Mind Matter: 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 Matter
Largest movements
- Receivables within one year -€21,866
down €21,866 (-19.0%), from €114,983 to €93,117
of which Other amounts receivable: -€14,440
- Cash +€11,476
up €11,476 (+977%), from €1,175 to €12,651
mainly Receivables within one year (+€21,866) and Net result for the year (+€17,763)
- Tangible fixed assets -€6,501
down €6,501 (-16.6%), from €39,237 to €32,736
of which Furniture and vehicles: -€13,269
- Reserves +€17,763
up €17,763 (+20.3%), from €87,705 to €105,468
- Debts after one year -€12,418
down €12,418 (-70.0%), from €17,730 to €5,311
- Current portion of long-term debt -€10,825
down €10,825 (-45.5%), from €23,768 to €12,944
- Tax, wage and social debts -€8,055
down €8,055 (-58.2%), from €13,845 to €5,791
of which Taxes: -€6,986
- Trade debts -€2,613
down €2,613 (-12.0%), from €21,810 to €19,198
- Gross operating margin +€42,257
up €42,257, from -€13,394 to €28,864
- Depreciation -€18,476
down €18,476 (-62.1%), from €29,736 to €11,261
- Other operating charges -€311
down €311 (-46.1%), from €674 to €364
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 | €168,445 | €151,712 | -€16,733 | -9.9% |
| Fixed assets | 21/28 | €39,237 | €32,736 | -€6,501 | -16.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €39,237 | €32,736 | -€6,501 | -16.6% |
| Land and buildings | 22 | - | €6,768 | +€6,768 | |
| Furniture and vehicles | 24 | €39,237 | €25,967 | -€13,269 | -33.8% |
| Current assets | 29/58 | €129,208 | €118,976 | -€10,232 | -7.9% |
| Amounts receivable within one year | 40/41 | €114,983 | €93,117 | -€21,866 | -19.0% |
| Trade receivables | 40 | €59,427 | €52,001 | -€7,425 | -12.5% |
| Other amounts receivable | 41 | €55,556 | €41,116 | -€14,440 | -26.0% |
| Current investments | 50/53 | €13,050 | €13,208 | +€158 | +1.2% |
| Cash at bank and in hand | 54/58 | €1,175 | €12,651 | +€11,476 | +977% |
| Total equity and liabilities | 10/49 | €168,445 | €151,712 | -€16,733 | -9.9% |
| Equity | 10/15 | €90,705 | €108,468 | +€17,763 | +19.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,705 | €105,468 | +€17,763 | +20.3% |
| Distributable reserves | 133 | €87,705 | €105,468 | +€17,763 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €77,739 | €43,243 | -€34,496 | -44.4% |
| Amounts payable after more than one year | 17 | €17,730 | €5,311 | -€12,418 | -70.0% |
| Financial debts | 170/4 | €17,730 | €5,311 | -€12,418 | -70.0% |
| Amounts payable within one year | 42/48 | €60,010 | €37,932 | -€22,077 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €23,768 | €12,944 | -€10,825 | -45.5% |
| Trade debts | 44 | €21,810 | €19,198 | -€2,613 | -12.0% |
| Suppliers | 440/4 | €21,810 | €19,198 | -€2,613 | -12.0% |
| Taxes, remuneration and social security | 45 | €13,845 | €5,791 | -€8,055 | -58.2% |
| Taxes | 450/3 | €12,776 | €5,791 | -€6,986 | -54.7% |
| Remuneration and social security | 454/9 | €1,069 | €0 | -€1,069 | -100% |
| Other amounts payable | 47/48 | €586 | €0 | -€586 | -100% |
| Remuneration, social security and pensions | 62 | €220 | €0 | -€220 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,736 | €11,261 | -€18,476 | -62.1% |
| Other operating charges | 640/8 | €674 | €364 | -€311 | -46.1% |
| Gross operating margin | 9900 | -€13,394 | €28,864 | +€42,257 | |
| Operating profit (loss) | 9901 | -€44,024 | €17,239 | +€61,264 | |
| Financial income | 75/76B | €2,235 | €2,255 | +€20 | +0.9% |
| Recurring financial income | 75 | €2,235 | €2,255 | +€20 | +0.9% |
| Financial charges | 65/66B | €1,237 | €1,375 | +€138 | +11.1% |
| Recurring financial charges | 65 | €1,237 | €1,375 | +€138 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,027 | €18,120 | +€61,146 | |
| Income taxes | 67/77 | €343 | €357 | +€14 | +4.1% |
| Profit (loss) for the period | 9904 | -€43,369 | €17,763 | +€61,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,369 | €17,763 | +€61,133 |
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 21 October 2026 via checked.be.