MIND ELEC: 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 ELEC
Largest movements
- Cash -€35,066
down €35,066 (-71.8%), from €48,845 to €13,779
mainly Trade debts (-€37,811) and Stocks and contracts (-€17,844)
- Tangible fixed assets -€27,041
down €27,041 (-72.5%), from €37,305 to €10,264
of which Leasing and similar rights: -€26,168
- Stocks and contracts +€17,844
new in 2025: €17,844
- Receivables within one year -€13,119
down €13,119 (-15.7%), from €83,542 to €70,423
of which Other amounts receivable: -€10,339
- Trade debts -€37,811
down €37,811 (-81.3%), from €46,531 to €8,719
- Tax, wage and social debts -€15,862
down €15,862 (-53.2%), from €29,794 to €13,932
of which Taxes: -€11,595
- Accrued charges and deferred income -€7,347
no longer reported in 2025 (was €7,347)
- Profit (loss) carried forward +€5,241
up €5,241 (+20.3%), from €25,789 to €31,030
- Gross operating margin +€35,405
up €35,405 (+28.0%), from €126,241 to €161,646
- Staff costs +€8,998
up €8,998 (+8.2%), from €109,571 to €118,569
- Other operating charges +€2,127
up €2,127 (+97.3%), from €2,186 to €4,313
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 | €169,783 | €114,003 | -€55,780 | -32.9% |
| Fixed assets | 21/28 | €37,395 | €10,354 | -€27,041 | -72.3% |
| Tangible fixed assets | 22/27 | €37,305 | €10,264 | -€27,041 | -72.5% |
| Plant, machinery and equipment | 23 | €3,773 | €2,181 | -€1,592 | -42.2% |
| Furniture and vehicles | 24 | €7,364 | €8,084 | +€719 | +9.8% |
| Leasing and similar rights | 25 | €26,168 | - | -€26,168 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €132,387 | €103,648 | -€28,739 | -21.7% |
| Stocks and contracts in progress | 3 | - | €17,844 | +€17,844 | |
| Stocks | 30/36 | - | €17,844 | +€17,844 | |
| Amounts receivable within one year | 40/41 | €83,542 | €70,423 | -€13,119 | -15.7% |
| Trade receivables | 40 | €67,196 | €64,416 | -€2,780 | -4.1% |
| Other amounts receivable | 41 | €16,346 | €6,006 | -€10,339 | -63.3% |
| Cash at bank and in hand | 54/58 | €48,845 | €13,779 | -€35,066 | -71.8% |
| Deferred charges and accrued income | 490/1 | - | €1,604 | +€1,604 | |
| Total equity and liabilities | 10/49 | €169,783 | €114,003 | -€55,780 | -32.9% |
| Equity | 10/15 | €86,111 | €91,352 | +€5,241 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,122 | €54,122 | = | 0.0% |
| Distributable reserves | 133 | €54,122 | €54,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,789 | €31,030 | +€5,241 | +20.3% |
| Amounts payable | 17/49 | €83,671 | €22,651 | -€61,021 | -72.9% |
| Amounts payable within one year | 42/48 | €76,324 | €22,651 | -€53,673 | -70.3% |
| Trade debts | 44 | €46,531 | €8,719 | -€37,811 | -81.3% |
| Suppliers | 440/4 | €46,531 | €8,719 | -€37,811 | -81.3% |
| Taxes, remuneration and social security | 45 | €29,794 | €13,932 | -€15,862 | -53.2% |
| Taxes | 450/3 | €17,523 | €5,928 | -€11,595 | -66.2% |
| Remuneration and social security | 454/9 | €12,270 | €8,004 | -€4,267 | -34.8% |
| Accrued charges and deferred income | 492/3 | €7,347 | - | -€7,347 | |
| Remuneration, social security and pensions | 62 | €109,571 | €118,569 | +€8,998 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,633 | €4,427 | +€794 | +21.8% |
| Other operating charges | 640/8 | €2,186 | €4,313 | +€2,127 | +97.3% |
| Non-recurring operating charges | 66A | €2,676 | €26,168 | +€23,492 | +878% |
| Gross operating margin | 9900 | €126,241 | €161,646 | +€35,405 | +28.0% |
| Operating profit (loss) | 9901 | €8,175 | €8,169 | -€6 | -0.1% |
| Financial income | 75/76B | €3 | €41 | +€38 | +1,261% |
| Recurring financial income | 75 | €3 | €41 | +€38 | +1,261% |
| Financial charges | 65/66B | €912 | €185 | -€727 | -79.7% |
| Recurring financial charges | 65 | €912 | €185 | -€727 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €7,266 | €8,024 | +€759 | +10.4% |
| Income taxes | 67/77 | €3,144 | €2,784 | -€361 | -11.5% |
| Profit (loss) for the period | 9904 | €4,121 | €5,241 | +€1,119 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,121 | €5,241 | +€1,119 | +27.2% |
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 14 October 2026 via checked.be.