ShiftingMindsets: 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.
ShiftingMindsets
Largest movements
- Current investments +€20,000
up €20,000 (+7.1%), from €280,000 to €300,000
- Cash +€12,977
up €12,977 (+26.8%), from €48,418 to €61,396
mainly Net result for the year (+€44,335) and Depreciation (+€5,668)
- Tangible fixed assets +€7,454
up €7,454 (+81.7%), from €9,126 to €16,580
of which Furniture and vehicles: +€3,941
- Reserves +€44,335
up €44,335 (+12.6%), from €352,711 to €397,046
- Gross operating margin -€10,385
down €10,385 (-15.6%), from €66,634 to €56,249
- Depreciation -€3,103
down €3,103 (-35.4%), from €8,772 to €5,668
- Taxes -€1,936
down €1,936 (-11.8%), from €16,459 to €14,523
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 | €371,117 | €412,409 | +€41,293 | +11.1% |
| Fixed assets | 21/28 | €9,126 | €16,580 | +€7,454 | +81.7% |
| Tangible fixed assets | 22/27 | €9,126 | €16,580 | +€7,454 | +81.7% |
| Plant, machinery and equipment | 23 | €5,740 | €9,253 | +€3,513 | +61.2% |
| Furniture and vehicles | 24 | €3,386 | €7,327 | +€3,941 | +116.4% |
| Current assets | 29/58 | €361,991 | €395,829 | +€33,838 | +9.3% |
| Amounts receivable within one year | 40/41 | €30,914 | €32,021 | +€1,106 | +3.6% |
| Trade receivables | 40 | €18,843 | €22,222 | +€3,379 | +17.9% |
| Other amounts receivable | 41 | €12,071 | €9,798 | -€2,273 | -18.8% |
| Current investments | 50/53 | €280,000 | €300,000 | +€20,000 | +7.1% |
| Cash at bank and in hand | 54/58 | €48,418 | €61,396 | +€12,977 | +26.8% |
| Deferred charges and accrued income | 490/1 | €2,658 | €2,413 | -€245 | -9.2% |
| Total equity and liabilities | 10/49 | €371,117 | €412,409 | +€41,293 | +11.1% |
| Equity | 10/15 | €355,211 | €399,546 | +€44,335 | +12.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €352,711 | €397,046 | +€44,335 | +12.6% |
| Distributable reserves | 133 | €352,711 | €397,046 | +€44,335 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,906 | €12,864 | -€3,042 | -19.1% |
| Amounts payable within one year | 42/48 | €15,486 | €10,993 | -€4,493 | -29.0% |
| Trade debts | 44 | €3,605 | €737 | -€2,868 | -79.6% |
| Suppliers | 440/4 | €3,605 | €737 | -€2,868 | -79.6% |
| Advances received on contracts in progress | 46 | - | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €11,881 | €10,195 | -€1,686 | -14.2% |
| Taxes | 450/3 | €11,881 | €10,195 | -€1,686 | -14.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €420 | €1,871 | +€1,451 | +345.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,772 | €5,668 | -€3,103 | -35.4% |
| Other operating charges | 640/8 | €1,585 | €2,014 | +€428 | +27.0% |
| Gross operating margin | 9900 | €66,634 | €56,249 | -€10,385 | -15.6% |
| Operating profit (loss) | 9901 | €56,277 | €48,567 | -€7,710 | -13.7% |
| Financial income | 75/76B | €10,471 | €10,431 | -€39 | -0.4% |
| Recurring financial income | 75 | €10,471 | €10,431 | -€39 | -0.4% |
| Financial charges | 65/66B | €436 | €141 | -€295 | -67.8% |
| Recurring financial charges | 65 | €436 | €141 | -€295 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €66,312 | €58,858 | -€7,454 | -11.2% |
| Income taxes | 67/77 | €16,459 | €14,523 | -€1,936 | -11.8% |
| Profit (loss) for the period | 9904 | €49,853 | €44,335 | -€5,518 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,853 | €44,335 | -€5,518 | -11.1% |
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 3 October 2026 via checked.be.