Mind.Shift: 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.Shift
Largest movements
- Cash -€70,694
down €70,694 (-96.2%), from €73,523 to €2,829
mainly Other debts (-€120,230) and Investment in fixed assets (net) (-€6,500)
- Tangible fixed assets -€8,637
down €8,637 (-23.6%), from €36,665 to €28,028
of which Furniture and vehicles: -€12,125
- Receivables within one year -€1,656
down €1,656 (-8.2%), from €20,296 to €18,641
of which Other amounts receivable: -€8,335
- Other debts -€120,230
down €120,230 (-100.0%), from €120,230 to €0
- Reserves +€37,767
up €37,767, from €0 to €37,767
- Tax, wage and social debts +€2,061
up €2,061 (+35.4%), from €5,820 to €7,882
of which Taxes: +€2,061
- Gross operating margin -€88,388
down €88,388 (-57.9%), from €152,770 to €64,382
- Staff costs -€71,572
down €71,572 (-100.0%), from €71,572 to €0
- Financial income -€9,720
down €9,720 (-99.1%), from €9,805 to €85
- Taxes -€5,891
down €5,891 (-35.1%), from €16,796 to €10,905
- Financial charges -€4,549
down €4,549 (-95.9%), from €4,741 to €192
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 | €131,896 | €51,831 | -€80,065 | -60.7% |
| Fixed assets | 21/28 | €36,665 | €28,028 | -€8,637 | -23.6% |
| Tangible fixed assets | 22/27 | €36,665 | €28,028 | -€8,637 | -23.6% |
| Land and buildings | 22 | €5,675 | €11,322 | +€5,648 | +99.5% |
| Plant, machinery and equipment | 23 | €4,418 | €2,259 | -€2,159 | -48.9% |
| Furniture and vehicles | 24 | €26,572 | €14,447 | -€12,125 | -45.6% |
| Current assets | 29/58 | €95,231 | €23,803 | -€71,428 | -75.0% |
| Amounts receivable within one year | 40/41 | €20,296 | €18,641 | -€1,656 | -8.2% |
| Trade receivables | 40 | €10,402 | €17,082 | +€6,680 | +64.2% |
| Other amounts receivable | 41 | €9,894 | €1,559 | -€8,335 | -84.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €73,523 | €2,829 | -€70,694 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,412 | €2,333 | +€921 | +65.3% |
| Total equity and liabilities | 10/49 | €131,896 | €51,831 | -€80,065 | -60.7% |
| Equity | 10/15 | €5,000 | €42,767 | +€37,767 | +755.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €37,767 | +€37,767 | |
| Distributable reserves | 133 | €0 | €37,767 | +€37,767 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,896 | €9,064 | -€117,832 | -92.9% |
| Amounts payable within one year | 42/48 | €126,680 | €8,995 | -€117,685 | -92.9% |
| Financial debts | 43 | €164 | €278 | +€114 | +69.2% |
| Other loans | 439 | €164 | €278 | +€114 | +69.2% |
| Trade debts | 44 | €465 | €836 | +€371 | +79.8% |
| Suppliers | 440/4 | €465 | €836 | +€371 | +79.8% |
| Taxes, remuneration and social security | 45 | €5,820 | €7,882 | +€2,061 | +35.4% |
| Taxes | 450/3 | €5,820 | €7,882 | +€2,061 | +35.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €120,230 | €0 | -€120,230 | -100.0% |
| Accrued charges and deferred income | 492/3 | €216 | €69 | -€147 | -68.2% |
| Remuneration, social security and pensions | 62 | €71,572 | €0 | -€71,572 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,249 | €15,137 | +€2,888 | +23.6% |
| Other operating charges | 640/8 | €635 | €465 | -€170 | -26.7% |
| Gross operating margin | 9900 | €152,770 | €64,382 | -€88,388 | -57.9% |
| Operating profit (loss) | 9901 | €68,314 | €48,779 | -€19,534 | -28.6% |
| Financial income | 75/76B | €9,805 | €85 | -€9,720 | -99.1% |
| Recurring financial income | 75 | €9,805 | €85 | -€9,720 | -99.1% |
| Financial charges | 65/66B | €4,741 | €192 | -€4,549 | -95.9% |
| Recurring financial charges | 65 | €4,741 | €192 | -€4,549 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €73,377 | €48,672 | -€24,705 | -33.7% |
| Income taxes | 67/77 | €16,796 | €10,905 | -€5,891 | -35.1% |
| Profit (loss) for the period | 9904 | €56,581 | €37,767 | -€18,814 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,581 | €37,767 | -€18,814 | -33.3% |
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 3 October 2026 via checked.be.