Mindspring Padel: 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.
Mindspring Padel
Largest movements
- Intangible fixed assets +€3.2m
up €3.2m (+571%), from €560,503 to €3.8m
- Receivables within one year +€2.4m
up €2.4m (+4,217%), from €56,593 to €2.4m
of which Trade receivables: +€2.3m
- Stocks and contracts +€1.3m
up €1.3m (+110%), from €1.2m to €2.6m
of which Stocks: +€1.6m
- Financial fixed assets +€396,550
new in 2025: €396,550
- Receivables after one year +€314,255
up €314,255 (+449%), from €70,000 to €384,255
- Contributions +€5.6m
up €5.6m (+223,533%), from €2,500 to €5.6m
- Trade debts +€2.6m
up €2.6m (+21,999%), from €11,837 to €2.6m
- Profit (loss) carried forward -€157,442
down €157,442 (-94.9%), from -€165,906 to -€323,348
- Debts after one year -€100,270
down €100,270 (-4.8%), from €2.1m to €2.0m
- Depreciation +€284,137
up €284,137 (+607%), from €46,808 to €330,945
- Gross operating margin +€222,699
up €222,699, from -€6,499 to €216,200
- Financial charges -€100,546
down €100,546 (-90.4%), from €111,183 to €10,636
- Other operating charges +€34,946
up €34,946 (+33,124%), from €106 to €35,052
- Financial income +€2,991
new in 2025: €2,991
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 | €1,953,799 | €9,884,378 | +€7.9m | +406% |
| Fixed assets | 21/28 | €595,155 | €4,155,943 | +€3.6m | +598% |
| Intangible fixed assets | 21 | €560,503 | €3,759,393 | +€3.2m | +571% |
| Tangible fixed assets | 22/27 | €34,652 | - | -€34,652 | |
| Plant, machinery and equipment | 23 | €34,652 | - | -€34,652 | |
| Financial fixed assets | 28 | - | €396,550 | +€396,550 | |
| Current assets | 29/58 | €1,358,643 | €5,728,434 | +€4.4m | +322% |
| Amounts receivable after more than one year | 29 | €70,000 | €384,255 | +€314,255 | +449% |
| Trade receivables | 290 | €70,000 | €384,255 | +€314,255 | +449% |
| Stocks and contracts in progress | 3 | €1,232,050 | €2,581,230 | +€1.3m | +110% |
| Stocks | 30/36 | - | €1,595,590 | +€1.6m | |
| Contracts in progress | 37 | €1,232,050 | €985,640 | -€246,410 | -20.0% |
| Amounts receivable within one year | 40/41 | €56,593 | €2,443,186 | +€2.4m | +4,217% |
| Trade receivables | 40 | €50,135 | €2,316,041 | +€2.3m | +4,520% |
| Other amounts receivable | 41 | €6,458 | €127,145 | +€120,687 | +1,869% |
| Cash at bank and in hand | 54/58 | - | €143,564 | +€143,564 | |
| Deferred charges and accrued income | 490/1 | - | €176,199 | +€176,199 | |
| Total equity and liabilities | 10/49 | €1,953,799 | €9,884,378 | +€7.9m | +406% |
| Equity | 10/15 | -€163,406 | €5,267,471 | +€5.4m | |
| Contributions | 10/11 | €2,500 | €5,590,819 | +€5.6m | +223,533% |
| Profit (loss) carried forward | 14 | -€165,906 | -€323,348 | -€157,442 | -94.9% |
| Amounts payable | 17/49 | €2,117,204 | €4,616,906 | +€2.5m | +118% |
| Amounts payable after more than one year | 17 | €2,100,270 | €2,000,000 | -€100,270 | -4.8% |
| Financial debts | 170/4 | €2,100,270 | €2,000,000 | -€100,270 | -4.8% |
| Amounts payable within one year | 42/48 | €16,934 | €2,616,906 | +€2.6m | +15,353% |
| Current portion of amounts payable after more than one year | 42 | €1,872 | - | -€1,872 | |
| Trade debts | 44 | €11,837 | €2,615,953 | +€2.6m | +21,999% |
| Suppliers | 440/4 | €11,837 | €2,615,953 | +€2.6m | +21,999% |
| Taxes, remuneration and social security | 45 | €3,030 | - | -€3,030 | |
| Taxes | 450/3 | €3,030 | - | -€3,030 | |
| Other amounts payable | 47/48 | €196 | €954 | +€758 | +388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,808 | €330,945 | +€284,137 | +607% |
| Other operating charges | 640/8 | €106 | €35,052 | +€34,946 | +33,124% |
| Gross operating margin | 9900 | -€6,499 | €216,200 | +€222,699 | |
| Operating profit (loss) | 9901 | -€53,413 | -€149,797 | -€96,384 | -180% |
| Financial income | 75/76B | - | €2,991 | +€2,991 | |
| Recurring financial income | 75 | - | €2,991 | +€2,991 | |
| Financial charges | 65/66B | €111,183 | €10,636 | -€100,546 | -90.4% |
| Recurring financial charges | 65 | €111,183 | €10,636 | -€100,546 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€164,595 | -€157,442 | +€7,153 | +4.3% |
| Profit (loss) for the period | 9904 | -€164,595 | -€157,442 | +€7,153 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,595 | -€157,442 | +€7,153 | +4.3% |
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 17 October 2026 via checked.be.