MINDSTRETCH: 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.
What changed
MINDSTRETCH
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,979
2024 · -€534,463+€538,442
Equity
€229,399
2024 · €225,419+€3,979
Cash
€8,616
2024 · €12,445-€3,829
Balance sheet total
€1.3m
2024 · €1.5m-€179,129
Largest movements
Assets
- Receivables within one year -€152,715
down €152,715 (-97.8%), from €156,100 to €3,385
of which Trade receivables: -€152,715
- Tangible fixed assets -€22,596
down €22,596 (-1.7%), from €1.3m to €1.3m
of which Land and buildings: -€20,244
Equity and liabilities
- Provisions -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Debts after one year +€243,426
new in 2025: €243,426
- Other debts +€77,785
up €77,785 (+11.0%), from €705,458 to €783,244
- Trade debts -€60,999
down €60,999 (-75.1%), from €81,194 to €20,194
- Current portion of long-term debt +€56,574
up €56,574, from €0 to €56,574
Income statement
- Gross operating margin +€538,127
up €538,127 (+27650.7%), from €1,946 to €540,074
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
-€534,463
Gross operating margin
+€538,127
Depreciation
+€524
Other operating charges
-€815
Financial income
+€895
Financial charges
-€239
Taxes
-€50
Result 2025
€3,979
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.
From operations
-€294,697
Investment
-€9,132
Financing
+€300,000
Cash 2024
€12,445
From operations (derived)
-€294,697
Net result for the year
+€3,979
Depreciation
+€31,728
Receivables within one year
+€152,715
Smaller working-capital items
+€94
Provisions
-€500,000
Trade debts
-€60,999
Other debts
+€77,785
Investment (derived)
-€9,132
Investment in fixed assets (net)
-€9,132
Financing
+€300,000
Debts after one year
+€243,426
Current portion of long-term debt
+€56,574
Cash 2025
€8,616
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,512,681 | €1,333,551 | -€179,129 | -11.8% |
| Fixed assets | 21/28 | €1,343,099 | €1,320,503 | -€22,596 | -1.7% |
| Tangible fixed assets | 22/27 | €1,343,099 | €1,320,503 | -€22,596 | -1.7% |
| Land and buildings | 22 | €1,338,797 | €1,318,554 | -€20,244 | -1.5% |
| Furniture and vehicles | 24 | €4,301 | €1,949 | -€2,352 | -54.7% |
| Current assets | 29/58 | €169,582 | €13,049 | -€156,533 | -92.3% |
| Amounts receivable within one year | 40/41 | €156,100 | €3,385 | -€152,715 | -97.8% |
| Trade receivables | 40 | €156,100 | €3,385 | -€152,715 | -97.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,445 | €8,616 | -€3,829 | -30.8% |
| Deferred charges and accrued income | 490/1 | €1,036 | €1,047 | +€11 | +1.1% |
| Total equity and liabilities | 10/49 | €1,512,681 | €1,333,551 | -€179,129 | -11.8% |
| Equity | 10/15 | €225,419 | €229,399 | +€3,979 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €477,250 | €477,250 | = | 0.0% |
| Reserves | 13 | €65,804 | €65,804 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,604 | €59,604 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€379,634 | -€375,655 | +€3,979 | +1.0% |
| Provisions and deferred taxes | 16 | €500,000 | €0 | -€500,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €500,000 | €0 | -€500,000 | -100.0% |
| Environmental obligations | 163 | €500,000 | €0 | -€500,000 | -100.0% |
| Amounts payable | 17/49 | €787,261 | €1,104,152 | +€316,891 | +40.3% |
| Amounts payable after more than one year | 17 | - | €243,426 | +€243,426 | |
| Financial debts | 170/4 | - | €243,426 | +€243,426 | |
| Amounts payable within one year | 42/48 | €787,261 | €860,727 | +€73,465 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €56,574 | +€56,574 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €81,194 | €20,194 | -€60,999 | -75.1% |
| Suppliers | 440/4 | €81,194 | €20,194 | -€60,999 | -75.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €609 | €714 | +€105 | +17.2% |
| Taxes | 450/3 | €609 | €714 | +€105 | +17.2% |
| Other amounts payable | 47/48 | €705,458 | €783,244 | +€77,785 | +11.0% |
| Non-recurring operating income | 76A | €0 | €500,000 | +€500,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,252 | €31,728 | -€524 | -1.6% |
| Other operating charges | 640/8 | €3,423 | €4,239 | +€815 | +23.8% |
| Non-recurring operating charges | 66A | €500,000 | €500,000 | = | 0.0% |
| Gross operating margin | 9900 | €1,946 | €540,074 | +€538,127 | +27650.7% |
| Operating profit (loss) | 9901 | -€533,729 | €4,106 | +€537,836 | |
| Financial income | 75/76B | €2 | €897 | +€895 | +44288.1% |
| Recurring financial income | 75 | €2 | €897 | +€895 | +44288.1% |
| Financial charges | 65/66B | €519 | €757 | +€239 | +46.0% |
| Recurring financial charges | 65 | €519 | €757 | +€239 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€534,246 | €4,246 | +€538,492 | |
| Income taxes | 67/77 | €217 | €266 | +€50 | +22.9% |
| Profit (loss) for the period | 9904 | -€534,463 | €3,979 | +€538,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€534,463 | €3,979 | +€538,442 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.