MINDguide: 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.
MINDguide
Largest movements
- Receivables within one year +€20,185
up €20,185 (+149.8%), from €13,472 to €33,657
of which Other amounts receivable: +€18,083
- Cash -€5,138
down €5,138 (-43.8%), from €11,739 to €6,601
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€20,185)
- Tangible fixed assets -€4,484
down €4,484 (-19.3%), from €23,229 to €18,745
of which Furniture and vehicles: -€2,868
- Current investments -€1,799
down €1,799 (-9.0%), from €20,009 to €18,210
- Other debts +€45,866
up €45,866 (+1109.6%), from €4,134 to €50,000
- Reserves -€23,041
down €23,041 (-63.8%), from €36,105 to €13,064
- Trade debts -€7,691
down €7,691 (-89.7%), from €8,578 to €887
- Tax, wage and social debts -€3,612
down €3,612 (-32.9%), from €10,969 to €7,357
- Debts after one year -€2,720
down €2,720 (-49.0%), from €5,545 to €2,825
- Gross operating margin -€4,163
down €4,163 (-8.2%), from €50,853 to €46,690
- Financial charges +€1,659
up €1,659 (+190.6%), from €870 to €2,529
- Depreciation +€1,104
up €1,104 (+32.7%), from €3,379 to €4,484
- Taxes +€1,044
up €1,044 (+10.1%), from €10,295 to €11,338
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 | €69,318 | €78,404 | +€9,085 | +13.1% |
| Fixed assets | 21/28 | €23,379 | €18,895 | -€4,484 | -19.2% |
| Tangible fixed assets | 22/27 | €23,229 | €18,745 | -€4,484 | -19.3% |
| Furniture and vehicles | 24 | €11,431 | €8,562 | -€2,868 | -25.1% |
| Other tangible fixed assets | 26 | €11,798 | €10,183 | -€1,615 | -13.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €45,939 | €59,508 | +€13,569 | +29.5% |
| Amounts receivable within one year | 40/41 | €13,472 | €33,657 | +€20,185 | +149.8% |
| Trade receivables | 40 | €13,234 | €15,337 | +€2,102 | +15.9% |
| Other amounts receivable | 41 | €237 | €18,320 | +€18,083 | +7624.7% |
| Current investments | 50/53 | €20,009 | €18,210 | -€1,799 | -9.0% |
| Cash at bank and in hand | 54/58 | €11,739 | €6,601 | -€5,138 | -43.8% |
| Deferred charges and accrued income | 490/1 | €720 | €1,041 | +€321 | +44.6% |
| Total equity and liabilities | 10/49 | €69,318 | €78,404 | +€9,085 | +13.1% |
| Equity | 10/15 | €37,105 | €14,064 | -€23,041 | -62.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,105 | €13,064 | -€23,041 | -63.8% |
| Distributable reserves | 133 | €36,105 | €13,064 | -€23,041 | -63.8% |
| Amounts payable | 17/49 | €32,214 | €64,340 | +€32,126 | +99.7% |
| Amounts payable after more than one year | 17 | €5,545 | €2,825 | -€2,720 | -49.0% |
| Financial debts | 170/4 | €5,545 | €2,825 | -€2,720 | -49.0% |
| Amounts payable within one year | 42/48 | €26,668 | €61,514 | +€34,846 | +130.7% |
| Current portion of amounts payable after more than one year | 42 | €2,953 | €2,720 | -€233 | -7.9% |
| Financial debts | 43 | €35 | €550 | +€515 | +1471.7% |
| Credit institutions | 430/8 | €35 | €550 | +€515 | +1471.7% |
| Trade debts | 44 | €8,578 | €887 | -€7,691 | -89.7% |
| Suppliers | 440/4 | €8,578 | €887 | -€7,691 | -89.7% |
| Taxes, remuneration and social security | 45 | €10,969 | €7,357 | -€3,612 | -32.9% |
| Taxes | 450/3 | €10,969 | €7,357 | -€3,612 | -32.9% |
| Other amounts payable | 47/48 | €4,134 | €50,000 | +€45,866 | +1109.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €4,484 | +€1,104 | +32.7% |
| Other operating charges | 640/8 | €971 | €998 | +€26 | +2.7% |
| Non-recurring operating charges | 66A | - | €413 | +€413 | |
| Gross operating margin | 9900 | €50,853 | €46,690 | -€4,163 | -8.2% |
| Operating profit (loss) | 9901 | €46,503 | €40,796 | -€5,707 | -12.3% |
| Financial income | 75/76B | €8 | €31 | +€24 | +298.5% |
| Recurring financial income | 75 | €8 | €31 | +€24 | +298.5% |
| Financial charges | 65/66B | €870 | €2,529 | +€1,659 | +190.6% |
| Recurring financial charges | 65 | €870 | €2,529 | +€1,659 | +190.6% |
| Profit (loss) for the period before taxes | 9903 | €45,640 | €38,298 | -€7,342 | -16.1% |
| Income taxes | 67/77 | €10,295 | €11,338 | +€1,044 | +10.1% |
| Profit (loss) for the period | 9904 | €35,345 | €26,959 | -€8,386 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,345 | €26,959 | -€8,386 | -23.7% |
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 9 October 2026 via checked.be.