Mind4S: 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.
Mind4S
Largest movements
- Cash +€10,758
up €10,758 (+7.3%), from €147,600 to €158,359
mainly Net result for the year (+€12,613) and Depreciation (+€11,690)
- Receivables within one year -€7,976
down €7,976 (-48.8%), from €16,352 to €8,377
of which Other amounts receivable: -€11,769
- Tangible fixed assets -€6,968
down €6,968 (-14.2%), from €49,027 to €42,059
of which Furniture and vehicles: -€9,211
- Tax, wage and social debts -€14,584
down €14,584 (-87.2%), from €16,716 to €2,132
- Reserves +€11,813
up €11,813 (+3.0%), from €393,906 to €405,719
- Gross operating margin +€24,169
up €24,169 (+365%), from €6,625 to €30,794
- Financial income -€6,721
no longer reported in 2025 (was €6,721)
- Taxes +€4,269
up €4,269 (+291%), from €1,469 to €5,739
- Depreciation +€2,365
up €2,365 (+25.4%), from €9,325 to €11,690
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 | €415,825 | €411,840 | -€3,985 | -1.0% |
| Fixed assets | 21/28 | €49,027 | €42,059 | -€6,968 | -14.2% |
| Tangible fixed assets | 22/27 | €49,027 | €42,059 | -€6,968 | -14.2% |
| Plant, machinery and equipment | 23 | - | €2,243 | +€2,243 | |
| Furniture and vehicles | 24 | €49,027 | €39,816 | -€9,211 | -18.8% |
| Current assets | 29/58 | €366,798 | €369,781 | +€2,984 | +0.8% |
| Amounts receivable within one year | 40/41 | €16,352 | €8,377 | -€7,976 | -48.8% |
| Trade receivables | 40 | €2,822 | €6,615 | +€3,793 | +134% |
| Other amounts receivable | 41 | €13,531 | €1,761 | -€11,769 | -87.0% |
| Current investments | 50/53 | €200,198 | €200,198 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €147,600 | €158,359 | +€10,758 | +7.3% |
| Deferred charges and accrued income | 490/1 | €2,647 | €2,848 | +€201 | +7.6% |
| Total equity and liabilities | 10/49 | €415,825 | €411,840 | -€3,985 | -1.0% |
| Equity | 10/15 | €396,406 | €408,219 | +€11,813 | +3.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €393,906 | €405,719 | +€11,813 | +3.0% |
| Distributable reserves | 133 | €393,906 | €405,719 | +€11,813 | +3.0% |
| Amounts payable | 17/49 | €19,419 | €3,621 | -€15,798 | -81.4% |
| Amounts payable within one year | 42/48 | €19,419 | €3,621 | -€15,798 | -81.4% |
| Trade debts | 44 | €303 | €689 | +€386 | +128% |
| Suppliers | 440/4 | €303 | €689 | +€386 | +128% |
| Taxes, remuneration and social security | 45 | €16,716 | €2,132 | -€14,584 | -87.2% |
| Taxes | 450/3 | €16,716 | €2,132 | -€14,584 | -87.2% |
| Other amounts payable | 47/48 | €2,400 | €800 | -€1,600 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,325 | €11,690 | +€2,365 | +25.4% |
| Other operating charges | 640/8 | €581 | €685 | +€104 | +17.9% |
| Gross operating margin | 9900 | €6,625 | €30,794 | +€24,169 | +365% |
| Operating profit (loss) | 9901 | -€3,280 | €18,419 | +€21,700 | |
| Financial income | 75/76B | €6,721 | - | -€6,721 | |
| Recurring financial income | 75 | €6,721 | - | -€6,721 | |
| Financial charges | 65/66B | €165 | €67 | -€97 | -59.1% |
| Recurring financial charges | 65 | €165 | €67 | -€97 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €3,276 | €18,352 | +€15,076 | +460% |
| Income taxes | 67/77 | €1,469 | €5,739 | +€4,269 | +291% |
| Profit (loss) for the period | 9904 | €1,807 | €12,613 | +€10,807 | +598% |
| Profit (loss) for the period to be appropriated | 9905 | €1,807 | €12,613 | +€10,807 | +598% |
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 24 October 2026 via checked.be.