MINDSPELLER: 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.
MINDSPELLER
Largest movements
- Intangible fixed assets -€70,834
down €70,834 (-13.1%), from €541,867 to €471,033
- Financial fixed assets -€22,318
down €22,318 (-3.3%), from €668,920 to €646,602
- Debts after one year +€1.0m
up €1.0m, from €0 to €1.0m
- Current portion of long-term debt -€984,559
down €984,559 (-100%), from €984,559 to €0
- Profit (loss) carried forward -€133,608
down €133,608 (-12.1%), from -€1.1m to -€1.2m
- Other debts -€41,339
down €41,339 (-69.7%), from €59,306 to €17,966
- Accrued charges and deferred income +€39,798
up €39,798 (+488%), from €8,151 to €47,949
- Depreciation +€39,808
up €39,808 (+36.0%), from €110,514 to €150,321
- Staff costs -€22,432
down €22,432 (-44.6%), from €50,329 to €27,897
- Gross operating margin -€21,358
down €21,358 (-15.7%), from €135,707 to €114,348
- Financial charges +€20,109
up €20,109 (+41.0%), from €49,005 to €69,113
of which Non-recurring financial charges: +€22,318
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 | €1,250,158 | €1,163,208 | -€86,950 | -7.0% |
| Fixed assets | 21/28 | €1,213,995 | €1,118,981 | -€95,014 | -7.8% |
| Intangible fixed assets | 21 | €541,867 | €471,033 | -€70,834 | -13.1% |
| Tangible fixed assets | 22/27 | €3,209 | €1,347 | -€1,862 | -58.0% |
| Furniture and vehicles | 24 | €3,209 | €1,347 | -€1,862 | -58.0% |
| Financial fixed assets | 28 | €668,920 | €646,602 | -€22,318 | -3.3% |
| Current assets | 29/58 | €36,163 | €44,227 | +€8,064 | +22.3% |
| Amounts receivable within one year | 40/41 | €4,002 | €8,853 | +€4,851 | +121% |
| Trade receivables | 40 | €4,002 | €1,352 | -€2,650 | -66.2% |
| Other amounts receivable | 41 | €0 | €7,501 | +€7,501 | |
| Cash at bank and in hand | 54/58 | €29,239 | €32,371 | +€3,132 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,922 | €3,002 | +€80 | +2.7% |
| Total equity and liabilities | 10/49 | €1,250,158 | €1,163,208 | -€86,950 | -7.0% |
| Equity | 10/15 | €178,396 | €44,788 | -€133,608 | -74.9% |
| Contributions | 10/11 | €647,452 | €647,452 | = | 0.0% |
| Revaluation surpluses | 12 | €639,221 | €639,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,108,277 | -€1,241,885 | -€133,608 | -12.1% |
| Amounts payable | 17/49 | €1,071,762 | €1,118,420 | +€46,658 | +4.4% |
| Amounts payable after more than one year | 17 | €0 | €1,028,559 | +€1.0m | |
| Financial debts | 170/4 | €0 | €1,028,559 | +€1.0m | |
| Amounts payable within one year | 42/48 | €1,063,611 | €41,912 | -€1.0m | -96.1% |
| Current portion of amounts payable after more than one year | 42 | €984,559 | €0 | -€984,559 | -100% |
| Financial debts | 43 | €157 | €142 | -€14 | -9.2% |
| Credit institutions | 430/8 | €157 | €142 | -€14 | -9.2% |
| Trade debts | 44 | €12,099 | €22,455 | +€10,356 | +85.6% |
| Suppliers | 440/4 | €12,099 | €22,455 | +€10,356 | +85.6% |
| Taxes, remuneration and social security | 45 | €7,490 | €1,348 | -€6,142 | -82.0% |
| Taxes | 450/3 | €3,416 | €654 | -€2,761 | -80.8% |
| Remuneration and social security | 454/9 | €4,074 | €694 | -€3,381 | -83.0% |
| Other amounts payable | 47/48 | €59,306 | €17,966 | -€41,339 | -69.7% |
| Accrued charges and deferred income | 492/3 | €8,151 | €47,949 | +€39,798 | +488% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,329 | €27,897 | -€22,432 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,514 | €150,321 | +€39,808 | +36.0% |
| Other operating charges | 640/8 | €0 | €446 | +€446 | |
| Non-recurring operating charges | 66A | - | €11 | +€11 | |
| Gross operating margin | 9900 | €135,707 | €114,348 | -€21,358 | -15.7% |
| Operating profit (loss) | 9901 | -€25,136 | -€64,327 | -€39,191 | -156% |
| Financial income | 75/76B | €173 | €167 | -€5 | -2.9% |
| Recurring financial income | 75 | €173 | €167 | -€5 | -2.9% |
| Financial charges | 65/66B | €49,005 | €69,113 | +€20,109 | +41.0% |
| Recurring financial charges | 65 | €49,005 | €46,795 | -€2,210 | -4.5% |
| Non-recurring financial charges | 66B | - | €22,318 | +€22,318 | |
| Profit (loss) for the period before taxes | 9903 | -€73,968 | -€133,273 | -€59,305 | -80.2% |
| Income taxes | 67/77 | €320 | €335 | +€15 | +4.7% |
| Profit (loss) for the period | 9904 | -€74,288 | -€133,608 | -€59,320 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,288 | -€133,608 | -€59,320 | -79.9% |
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 27 October 2026 via checked.be.