UpMind: 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.
UpMind
Largest movements
- Cash +€40,323
up €40,323 (+233.6%), from €17,260 to €57,583
mainly Net result for the year (+€28,634) and Depreciation (+€21,530)
- Tangible fixed assets -€21,530
down €21,530 (-7.9%), from €272,672 to €251,143
of which Furniture and vehicles: -€10,900
- Receivables within one year -€3,505
down €3,505 (-66.1%), from €5,299 to €1,794
of which Trade receivables: -€2,971
- Reserves +€28,634
up €28,634 (+207.5%), from €13,797 to €42,431
- Debts after one year -€21,006
down €21,006 (-10.2%), from €205,108 to €184,102
- Tax, wage and social debts +€7,706
up €7,706 (+357.7%), from €2,154 to €9,860
of which Taxes: +€7,706
- Gross operating margin +€28,361
up €28,361 (+64.8%), from €43,792 to €72,152
- Taxes +€6,857
up €6,857 (+348.8%), from €1,966 to €8,823
- Financial charges -€935
down €935 (-8.8%), from €10,609 to €9,674
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 | €297,674 | €311,917 | +€14,243 | +4.8% |
| Fixed assets | 21/28 | €272,672 | €251,143 | -€21,530 | -7.9% |
| Tangible fixed assets | 22/27 | €272,672 | €251,143 | -€21,530 | -7.9% |
| Land and buildings | 22 | €239,942 | €229,313 | -€10,630 | -4.4% |
| Furniture and vehicles | 24 | €32,730 | €21,830 | -€10,900 | -33.3% |
| Current assets | 29/58 | €25,002 | €60,775 | +€35,773 | +143.1% |
| Amounts receivable within one year | 40/41 | €5,299 | €1,794 | -€3,505 | -66.1% |
| Trade receivables | 40 | €4,765 | €1,794 | -€2,971 | -62.4% |
| Other amounts receivable | 41 | €534 | - | -€534 | |
| Cash at bank and in hand | 54/58 | €17,260 | €57,583 | +€40,323 | +233.6% |
| Deferred charges and accrued income | 490/1 | €2,443 | €1,398 | -€1,045 | -42.8% |
| Total equity and liabilities | 10/49 | €297,674 | €311,917 | +€14,243 | +4.8% |
| Equity | 10/15 | €18,797 | €47,431 | +€28,634 | +152.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,797 | €42,431 | +€28,634 | +207.5% |
| Distributable reserves | 133 | €13,797 | €42,431 | +€28,634 | +207.5% |
| Amounts payable | 17/49 | €278,877 | €264,486 | -€14,391 | -5.2% |
| Amounts payable after more than one year | 17 | €205,108 | €184,102 | -€21,006 | -10.2% |
| Financial debts | 170/4 | €205,108 | €184,102 | -€21,006 | -10.2% |
| Amounts payable within one year | 42/48 | €73,769 | €80,385 | +€6,615 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €20,571 | €21,006 | +€435 | +2.1% |
| Trade debts | 44 | €2,740 | €1,014 | -€1,726 | -63.0% |
| Suppliers | 440/4 | €2,740 | €1,014 | -€1,726 | -63.0% |
| Taxes, remuneration and social security | 45 | €2,154 | €9,860 | +€7,706 | +357.7% |
| Taxes | 450/3 | €654 | €8,360 | +€7,706 | +1177.7% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €48,304 | €48,505 | +€201 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,522 | €21,530 | +€8 | 0.0% |
| Other operating charges | 640/8 | €2,968 | €3,492 | +€523 | +17.6% |
| Gross operating margin | 9900 | €43,792 | €72,152 | +€28,361 | +64.8% |
| Operating profit (loss) | 9901 | €19,302 | €47,131 | +€27,830 | +144.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €10,609 | €9,674 | -€935 | -8.8% |
| Recurring financial charges | 65 | €10,609 | €9,674 | -€935 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €8,694 | €37,457 | +€28,763 | +330.8% |
| Income taxes | 67/77 | €1,966 | €8,823 | +€6,857 | +348.8% |
| Profit (loss) for the period | 9904 | €6,729 | €28,634 | +€21,906 | +325.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,729 | €28,634 | +€21,906 | +325.6% |
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 9 October 2026 via checked.be.