MINDRIE: 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.
MINDRIE
Largest movements
- Current investments +€126,237
up €126,237 (+49.0%), from €257,490 to €383,728
- Cash -€30,839
down €30,839 (-8.0%), from €384,747 to €353,908
mainly Current investments (-€126,237) and Receivables within one year (-€8,898)
- Tangible fixed assets -€10,824
down €10,824 (-35.7%), from €30,340 to €19,516
of which Furniture and vehicles: -€12,258
- Reserves +€97,331
up €97,331 (+16.1%), from €604,051 to €701,382
of which Distributable reserves: +€101,231
- Gross operating margin +€51,885
up €51,885 (+49.2%), from €105,508 to €157,392
- Taxes +€20,099
up €20,099 (+80.3%), from €25,024 to €45,123
- Depreciation -€4,899
down €4,899 (-25.2%), from €19,416 to €14,517
- Financial income -€4,169
down €4,169 (-71.9%), from €5,802 to €1,633
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 | €811,683 | €899,246 | +€87,564 | +10.8% |
| Fixed assets | 21/28 | €30,340 | €19,516 | -€10,824 | -35.7% |
| Tangible fixed assets | 22/27 | €30,340 | €19,516 | -€10,824 | -35.7% |
| Plant, machinery and equipment | 23 | €2,373 | €3,807 | +€1,434 | +60.4% |
| Furniture and vehicles | 24 | €27,967 | €15,710 | -€12,258 | -43.8% |
| Current assets | 29/58 | €781,342 | €879,730 | +€98,388 | +12.6% |
| Stocks and contracts in progress | 3 | €136,700 | €130,090 | -€6,610 | -4.8% |
| Stocks | 30/36 | €136,700 | €130,090 | -€6,610 | -4.8% |
| Amounts receivable within one year | 40/41 | €1,415 | €10,313 | +€8,898 | +629% |
| Trade receivables | 40 | €1,415 | €598 | -€818 | -57.8% |
| Other amounts receivable | 41 | - | €9,716 | +€9,716 | |
| Current investments | 50/53 | €257,490 | €383,728 | +€126,237 | +49.0% |
| Cash at bank and in hand | 54/58 | €384,747 | €353,908 | -€30,839 | -8.0% |
| Deferred charges and accrued income | 490/1 | €991 | €1,692 | +€701 | +70.8% |
| Total equity and liabilities | 10/49 | €811,683 | €899,246 | +€87,564 | +10.8% |
| Equity | 10/15 | €663,051 | €760,382 | +€97,331 | +14.7% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €604,051 | €701,382 | +€97,331 | +16.1% |
| Non-distributable reserves | 130/1 | €3,900 | €0 | -€3,900 | -100% |
| Reserves not available under the articles | 1311 | €3,900 | €0 | -€3,900 | -100% |
| Distributable reserves | 133 | €600,151 | €701,382 | +€101,231 | +16.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €148,631 | €138,864 | -€9,767 | -6.6% |
| Amounts payable within one year | 42/48 | €148,631 | €138,864 | -€9,767 | -6.6% |
| Trade debts | 44 | €8,256 | €4,696 | -€3,560 | -43.1% |
| Suppliers | 440/4 | €8,256 | €4,696 | -€3,560 | -43.1% |
| Taxes, remuneration and social security | 45 | €6,398 | €191 | -€6,207 | -97.0% |
| Taxes | 450/3 | €6,398 | €191 | -€6,207 | -97.0% |
| Other amounts payable | 47/48 | €133,977 | €133,977 | = | 0.0% |
| Non-recurring operating income | 76A | €2,160 | - | -€2,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,416 | €14,517 | -€4,899 | -25.2% |
| Other operating charges | 640/8 | €1,354 | €1,559 | +€205 | +15.1% |
| Gross operating margin | 9900 | €105,508 | €157,392 | +€51,885 | +49.2% |
| Operating profit (loss) | 9901 | €84,737 | €141,316 | +€56,579 | +66.8% |
| Financial income | 75/76B | €5,802 | €1,633 | -€4,169 | -71.9% |
| Recurring financial income | 75 | €5,802 | €1,633 | -€4,169 | -71.9% |
| Financial charges | 65/66B | -€546 | €495 | +€1,041 | |
| Recurring financial charges | 65 | -€546 | €495 | +€1,041 | |
| Profit (loss) for the period before taxes | 9903 | €91,085 | €142,454 | +€51,369 | +56.4% |
| Income taxes | 67/77 | €25,024 | €45,123 | +€20,099 | +80.3% |
| Profit (loss) for the period | 9904 | €66,061 | €97,331 | +€31,270 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,061 | €97,331 | +€31,270 | +47.3% |
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 15 October 2026 via checked.be.