MINDS & DOTS: 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.
MINDS & DOTS
Largest movements
- Cash -€80,681
down €80,681 (-66.3%), from €121,723 to €41,043
mainly Contributions, distributions and other (-€186,585) and Debts after one year (-€28,855)
- Receivables within one year +€14,728
up €14,728 (+13.8%), from €106,445 to €121,172
of which Other amounts receivable: +€14,728
- Tangible fixed assets -€8,173
down €8,173 (-1.7%), from €487,413 to €479,240
of which Land and buildings: -€13,896
- Reserves -€137,143
down €137,143 (-44.2%), from €310,546 to €173,403
- Other debts +€74,200
up €74,200 (+5,983%), from €1,240 to €75,440
- Debts after one year -€28,855
down €28,855 (-8.5%), from €341,475 to €312,620
- Trade debts +€9,023
up €9,023 (+315%), from €2,868 to €11,891
- Tax, wage and social debts +€7,282
up €7,282 (+54.5%), from €13,364 to €20,646
- Gross operating margin -€18,916
down €18,916 (-15.8%), from €119,390 to €100,474
- Taxes -€3,736
down €3,736 (-16.0%), from €23,367 to €19,631
- Depreciation +€1,393
up €1,393 (+9.5%), from €14,648 to €16,041
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 | €716,125 | €641,455 | -€74,670 | -10.4% |
| Fixed assets | 21/28 | €487,413 | €479,240 | -€8,173 | -1.7% |
| Tangible fixed assets | 22/27 | €487,413 | €479,240 | -€8,173 | -1.7% |
| Land and buildings | 22 | €484,309 | €470,413 | -€13,896 | -2.9% |
| Plant, machinery and equipment | 23 | €889 | €479 | -€410 | -46.2% |
| Furniture and vehicles | 24 | €2,216 | €8,349 | +€6,133 | +277% |
| Current assets | 29/58 | €228,712 | €162,215 | -€66,497 | -29.1% |
| Amounts receivable within one year | 40/41 | €106,445 | €121,172 | +€14,728 | +13.8% |
| Trade receivables | 40 | €29,040 | €29,040 | = | 0.0% |
| Other amounts receivable | 41 | €77,405 | €92,132 | +€14,728 | +19.0% |
| Cash at bank and in hand | 54/58 | €121,723 | €41,043 | -€80,681 | -66.3% |
| Deferred charges and accrued income | 490/1 | €544 | - | -€544 | |
| Total equity and liabilities | 10/49 | €716,125 | €641,455 | -€74,670 | -10.4% |
| Equity | 10/15 | €329,146 | €192,003 | -€137,143 | -41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €310,546 | €173,403 | -€137,143 | -44.2% |
| Distributable reserves | 133 | €310,546 | €173,403 | -€137,143 | -44.2% |
| Amounts payable | 17/49 | €386,979 | €449,452 | +€62,473 | +16.1% |
| Amounts payable after more than one year | 17 | €341,475 | €312,620 | -€28,855 | -8.5% |
| Financial debts | 170/4 | €341,475 | €312,620 | -€28,855 | -8.5% |
| Amounts payable within one year | 42/48 | €45,504 | €136,833 | +€91,329 | +201% |
| Current portion of amounts payable after more than one year | 42 | €28,032 | €28,855 | +€824 | +2.9% |
| Trade debts | 44 | €2,868 | €11,891 | +€9,023 | +315% |
| Suppliers | 440/4 | €2,868 | €11,891 | +€9,023 | +315% |
| Taxes, remuneration and social security | 45 | €13,364 | €20,646 | +€7,282 | +54.5% |
| Taxes | 450/3 | €13,364 | €20,646 | +€7,282 | +54.5% |
| Other amounts payable | 47/48 | €1,240 | €75,440 | +€74,200 | +5,983% |
| Non-recurring operating income | 76A | - | €4,785 | +€4,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,648 | €16,041 | +€1,393 | +9.5% |
| Other operating charges | 640/8 | €2,881 | €3,406 | +€525 | +18.2% |
| Gross operating margin | 9900 | €119,390 | €100,474 | -€18,916 | -15.8% |
| Operating profit (loss) | 9901 | €101,862 | €81,027 | -€20,834 | -20.5% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €12,941 | €11,954 | -€988 | -7.6% |
| Recurring financial charges | 65 | €12,941 | €11,954 | -€988 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €88,925 | €69,074 | -€19,852 | -22.3% |
| Income taxes | 67/77 | €23,367 | €19,631 | -€3,736 | -16.0% |
| Profit (loss) for the period | 9904 | €65,558 | €49,442 | -€16,116 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,558 | €49,442 | -€16,116 | -24.6% |
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 26 October 2026 via checked.be.