MINDTACK: 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.
MINDTACK
Largest movements
- Cash +€9,546
up €9,546 (+49.6%), from €19,258 to €28,803
mainly Depreciation (+€23,954) and Net result for the year (+€22,425)
- Tangible fixed assets +€6,715
up €6,715 (+11.8%), from €56,683 to €63,398
of which Other tangible fixed assets: +€7,850
- Receivables within one year +€5,632
up €5,632 (+25.9%), from €21,760 to €27,391
of which Other amounts receivable: +€5,822
- Reserves +€21,592
up €21,592 (+57.2%), from €37,764 to €59,356
- Debts after one year -€9,334
down €9,334 (-27.8%), from €33,558 to €24,224
- Current portion of long-term debt +€6,366
up €6,366 (+38.9%), from €16,362 to €22,728
- Trade debts +€2,208
up €2,208 (+41.9%), from €5,268 to €7,476
- Gross operating margin +€8,494
up €8,494 (+12.9%), from €65,653 to €74,147
- Staff costs +€6,584
up €6,584 (+84.3%), from €7,813 to €14,397
- Depreciation +€4,749
up €4,749 (+24.7%), from €19,205 to €23,954
- Taxes +€2,101
up €2,101 (+26.5%), from €7,925 to €10,025
- Other operating charges +€960
up €960 (+762.2%), from €126 to €1,086
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,991 | €123,919 | +€21,928 | +21.5% |
| Fixed assets | 21/28 | €56,998 | €63,713 | +€6,715 | +11.8% |
| Tangible fixed assets | 22/27 | €56,683 | €63,398 | +€6,715 | +11.8% |
| Plant, machinery and equipment | 23 | - | €903 | +€903 | |
| Furniture and vehicles | 24 | €56,683 | €54,645 | -€2,038 | -3.6% |
| Other tangible fixed assets | 26 | - | €7,850 | +€7,850 | |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €44,993 | €60,207 | +€15,213 | +33.8% |
| Amounts receivable within one year | 40/41 | €21,760 | €27,391 | +€5,632 | +25.9% |
| Trade receivables | 40 | €18,499 | €18,309 | -€190 | -1.0% |
| Other amounts receivable | 41 | €3,260 | €9,082 | +€5,822 | +178.6% |
| Cash at bank and in hand | 54/58 | €19,258 | €28,803 | +€9,546 | +49.6% |
| Deferred charges and accrued income | 490/1 | €3,976 | €4,012 | +€36 | +0.9% |
| Total equity and liabilities | 10/49 | €101,991 | €123,919 | +€21,928 | +21.5% |
| Equity | 10/15 | €37,884 | €59,476 | +€21,592 | +57.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €37,764 | €59,356 | +€21,592 | +57.2% |
| Distributable reserves | 133 | €37,764 | €59,356 | +€21,592 | +57.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,107 | €64,443 | +€336 | +0.5% |
| Amounts payable after more than one year | 17 | €33,558 | €24,224 | -€9,334 | -27.8% |
| Financial debts | 170/4 | €33,558 | €24,224 | -€9,334 | -27.8% |
| Amounts payable within one year | 42/48 | €30,549 | €40,219 | +€9,670 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €16,362 | €22,728 | +€6,366 | +38.9% |
| Trade debts | 44 | €5,268 | €7,476 | +€2,208 | +41.9% |
| Suppliers | 440/4 | €5,268 | €7,476 | +€2,208 | +41.9% |
| Taxes, remuneration and social security | 45 | €8,919 | €9,432 | +€513 | +5.7% |
| Taxes | 450/3 | €7,315 | €9,087 | +€1,773 | +24.2% |
| Remuneration and social security | 454/9 | €1,604 | €344 | -€1,260 | -78.6% |
| Other amounts payable | 47/48 | €0 | €583 | +€583 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €7,813 | €14,397 | +€6,584 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,205 | €23,954 | +€4,749 | +24.7% |
| Other operating charges | 640/8 | €126 | €1,086 | +€960 | +762.2% |
| Gross operating margin | 9900 | €65,653 | €74,147 | +€8,494 | +12.9% |
| Operating profit (loss) | 9901 | €38,509 | €34,709 | -€3,799 | -9.9% |
| Financial income | 75/76B | €55 | €436 | +€381 | +694.8% |
| Recurring financial income | 75 | €55 | €436 | +€381 | +694.8% |
| Financial charges | 65/66B | €2,898 | €2,695 | -€203 | -7.0% |
| Recurring financial charges | 65 | €2,898 | €2,695 | -€203 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €35,666 | €32,451 | -€3,215 | -9.0% |
| Income taxes | 67/77 | €7,925 | €10,025 | +€2,101 | +26.5% |
| Profit (loss) for the period | 9904 | €27,741 | €22,425 | -€5,316 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,741 | €22,425 | -€5,316 | -19.2% |
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 8 October 2026 via checked.be.