Mind Matters: 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 Matters
Largest movements
- Cash +€13,343
up €13,343 (+76.0%), from €17,551 to €30,894
mainly Net result for the year (+€15,219) and Depreciation (+€2,065)
- Deferred charges and accrued income +€3,958
up €3,958 (+384%), from €1,032 to €4,991
- Tangible fixed assets -€2,065
down €2,065 (-30.7%), from €6,716 to €4,651
of which Furniture and vehicles: -€1,893
- Receivables within one year +€850
up €850 (+7.2%), from €11,794 to €12,644
of which Trade receivables: +€963
- Reserves +€15,219
up €15,219 (+73.1%), from €20,826 to €36,046
- Tax, wage and social debts +€1,159
up €1,159 (+14.3%), from €8,123 to €9,282
of which Remuneration and social security: +€780
- Gross operating margin -€6,927
down €6,927 (-23.3%), from €29,722 to €22,795
- Taxes -€1,487
down €1,487 (-24.7%), from €6,011 to €4,525
- Depreciation +€1,385
up €1,385 (+204%), from €679 to €2,065
- Other operating charges -€1,168
down €1,168 (-56.4%), from €2,073 to €905
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 | €37,093 | €53,180 | +€16,086 | +43.4% |
| Fixed assets | 21/28 | €6,716 | €4,651 | -€2,065 | -30.7% |
| Tangible fixed assets | 22/27 | €6,716 | €4,651 | -€2,065 | -30.7% |
| Plant, machinery and equipment | 23 | €1,549 | €1,378 | -€172 | -11.1% |
| Furniture and vehicles | 24 | €5,167 | €3,274 | -€1,893 | -36.6% |
| Current assets | 29/58 | €30,377 | €48,528 | +€18,151 | +59.8% |
| Amounts receivable within one year | 40/41 | €11,794 | €12,644 | +€850 | +7.2% |
| Trade receivables | 40 | €11,206 | €12,169 | +€963 | +8.6% |
| Other amounts receivable | 41 | €589 | €475 | -€113 | -19.2% |
| Cash at bank and in hand | 54/58 | €17,551 | €30,894 | +€13,343 | +76.0% |
| Deferred charges and accrued income | 490/1 | €1,032 | €4,991 | +€3,958 | +384% |
| Total equity and liabilities | 10/49 | €37,093 | €53,180 | +€16,086 | +43.4% |
| Equity | 10/15 | €25,826 | €41,046 | +€15,219 | +58.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,826 | €36,046 | +€15,219 | +73.1% |
| Distributable reserves | 133 | €20,826 | €36,046 | +€15,219 | +73.1% |
| Amounts payable | 17/49 | €11,267 | €12,134 | +€867 | +7.7% |
| Amounts payable within one year | 42/48 | €10,677 | €11,544 | +€867 | +8.1% |
| Trade debts | 44 | €1,295 | €1,087 | -€207 | -16.0% |
| Suppliers | 440/4 | €1,295 | €1,087 | -€207 | -16.0% |
| Taxes, remuneration and social security | 45 | €8,123 | €9,282 | +€1,159 | +14.3% |
| Taxes | 450/3 | €5,264 | €5,643 | +€379 | +7.2% |
| Remuneration and social security | 454/9 | €2,859 | €3,639 | +€780 | +27.3% |
| Other amounts payable | 47/48 | €1,259 | €1,174 | -€85 | -6.7% |
| Accrued charges and deferred income | 492/3 | €590 | €590 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €2,065 | +€1,385 | +204% |
| Other operating charges | 640/8 | €2,073 | €905 | -€1,168 | -56.4% |
| Gross operating margin | 9900 | €29,722 | €22,795 | -€6,927 | -23.3% |
| Operating profit (loss) | 9901 | €26,969 | €19,825 | -€7,144 | -26.5% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €131 | €92 | -€39 | -29.7% |
| Recurring financial charges | 65 | €131 | €92 | -€39 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €26,838 | €19,744 | -€7,094 | -26.4% |
| Income taxes | 67/77 | €6,011 | €4,525 | -€1,487 | -24.7% |
| Profit (loss) for the period | 9904 | €20,826 | €15,219 | -€5,607 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,826 | €15,219 | -€5,607 | -26.9% |
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 17 October 2026 via checked.be.