MIND INSIGHTS: 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 INSIGHTS
Largest movements
- Current investments +€65,062
up €65,062 (+135%), from €48,301 to €113,363
- Tangible fixed assets -€62,690
down €62,690 (-19.1%), from €328,944 to €266,254
of which Land and buildings: -€51,374
- Cash +€11,404
up €11,404 (+148%), from €7,728 to €19,132
mainly Investment in fixed assets (net) (+€35,327) and Depreciation (+€27,363)
- Trade debts +€17,479
up €17,479 (+111%), from €15,712 to €33,191
- Reserves +€16,000
up €16,000 (+4.7%), from €337,282 to €353,282
of which Distributable reserves: +€16,000
- Debts after one year -€10,694
no longer reported in 2025 (was €10,694)
- Current portion of long-term debt -€7,639
down €7,639 (-41.7%), from €18,333 to €10,694
- Gross operating margin +€31,268
up €31,268 (+88.0%), from €35,543 to €66,811
- Taxes +€10,072
up €10,072 (+629%), from €1,602 to €11,674
- Other operating charges +€9,598
up €9,598 (+466%), from €2,060 to €11,658
- Depreciation -€2,508
down €2,508 (-8.4%), from €29,871 to €27,363
- Financial charges -€1,950
down €1,950 (-61.2%), from €3,188 to €1,238
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 | €414,746 | €429,320 | +€14,574 | +3.5% |
| Fixed assets | 21/28 | €328,944 | €266,254 | -€62,690 | -19.1% |
| Tangible fixed assets | 22/27 | €328,944 | €266,254 | -€62,690 | -19.1% |
| Land and buildings | 22 | €311,083 | €259,709 | -€51,374 | -16.5% |
| Furniture and vehicles | 24 | €17,861 | €6,545 | -€11,316 | -63.4% |
| Current assets | 29/58 | €85,802 | €163,066 | +€77,264 | +90.0% |
| Amounts receivable within one year | 40/41 | €29,274 | €28,946 | -€328 | -1.1% |
| Other amounts receivable | 41 | €29,274 | €28,946 | -€328 | -1.1% |
| Current investments | 50/53 | €48,301 | €113,363 | +€65,062 | +135% |
| Cash at bank and in hand | 54/58 | €7,728 | €19,132 | +€11,404 | +148% |
| Deferred charges and accrued income | 490/1 | €499 | €1,625 | +€1,126 | +226% |
| Total equity and liabilities | 10/49 | €414,746 | €429,320 | +€14,574 | +3.5% |
| Equity | 10/15 | €366,289 | €381,167 | +€14,878 | +4.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €337,282 | €353,282 | +€16,000 | +4.7% |
| Tax-exempt reserves | 132 | €38,750 | €38,750 | = | 0.0% |
| Distributable reserves | 133 | €298,532 | €314,532 | +€16,000 | +5.4% |
| Profit (loss) carried forward | 14 | €2,568 | €3,046 | +€479 | +18.7% |
| Investment grants | 15 | €16,439 | €14,838 | -€1,601 | -9.7% |
| Amounts payable | 17/49 | €48,456 | €48,153 | -€304 | -0.6% |
| Amounts payable after more than one year | 17 | €10,694 | - | -€10,694 | |
| Financial debts | 170/4 | €10,694 | - | -€10,694 | |
| Amounts payable within one year | 42/48 | €37,762 | €47,993 | +€10,231 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €18,333 | €10,694 | -€7,639 | -41.7% |
| Trade debts | 44 | €15,712 | €33,191 | +€17,479 | +111% |
| Suppliers | 440/4 | €15,712 | €33,191 | +€17,479 | +111% |
| Taxes, remuneration and social security | 45 | €2,917 | €3,708 | +€791 | +27.1% |
| Taxes | 450/3 | €2,917 | €3,708 | +€791 | +27.1% |
| Other amounts payable | 47/48 | €800 | €400 | -€400 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Non-recurring operating income | 76A | €8,505 | €108,664 | +€100,159 | +1,178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,871 | €27,363 | -€2,508 | -8.4% |
| Other operating charges | 640/8 | €2,060 | €11,658 | +€9,598 | +466% |
| Gross operating margin | 9900 | €35,543 | €66,811 | +€31,268 | +88.0% |
| Operating profit (loss) | 9901 | €3,612 | €27,790 | +€24,177 | +669% |
| Financial income | 75/76B | €1,808 | €1,601 | -€207 | -11.5% |
| Recurring financial income | 75 | €1,808 | €1,601 | -€207 | -11.5% |
| Financial charges | 65/66B | €3,188 | €1,238 | -€1,950 | -61.2% |
| Recurring financial charges | 65 | €3,188 | €1,238 | -€1,950 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €2,233 | €28,153 | +€25,920 | +1,161% |
| Income taxes | 67/77 | €1,602 | €11,674 | +€10,072 | +629% |
| Profit (loss) for the period | 9904 | €631 | €16,479 | +€15,848 | +2,513% |
| Profit (loss) for the period to be appropriated | 9905 | €631 | €16,479 | +€15,848 | +2,513% |
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 27 October 2026 via checked.be.