MINDSETTING: 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.
MINDSETTING
Largest movements
- Receivables within one year -€49,778
down €49,778 (-23.6%), from €211,230 to €161,452
of which Trade receivables: -€52,662
- Cash +€38,154
up €38,154 (+20.9%), from €182,338 to €220,492
mainly Net result for the year (+€88,411) and Other debts (+€80,000)
- Tangible fixed assets -€21,580
down €21,580 (-43.3%), from €49,812 to €28,231
of which Furniture and vehicles: -€11,901
- Deferred charges and accrued income +€15,873
up €15,873 (+536.1%), from €2,961 to €18,834
- Profit (loss) carried forward -€86,589
down €86,589 (-39.9%), from €216,880 to €130,291
- Other debts +€80,000
up €80,000 (+84.2%), from €95,000 to €175,000
- Debts after one year -€6,797
down €6,797 (-49.7%), from €13,667 to €6,870
- Gross operating margin +€137,973
up €137,973 (+34.6%), from €398,762 to €536,735
- Staff costs +€80,328
up €80,328 (+41.5%), from €193,394 to €273,722
- Taxes +€15,451
up €15,451 (+33.0%), from €46,777 to €62,228
- Financial charges +€8,932
up €8,932 (+1227.2%), from €728 to €9,660
- Depreciation -€5,685
down €5,685 (-17.6%), from €32,278 to €26,593
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 | €446,341 | €429,009 | -€17,332 | -3.9% |
| Fixed assets | 21/28 | €49,812 | €28,231 | -€21,580 | -43.3% |
| Tangible fixed assets | 22/27 | €49,812 | €28,231 | -€21,580 | -43.3% |
| Land and buildings | 22 | €13,037 | €3,358 | -€9,679 | -74.2% |
| Furniture and vehicles | 24 | €36,775 | €24,873 | -€11,901 | -32.4% |
| Current assets | 29/58 | €396,529 | €400,778 | +€4,249 | +1.1% |
| Amounts receivable within one year | 40/41 | €211,230 | €161,452 | -€49,778 | -23.6% |
| Trade receivables | 40 | €210,783 | €158,121 | -€52,662 | -25.0% |
| Other amounts receivable | 41 | €447 | €3,330 | +€2,884 | +645.4% |
| Cash at bank and in hand | 54/58 | €182,338 | €220,492 | +€38,154 | +20.9% |
| Deferred charges and accrued income | 490/1 | €2,961 | €18,834 | +€15,873 | +536.1% |
| Total equity and liabilities | 10/49 | €446,341 | €429,009 | -€17,332 | -3.9% |
| Equity | 10/15 | €231,636 | €145,047 | -€86,589 | -37.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,356 | €2,356 | = | 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% |
| Tax-exempt reserves | 132 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,880 | €130,291 | -€86,589 | -39.9% |
| Amounts payable | 17/49 | €214,705 | €283,962 | +€69,257 | +32.3% |
| Amounts payable after more than one year | 17 | €13,667 | €6,870 | -€6,797 | -49.7% |
| Financial debts | 170/4 | €13,667 | €6,870 | -€6,797 | -49.7% |
| Amounts payable within one year | 42/48 | €201,038 | €277,092 | +€76,055 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €6,725 | €6,797 | +€72 | +1.1% |
| Financial debts | 43 | €10,753 | €14,064 | +€3,311 | +30.8% |
| Credit institutions | 430/8 | €10,753 | €14,064 | +€3,311 | +30.8% |
| Trade debts | 44 | €58,814 | €55,030 | -€3,784 | -6.4% |
| Suppliers | 440/4 | €58,814 | €55,030 | -€3,784 | -6.4% |
| Taxes, remuneration and social security | 45 | €29,745 | €26,200 | -€3,545 | -11.9% |
| Taxes | 450/3 | €27,420 | €26,200 | -€1,220 | -4.4% |
| Remuneration and social security | 454/9 | €2,325 | - | -€2,325 | |
| Other amounts payable | 47/48 | €95,000 | €175,000 | +€80,000 | +84.2% |
| Remuneration, social security and pensions | 62 | €193,394 | €273,722 | +€80,328 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,278 | €26,593 | -€5,685 | -17.6% |
| Other operating charges | 640/8 | €3,118 | €2,892 | -€226 | -7.2% |
| Non-recurring operating charges | 66A | - | €74,782 | +€74,782 | |
| Gross operating margin | 9900 | €398,762 | €536,735 | +€137,973 | +34.6% |
| Operating profit (loss) | 9901 | €169,972 | €158,746 | -€11,227 | -6.6% |
| Financial income | 75/76B | €72 | €1,554 | +€1,482 | +2059.1% |
| Recurring financial income | 75 | €72 | €1,554 | +€1,482 | +2059.1% |
| Financial charges | 65/66B | €728 | €9,660 | +€8,932 | +1227.2% |
| Recurring financial charges | 65 | €728 | €9,660 | +€8,932 | +1227.2% |
| Profit (loss) for the period before taxes | 9903 | €169,316 | €150,639 | -€18,677 | -11.0% |
| Income taxes | 67/77 | €46,777 | €62,228 | +€15,451 | +33.0% |
| Profit (loss) for the period | 9904 | €122,539 | €88,411 | -€34,128 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,539 | €88,411 | -€34,128 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.