QMINDS: 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.
QMINDS
Largest movements
- Cash +€33,577
up €33,577 (+64.8%), from €51,821 to €85,398
mainly Net result for the year (+€43,056) and Depreciation (+€5,867)
- Tangible fixed assets +€11,463
up €11,463 (+188%), from €6,105 to €17,568
of which Furniture and vehicles: +€12,108
- Reserves +€43,056
up €43,056 (+75.4%), from €57,085 to €100,141
of which Distributable reserves: +€43,056
- Trade debts +€4,742
up €4,742 (+925%), from €512 to €5,255
- Tax, wage and social debts -€3,745
down €3,745 (-44.7%), from €8,369 to €4,625
of which Taxes: -€5,566
- Gross operating margin +€6,727
up €6,727 (+10.8%), from €62,088 to €68,816
- Depreciation +€3,744
up €3,744 (+176%), from €2,123 to €5,867
- Taxes +€2,725
up €2,725 (+18.3%), from €14,907 to €17,631
- Financial income -€813
down €813 (-99.9%), from €814 to €1
- Financial charges +€797
up €797 (+267%), from €298 to €1,095
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 | €74,535 | €119,262 | +€44,727 | +60.0% |
| Fixed assets | 21/28 | €6,321 | €17,757 | +€11,436 | +181% |
| Intangible fixed assets | 21 | €216 | €189 | -€27 | -12.6% |
| Tangible fixed assets | 22/27 | €6,105 | €17,568 | +€11,463 | +188% |
| Plant, machinery and equipment | 23 | €1,290 | €645 | -€645 | -50.0% |
| Furniture and vehicles | 24 | €4,815 | €16,923 | +€12,108 | +251% |
| Current assets | 29/58 | €68,214 | €101,505 | +€33,292 | +48.8% |
| Amounts receivable within one year | 40/41 | €12,990 | €12,948 | -€42 | -0.3% |
| Trade receivables | 40 | €9,628 | €9,976 | +€348 | +3.6% |
| Other amounts receivable | 41 | €3,362 | €2,972 | -€390 | -11.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,821 | €85,398 | +€33,577 | +64.8% |
| Deferred charges and accrued income | 490/1 | €3,403 | €3,159 | -€243 | -7.2% |
| Total equity and liabilities | 10/49 | €74,535 | €119,262 | +€44,727 | +60.0% |
| Equity | 10/15 | €63,285 | €106,341 | +€43,056 | +68.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,085 | €100,141 | +€43,056 | +75.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €57,085 | €100,141 | +€43,056 | +75.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,250 | €12,921 | +€1,671 | +14.9% |
| Amounts payable within one year | 42/48 | €11,125 | €12,771 | +€1,646 | +14.8% |
| Financial debts | 43 | €136 | €805 | +€669 | +491% |
| Credit institutions | 430/8 | €136 | €805 | +€669 | +491% |
| Trade debts | 44 | €512 | €5,255 | +€4,742 | +925% |
| Suppliers | 440/4 | €512 | €5,255 | +€4,742 | +925% |
| Taxes, remuneration and social security | 45 | €8,369 | €4,625 | -€3,745 | -44.7% |
| Taxes | 450/3 | €5,566 | €0 | -€5,566 | -100% |
| Remuneration and social security | 454/9 | €2,803 | €4,625 | +€1,821 | +65.0% |
| Other amounts payable | 47/48 | €2,107 | €2,087 | -€20 | -0.9% |
| Accrued charges and deferred income | 492/3 | €125 | €150 | +€25 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,123 | €5,867 | +€3,744 | +176% |
| Other operating charges | 640/8 | €1,138 | €1,167 | +€29 | +2.6% |
| Gross operating margin | 9900 | €62,088 | €68,816 | +€6,727 | +10.8% |
| Operating profit (loss) | 9901 | €58,828 | €61,782 | +€2,954 | +5.0% |
| Financial income | 75/76B | €814 | €1 | -€813 | -99.9% |
| Recurring financial income | 75 | €814 | €1 | -€813 | -99.9% |
| Financial charges | 65/66B | €298 | €1,095 | +€797 | +267% |
| Recurring financial charges | 65 | €298 | €1,095 | +€797 | +267% |
| Profit (loss) for the period before taxes | 9903 | €59,344 | €60,687 | +€1,344 | +2.3% |
| Income taxes | 67/77 | €14,907 | €17,631 | +€2,725 | +18.3% |
| Profit (loss) for the period | 9904 | €44,437 | €43,056 | -€1,381 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,437 | €43,056 | -€1,381 | -3.1% |
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 13 October 2026 via checked.be.