MINDUS: 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.
MINDUS
Largest movements
- Cash +€50,763
up €50,763 (+75.4%), from €67,335 to €118,099
mainly Other debts (+€82,736) and Net result for the year (+€68,450)
- Other debts +€82,736
up €82,736 (+349.3%), from €23,687 to €106,423
- Profit (loss) carried forward -€54,049
no longer reported in 2025 (was €54,049)
- Tax, wage and social debts +€21,345
up €21,345 (+173.5%), from €12,302 to €33,647
of which Taxes: +€24,595
- Trade debts -€2,175
down €2,175 (-85.1%), from €2,555 to €380
- Gross operating margin +€69,819
up €69,819 (+312.4%), from €22,351 to €92,170
- Taxes +€13,374
up €13,374 (+270.9%), from €4,937 to €18,311
- Financial charges +€2,619
up €2,619 (+315.3%), from €831 to €3,450
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 | €97,593 | €145,450 | +€47,857 | +49.0% |
| Fixed assets | 21/28 | €6,631 | €5,232 | -€1,399 | -21.1% |
| Tangible fixed assets | 22/27 | €6,631 | €5,232 | -€1,399 | -21.1% |
| Land and buildings | 22 | €2,686 | €2,311 | -€375 | -14.0% |
| Plant, machinery and equipment | 23 | €1,802 | €1,030 | -€772 | -42.9% |
| Furniture and vehicles | 24 | €2,143 | €1,892 | -€251 | -11.7% |
| Current assets | 29/58 | €90,963 | €140,218 | +€49,255 | +54.1% |
| Stocks and contracts in progress | 3 | €111 | - | -€111 | |
| Stocks | 30/36 | €111 | - | -€111 | |
| Amounts receivable within one year | 40/41 | €23,516 | €22,119 | -€1,397 | -5.9% |
| Trade receivables | 40 | €18,392 | €20,866 | +€2,474 | +13.5% |
| Other amounts receivable | 41 | €5,124 | €1,253 | -€3,872 | -75.6% |
| Cash at bank and in hand | 54/58 | €67,335 | €118,099 | +€50,763 | +75.4% |
| Total equity and liabilities | 10/49 | €97,593 | €145,450 | +€47,857 | +49.0% |
| Equity | 10/15 | €59,049 | €5,000 | -€54,049 | -91.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,049 | - | -€54,049 | |
| Amounts payable | 17/49 | €38,544 | €140,450 | +€101,906 | +264.4% |
| Amounts payable within one year | 42/48 | €38,544 | €140,450 | +€101,906 | +264.4% |
| Trade debts | 44 | €2,555 | €380 | -€2,175 | -85.1% |
| Suppliers | 440/4 | €2,555 | €380 | -€2,175 | -85.1% |
| Taxes, remuneration and social security | 45 | €12,302 | €33,647 | +€21,345 | +173.5% |
| Taxes | 450/3 | €9,052 | €33,647 | +€24,595 | +271.7% |
| Remuneration and social security | 454/9 | €3,250 | - | -€3,250 | |
| Other amounts payable | 47/48 | €23,687 | €106,423 | +€82,736 | +349.3% |
| Non-recurring operating income | 76A | - | €24,638 | +€24,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,837 | €1,399 | -€439 | -23.9% |
| Other operating charges | 640/8 | €894 | €561 | -€333 | -37.3% |
| Gross operating margin | 9900 | €22,351 | €92,170 | +€69,819 | +312.4% |
| Operating profit (loss) | 9901 | €19,619 | €90,211 | +€70,591 | +359.8% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €831 | €3,450 | +€2,619 | +315.3% |
| Recurring financial charges | 65 | €831 | €3,450 | +€2,619 | +315.3% |
| Profit (loss) for the period before taxes | 9903 | €18,794 | €86,761 | +€67,967 | +361.6% |
| Income taxes | 67/77 | €4,937 | €18,311 | +€13,374 | +270.9% |
| Profit (loss) for the period | 9904 | €13,857 | €68,450 | +€54,593 | +394.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,857 | €68,450 | +€54,593 | +394.0% |
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 12 October 2026 via checked.be.