MINDS&MORE: 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&MORE
Largest movements
- Cash +€1.0m
up €1.0m (+129.4%), from €773,012 to €1.8m
mainly Trade debts (+€1.2m) and Net result for the year (+€1.0m)
- Tangible fixed assets +€208,947
up €208,947 (+1869.6%), from €11,176 to €220,123
of which Other tangible fixed assets: +€202,065
- Receivables within one year +€154,870
up €154,870 (+3.9%), from €3.9m to €4.1m
of which Other amounts receivable: +€282,952
- Trade debts +€1.2m
up €1.2m (+74.6%), from €1.6m to €2.7m
- Profit (loss) carried forward +€1.0m
up €1.0m (+69.0%), from €1.5m to €2.5m
- Other debts -€739,233
down €739,233 (-52.2%), from €1.4m to €676,813
- Gross operating margin +€666,407
up €666,407 (+22.2%), from €3.0m to €3.7m
- Taxes +€173,943
up €173,943 (+79.9%), from €217,831 to €391,775
- Write-downs -€108,750
down €108,750 (-100.0%), from €108,750 to €0
- Staff costs +€108,459
up €108,459 (+5.2%), from €2.1m to €2.2m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,840,431 | €6,212,330 | +€1.4m | +28.3% |
| Fixed assets | 21/28 | €87,650 | €253,088 | +€165,439 | +188.8% |
| Intangible fixed assets | 21 | €24,724 | €11,215 | -€13,508 | -54.6% |
| Tangible fixed assets | 22/27 | €11,176 | €220,123 | +€208,947 | +1869.6% |
| Plant, machinery and equipment | 23 | €10,124 | €4,220 | -€5,903 | -58.3% |
| Furniture and vehicles | 24 | €1,052 | €13,837 | +€12,785 | +1214.9% |
| Other tangible fixed assets | 26 | - | €202,065 | +€202,065 | |
| Financial fixed assets | 28 | €51,750 | €21,750 | -€30,000 | -58.0% |
| Current assets | 29/58 | €4,752,782 | €5,959,242 | +€1.2m | +25.4% |
| Amounts receivable within one year | 40/41 | €3,924,285 | €4,079,155 | +€154,870 | +3.9% |
| Trade receivables | 40 | €3,322,012 | €3,193,930 | -€128,081 | -3.9% |
| Other amounts receivable | 41 | €602,273 | €885,225 | +€282,952 | +47.0% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €773,012 | €1,773,488 | +€1.0m | +129.4% |
| Deferred charges and accrued income | 490/1 | €54,485 | €105,599 | +€51,114 | +93.8% |
| Total equity and liabilities | 10/49 | €4,840,431 | €6,212,330 | +€1.4m | +28.3% |
| Equity | 10/15 | €1,480,631 | €2,490,139 | +€1.0m | +68.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,463,771 | €2,473,279 | +€1.0m | +69.0% |
| Amounts payable | 17/49 | €3,359,800 | €3,722,191 | +€362,391 | +10.8% |
| Amounts payable after more than one year | 17 | €40,000 | €0 | -€40,000 | -100.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €40,000 | €0 | -€40,000 | -100.0% |
| Amounts payable within one year | 42/48 | €3,250,608 | €3,683,086 | +€432,477 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,568,887 | €2,739,923 | +€1.2m | +74.6% |
| Suppliers | 440/4 | €1,568,887 | €2,739,923 | +€1.2m | +74.6% |
| Taxes, remuneration and social security | 45 | €265,676 | €266,350 | +€675 | +0.3% |
| Taxes | 450/3 | €88,296 | €92,094 | +€3,798 | +4.3% |
| Remuneration and social security | 454/9 | €177,380 | €174,256 | -€3,124 | -1.8% |
| Other amounts payable | 47/48 | €1,416,046 | €676,813 | -€739,233 | -52.2% |
| Accrued charges and deferred income | 492/3 | €69,191 | €39,105 | -€30,086 | -43.5% |
| Remuneration, social security and pensions | 62 | €2,077,848 | €2,186,307 | +€108,459 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,372 | €25,802 | +€5,430 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €108,750 | €0 | -€108,750 | -100.0% |
| Other operating charges | 640/8 | €5,325 | €11,531 | +€6,206 | +116.5% |
| Gross operating margin | 9900 | €3,000,391 | €3,666,798 | +€666,407 | +22.2% |
| Operating profit (loss) | 9901 | €788,096 | €1,443,157 | +€655,061 | +83.1% |
| Financial income | 75/76B | €15,236 | €17,122 | +€1,887 | +12.4% |
| Recurring financial income | 75 | €15,236 | €17,122 | +€1,887 | +12.4% |
| Financial charges | 65/66B | €76,032 | €58,996 | -€17,036 | -22.4% |
| Recurring financial charges | 65 | €76,032 | €58,996 | -€17,036 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €727,299 | €1,401,283 | +€673,984 | +92.7% |
| Income taxes | 67/77 | €217,831 | €391,775 | +€173,943 | +79.9% |
| Profit (loss) for the period | 9904 | €509,468 | €1,009,508 | +€500,040 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €509,468 | €1,009,508 | +€500,040 | +98.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.