MIND TECHNOLOGY: 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 TECHNOLOGY
Largest movements
- Cash -€76,492
down €76,492 (-27.2%), from €280,895 to €204,403
mainly Contributions, distributions and other (-€111,028) and Tax, wage and social debts (-€33,950)
- Receivables within one year -€23,788
down €23,788 (-29.1%), from €81,657 to €57,868
of which Trade receivables: -€28,790
- Tangible fixed assets +€12,918
up €12,918 (+76.4%), from €16,913 to €29,831
of which Furniture and vehicles: +€13,276
- Deferred charges and accrued income +€10,818
up €10,818 (+52.0%), from €20,805 to €31,622
- Reserves -€111,028
down €111,028 (-42.6%), from €260,371 to €149,343
of which Distributable reserves: -€111,028
- Tax, wage and social debts -€33,950
down €33,950 (-65.2%), from €52,048 to €18,098
of which Remuneration and social security: -€17,531
- Other debts +€28,140
up €28,140 (+38.0%), from €74,054 to €102,193
- Trade debts +€20,555
up €20,555 (+186.9%), from €10,996 to €31,551
- Debts after one year +€16,708
new in 2025: €16,708
- Gross operating margin -€231,898
down €231,898 (-61.3%), from €378,509 to €146,611
- Staff costs -€50,323
down €50,323 (-26.3%), from €191,564 to €141,240
- Write-downs -€32,022
down €32,022, from €8,925 to -€23,098
- Taxes -€24,278
down €24,278 (-64.3%), from €37,752 to €13,474
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 | €403,219 | €326,674 | -€76,545 | -19.0% |
| Fixed assets | 21/28 | €19,862 | €32,780 | +€12,918 | +65.0% |
| Tangible fixed assets | 22/27 | €16,913 | €29,831 | +€12,918 | +76.4% |
| Furniture and vehicles | 24 | €15,369 | €28,645 | +€13,276 | +86.4% |
| Other tangible fixed assets | 26 | €1,544 | €1,186 | -€358 | -23.2% |
| Financial fixed assets | 28 | €2,949 | €2,949 | = | 0.0% |
| Current assets | 29/58 | €383,357 | €293,894 | -€89,463 | -23.3% |
| Amounts receivable within one year | 40/41 | €81,657 | €57,868 | -€23,788 | -29.1% |
| Trade receivables | 40 | €80,133 | €51,343 | -€28,790 | -35.9% |
| Other amounts receivable | 41 | €1,524 | €6,526 | +€5,002 | +328.2% |
| Cash at bank and in hand | 54/58 | €280,895 | €204,403 | -€76,492 | -27.2% |
| Deferred charges and accrued income | 490/1 | €20,805 | €31,622 | +€10,818 | +52.0% |
| Total equity and liabilities | 10/49 | €403,219 | €326,674 | -€76,545 | -19.0% |
| Equity | 10/15 | €265,371 | €153,685 | -€111,686 | -42.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €260,371 | €149,343 | -€111,028 | -42.6% |
| Tax-exempt reserves | 132 | €51,184 | €51,184 | = | 0.0% |
| Distributable reserves | 133 | €209,187 | €98,159 | -€111,028 | -53.1% |
| Profit (loss) carried forward | 14 | - | -€658 | -€658 | |
| Amounts payable | 17/49 | €137,848 | €172,989 | +€35,141 | +25.5% |
| Amounts payable after more than one year | 17 | - | €16,708 | +€16,708 | |
| Financial debts | 170/4 | - | €16,708 | +€16,708 | |
| Amounts payable within one year | 42/48 | €137,848 | €156,280 | +€18,433 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,438 | +€4,438 | |
| Trade debts | 44 | €10,996 | €31,551 | +€20,555 | +186.9% |
| Suppliers | 440/4 | €10,996 | €31,551 | +€20,555 | +186.9% |
| Advances received on contracts in progress | 46 | €750 | - | -€750 | |
| Taxes, remuneration and social security | 45 | €52,048 | €18,098 | -€33,950 | -65.2% |
| Taxes | 450/3 | €20,979 | €4,560 | -€16,419 | -78.3% |
| Remuneration and social security | 454/9 | €31,069 | €13,538 | -€17,531 | -56.4% |
| Other amounts payable | 47/48 | €74,054 | €102,193 | +€28,140 | +38.0% |
| Remuneration, social security and pensions | 62 | €191,564 | €141,240 | -€50,323 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,411 | €13,568 | +€157 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,925 | -€23,098 | -€32,022 | |
| Other operating charges | 640/8 | €386 | €789 | +€403 | +104.3% |
| Gross operating margin | 9900 | €378,509 | €146,611 | -€231,898 | -61.3% |
| Operating profit (loss) | 9901 | €164,224 | €14,111 | -€150,112 | -91.4% |
| Financial income | 75/76B | €0 | €22 | +€22 | +108500.0% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +108500.0% |
| Financial charges | 65/66B | €81 | €1,316 | +€1,236 | +1532.9% |
| Recurring financial charges | 65 | €81 | €1,316 | +€1,236 | +1532.9% |
| Profit (loss) for the period before taxes | 9903 | €164,143 | €12,817 | -€151,326 | -92.2% |
| Income taxes | 67/77 | €37,752 | €13,474 | -€24,278 | -64.3% |
| Profit (loss) for the period | 9904 | €126,391 | -€658 | -€127,048 | |
| Transfer to tax-exempt reserves | 689 | €46,310 | - | -€46,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,081 | -€658 | -€80,738 |
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 10 October 2026 via checked.be.