MASTERMIND: 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.
MASTERMIND
Largest movements
- Receivables within one year +€32,187
up €32,187 (+58.0%), from €55,514 to €87,701
of which Trade receivables: +€21,894
- Current investments -€29,968
down €29,968 (-27.2%), from €110,261 to €80,294
- Tangible fixed assets +€17,427
up €17,427 (+31.0%), from €56,286 to €73,714
of which Furniture and vehicles: +€29,975
- Debts after one year +€18,290
new in 2025: €18,290
- Current portion of long-term debt +€8,259
new in 2025: €8,259
- Contributions -€6,200
down €6,200 (-100%), from €6,200 to €0
- Profit (loss) carried forward -€3,217
down €3,217, from €0 to -€3,217
- Trade debts +€2,703
up €2,703 (+1,677%), from €161 to €2,864
- Gross operating margin +€18,494
up €18,494 (+139%), from €13,293 to €31,786
- Other operating charges +€9,717
up €9,717 (+7,684%), from €126 to €9,843
- Depreciation +€7,955
up €7,955 (+66.2%), from €12,009 to €19,964
- Taxes +€2,266
up €2,266 (+313%), from €723 to €2,989
- Financial charges +€1,805
up €1,805 (+74.9%), from €2,408 to €4,213
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 | €247,855 | €266,079 | +€18,224 | +7.4% |
| Fixed assets | 21/28 | €56,869 | €73,714 | +€16,845 | +29.6% |
| Tangible fixed assets | 22/27 | €56,286 | €73,714 | +€17,427 | +31.0% |
| Land and buildings | 22 | €27,112 | €16,245 | -€10,867 | -40.1% |
| Plant, machinery and equipment | 23 | €3,484 | €1,805 | -€1,680 | -48.2% |
| Furniture and vehicles | 24 | €25,690 | €55,665 | +€29,975 | +117% |
| Financial fixed assets | 28 | €583 | €0 | -€583 | -100% |
| Current assets | 29/58 | €190,986 | €192,365 | +€1,379 | +0.7% |
| Amounts receivable within one year | 40/41 | €55,514 | €87,701 | +€32,187 | +58.0% |
| Trade receivables | 40 | €49,563 | €71,457 | +€21,894 | +44.2% |
| Other amounts receivable | 41 | €5,951 | €16,244 | +€10,293 | +173% |
| Current investments | 50/53 | €110,261 | €80,294 | -€29,968 | -27.2% |
| Cash at bank and in hand | 54/58 | €25,210 | €23,232 | -€1,978 | -7.8% |
| Deferred charges and accrued income | 490/1 | - | €1,138 | +€1,138 | |
| Total equity and liabilities | 10/49 | €247,855 | €266,079 | +€18,224 | +7.4% |
| Equity | 10/15 | €236,845 | €227,090 | -€9,755 | -4.1% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100% |
| Reserves | 13 | €230,645 | €230,307 | -€338 | -0.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €230,645 | €230,307 | -€338 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | -€3,217 | -€3,217 | |
| Amounts payable | 17/49 | €11,010 | €38,989 | +€27,979 | +254% |
| Amounts payable after more than one year | 17 | - | €18,290 | +€18,290 | |
| Financial debts | 170/4 | - | €18,290 | +€18,290 | |
| Amounts payable within one year | 42/48 | €11,010 | €20,699 | +€9,689 | +88.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,259 | +€8,259 | |
| Financial debts | 43 | - | €233 | +€233 | |
| Credit institutions | 430/8 | - | €233 | +€233 | |
| Trade debts | 44 | €161 | €2,864 | +€2,703 | +1,677% |
| Suppliers | 440/4 | €161 | €2,864 | +€2,703 | +1,677% |
| Taxes, remuneration and social security | 45 | €10,849 | €9,343 | -€1,506 | -13.9% |
| Taxes | 450/3 | €10,849 | €9,343 | -€1,506 | -13.9% |
| Non-recurring operating income | 76A | - | €335 | +€335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,009 | €19,964 | +€7,955 | +66.2% |
| Other operating charges | 640/8 | €126 | €9,843 | +€9,717 | +7,684% |
| Gross operating margin | 9900 | €13,293 | €31,786 | +€18,494 | +139% |
| Operating profit (loss) | 9901 | €1,158 | €1,979 | +€822 | +71.0% |
| Financial income | 75/76B | €452 | €1,667 | +€1,215 | +269% |
| Recurring financial income | 75 | €452 | €1,667 | +€1,215 | +269% |
| Financial charges | 65/66B | €2,408 | €4,213 | +€1,805 | +74.9% |
| Recurring financial charges | 65 | €2,408 | €4,213 | +€1,805 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | -€798 | -€566 | +€232 | +29.1% |
| Income taxes | 67/77 | €723 | €2,989 | +€2,266 | +313% |
| Profit (loss) for the period | 9904 | -€1,521 | -€3,555 | -€2,033 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,521 | -€3,555 | -€2,033 | -134% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.