STATE OF 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.
STATE OF MIND
Largest movements
- Cash -€13,091
down €13,091 (-53.4%), from €24,505 to €11,414
mainly Debts after one year (-€14,217) and Trade debts (-€5,540)
- Tangible fixed assets -€9,673
down €9,673 (-23.3%), from €41,599 to €31,926
of which Leasing and similar rights: -€8,573
- Debts after one year -€14,217
down €14,217 (-26.2%), from €54,352 to €40,135
- Trade debts -€5,540
down €5,540 (-85.7%), from €6,468 to €928
- Tax, wage and social debts -€5,034
down €5,034 (-38.9%), from €12,955 to €7,921
- Other debts +€3,194
up €3,194 (+671%), from €476 to €3,670
- Reserves -€1,384
down €1,384 (-4.1%), from €33,841 to €32,457
- Gross operating margin -€20,699
down €20,699 (-57.8%), from €35,784 to €15,084
- Taxes -€4,305
down €4,305 (-83.4%), from €5,161 to €855
- Other operating charges +€459
up €459 (+19.0%), from €2,423 to €2,882
- Depreciation +€381
up €381 (+4.1%), from €9,291 to €9,673
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 | €126,103 | €103,628 | -€22,475 | -17.8% |
| Fixed assets | 21/28 | €41,599 | €31,926 | -€9,673 | -23.3% |
| Tangible fixed assets | 22/27 | €41,599 | €31,926 | -€9,673 | -23.3% |
| Plant, machinery and equipment | 23 | €5,607 | €5,263 | -€343 | -6.1% |
| Furniture and vehicles | 24 | €6,443 | €5,687 | -€756 | -11.7% |
| Leasing and similar rights | 25 | €29,549 | €20,975 | -€8,573 | -29.0% |
| Current assets | 29/58 | €84,505 | €71,702 | -€12,803 | -15.2% |
| Amounts receivable within one year | 40/41 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 41 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,505 | €11,414 | -€13,091 | -53.4% |
| Deferred charges and accrued income | 490/1 | - | €288 | +€288 | |
| Total equity and liabilities | 10/49 | €126,103 | €103,628 | -€22,475 | -17.8% |
| Equity | 10/15 | €37,841 | €36,457 | -€1,384 | -3.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €33,841 | €32,457 | -€1,384 | -4.1% |
| Distributable reserves | 133 | €33,841 | €32,457 | -€1,384 | -4.1% |
| Amounts payable | 17/49 | €88,262 | €67,171 | -€21,092 | -23.9% |
| Amounts payable after more than one year | 17 | €54,352 | €40,135 | -€14,217 | -26.2% |
| Financial debts | 170/4 | €54,352 | €40,135 | -€14,217 | -26.2% |
| Amounts payable within one year | 42/48 | €33,610 | €26,735 | -€6,875 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €13,712 | €14,217 | +€505 | +3.7% |
| Trade debts | 44 | €6,468 | €928 | -€5,540 | -85.7% |
| Suppliers | 440/4 | €6,468 | €928 | -€5,540 | -85.7% |
| Taxes, remuneration and social security | 45 | €12,955 | €7,921 | -€5,034 | -38.9% |
| Taxes | 450/3 | €12,955 | €7,921 | -€5,034 | -38.9% |
| Other amounts payable | 47/48 | €476 | €3,670 | +€3,194 | +671% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,291 | €9,673 | +€381 | +4.1% |
| Other operating charges | 640/8 | €2,423 | €2,882 | +€459 | +19.0% |
| Gross operating margin | 9900 | €35,784 | €15,084 | -€20,699 | -57.8% |
| Operating profit (loss) | 9901 | €24,070 | €2,530 | -€21,540 | -89.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,371 | €2,231 | -€141 | -5.9% |
| Recurring financial charges | 65 | €2,371 | €2,231 | -€141 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €21,698 | €305 | -€21,394 | -98.6% |
| Income taxes | 67/77 | €5,161 | €855 | -€4,305 | -83.4% |
| Profit (loss) for the period | 9904 | €16,538 | -€551 | -€17,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,538 | -€551 | -€17,088 |
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 26 October 2026 via checked.be.