MIND OR MINDS: what changed
Two fiscal 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 OR MINDS
Largest movements
- Cash +€105,031
up €105,031 (+133.3%), from €78,810 to €183,841
mainly Other debts (+€104,539) and Net result for the year (+€42,626)
- Current investments -€40,337
down €40,337 (-10.9%), from €371,000 to €330,663
- Deferred charges and accrued income -€16,130
down €16,130 (-60.5%), from €26,640 to €10,510
- Other debts +€104,539
up €104,539 (+943.4%), from €11,081 to €115,620
- Reserves -€56,513
down €56,513 (-12.9%), from €438,391 to €381,878
of which Distributable reserves: -€56,513
- Gross operating margin -€23,921
down €23,921 (-30.7%), from €77,810 to €53,889
- Taxes -€5,479
down €5,479 (-25.7%), from €21,332 to €15,854
- Financial income +€4,418
up €4,418 (+303.8%), from €1,454 to €5,872
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.
Cash bridge derived
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 | €498,836 | €545,406 | +€46,570 | +9.3% |
| Fixed assets | 21/28 | €1,413 | €525 | -€889 | -62.9% |
| Tangible fixed assets | 22/27 | €1,321 | €525 | -€796 | -60.3% |
| Plant, machinery and equipment | 23 | €84 | - | -€84 | |
| Furniture and vehicles | 24 | €1,237 | €525 | -€712 | -57.6% |
| Financial fixed assets | 28 | €93 | - | -€93 | |
| Current assets | 29/58 | €497,423 | €544,881 | +€47,458 | +9.5% |
| Amounts receivable within one year | 40/41 | €20,974 | €19,868 | -€1,105 | -5.3% |
| Trade receivables | 40 | €16,940 | €19,524 | +€2,584 | +15.3% |
| Other amounts receivable | 41 | €4,034 | €344 | -€3,689 | -91.5% |
| Current investments | 50/53 | €371,000 | €330,663 | -€40,337 | -10.9% |
| Cash at bank and in hand | 54/58 | €78,810 | €183,841 | +€105,031 | +133.3% |
| Deferred charges and accrued income | 490/1 | €26,640 | €10,510 | -€16,130 | -60.5% |
| Total equity and liabilities | 10/49 | €498,836 | €545,406 | +€46,570 | +9.3% |
| Equity | 10/15 | €456,941 | €400,428 | -€56,513 | -12.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €438,391 | €381,878 | -€56,513 | -12.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €436,536 | €380,023 | -€56,513 | -12.9% |
| Amounts payable | 17/49 | €41,895 | €144,978 | +€103,083 | +246.0% |
| Amounts payable within one year | 42/48 | €36,285 | €142,875 | +€106,589 | +293.8% |
| Trade debts | 44 | €3,562 | €1,800 | -€1,763 | -49.5% |
| Suppliers | 440/4 | €3,562 | €1,800 | -€1,763 | -49.5% |
| Taxes, remuneration and social security | 45 | €21,642 | €25,455 | +€3,813 | +17.6% |
| Taxes | 450/3 | €16,685 | €3,833 | -€12,852 | -77.0% |
| Remuneration and social security | 454/9 | €4,957 | €21,622 | +€16,665 | +336.2% |
| Other amounts payable | 47/48 | €11,081 | €115,620 | +€104,539 | +943.4% |
| Accrued charges and deferred income | 492/3 | €5,610 | €2,104 | -€3,506 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €796 | -€147 | -15.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €77,810 | €53,889 | -€23,921 | -30.7% |
| Operating profit (loss) | 9901 | €76,480 | €52,693 | -€23,786 | -31.1% |
| Financial income | 75/76B | €1,454 | €5,872 | +€4,418 | +303.8% |
| Recurring financial income | 75 | €1,454 | €5,872 | +€4,418 | +303.8% |
| Financial charges | 65/66B | €88 | €85 | -€3 | -3.1% |
| Recurring financial charges | 65 | €88 | €85 | -€3 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €77,846 | €58,480 | -€19,366 | -24.9% |
| Income taxes | 67/77 | €21,332 | €15,854 | -€5,479 | -25.7% |
| Profit (loss) for the period | 9904 | €56,513 | €42,626 | -€13,887 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,513 | €42,626 | -€13,887 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.