MIND ENERGY: 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 ENERGY
Largest movements
- Receivables within one year +€13,430
up €13,430 (+3,175%), from €423 to €13,853
- Tangible fixed assets -€7,599
down €7,599 (-21.3%), from €35,686 to €28,087
- Cash +€3,520
up €3,520 (+18.1%), from €19,443 to €22,963
mainly Net result for the year (+€15,412) and Depreciation (+€9,277)
- Profit (loss) carried forward +€15,412
up €15,412 (+132%), from €11,650 to €27,063
- Trade debts -€12,443
down €12,443 (-41.7%), from €29,861 to €17,418
- Tax, wage and social debts +€6,134
up €6,134 (+51.6%), from €11,881 to €18,015
- Gross operating margin +€6,652
up €6,652 (+29.8%), from €22,325 to €28,977
- Depreciation +€1,987
up €1,987 (+27.3%), from €7,290 to €9,277
- Taxes +€908
up €908 (+29.5%), from €3,083 to €3,991
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 | €56,393 | €65,544 | +€9,151 | +16.2% |
| Fixed assets | 21/28 | €36,527 | €28,728 | -€7,799 | -21.4% |
| Intangible fixed assets | 21 | €841 | €641 | -€200 | -23.8% |
| Tangible fixed assets | 22/27 | €35,686 | €28,087 | -€7,599 | -21.3% |
| Furniture and vehicles | 24 | €35,686 | €28,087 | -€7,599 | -21.3% |
| Current assets | 29/58 | €19,866 | €36,816 | +€16,950 | +85.3% |
| Amounts receivable within one year | 40/41 | €423 | €13,853 | +€13,430 | +3,175% |
| Trade receivables | 40 | €423 | €13,853 | +€13,430 | +3,175% |
| Cash at bank and in hand | 54/58 | €19,443 | €22,963 | +€3,520 | +18.1% |
| Total equity and liabilities | 10/49 | €56,393 | €65,544 | +€9,151 | +16.2% |
| Equity | 10/15 | €14,650 | €30,063 | +€15,412 | +105% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,650 | €27,063 | +€15,412 | +132% |
| Amounts payable | 17/49 | €41,742 | €35,481 | -€6,261 | -15.0% |
| Amounts payable within one year | 42/48 | €41,742 | €35,481 | -€6,261 | -15.0% |
| Trade debts | 44 | €29,861 | €17,418 | -€12,443 | -41.7% |
| Suppliers | 440/4 | €29,861 | €17,418 | -€12,443 | -41.7% |
| Taxes, remuneration and social security | 45 | €11,881 | €18,015 | +€6,134 | +51.6% |
| Taxes | 450/3 | €11,881 | €18,015 | +€6,134 | +51.6% |
| Other amounts payable | 47/48 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,290 | €9,277 | +€1,987 | +27.3% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €22,325 | €28,977 | +€6,652 | +29.8% |
| Operating profit (loss) | 9901 | €14,885 | €19,550 | +€4,665 | +31.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €153 | €147 | -€5 | -3.6% |
| Recurring financial charges | 65 | €153 | €147 | -€5 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €14,733 | €19,403 | +€4,670 | +31.7% |
| Income taxes | 67/77 | €3,083 | €3,991 | +€908 | +29.5% |
| Profit (loss) for the period | 9904 | €11,650 | €15,412 | +€3,762 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,650 | €15,412 | +€3,762 | +32.3% |
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 15 October 2026 via checked.be.