MindCuBe: 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.
MindCuBe
Largest movements
- Cash -€433,965
down €433,965 (-92.2%), from €470,550 to €36,585
mainly Contributions, distributions and other (-€686,572) and Receivables within one year (-€118,561)
- Receivables within one year +€118,561
up €118,561 (+308.1%), from €38,483 to €157,044
of which Other amounts receivable: +€97,991
- Current investments +€49,000
new in 2024: €49,000
- Reserves -€579,846
down €579,846 (-84.5%), from €686,572 to €106,726
- Other debts +€336,465
new in 2024: €336,465
- Current portion of long-term debt -€25,862
no longer reported in 2024 (was €25,862)
- Financial income -€272,162
down €272,162 (-72.5%), from €375,355 to €103,193
- Gross operating margin -€18,293
down €18,293 (-53.8%), from €33,995 to €15,702
- Taxes -€5,689
down €5,689 (-65.0%), from €8,756 to €3,067
- Financial charges +€3,557
up €3,557 (+225.8%), from €1,575 to €5,132
- Depreciation -€751
down €751 (-25.3%), from €2,969 to €2,218
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €739,997 | €476,668 | -€263,329 | -35.6% |
| Fixed assets | 21/28 | €228,811 | €231,385 | +€2,574 | +1.1% |
| Tangible fixed assets | 22/27 | €3,511 | €6,085 | +€2,574 | +73.3% |
| Furniture and vehicles | 24 | €3,511 | €6,085 | +€2,574 | +73.3% |
| Financial fixed assets | 28 | €225,300 | €225,300 | = | 0.0% |
| Current assets | 29/58 | €511,186 | €245,283 | -€265,903 | -52.0% |
| Amounts receivable within one year | 40/41 | €38,483 | €157,044 | +€118,561 | +308.1% |
| Trade receivables | 40 | €19,360 | €39,930 | +€20,570 | +106.3% |
| Other amounts receivable | 41 | €19,123 | €117,114 | +€97,991 | +512.4% |
| Current investments | 50/53 | - | €49,000 | +€49,000 | |
| Cash at bank and in hand | 54/58 | €470,550 | €36,585 | -€433,965 | -92.2% |
| Deferred charges and accrued income | 490/1 | €2,153 | €2,654 | +€501 | +23.3% |
| Total equity and liabilities | 10/49 | €739,997 | €476,668 | -€263,329 | -35.6% |
| Equity | 10/15 | €705,172 | €125,326 | -€579,846 | -82.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €686,572 | €106,726 | -€579,846 | -84.5% |
| Distributable reserves | 133 | €686,572 | €106,726 | -€579,846 | -84.5% |
| Amounts payable | 17/49 | €34,825 | €351,342 | +€316,517 | +908.9% |
| Amounts payable within one year | 42/48 | €34,825 | €351,342 | +€316,517 | +908.9% |
| Current portion of amounts payable after more than one year | 42 | €25,862 | - | -€25,862 | |
| Trade debts | 44 | €8,963 | €11,401 | +€2,438 | +27.2% |
| Suppliers | 440/4 | €8,963 | €11,401 | +€2,438 | +27.2% |
| Taxes, remuneration and social security | 45 | - | €3,476 | +€3,476 | |
| Taxes | 450/3 | - | €2,354 | +€2,354 | |
| Remuneration and social security | 454/9 | - | €1,122 | +€1,122 | |
| Other amounts payable | 47/48 | - | €336,465 | +€336,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,969 | €2,218 | -€751 | -25.3% |
| Other operating charges | 640/8 | €1,384 | €1,752 | +€368 | +26.6% |
| Gross operating margin | 9900 | €33,995 | €15,702 | -€18,293 | -53.8% |
| Operating profit (loss) | 9901 | €29,642 | €11,732 | -€17,910 | -60.4% |
| Financial income | 75/76B | €375,355 | €103,193 | -€272,162 | -72.5% |
| Recurring financial income | 75 | €375,355 | €103,193 | -€272,162 | -72.5% |
| Financial charges | 65/66B | €1,575 | €5,132 | +€3,557 | +225.8% |
| Recurring financial charges | 65 | €1,575 | €5,132 | +€3,557 | +225.8% |
| Profit (loss) for the period before taxes | 9903 | €403,422 | €109,793 | -€293,629 | -72.8% |
| Income taxes | 67/77 | €8,756 | €3,067 | -€5,689 | -65.0% |
| Profit (loss) for the period | 9904 | €394,666 | €106,726 | -€287,940 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,666 | €106,726 | -€287,940 | -73.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.