MINDUP: 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.
MINDUP
Largest movements
- Tangible fixed assets -€14,747
down €14,747 (-3.1%), from €483,366 to €468,620
of which Land and buildings: -€12,060
- Reserves +€33,190
up €33,190 (+15.4%), from €214,830 to €248,020
- Debts after one year -€21,163
down €21,163 (-10.4%), from €204,166 to €183,003
- Short-term financial debts -€14,000
down €14,000 (-52.8%), from €26,500 to €12,500
- Current portion of long-term debt -€6,646
down €6,646 (-23.9%), from €27,809 to €21,163
- Other debts -€6,054
down €6,054 (-30.6%), from €19,807 to €13,753
- Gross operating margin +€19,582
up €19,582 (+34.4%), from €56,951 to €76,533
- Taxes +€4,992
up €4,992 (+60.2%), from €8,287 to €13,279
- Other operating charges +€1,663
up €1,663 (+127%), from €1,314 to €2,977
- Depreciation +€1,442
up €1,442 (+8.7%), from €16,556 to €17,998
- Financial charges -€900
down €900 (-9.0%), from €9,980 to €9,080
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 | €518,425 | €504,930 | -€13,496 | -2.6% |
| Fixed assets | 21/28 | €483,366 | €468,620 | -€14,747 | -3.1% |
| Tangible fixed assets | 22/27 | €483,366 | €468,620 | -€14,747 | -3.1% |
| Land and buildings | 22 | €460,112 | €448,052 | -€12,060 | -2.6% |
| Plant, machinery and equipment | 23 | €22,097 | €18,751 | -€3,345 | -15.1% |
| Furniture and vehicles | 24 | €1,158 | €1,816 | +€658 | +56.9% |
| Current assets | 29/58 | €35,059 | €36,310 | +€1,251 | +3.6% |
| Amounts receivable within one year | 40/41 | €16,950 | €18,216 | +€1,266 | +7.5% |
| Trade receivables | 40 | €11,200 | €16,216 | +€5,016 | +44.8% |
| Other amounts receivable | 41 | €5,750 | €2,000 | -€3,750 | -65.2% |
| Cash at bank and in hand | 54/58 | €11,522 | €13,780 | +€2,258 | +19.6% |
| Deferred charges and accrued income | 490/1 | €6,587 | €4,314 | -€2,274 | -34.5% |
| Total equity and liabilities | 10/49 | €518,425 | €504,930 | -€13,496 | -2.6% |
| Equity | 10/15 | €221,040 | €254,239 | +€33,198 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €214,830 | €248,020 | +€33,190 | +15.4% |
| Distributable reserves | 133 | €214,830 | €248,020 | +€33,190 | +15.4% |
| Profit (loss) carried forward | 14 | €10 | €19 | +€8 | +79.0% |
| Amounts payable | 17/49 | €297,385 | €250,691 | -€46,694 | -15.7% |
| Amounts payable after more than one year | 17 | €204,166 | €183,003 | -€21,163 | -10.4% |
| Financial debts | 170/4 | €204,166 | €183,003 | -€21,163 | -10.4% |
| Amounts payable within one year | 42/48 | €90,751 | €65,207 | -€25,544 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €27,809 | €21,163 | -€6,646 | -23.9% |
| Financial debts | 43 | €26,500 | €12,500 | -€14,000 | -52.8% |
| Credit institutions | 430/8 | €26,500 | €12,500 | -€14,000 | -52.8% |
| Trade debts | 44 | €1,411 | €1,741 | +€330 | +23.4% |
| Suppliers | 440/4 | €1,411 | €1,741 | +€330 | +23.4% |
| Taxes, remuneration and social security | 45 | €15,224 | €16,050 | +€826 | +5.4% |
| Taxes | 450/3 | €12,224 | €13,050 | +€826 | +6.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €19,807 | €13,753 | -€6,054 | -30.6% |
| Accrued charges and deferred income | 492/3 | €2,469 | €2,481 | +€12 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,556 | €17,998 | +€1,442 | +8.7% |
| Other operating charges | 640/8 | €1,314 | €2,977 | +€1,663 | +127% |
| Gross operating margin | 9900 | €56,951 | €76,533 | +€19,582 | +34.4% |
| Operating profit (loss) | 9901 | €39,081 | €55,557 | +€16,477 | +42.2% |
| Financial charges | 65/66B | €9,980 | €9,080 | -€900 | -9.0% |
| Recurring financial charges | 65 | €9,980 | €9,080 | -€900 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €29,101 | €46,477 | +€17,377 | +59.7% |
| Income taxes | 67/77 | €8,287 | €13,279 | +€4,992 | +60.2% |
| Profit (loss) for the period | 9904 | €20,813 | €33,198 | +€12,385 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,813 | €33,198 | +€12,385 | +59.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.