MINDSPACE: 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.
What changed
MINDSPACE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€77,119
2024 · €61,874+€15,245
Equity
€912,337
2024 · €893,986+€18,350
Cash
€42,912
2024 · €34,540+€8,373
Balance sheet total
€1.5m
2024 · €1.5m-€47,695
Largest movements
Assets
- Financial fixed assets -€28,800
down €28,800 (-2.6%), from €1.1m to €1.1m
- Tangible fixed assets -€24,871
down €24,871 (-7.1%), from €350,274 to €325,403
Equity and liabilities
- Debts after one year -€64,705
down €64,705 (-16.4%), from €393,916 to €329,211
- Other debts +€35,407
up €35,407 (+135%), from €26,157 to €61,564
- Short-term financial debts -€24,550
down €24,550 (-21.5%), from €113,970 to €89,420
of which Other loans: -€13,158
- Reserves +€18,350
up €18,350 (+2.1%), from €881,586 to €899,937
of which Distributable reserves: +€18,350
Income statement
- Gross operating margin +€16,268
up €16,268 (+18.2%), from €89,219 to €105,486
- Depreciation -€7,202
down €7,202 (-21.6%), from €33,268 to €26,066
- Taxes +€4,619
up €4,619 (+31.6%), from €14,595 to €19,214
- Other operating charges +€2,631
up €2,631 (+54.9%), from €4,788 to €7,419
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.
Result 2024
€61,874
Gross operating margin
+€16,268
Depreciation
+€7,202
Other operating charges
-€2,631
Other operating items
-€117
Financial income
+€104
Financial charges
-€961
Taxes
-€4,619
Result 2025
€77,119
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€127,369
Investment
+€28,053
Financing
-€147,050
Cash 2024
€34,540
From operations (derived)
+€127,369
Net result for the year
+€77,119
Depreciation
+€26,066
Receivables within one year
+€299
Deferred charges and accrued income
+€1,650
Trade debts
-€6,601
Tax, wage and social debts
-€1,728
Other debts
+€35,407
Accrued charges and deferred income
-€4,842
Investment (derived)
+€28,053
Investment in fixed assets (net)
+€27,605
Current investments
+€448
Financing
-€147,050
Debts after one year
-€64,705
Current portion of long-term debt
+€975
Short-term financial debts
-€24,550
Contributions, distributions and other
-€58,769
Cash 2025
€42,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,535,002 | €1,487,307 | -€47,695 | -3.1% |
| Fixed assets | 21/28 | €1,454,441 | €1,400,770 | -€53,671 | -3.7% |
| Tangible fixed assets | 22/27 | €350,274 | €325,403 | -€24,871 | -7.1% |
| Land and buildings | 22 | €277,557 | €265,508 | -€12,049 | -4.3% |
| Plant, machinery and equipment | 23 | €11,589 | €9,836 | -€1,753 | -15.1% |
| Furniture and vehicles | 24 | €44,383 | €35,152 | -€9,231 | -20.8% |
| Other tangible fixed assets | 26 | €16,744 | €14,907 | -€1,837 | -11.0% |
| Financial fixed assets | 28 | €1,104,168 | €1,075,368 | -€28,800 | -2.6% |
| Current assets | 29/58 | €80,560 | €86,537 | +€5,976 | +7.4% |
| Amounts receivable within one year | 40/41 | €34,501 | €34,202 | -€299 | -0.9% |
| Trade receivables | 40 | €29,529 | €23,891 | -€5,638 | -19.1% |
| Other amounts receivable | 41 | €4,972 | €10,311 | +€5,339 | +107% |
| Current investments | 50/53 | €4,052 | €3,604 | -€448 | -11.1% |
| Cash at bank and in hand | 54/58 | €34,540 | €42,912 | +€8,373 | +24.2% |
| Deferred charges and accrued income | 490/1 | €7,468 | €5,818 | -€1,650 | -22.1% |
| Total equity and liabilities | 10/49 | €1,535,002 | €1,487,307 | -€47,695 | -3.1% |
| Equity | 10/15 | €893,986 | €912,337 | +€18,350 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €881,586 | €899,937 | +€18,350 | +2.1% |
| Tax-exempt reserves | 132 | €39,750 | €39,750 | = | 0.0% |
| Distributable reserves | 133 | €841,836 | €860,187 | +€18,350 | +2.2% |
| Amounts payable | 17/49 | €641,015 | €574,971 | -€66,045 | -10.3% |
| Amounts payable after more than one year | 17 | €393,916 | €329,211 | -€64,705 | -16.4% |
| Financial debts | 170/4 | €393,916 | €329,211 | -€64,705 | -16.4% |
| Amounts payable within one year | 42/48 | €227,626 | €231,128 | +€3,503 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €63,730 | €64,705 | +€975 | +1.5% |
| Financial debts | 43 | €113,970 | €89,420 | -€24,550 | -21.5% |
| Credit institutions | 430/8 | €85,970 | €74,578 | -€11,392 | -13.3% |
| Other loans | 439 | €28,000 | €14,842 | -€13,158 | -47.0% |
| Trade debts | 44 | €8,686 | €2,085 | -€6,601 | -76.0% |
| Suppliers | 440/4 | €8,686 | €2,085 | -€6,601 | -76.0% |
| Taxes, remuneration and social security | 45 | €15,082 | €13,354 | -€1,728 | -11.5% |
| Taxes | 450/3 | €15,082 | €10,789 | -€4,293 | -28.5% |
| Remuneration and social security | 454/9 | - | €2,565 | +€2,565 | |
| Other amounts payable | 47/48 | €26,157 | €61,564 | +€35,407 | +135% |
| Accrued charges and deferred income | 492/3 | €19,473 | €14,631 | -€4,842 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,268 | €26,066 | -€7,202 | -21.6% |
| Other operating charges | 640/8 | €4,788 | €7,419 | +€2,631 | +54.9% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €89,219 | €105,486 | +€16,268 | +18.2% |
| Operating profit (loss) | 9901 | €51,162 | €71,884 | +€20,722 | +40.5% |
| Financial income | 75/76B | €44,556 | €44,660 | +€104 | +0.2% |
| Recurring financial income | 75 | €44,556 | €44,660 | +€104 | +0.2% |
| Financial charges | 65/66B | €19,250 | €20,211 | +€961 | +5.0% |
| Recurring financial charges | 65 | €19,250 | €20,211 | +€961 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €76,468 | €96,332 | +€19,864 | +26.0% |
| Income taxes | 67/77 | €14,595 | €19,214 | +€4,619 | +31.6% |
| Profit (loss) for the period | 9904 | €61,874 | €77,119 | +€15,245 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,874 | €77,119 | +€15,245 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.