SHARP 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.
SHARP MIND
Largest movements
- Cash -€85,527
down €85,527 (-81.2%), from €105,321 to €19,794
mainly Net result for the year (-€41,689) and Receivables after one year (-€20,000)
- Receivables after one year +€20,000
up €20,000 (+100.0%), from €20,000 to €40,000
- Receivables within one year +€4,440
up €4,440 (+48.3%), from €9,202 to €13,642
of which Trade receivables: +€2,788
- Tangible fixed assets +€2,248
up €2,248 (+25.5%), from €8,827 to €11,075
- Profit (loss) carried forward -€41,689
down €41,689 (-39.5%), from €105,548 to €63,859
- Tax, wage and social debts -€17,085
down €17,085 (-90.7%), from €18,842 to €1,758
of which Taxes: -€17,085
- Gross operating margin -€99,242
down €99,242, from €60,589 to -€38,653
- Taxes -€16,785
down €16,785 (-98.7%), from €17,001 to €216
- Depreciation +€2,173
up €2,173 (+154.7%), from €1,405 to €3,578
- Financial income +€1,367
up €1,367 (+240.5%), from €568 to €1,935
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 | €145,606 | €87,395 | -€58,211 | -40.0% |
| Fixed assets | 21/28 | €8,827 | €11,075 | +€2,248 | +25.5% |
| Tangible fixed assets | 22/27 | €8,827 | €11,075 | +€2,248 | +25.5% |
| Furniture and vehicles | 24 | €8,827 | €11,075 | +€2,248 | +25.5% |
| Current assets | 29/58 | €136,779 | €76,320 | -€60,458 | -44.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Other amounts receivable | 291 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €9,202 | €13,642 | +€4,440 | +48.3% |
| Trade receivables | 40 | - | €2,788 | +€2,788 | |
| Other amounts receivable | 41 | €9,202 | €10,854 | +€1,652 | +18.0% |
| Cash at bank and in hand | 54/58 | €105,321 | €19,794 | -€85,527 | -81.2% |
| Deferred charges and accrued income | 490/1 | €2,256 | €2,885 | +€628 | +27.8% |
| Total equity and liabilities | 10/49 | €145,606 | €87,395 | -€58,211 | -40.0% |
| Equity | 10/15 | €126,008 | €84,319 | -€41,689 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,548 | €63,859 | -€41,689 | -39.5% |
| Amounts payable | 17/49 | €19,597 | €3,076 | -€16,522 | -84.3% |
| Amounts payable within one year | 42/48 | €19,597 | €3,076 | -€16,522 | -84.3% |
| Trade debts | 44 | €755 | €1,318 | +€563 | +74.6% |
| Suppliers | 440/4 | €755 | €1,318 | +€563 | +74.6% |
| Taxes, remuneration and social security | 45 | €18,842 | €1,758 | -€17,085 | -90.7% |
| Taxes | 450/3 | €17,412 | €328 | -€17,085 | -98.1% |
| Remuneration and social security | 454/9 | €1,430 | €1,430 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405 | €3,578 | +€2,173 | +154.7% |
| Other operating charges | 640/8 | €202 | €176 | -€26 | -12.7% |
| Gross operating margin | 9900 | €60,589 | -€38,653 | -€99,242 | |
| Operating profit (loss) | 9901 | €58,982 | -€42,407 | -€101,389 | |
| Financial income | 75/76B | €568 | €1,935 | +€1,367 | +240.5% |
| Recurring financial income | 75 | €568 | €1,935 | +€1,367 | +240.5% |
| Financial charges | 65/66B | €1,346 | €1,001 | -€345 | -25.7% |
| Recurring financial charges | 65 | €1,346 | €1,001 | -€345 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €58,204 | -€41,473 | -€99,677 | |
| Income taxes | 67/77 | €17,001 | €216 | -€16,785 | -98.7% |
| Profit (loss) for the period | 9904 | €41,203 | -€41,689 | -€82,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,203 | -€41,689 | -€82,892 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.