T 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.
T MIND
Largest movements
- Cash +€35,065
up €35,065 (+224%), from €15,655 to €50,720
mainly Other debts (+€35,150) and Tax, wage and social debts (+€22,827)
- Tangible fixed assets -€19,399
down €19,399 (-7.5%), from €257,514 to €238,115
of which Furniture and vehicles: -€10,180
- Receivables within one year -€7,418
down €7,418 (-17.7%), from €41,873 to €34,455
of which Trade receivables: -€17,061
- Current investments +€5,600
up €5,600 (+466%), from €1,201 to €6,801
- Reserves -€37,000
down €37,000 (-45.1%), from €82,000 to €45,000
- Other debts +€35,150
new in 2025: €35,150
- Tax, wage and social debts +€22,827
up €22,827 (+139%), from €16,425 to €39,252
- Debts after one year -€19,980
down €19,980 (-12.4%), from €161,522 to €141,542
- Profit (loss) carried forward +€16,868
up €16,868 (+56.7%), from €29,749 to €46,617
- Purchases and services -€14,273
down €14,273 (-9.6%), from €149,362 to €135,089
- Gross operating margin +€10,344
up €10,344 (+23.5%), from €43,982 to €54,326
- Turnover -€3,929
down €3,929 (-2.0%), from €193,344 to €189,415
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 | €318,307 | €330,937 | +€12,630 | +4.0% |
| Fixed assets | 21/28 | €257,514 | €238,115 | -€19,399 | -7.5% |
| Tangible fixed assets | 22/27 | €257,514 | €238,115 | -€19,399 | -7.5% |
| Land and buildings | 22 | €228,509 | €219,290 | -€9,219 | -4.0% |
| Furniture and vehicles | 24 | €29,005 | €18,825 | -€10,180 | -35.1% |
| Current assets | 29/58 | €60,793 | €92,822 | +€32,029 | +52.7% |
| Amounts receivable within one year | 40/41 | €41,873 | €34,455 | -€7,418 | -17.7% |
| Trade receivables | 40 | €17,061 | €0 | -€17,061 | -100% |
| Other amounts receivable | 41 | €24,812 | €34,455 | +€9,643 | +38.9% |
| Current investments | 50/53 | €1,201 | €6,801 | +€5,600 | +466% |
| Cash at bank and in hand | 54/58 | €15,655 | €50,720 | +€35,065 | +224% |
| Deferred charges and accrued income | 490/1 | €2,064 | €846 | -€1,218 | -59.0% |
| Total equity and liabilities | 10/49 | €318,307 | €330,937 | +€12,630 | +4.0% |
| Equity | 10/15 | €112,749 | €92,617 | -€20,132 | -17.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €45,000 | -€37,000 | -45.1% |
| Distributable reserves | 133 | €82,000 | €45,000 | -€37,000 | -45.1% |
| Profit (loss) carried forward | 14 | €29,749 | €46,617 | +€16,868 | +56.7% |
| Amounts payable | 17/49 | €205,558 | €238,320 | +€32,762 | +15.9% |
| Amounts payable after more than one year | 17 | €161,522 | €141,542 | -€19,980 | -12.4% |
| Financial debts | 170/4 | €161,522 | €141,542 | -€19,980 | -12.4% |
| Amounts payable within one year | 42/48 | €43,286 | €96,028 | +€52,742 | +122% |
| Current portion of amounts payable after more than one year | 42 | €20,355 | €19,980 | -€375 | -1.8% |
| Trade debts | 44 | €6,506 | €1,646 | -€4,860 | -74.7% |
| Suppliers | 440/4 | €6,506 | €1,646 | -€4,860 | -74.7% |
| Taxes, remuneration and social security | 45 | €16,425 | €39,252 | +€22,827 | +139% |
| Taxes | 450/3 | €16,425 | €39,252 | +€22,827 | +139% |
| Other amounts payable | 47/48 | - | €35,150 | +€35,150 | |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Turnover | 70 | €193,344 | €189,415 | -€3,929 | -2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €149,362 | €135,089 | -€14,273 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,303 | €19,399 | +€96 | +0.5% |
| Other operating charges | 640/8 | €566 | €1,861 | +€1,295 | +229% |
| Non-recurring operating charges | 66A | - | €678 | +€678 | |
| Gross operating margin | 9900 | €43,982 | €54,326 | +€10,344 | +23.5% |
| Operating profit (loss) | 9901 | €24,113 | €32,388 | +€8,275 | +34.3% |
| Financial charges | 65/66B | €7,593 | €8,255 | +€662 | +8.7% |
| Recurring financial charges | 65 | €7,593 | €8,255 | +€662 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €16,520 | €24,133 | +€7,613 | +46.1% |
| Income taxes | 67/77 | €6,510 | €7,265 | +€755 | +11.6% |
| Profit (loss) for the period | 9904 | €10,010 | €16,868 | +€6,858 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,010 | €16,868 | +€6,858 | +68.5% |
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 16 October 2026 via checked.be.