MIND: 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.
MIND
Largest movements
- Tangible fixed assets -€3,926
down €3,926 (-12.5%), from €31,523 to €27,596
of which Land and buildings: -€3,109
- Receivables within one year -€3,047
down €3,047 (-19.1%), from €15,929 to €12,882
of which Trade receivables: -€4,053
- Current investments -€2,000
down €2,000 (-100.0%), from €2,000 to €0
- Deferred charges and accrued income -€992
down €992 (-52.2%), from €1,900 to €909
- Cash -€659
down €659 (-6.1%), from €10,825 to €10,166
mainly Trade debts (-€3,341) and Net result for the year (-€3,046)
- Trade debts -€3,341
down €3,341 (-38.0%), from €8,797 to €5,456
- Profit (loss) carried forward -€3,046
down €3,046, from €0 to -€3,046
- Tax, wage and social debts -€1,937
down €1,937 (-100.0%), from €1,937 to €0
- Short-term financial debts -€1,543
down €1,543 (-96.3%), from €1,602 to €60
- Other debts -€758
down €758 (-100.0%), from €758 to €0
- Gross operating margin -€22,245
down €22,245 (-79.9%), from €27,856 to €5,611
- Taxes -€4,322
down €4,322 (-100.0%), from €4,322 to €0
- Depreciation +€839
up €839 (+15.2%), from €5,529 to €6,368
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 | €62,177 | €51,553 | -€10,625 | -17.1% |
| Fixed assets | 21/28 | €31,523 | €27,596 | -€3,926 | -12.5% |
| Tangible fixed assets | 22/27 | €31,523 | €27,596 | -€3,926 | -12.5% |
| Land and buildings | 22 | €27,127 | €24,018 | -€3,109 | -11.5% |
| Plant, machinery and equipment | 23 | €0 | €2,049 | +€2,049 | |
| Furniture and vehicles | 24 | €4,396 | €1,529 | -€2,867 | -65.2% |
| Current assets | 29/58 | €30,655 | €23,956 | -€6,698 | -21.9% |
| Amounts receivable within one year | 40/41 | €15,929 | €12,882 | -€3,047 | -19.1% |
| Trade receivables | 40 | €9,533 | €5,481 | -€4,053 | -42.5% |
| Other amounts receivable | 41 | €6,396 | €7,401 | +€1,005 | +15.7% |
| Current investments | 50/53 | €2,000 | €0 | -€2,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,825 | €10,166 | -€659 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,900 | €909 | -€992 | -52.2% |
| Total equity and liabilities | 10/49 | €62,177 | €51,553 | -€10,625 | -17.1% |
| Equity | 10/15 | €49,083 | €46,037 | -€3,046 | -6.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,583 | €46,583 | = | 0.0% |
| Distributable reserves | 133 | €46,583 | €46,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,046 | -€3,046 | |
| Amounts payable | 17/49 | €13,095 | €5,516 | -€7,579 | -57.9% |
| Amounts payable within one year | 42/48 | €13,095 | €5,516 | -€7,579 | -57.9% |
| Financial debts | 43 | €1,602 | €60 | -€1,543 | -96.3% |
| Credit institutions | 430/8 | €1,602 | €60 | -€1,543 | -96.3% |
| Trade debts | 44 | €8,797 | €5,456 | -€3,341 | -38.0% |
| Suppliers | 440/4 | €8,797 | €5,456 | -€3,341 | -38.0% |
| Taxes, remuneration and social security | 45 | €1,937 | €0 | -€1,937 | -100.0% |
| Taxes | 450/3 | €1,937 | €0 | -€1,937 | -100.0% |
| Other amounts payable | 47/48 | €758 | €0 | -€758 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,033 | €1,033 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,529 | €6,368 | +€839 | +15.2% |
| Other operating charges | 640/8 | €868 | €1,098 | +€230 | +26.5% |
| Gross operating margin | 9900 | €27,856 | €5,611 | -€22,245 | -79.9% |
| Operating profit (loss) | 9901 | €20,425 | -€2,889 | -€23,314 | |
| Financial income | 75/76B | €166 | €93 | -€73 | -44.0% |
| Recurring financial income | 75 | €166 | €93 | -€73 | -44.0% |
| Financial charges | 65/66B | €483 | €250 | -€233 | -48.3% |
| Recurring financial charges | 65 | €483 | €250 | -€233 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €20,108 | -€3,046 | -€23,153 | |
| Income taxes | 67/77 | €4,322 | €0 | -€4,322 | -100.0% |
| Profit (loss) for the period | 9904 | €15,786 | -€3,046 | -€18,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,786 | -€3,046 | -€18,832 |
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 10 October 2026 via checked.be.