliers | 440/4 | €5,479 | €10,708 | +€5,230 | +95.5% |
| Taxes, remuneration and social security | 45 | €33,473 | €28,306 | -€5,167 | -15.4% |
| Taxes | 450/3 | €32,692 | €28,306 | -€4,386 | -13.4% |
| Remuneration and social security | 454/9 | €781 | - | -€781 | |
| Other amounts payable | 47/48 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Remuneration, social security and pensions | 62 | -€4,467 | -€922 | +€3,546 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,164 | €13,373 | +€209 | +1.6% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €126,812 | €72,266 | -€54,546 | -43.0% |
| Operating profit (loss) | 9901 | €117,731 | €59,815 | -€57,916 | -49.2% |
| Financial income | 75/76B | €8,731 | €13,131 | +€4,400 | +50.4% |
| Recurring financial income | 75 | €8,731 | €13,131 | +€4,400 | +50.4% |
| Financial charges | 65/66B | €3,671 | €4,592 | +€921 | +25.1% |
| Recurring financial charges | 65 | €3,671 | €4,592 | +€921 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €122,791 | €68,354 | -€54,437 | -44.3% |
| Income taxes | 67/77 | €17,275 | €9,229 | -€8,046 | -46.6% |
| Profit (loss) for the period | 9904 | €105,516 | €59,125 | -€46,391 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,516 | €59,125 | -€46,391 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.