RED 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.
RED Mind
Largest movements
- Tangible fixed assets +€26,647
up €26,647 (+5,482%), from €486 to €27,133
- Cash -€12,238
down €12,238 (-30.0%), from €40,737 to €28,499
mainly Investment in fixed assets (net) (-€28,098) and Deferred charges and accrued income (-€1,756)
- Receivables within one year -€4,983
down €4,983 (-52.4%), from €9,502 to €4,519
of which Other amounts receivable: -€3,000
- Deferred charges and accrued income +€1,756
up €1,756 (+2,061%), from €85 to €1,842
- Profit (loss) carried forward +€12,047
up €12,047 (+185%), from €6,522 to €18,569
- Tax, wage and social debts -€1,194
down €1,194 (-17.4%), from €6,867 to €5,673
of which Remuneration and social security: -€2,030
- Financial income +€12,646
up €12,646 (+52,690%), from €24 to €12,670
of which Non-recurring financial income: +€12,670
- Depreciation +€1,336
up €1,336 (+1,155%), from €116 to €1,451
- Gross operating margin -€1,310
down €1,310 (-21.8%), from €5,994 to €4,684
- Taxes +€425
up €425 (+21.2%), from €2,000 to €2,424
- Other operating charges -€309
down €309 (-20.1%), from €1,536 to €1,227
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 | €50,810 | €61,993 | +€11,183 | +22.0% |
| Fixed assets | 21/28 | €486 | €27,133 | +€26,647 | +5,482% |
| Tangible fixed assets | 22/27 | €486 | €27,133 | +€26,647 | +5,482% |
| Furniture and vehicles | 24 | €486 | €27,133 | +€26,647 | +5,482% |
| Current assets | 29/58 | €50,324 | €34,860 | -€15,464 | -30.7% |
| Amounts receivable within one year | 40/41 | €9,502 | €4,519 | -€4,983 | -52.4% |
| Trade receivables | 40 | €6,501 | €4,519 | -€1,983 | -30.5% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100% |
| Cash at bank and in hand | 54/58 | €40,737 | €28,499 | -€12,238 | -30.0% |
| Deferred charges and accrued income | 490/1 | €85 | €1,842 | +€1,756 | +2,061% |
| Total equity and liabilities | 10/49 | €50,810 | €61,993 | +€11,183 | +22.0% |
| Equity | 10/15 | €41,932 | €53,979 | +€12,047 | +28.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 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 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,522 | €18,569 | +€12,047 | +185% |
| Amounts payable | 17/49 | €8,878 | €8,014 | -€864 | -9.7% |
| Amounts payable within one year | 42/48 | €8,878 | €8,014 | -€864 | -9.7% |
| Trade debts | 44 | €781 | €699 | -€82 | -10.5% |
| Suppliers | 440/4 | €781 | €699 | -€82 | -10.5% |
| Taxes, remuneration and social security | 45 | €6,867 | €5,673 | -€1,194 | -17.4% |
| Taxes | 450/3 | €4,687 | €5,523 | +€836 | +17.8% |
| Remuneration and social security | 454/9 | €2,180 | €150 | -€2,030 | -93.1% |
| Other amounts payable | 47/48 | €1,231 | €1,642 | +€411 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €1,451 | +€1,336 | +1,155% |
| Other operating charges | 640/8 | €1,536 | €1,227 | -€309 | -20.1% |
| Gross operating margin | 9900 | €5,994 | €4,684 | -€1,310 | -21.8% |
| Operating profit (loss) | 9901 | €4,342 | €2,005 | -€2,337 | -53.8% |
| Financial income | 75/76B | €24 | €12,670 | +€12,646 | +52,690% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Non-recurring financial income | 76B | - | €12,670 | +€12,670 | |
| Financial charges | 65/66B | €90 | €204 | +€113 | +125% |
| Recurring financial charges | 65 | €90 | €204 | +€113 | +125% |
| Profit (loss) for the period before taxes | 9903 | €4,276 | €14,471 | +€10,196 | +238% |
| Income taxes | 67/77 | €2,000 | €2,424 | +€425 | +21.2% |
| Profit (loss) for the period | 9904 | €2,276 | €12,047 | +€9,771 | +429% |
| Profit (loss) for the period to be appropriated | 9905 | €2,276 | €12,047 | +€9,771 | +429% |
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 22 October 2026 via checked.be.