MINDSHARE: 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.
MINDSHARE
Largest movements
- Current investments +€100,000
up €100,000 (+84.5%), from €118,397 to €218,397
- Receivables within one year -€48,958
down €48,958 (-87.9%), from €55,722 to €6,764
of which Trade receivables: -€49,778
- Cash +€16,267
up €16,267 (+12.5%), from €129,665 to €145,932
mainly Net result for the year (+€104,086) and Receivables within one year (+€48,958)
- Tangible fixed assets -€14,367
down €14,367 (-34.6%), from €41,573 to €27,206
- Reserves +€103,240
up €103,240 (+37.8%), from €273,278 to €376,518
of which Distributable reserves: +€103,240
- Other debts -€41,572
down €41,572 (-94.8%), from €43,871 to €2,299
- Tax, wage and social debts -€9,563
down €9,563 (-47.0%), from €20,349 to €10,786
- Trade debts +€5,036
up €5,036 (+96.0%), from €5,248 to €10,284
- Current portion of long-term debt -€4,223
down €4,223 (-100%), from €4,223 to €0
- Financial income +€23,774
up €23,774 (+692%), from €3,433 to €27,207
- Gross operating margin -€9,796
down €9,796 (-6.7%), from €146,430 to €136,634
- Financial charges -€2,215
down €2,215 (-50.8%), from €4,357 to €2,142
- Taxes -€1,530
down €1,530 (-3.5%), from €43,873 to €42,342
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 | €347,692 | €400,636 | +€52,944 | +15.2% |
| Fixed assets | 21/28 | €43,773 | €29,406 | -€14,367 | -32.8% |
| Tangible fixed assets | 22/27 | €41,573 | €27,206 | -€14,367 | -34.6% |
| Furniture and vehicles | 24 | €41,573 | €27,206 | -€14,367 | -34.6% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €303,919 | €371,230 | +€67,311 | +22.1% |
| Amounts receivable within one year | 40/41 | €55,722 | €6,764 | -€48,958 | -87.9% |
| Trade receivables | 40 | €55,722 | €5,944 | -€49,778 | -89.3% |
| Other amounts receivable | 41 | - | €820 | +€820 | |
| Current investments | 50/53 | €118,397 | €218,397 | +€100,000 | +84.5% |
| Cash at bank and in hand | 54/58 | €129,665 | €145,932 | +€16,267 | +12.5% |
| Deferred charges and accrued income | 490/1 | €135 | €137 | +€2 | +1.3% |
| Total equity and liabilities | 10/49 | €347,692 | €400,636 | +€52,944 | +15.2% |
| Equity | 10/15 | €273,613 | €376,866 | +€103,253 | +37.7% |
| Contributions | 10/11 | €144 | €144 | = | 0.0% |
| Reserves | 13 | €273,278 | €376,518 | +€103,240 | +37.8% |
| Tax-exempt reserves | 132 | €11,652 | €11,652 | = | 0.0% |
| Distributable reserves | 133 | €261,626 | €364,866 | +€103,240 | +39.5% |
| Profit (loss) carried forward | 14 | €192 | €205 | +€13 | +6.8% |
| Amounts payable | 17/49 | €74,079 | €23,770 | -€50,309 | -67.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,691 | €23,370 | -€50,321 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €4,223 | €0 | -€4,223 | -100% |
| Trade debts | 44 | €5,248 | €10,284 | +€5,036 | +96.0% |
| Suppliers | 440/4 | €5,248 | €10,284 | +€5,036 | +96.0% |
| Taxes, remuneration and social security | 45 | €20,349 | €10,786 | -€9,563 | -47.0% |
| Taxes | 450/3 | €20,349 | €10,786 | -€9,563 | -47.0% |
| Other amounts payable | 47/48 | €43,871 | €2,299 | -€41,572 | -94.8% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,367 | €14,367 | = | 0.0% |
| Other operating charges | 640/8 | €760 | €903 | +€143 | +18.8% |
| Gross operating margin | 9900 | €146,430 | €136,634 | -€9,796 | -6.7% |
| Operating profit (loss) | 9901 | €131,303 | €121,364 | -€9,939 | -7.6% |
| Financial income | 75/76B | €3,433 | €27,207 | +€23,774 | +692% |
| Recurring financial income | 75 | €3,433 | €27,207 | +€23,774 | +692% |
| Financial charges | 65/66B | €4,357 | €2,142 | -€2,215 | -50.8% |
| Recurring financial charges | 65 | €4,357 | €2,142 | -€2,215 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €130,379 | €146,428 | +€16,049 | +12.3% |
| Income taxes | 67/77 | €43,873 | €42,342 | -€1,530 | -3.5% |
| Profit (loss) for the period | 9904 | €86,506 | €104,086 | +€17,580 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,506 | €104,086 | +€17,580 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.