Tax-Minded: 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.
Tax-Minded
Largest movements
- Cash +€91,969
up €91,969 (+62.5%), from €147,235 to €239,204
mainly Net result for the year (+€89,047) and Tax, wage and social debts (+€3,765)
- Reserves +€88,214
up €88,214 (+78.0%), from €113,029 to €201,243
- Tax, wage and social debts +€3,765
up €3,765 (+12.2%), from €30,832 to €34,598
- Gross operating margin +€9,227
up €9,227 (+8.6%), from €106,721 to €115,948
- Taxes +€2,161
up €2,161 (+10.1%), from €21,500 to €23,661
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 | €147,235 | €240,044 | +€92,809 | +63.0% |
| Current assets | 29/58 | €147,235 | €240,044 | +€92,809 | +63.0% |
| Cash at bank and in hand | 54/58 | €147,235 | €239,204 | +€91,969 | +62.5% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €147,235 | €240,044 | +€92,809 | +63.0% |
| Equity | 10/15 | €115,529 | €203,743 | +€88,214 | +76.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €113,029 | €201,243 | +€88,214 | +78.0% |
| Distributable reserves | 133 | €113,029 | €201,243 | +€88,214 | +78.0% |
| Amounts payable | 17/49 | €31,706 | €36,301 | +€4,594 | +14.5% |
| Amounts payable within one year | 42/48 | €31,706 | €36,301 | +€4,594 | +14.5% |
| Trade debts | 44 | €3 | €842 | +€839 | +25,899% |
| Suppliers | 440/4 | €3 | €842 | +€839 | +25,899% |
| Taxes, remuneration and social security | 45 | €30,832 | €34,598 | +€3,765 | +12.2% |
| Taxes | 450/3 | €30,832 | €34,598 | +€3,765 | +12.2% |
| Other amounts payable | 47/48 | €871 | €861 | -€10 | -1.1% |
| Gross operating margin | 9900 | €106,721 | €115,948 | +€9,227 | +8.6% |
| Operating profit (loss) | 9901 | €106,721 | €115,948 | +€9,227 | +8.6% |
| Financial charges | 65/66B | €2,462 | €3,240 | +€778 | +31.6% |
| Recurring financial charges | 65 | €2,462 | €3,240 | +€778 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €104,260 | €112,708 | +€8,449 | +8.1% |
| Income taxes | 67/77 | €21,500 | €23,661 | +€2,161 | +10.1% |
| Profit (loss) for the period | 9904 | €82,760 | €89,047 | +€6,288 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,760 | €89,047 | +€6,288 | +7.6% |
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 25 October 2026 via checked.be.