Mindeq: 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.
Mindeq
Largest movements
- Receivables within one year -€18,243
down €18,243 (-50.2%), from €36,336 to €18,093
of which Trade receivables: -€21,054
- Tangible fixed assets -€7,873
down €7,873 (-16.7%), from €47,098 to €39,225
of which Furniture and vehicles: -€5,873
- Cash +€2,774
up €2,774 (+11.5%), from €24,060 to €26,835
mainly Receivables within one year (+€18,243) and Depreciation (+€9,029)
- Trade debts -€14,592
down €14,592 (-63.3%), from €23,051 to €8,458
- Debts after one year -€7,832
down €7,832 (-23.6%), from €33,228 to €25,396
- Profit (loss) carried forward +€4,067
up €4,067 (+16.6%), from €24,547 to €28,614
- Other debts -€2,147
down €2,147 (-19.3%), from €11,147 to €9,000
- Advances received -€1,692
down €1,692 (-17.6%), from €9,620 to €7,928
- Gross operating margin -€11,219
down €11,219 (-40.4%), from €27,768 to €16,549
- Financial charges +€2,267
up €2,267 (+218%), from €1,040 to €3,307
- Financial income +€2,168
up €2,168 (+1,915%), from €113 to €2,281
- Taxes -€1,450
down €1,450 (-45.3%), from €3,201 to €1,751
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 | €122,494 | €99,804 | -€22,690 | -18.5% |
| Fixed assets | 21/28 | €47,098 | €39,225 | -€7,873 | -16.7% |
| Tangible fixed assets | 22/27 | €47,098 | €39,225 | -€7,873 | -16.7% |
| Plant, machinery and equipment | 23 | €5,255 | €3,255 | -€2,000 | -38.1% |
| Furniture and vehicles | 24 | €41,843 | €35,970 | -€5,873 | -14.0% |
| Current assets | 29/58 | €75,396 | €60,579 | -€14,817 | -19.7% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,336 | €18,093 | -€18,243 | -50.2% |
| Trade receivables | 40 | €33,059 | €12,005 | -€21,054 | -63.7% |
| Other amounts receivable | 41 | €3,277 | €6,088 | +€2,811 | +85.8% |
| Cash at bank and in hand | 54/58 | €24,060 | €26,835 | +€2,774 | +11.5% |
| Deferred charges and accrued income | 490/1 | - | €651 | +€651 | |
| Total equity and liabilities | 10/49 | €122,494 | €99,804 | -€22,690 | -18.5% |
| Equity | 10/15 | €27,047 | €31,114 | +€4,067 | +15.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,547 | €28,614 | +€4,067 | +16.6% |
| Amounts payable | 17/49 | €95,447 | €68,690 | -€26,757 | -28.0% |
| Amounts payable after more than one year | 17 | €33,228 | €25,396 | -€7,832 | -23.6% |
| Financial debts | 170/4 | €33,228 | €25,396 | -€7,832 | -23.6% |
| Amounts payable within one year | 42/48 | €62,219 | €43,293 | -€18,925 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €7,641 | €7,832 | +€190 | +2.5% |
| Trade debts | 44 | €23,051 | €8,458 | -€14,592 | -63.3% |
| Suppliers | 440/4 | €23,051 | €8,458 | -€14,592 | -63.3% |
| Advances received on contracts in progress | 46 | €9,620 | €7,928 | -€1,692 | -17.6% |
| Taxes, remuneration and social security | 45 | €10,760 | €10,075 | -€685 | -6.4% |
| Taxes | 450/3 | €10,760 | €10,075 | -€685 | -6.4% |
| Other amounts payable | 47/48 | €11,147 | €9,000 | -€2,147 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,926 | €9,029 | +€102 | +1.1% |
| Other operating charges | 640/8 | €735 | €677 | -€59 | -8.0% |
| Gross operating margin | 9900 | €27,768 | €16,549 | -€11,219 | -40.4% |
| Operating profit (loss) | 9901 | €18,106 | €6,843 | -€11,263 | -62.2% |
| Financial income | 75/76B | €113 | €2,281 | +€2,168 | +1,915% |
| Recurring financial income | 75 | €113 | €2,281 | +€2,168 | +1,915% |
| Financial charges | 65/66B | €1,040 | €3,307 | +€2,267 | +218% |
| Recurring financial charges | 65 | €1,040 | €3,307 | +€2,267 | +218% |
| Profit (loss) for the period before taxes | 9903 | €17,179 | €5,818 | -€11,362 | -66.1% |
| Income taxes | 67/77 | €3,201 | €1,751 | -€1,450 | -45.3% |
| Profit (loss) for the period | 9904 | €13,978 | €4,067 | -€9,912 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | €4,067 | -€9,912 | -70.9% |
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 16 October 2026 via checked.be.