V-minds: 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.
V-minds
Largest movements
- Cash -€13,403
down €13,403 (-29.2%), from €45,858 to €32,454
mainly Contributions, distributions and other (-€20,962) and Other debts (-€11,147)
- Tangible fixed assets -€9,883
down €9,883 (-41.1%), from €24,056 to €14,174
of which Furniture and vehicles: -€10,276
- Receivables within one year -€1,474
down €1,474 (-7.1%), from €20,654 to €19,180
of which Trade receivables: -€1,736
- Other debts -€11,147
down €11,147 (-21.8%), from €51,075 to €39,928
- Current portion of long-term debt -€9,672
down €9,672 (-100.0%), from €9,672 to €0
- Tax, wage and social debts -€4,059
down €4,059 (-33.0%), from €12,318 to €8,259
of which Remuneration and social security: -€4,188
- Gross operating margin -€27,573
down €27,573 (-40.8%), from €67,563 to €39,990
- Taxes -€5,485
down €5,485 (-44.1%), from €12,442 to €6,957
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 | €92,998 | €68,311 | -€24,687 | -26.5% |
| Fixed assets | 21/28 | €24,056 | €14,174 | -€9,883 | -41.1% |
| Tangible fixed assets | 22/27 | €24,056 | €14,174 | -€9,883 | -41.1% |
| Plant, machinery and equipment | 23 | €411 | €804 | +€394 | +95.8% |
| Furniture and vehicles | 24 | €23,646 | €13,369 | -€10,276 | -43.5% |
| Current assets | 29/58 | €68,942 | €54,137 | -€14,805 | -21.5% |
| Amounts receivable within one year | 40/41 | €20,654 | €19,180 | -€1,474 | -7.1% |
| Trade receivables | 40 | €20,373 | €18,636 | -€1,736 | -8.5% |
| Other amounts receivable | 41 | €282 | €543 | +€262 | +93.0% |
| Cash at bank and in hand | 54/58 | €45,858 | €32,454 | -€13,403 | -29.2% |
| Deferred charges and accrued income | 490/1 | €2,430 | €2,503 | +€73 | +3.0% |
| Total equity and liabilities | 10/49 | €92,998 | €68,311 | -€24,687 | -26.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,398 | €49,711 | -€24,687 | -33.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €74,190 | €49,307 | -€24,883 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €9,672 | €0 | -€9,672 | -100.0% |
| Trade debts | 44 | €1,124 | €1,119 | -€5 | -0.4% |
| Suppliers | 440/4 | €1,124 | €1,119 | -€5 | -0.4% |
| Taxes, remuneration and social security | 45 | €12,318 | €8,259 | -€4,059 | -33.0% |
| Taxes | 450/3 | €8,130 | €8,259 | +€130 | +1.6% |
| Remuneration and social security | 454/9 | €4,188 | €0 | -€4,188 | -100.0% |
| Other amounts payable | 47/48 | €51,075 | €39,928 | -€11,147 | -21.8% |
| Accrued charges and deferred income | 492/3 | €208 | €404 | +€196 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,121 | €10,866 | -€255 | -2.3% |
| Other operating charges | 640/8 | €652 | €674 | +€21 | +3.3% |
| Non-recurring operating charges | 66A | - | €411 | +€411 | |
| Gross operating margin | 9900 | €67,563 | €39,990 | -€27,573 | -40.8% |
| Operating profit (loss) | 9901 | €55,790 | €28,040 | -€27,750 | -49.7% |
| Financial income | 75/76B | €163 | €0 | -€163 | -100.0% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -100.0% |
| Financial charges | 65/66B | €241 | €121 | -€120 | -49.8% |
| Recurring financial charges | 65 | €241 | €121 | -€120 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €55,712 | €27,919 | -€27,793 | -49.9% |
| Income taxes | 67/77 | €12,442 | €6,957 | -€5,485 | -44.1% |
| Profit (loss) for the period | 9904 | €43,270 | €20,962 | -€22,308 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,270 | €20,962 | -€22,308 | -51.6% |
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 3 October 2026 via checked.be.