MIND INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€170,985
up €170,985 (+234%), from €73,123 to €244,108
of which Assets under construction and advance payments: +€179,134
- Receivables within one year +€4,607
up €4,607 (+7.5%), from €61,133 to €65,740
of which Other amounts receivable: +€3,026
- Debts after one year +€142,592
up €142,592 (+283%), from €50,403 to €192,995
- Current portion of long-term debt +€10,777
new in 2025: €10,777
- Other debts +€7,500
up €7,500 (+5.1%), from €145,741 to €153,241
- Profit (loss) carried forward +€5,271
up €5,271 (+1,140%), from €462 to €5,733
- Gross operating margin +€15,008
up €15,008 (+41.1%), from €36,480 to €51,489
- Staff costs -€3,590
down €3,590 (-100%), from €3,590 to €0
- Financial charges +€3,260
up €3,260 (+33.0%), from €9,871 to €13,131
- Taxes +€2,588
up €2,588 (+25.1%), from €10,320 to €12,908
- Financial income -€676
down €676 (-40.6%), from €1,665 to €989
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 | €276,877 | €447,645 | +€170,768 | +61.7% |
| Fixed assets | 21/28 | €177,623 | €348,608 | +€170,985 | +96.3% |
| Tangible fixed assets | 22/27 | €73,123 | €244,108 | +€170,985 | +234% |
| Plant, machinery and equipment | 23 | €482 | €4 | -€478 | -99.2% |
| Furniture and vehicles | 24 | €12,770 | €5,099 | -€7,671 | -60.1% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €58,871 | €238,005 | +€179,134 | +304% |
| Financial fixed assets | 28 | €104,500 | €104,500 | = | 0.0% |
| Current assets | 29/58 | €99,255 | €99,037 | -€218 | -0.2% |
| Amounts receivable after more than one year | 29 | €26,290 | €22,790 | -€3,500 | -13.3% |
| Other amounts receivable | 291 | €26,290 | €22,790 | -€3,500 | -13.3% |
| Amounts receivable within one year | 40/41 | €61,133 | €65,740 | +€4,607 | +7.5% |
| Trade receivables | 40 | €52,613 | €54,195 | +€1,582 | +3.0% |
| Other amounts receivable | 41 | €8,520 | €11,546 | +€3,026 | +35.5% |
| Cash at bank and in hand | 54/58 | €9,005 | €7,059 | -€1,945 | -21.6% |
| Deferred charges and accrued income | 490/1 | €2,827 | €3,447 | +€620 | +21.9% |
| Total equity and liabilities | 10/49 | €276,877 | €447,645 | +€170,768 | +61.7% |
| Equity | 10/15 | €8,522 | €13,793 | +€5,271 | +61.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462 | €5,733 | +€5,271 | +1,140% |
| Amounts payable | 17/49 | €268,355 | €433,852 | +€165,497 | +61.7% |
| Amounts payable after more than one year | 17 | €50,403 | €192,995 | +€142,592 | +283% |
| Financial debts | 170/4 | €50,403 | €192,995 | +€142,592 | +283% |
| Amounts payable within one year | 42/48 | €217,952 | €240,857 | +€22,905 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,777 | +€10,777 | |
| Financial debts | 43 | €2,554 | €2,546 | -€8 | -0.3% |
| Credit institutions | 430/8 | €2,554 | €2,546 | -€8 | -0.3% |
| Trade debts | 44 | €47,367 | €51,301 | +€3,934 | +8.3% |
| Suppliers | 440/4 | €47,367 | €51,301 | +€3,934 | +8.3% |
| Advances received on contracts in progress | 46 | €9,075 | €9,075 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,214 | €13,917 | +€703 | +5.3% |
| Taxes | 450/3 | €10,414 | €12,517 | +€2,103 | +20.2% |
| Remuneration and social security | 454/9 | €2,800 | €1,400 | -€1,400 | -50.0% |
| Other amounts payable | 47/48 | €145,741 | €153,241 | +€7,500 | +5.1% |
| Remuneration, social security and pensions | 62 | €3,590 | €0 | -€3,590 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,526 | €8,149 | -€377 | -4.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,480 | €51,489 | +€15,008 | +41.1% |
| Operating profit (loss) | 9901 | €23,860 | €42,820 | +€18,960 | +79.5% |
| Financial income | 75/76B | €1,665 | €989 | -€676 | -40.6% |
| Recurring financial income | 75 | €1,665 | €989 | -€676 | -40.6% |
| Financial charges | 65/66B | €9,871 | €13,131 | +€3,260 | +33.0% |
| Recurring financial charges | 65 | €9,871 | €13,131 | +€3,260 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €15,654 | €30,678 | +€15,025 | +96.0% |
| Income taxes | 67/77 | €10,320 | €12,908 | +€2,588 | +25.1% |
| Profit (loss) for the period | 9904 | €5,334 | €17,771 | +€12,437 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €5,334 | €17,771 | +€12,437 | +233% |
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 1 November 2026 via checked.be.