Masterminds: 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.
Masterminds
Largest movements
- Cash +€31,439
up €31,439 (+77.6%), from €40,527 to €71,965
mainly Depreciation (+€32,321) and Tax, wage and social debts (+€31,525)
- Receivables within one year -€22,162
down €22,162 (-87.6%), from €25,312 to €3,150
of which Other amounts receivable: -€22,162
- Tangible fixed assets -€12,833
down €12,833 (-10.1%), from €127,397 to €114,564
of which Plant, machinery and equipment: -€14,832
- Trade debts -€44,958
down €44,958 (-61.8%), from €72,789 to €27,831
- Tax, wage and social debts +€31,525
up €31,525 (+103%), from €30,618 to €62,142
of which Remuneration and social security: +€31,519
- Profit (loss) carried forward +€27,843
up €27,843 (+282%), from €9,856 to €37,700
- Current portion of long-term debt -€14,408
down €14,408 (-52.6%), from €27,368 to €12,959
- Debts after one year -€11,759
down €11,759 (-46.6%), from €25,259 to €13,500
- Gross operating margin +€133,668
up €133,668 (+90.1%), from €148,299 to €281,968
- Staff costs +€98,038
up €98,038 (+105%), from €93,589 to €191,627
- Taxes +€12,000
new in 2025: €12,000
- Depreciation +€10,503
up €10,503 (+48.1%), from €21,817 to €32,321
- Financial charges +€6,926
up €6,926 (+115%), from €6,026 to €12,952
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 | €193,785 | €190,229 | -€3,556 | -1.8% |
| Fixed assets | 21/28 | €127,947 | €115,114 | -€12,833 | -10.0% |
| Tangible fixed assets | 22/27 | €127,397 | €114,564 | -€12,833 | -10.1% |
| Plant, machinery and equipment | 23 | €127,397 | €112,565 | -€14,832 | -11.6% |
| Furniture and vehicles | 24 | - | €1,999 | +€1,999 | |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €65,839 | €75,115 | +€9,277 | +14.1% |
| Amounts receivable within one year | 40/41 | €25,312 | €3,150 | -€22,162 | -87.6% |
| Trade receivables | 40 | €240 | €240 | = | 0.0% |
| Other amounts receivable | 41 | €25,072 | €2,910 | -€22,162 | -88.4% |
| Cash at bank and in hand | 54/58 | €40,527 | €71,965 | +€31,439 | +77.6% |
| Total equity and liabilities | 10/49 | €193,785 | €190,229 | -€3,556 | -1.8% |
| Equity | 10/15 | €13,856 | €41,700 | +€27,843 | +201% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,856 | €37,700 | +€27,843 | +282% |
| Amounts payable | 17/49 | €179,929 | €148,529 | -€31,400 | -17.5% |
| Amounts payable after more than one year | 17 | €25,259 | €13,500 | -€11,759 | -46.6% |
| Financial debts | 170/4 | €25,259 | €13,500 | -€11,759 | -46.6% |
| Amounts payable within one year | 42/48 | €154,670 | €135,029 | -€19,640 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €27,368 | €12,959 | -€14,408 | -52.6% |
| Trade debts | 44 | €72,789 | €27,831 | -€44,958 | -61.8% |
| Suppliers | 440/4 | €72,789 | €27,831 | -€44,958 | -61.8% |
| Taxes, remuneration and social security | 45 | €30,618 | €62,142 | +€31,525 | +103% |
| Taxes | 450/3 | €12,489 | €12,494 | +€5 | 0.0% |
| Remuneration and social security | 454/9 | €18,129 | €49,648 | +€31,519 | +174% |
| Other amounts payable | 47/48 | €23,895 | €32,097 | +€8,201 | +34.3% |
| Remuneration, social security and pensions | 62 | €93,589 | €191,627 | +€98,038 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,817 | €32,321 | +€10,503 | +48.1% |
| Other operating charges | 640/8 | €1,960 | €5,412 | +€3,452 | +176% |
| Gross operating margin | 9900 | €148,299 | €281,968 | +€133,668 | +90.1% |
| Operating profit (loss) | 9901 | €30,933 | €52,607 | +€21,675 | +70.1% |
| Financial income | 75/76B | €53 | €188 | +€136 | +257% |
| Recurring financial income | 75 | €53 | €188 | +€136 | +257% |
| Financial charges | 65/66B | €6,026 | €12,952 | +€6,926 | +115% |
| Recurring financial charges | 65 | €6,026 | €12,952 | +€6,926 | +115% |
| Profit (loss) for the period before taxes | 9903 | €24,959 | €39,843 | +€14,884 | +59.6% |
| Income taxes | 67/77 | - | €12,000 | +€12,000 | |
| Profit (loss) for the period | 9904 | €24,959 | €27,843 | +€2,884 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,959 | €27,843 | +€2,884 | +11.6% |
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 1 November 2026 via checked.be.