Mind@work: 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@work
Largest movements
- Stocks and contracts -€8,681
down €8,681 (-5.5%), from €157,299 to €148,618
- Tangible fixed assets -€3,996
down €3,996 (-40.8%), from €9,800 to €5,804
- Receivables within one year -€3,813
down €3,813 (-86.2%), from €4,424 to €611
of which Trade receivables: -€2,850
- Cash +€2,674
up €2,674 (+80.6%), from €3,317 to €5,992
mainly Other debts (+€42,433) and Stocks and contracts (+€8,681)
- Profit (loss) carried forward -€55,410
down €55,410 (-363%), from -€15,244 to -€70,654
- Other debts +€42,433
up €42,433 (+63.3%), from €66,997 to €109,430
- Trade debts -€2,049
down €2,049 (-79.2%), from €2,588 to €539
- Gross operating margin -€24,344
down €24,344 (-111%), from -€21,914 to -€46,258
- Depreciation +€500
up €500 (+7.5%), from €6,652 to €7,152
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 | €174,840 | €161,315 | -€13,526 | -7.7% |
| Fixed assets | 21/28 | €9,800 | €5,804 | -€3,996 | -40.8% |
| Tangible fixed assets | 22/27 | €9,800 | €5,804 | -€3,996 | -40.8% |
| Furniture and vehicles | 24 | €9,800 | €5,804 | -€3,996 | -40.8% |
| Current assets | 29/58 | €165,040 | €155,510 | -€9,530 | -5.8% |
| Stocks and contracts in progress | 3 | €157,299 | €148,618 | -€8,681 | -5.5% |
| Stocks | 30/36 | €157,299 | €148,618 | -€8,681 | -5.5% |
| Amounts receivable within one year | 40/41 | €4,424 | €611 | -€3,813 | -86.2% |
| Trade receivables | 40 | €2,850 | - | -€2,850 | |
| Other amounts receivable | 41 | €1,574 | €611 | -€963 | -61.2% |
| Cash at bank and in hand | 54/58 | €3,317 | €5,992 | +€2,674 | +80.6% |
| Deferred charges and accrued income | 490/1 | - | €290 | +€290 | |
| Total equity and liabilities | 10/49 | €174,840 | €161,315 | -€13,526 | -7.7% |
| Equity | 10/15 | €105,256 | €49,846 | -€55,410 | -52.6% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Capital | 10 | €115,000 | €115,000 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Legal reserve | 130 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,244 | -€70,654 | -€55,410 | -363% |
| Amounts payable | 17/49 | €69,585 | €111,469 | +€41,884 | +60.2% |
| Amounts payable within one year | 42/48 | €69,585 | €109,969 | +€40,384 | +58.0% |
| Trade debts | 44 | €2,588 | €539 | -€2,049 | -79.2% |
| Suppliers | 440/4 | €2,588 | €539 | -€2,049 | -79.2% |
| Other amounts payable | 47/48 | €66,997 | €109,430 | +€42,433 | +63.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,652 | €7,152 | +€500 | +7.5% |
| Other operating charges | 640/8 | €593 | €520 | -€74 | -12.4% |
| Gross operating margin | 9900 | -€21,914 | -€46,258 | -€24,344 | -111% |
| Operating profit (loss) | 9901 | -€29,209 | -€53,929 | -€24,721 | -84.6% |
| Financial charges | 65/66B | €1,028 | €1,212 | +€184 | +17.9% |
| Recurring financial charges | 65 | €1,028 | €1,212 | +€184 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,237 | -€55,141 | -€24,904 | -82.4% |
| Income taxes | 67/77 | €277 | €268 | -€8 | -3.0% |
| Profit (loss) for the period | 9904 | -€30,514 | -€55,410 | -€24,896 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,514 | -€55,410 | -€24,896 | -81.6% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.