MINDPHASER: what changed
Two fiscal 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.
MINDPHASER
Largest movements
- Current investments -€10,013
down €10,013 (-100.0%), from €10,013 to €0
- Cash -€7,897
down €7,897 (-15.4%), from €51,132 to €43,235
mainly Net result for the year (-€24,463)
- Receivables within one year -€3,140
down €3,140 (-20.9%), from €15,019 to €11,879
of which Other amounts receivable: -€6,333
- Profit (loss) carried forward -€24,463
down €24,463, from €2,092 to -€22,372
- Tax, wage and social debts +€2,296
new in 2025: €2,296
- Gross operating margin -€42,503
down €42,503, from €2,597 to -€39,906
- Financial income +€18,221
up €18,221 (+5515.9%), from €330 to €18,551
of which Non-recurring financial income: +€18,185
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 | €80,377 | €58,899 | -€21,479 | -26.7% |
| Fixed assets | 21/28 | €3,400 | €3,400 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,815 | €2,815 | = | 0.0% |
| Furniture and vehicles | 24 | €2,815 | €2,815 | = | 0.0% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €76,977 | €55,499 | -€21,479 | -27.9% |
| Amounts receivable within one year | 40/41 | €15,019 | €11,879 | -€3,140 | -20.9% |
| Trade receivables | 40 | €287 | €3,480 | +€3,194 | +1114.7% |
| Other amounts receivable | 41 | €14,732 | €8,399 | -€6,333 | -43.0% |
| Current investments | 50/53 | €10,013 | €0 | -€10,013 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,132 | €43,235 | -€7,897 | -15.4% |
| Deferred charges and accrued income | 490/1 | €814 | €384 | -€429 | -52.8% |
| Total equity and liabilities | 10/49 | €80,377 | €58,899 | -€21,479 | -26.7% |
| Equity | 10/15 | €45,850 | €21,386 | -€24,463 | -53.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,358 | €31,358 | = | 0.0% |
| Distributable reserves | 133 | €31,358 | €31,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,092 | -€22,372 | -€24,463 | |
| Provisions and deferred taxes | 16 | €32,866 | €32,866 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,866 | €32,866 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,866 | €32,866 | = | 0.0% |
| Amounts payable | 17/49 | €1,661 | €4,646 | +€2,985 | +179.7% |
| Amounts payable within one year | 42/48 | €1,661 | €4,646 | +€2,985 | +179.7% |
| Trade debts | 44 | €1,661 | €2,350 | +€689 | +41.4% |
| Suppliers | 440/4 | €1,661 | €2,350 | +€689 | +41.4% |
| Taxes, remuneration and social security | 45 | - | €2,296 | +€2,296 | |
| Taxes | 450/3 | - | €2,296 | +€2,296 | |
| Remuneration, social security and pensions | 62 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €0 | -€259 | -100.0% |
| Other operating charges | 640/8 | €1,151 | €1,370 | +€219 | +19.0% |
| Gross operating margin | 9900 | €2,597 | -€39,906 | -€42,503 | |
| Operating profit (loss) | 9901 | €1,186 | -€41,597 | -€42,783 | |
| Financial income | 75/76B | €330 | €18,551 | +€18,221 | +5515.9% |
| Recurring financial income | 75 | €330 | €367 | +€36 | +11.0% |
| Non-recurring financial income | 76B | - | €18,185 | +€18,185 | |
| Financial charges | 65/66B | €44 | €56 | +€13 | +29.6% |
| Recurring financial charges | 65 | €44 | €56 | +€13 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €1,473 | -€23,102 | -€24,575 | |
| Income taxes | 67/77 | €992 | €1,362 | +€369 | +37.2% |
| Profit (loss) for the period | 9904 | €481 | -€24,463 | -€24,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €481 | -€24,463 | -€24,944 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.