MINDQUEST: 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.
MINDQUEST
Largest movements
- Deferred charges and accrued income -€27,145
down €27,145 (-92.8%), from €29,238 to €2,093
- Tangible fixed assets -€3,487
down €3,487 (-19.0%), from €18,379 to €14,892
- Receivables within one year +€2,443
up €2,443 (+58.3%), from €4,188 to €6,631
of which Trade receivables: +€2,299
- Profit (loss) carried forward -€21,005
down €21,005 (-33.5%), from -€62,750 to -€83,755
- Trade debts -€9,402
down €9,402 (-42.7%), from €22,008 to €12,606
- Tax, wage and social debts +€2,095
up €2,095 (+40.3%), from €5,200 to €7,295
- Gross operating margin -€29,538
down €29,538 (-31.8%), from €92,857 to €63,319
- Turnover -€24,235
down €24,235 (-7.3%), from €333,577 to €309,342
- Purchases and services +€5,237
up €5,237 (+2.1%), from €247,739 to €252,976
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 | €60,129 | €32,390 | -€27,739 | -46.1% |
| Fixed assets | 21/28 | €18,629 | €15,142 | -€3,487 | -18.7% |
| Tangible fixed assets | 22/27 | €18,379 | €14,892 | -€3,487 | -19.0% |
| Plant, machinery and equipment | 23 | €18,379 | €14,892 | -€3,487 | -19.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €41,500 | €17,248 | -€24,252 | -58.4% |
| Amounts receivable within one year | 40/41 | €4,188 | €6,631 | +€2,443 | +58.3% |
| Trade receivables | 40 | €1,726 | €4,025 | +€2,299 | +133.2% |
| Other amounts receivable | 41 | €2,462 | €2,606 | +€144 | +5.8% |
| Cash at bank and in hand | 54/58 | €8,074 | €8,524 | +€450 | +5.6% |
| Deferred charges and accrued income | 490/1 | €29,238 | €2,093 | -€27,145 | -92.8% |
| Total equity and liabilities | 10/49 | €60,129 | €32,390 | -€27,739 | -46.1% |
| Equity | 10/15 | €23,603 | €2,598 | -€21,005 | -89.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,753 | €67,753 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,893 | €65,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,750 | -€83,755 | -€21,005 | -33.5% |
| Provisions and deferred taxes | 16 | €9,318 | €9,652 | +€334 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €9,318 | €9,652 | +€334 | +3.6% |
| Other liabilities and charges | 164/5 | €9,318 | €9,652 | +€334 | +3.6% |
| Amounts payable | 17/49 | €27,208 | €20,140 | -€7,068 | -26.0% |
| Amounts payable within one year | 42/48 | €27,208 | €19,901 | -€7,307 | -26.9% |
| Trade debts | 44 | €22,008 | €12,606 | -€9,402 | -42.7% |
| Suppliers | 440/4 | €22,008 | €12,606 | -€9,402 | -42.7% |
| Taxes, remuneration and social security | 45 | €5,200 | €7,295 | +€2,095 | +40.3% |
| Taxes | 450/3 | €5,200 | €7,295 | +€2,095 | +40.3% |
| Accrued charges and deferred income | 492/3 | - | €239 | +€239 | |
| Turnover | 70 | €333,577 | €309,342 | -€24,235 | -7.3% |
| Non-recurring operating income | 76A | €96 | €78 | -€18 | -18.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €247,739 | €252,976 | +€5,237 | +2.1% |
| Remuneration, social security and pensions | 62 | €71,739 | €74,993 | +€3,254 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,228 | €5,237 | +€9 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €966 | €334 | -€632 | -65.4% |
| Other operating charges | 640/8 | €931 | €1,012 | +€81 | +8.7% |
| Gross operating margin | 9900 | €92,857 | €63,319 | -€29,538 | -31.8% |
| Operating profit (loss) | 9901 | €13,993 | -€18,257 | -€32,250 | |
| Financial income | 75/76B | €75 | €220 | +€145 | +193.3% |
| Recurring financial income | 75 | €75 | €220 | +€145 | +193.3% |
| Financial charges | 65/66B | €287 | €286 | -€1 | -0.3% |
| Recurring financial charges | 65 | €287 | €286 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €13,781 | -€18,323 | -€32,104 | |
| Income taxes | 67/77 | €1,415 | €2,682 | +€1,267 | +89.5% |
| Profit (loss) for the period | 9904 | €12,366 | -€21,005 | -€33,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,366 | -€21,005 | -€33,371 |
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 7 October 2026 via checked.be.