ValueMinded: 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.
ValueMinded
Largest movements
- Intangible fixed assets -€39,321
no longer reported in 2025 (was €39,321)
- Receivables within one year +€3,258
up €3,258 (+9.0%), from €36,274 to €39,532
of which Other amounts receivable: +€6,769
- Profit (loss) carried forward -€34,812
down €34,812 (-77.6%), from €44,880 to €10,067
- Other debts +€8,827
up €8,827 (+30.9%), from €28,600 to €37,427
- Current portion of long-term debt -€4,092
no longer reported in 2025 (was €4,092)
- Trade debts -€3,791
down €3,791 (-92.4%), from €4,104 to €314
- Tax, wage and social debts -€2,822
down €2,822 (-22.5%), from €12,530 to €9,708
- Other operating charges +€38,958
up €38,958 (+1748.6%), from €2,228 to €41,186
- Gross operating margin -€20,306
down €20,306 (-25.2%), from €80,630 to €60,323
- Depreciation -€14,774
down €14,774 (-94.8%), from €15,577 to €803
- Taxes -€9,214
down €9,214 (-64.5%), from €14,277 to €5,063
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 | €125,724 | €89,224 | -€36,501 | -29.0% |
| Fixed assets | 21/28 | €42,511 | €2,386 | -€40,125 | -94.4% |
| Intangible fixed assets | 21 | €39,321 | - | -€39,321 | |
| Tangible fixed assets | 22/27 | €3,189 | €2,386 | -€803 | -25.2% |
| Other tangible fixed assets | 26 | €3,189 | €2,386 | -€803 | -25.2% |
| Current assets | 29/58 | €83,214 | €86,838 | +€3,624 | +4.4% |
| Amounts receivable within one year | 40/41 | €36,274 | €39,532 | +€3,258 | +9.0% |
| Trade receivables | 40 | €32,551 | €29,040 | -€3,511 | -10.8% |
| Other amounts receivable | 41 | €3,723 | €10,492 | +€6,769 | +181.8% |
| Cash at bank and in hand | 54/58 | €46,940 | €47,306 | +€366 | +0.8% |
| Total equity and liabilities | 10/49 | €125,724 | €89,224 | -€36,501 | -29.0% |
| Equity | 10/15 | €73,480 | €38,667 | -€34,812 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,880 | €10,067 | -€34,812 | -77.6% |
| Amounts payable | 17/49 | €52,245 | €50,556 | -€1,689 | -3.2% |
| Amounts payable within one year | 42/48 | €49,326 | €47,449 | -€1,877 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €4,092 | - | -€4,092 | |
| Trade debts | 44 | €4,104 | €314 | -€3,791 | -92.4% |
| Suppliers | 440/4 | €4,104 | €314 | -€3,791 | -92.4% |
| Taxes, remuneration and social security | 45 | €12,530 | €9,708 | -€2,822 | -22.5% |
| Taxes | 450/3 | €12,530 | €9,708 | -€2,822 | -22.5% |
| Other amounts payable | 47/48 | €28,600 | €37,427 | +€8,827 | +30.9% |
| Accrued charges and deferred income | 492/3 | €2,919 | €3,107 | +€188 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,577 | €803 | -€14,774 | -94.8% |
| Other operating charges | 640/8 | €2,228 | €41,186 | +€38,958 | +1748.6% |
| Gross operating margin | 9900 | €80,630 | €60,323 | -€20,306 | -25.2% |
| Operating profit (loss) | 9901 | €62,824 | €18,334 | -€44,491 | -70.8% |
| Financial charges | 65/66B | €3,668 | €3,204 | -€464 | -12.7% |
| Recurring financial charges | 65 | €3,668 | €3,204 | -€464 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €59,157 | €15,130 | -€44,026 | -74.4% |
| Income taxes | 67/77 | €14,277 | €5,063 | -€9,214 | -64.5% |
| Profit (loss) for the period | 9904 | €44,880 | €10,067 | -€34,812 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,880 | €10,067 | -€34,812 | -77.6% |
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 11 October 2026 via checked.be.