ANALYTICS 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.
ANALYTICS MINDED
Largest movements
- Tangible fixed assets +€10,900
up €10,900 (+159%), from €6,849 to €17,748
- Receivables within one year +€7,011
up €7,011 (+28.9%), from €24,249 to €31,261
of which Trade receivables: +€7,302
- Cash -€5,794
down €5,794 (-30.8%), from €18,811 to €13,017
mainly Contributions, distributions and other (-€24,390) and Investment in fixed assets (net) (-€15,795)
- Trade debts +€9,574
up €9,574 (+653%), from €1,466 to €11,041
- Other debts +€8,185
up €8,185 (+64.2%), from €12,750 to €20,935
- Profit (loss) carried forward -€8,176
down €8,176 (-27.9%), from €29,279 to €21,103
- Tax, wage and social debts +€3,008
up €3,008 (+54.2%), from €5,553 to €8,561
of which Taxes: +€6,311
- Gross operating margin +€37,009
up €37,009 (+148%), from €25,046 to €62,055
- Staff costs +€14,820
up €14,820 (+88.8%), from €16,695 to €31,515
- Taxes +€3,697
up €3,697 (+189%), from €1,953 to €5,650
- Financial charges +€2,164
up €2,164 (+583%), from €371 to €2,536
- Depreciation +€920
up €920 (+23.1%), from €3,976 to €4,896
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 | €50,548 | €63,140 | +€12,592 | +24.9% |
| Fixed assets | 21/28 | €6,925 | €17,825 | +€10,900 | +157% |
| Tangible fixed assets | 22/27 | €6,849 | €17,748 | +€10,900 | +159% |
| Furniture and vehicles | 24 | €6,849 | €17,748 | +€10,900 | +159% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €43,623 | €45,315 | +€1,692 | +3.9% |
| Amounts receivable within one year | 40/41 | €24,249 | €31,261 | +€7,011 | +28.9% |
| Trade receivables | 40 | €21,324 | €28,626 | +€7,302 | +34.2% |
| Other amounts receivable | 41 | €2,925 | €2,635 | -€290 | -9.9% |
| Cash at bank and in hand | 54/58 | €18,811 | €13,017 | -€5,794 | -30.8% |
| Deferred charges and accrued income | 490/1 | €563 | €1,038 | +€475 | +84.3% |
| Total equity and liabilities | 10/49 | €50,548 | €63,140 | +€12,592 | +24.9% |
| Equity | 10/15 | €30,779 | €22,603 | -€8,176 | -26.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,279 | €21,103 | -€8,176 | -27.9% |
| Amounts payable | 17/49 | €19,769 | €40,537 | +€20,768 | +105% |
| Amounts payable within one year | 42/48 | €19,769 | €40,537 | +€20,768 | +105% |
| Trade debts | 44 | €1,466 | €11,041 | +€9,574 | +653% |
| Suppliers | 440/4 | €1,466 | €11,041 | +€9,574 | +653% |
| Taxes, remuneration and social security | 45 | €5,553 | €8,561 | +€3,008 | +54.2% |
| Taxes | 450/3 | €2,250 | €8,561 | +€6,311 | +280% |
| Remuneration and social security | 454/9 | €3,303 | - | -€3,303 | |
| Other amounts payable | 47/48 | €12,750 | €20,935 | +€8,185 | +64.2% |
| Remuneration, social security and pensions | 62 | €16,695 | €31,515 | +€14,820 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,976 | €4,896 | +€920 | +23.1% |
| Other operating charges | 640/8 | €419 | €1,244 | +€824 | +197% |
| Gross operating margin | 9900 | €25,046 | €62,055 | +€37,009 | +148% |
| Operating profit (loss) | 9901 | €3,955 | €24,400 | +€20,445 | +517% |
| Financial income | 75/76B | €350 | - | -€350 | |
| Recurring financial income | 75 | €350 | - | -€350 | |
| Financial charges | 65/66B | €371 | €2,536 | +€2,164 | +583% |
| Recurring financial charges | 65 | €371 | €2,536 | +€2,164 | +583% |
| Profit (loss) for the period before taxes | 9903 | €3,934 | €21,865 | +€17,930 | +456% |
| Income taxes | 67/77 | €1,953 | €5,650 | +€3,697 | +189% |
| Profit (loss) for the period | 9904 | €1,981 | €16,215 | +€14,234 | +719% |
| Profit (loss) for the period to be appropriated | 9905 | €1,981 | €16,215 | +€14,234 | +719% |
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 24 October 2026 via checked.be.