MindWave Coop: 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.
MindWave Coop
Largest movements
- Receivables within one year -€69,135
down €69,135 (-25.2%), from €273,813 to €204,679
of which Trade receivables: -€69,752
- Cash -€65,412
down €65,412 (-70.9%), from €92,295 to €26,883
mainly Trade debts (-€101,226) and Contributions, distributions and other (-€39,156)
- Trade debts -€101,226
down €101,226 (-33.8%), from €299,138 to €197,912
- Reserves -€29,007
down €29,007 (-74.1%), from €39,156 to €10,149
- Tax, wage and social debts -€4,313
down €4,313 (-17.4%), from €24,815 to €20,502
- Gross operating margin -€3,925
down €3,925 (-21.8%), from €17,973 to €14,049
- Taxes -€912
down €912 (-21.2%), from €4,295 to €3,383
- Other operating charges -€198
down €198 (-28.9%), from €686 to €487
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 | €366,108 | €231,562 | -€134,546 | -36.8% |
| Current assets | 29/58 | €366,108 | €231,562 | -€134,546 | -36.8% |
| Amounts receivable within one year | 40/41 | €273,813 | €204,679 | -€69,135 | -25.2% |
| Trade receivables | 40 | €273,813 | €204,062 | -€69,752 | -25.5% |
| Other amounts receivable | 41 | €0 | €617 | +€617 | |
| Cash at bank and in hand | 54/58 | €92,295 | €26,883 | -€65,412 | -70.9% |
| Total equity and liabilities | 10/49 | €366,108 | €231,562 | -€134,546 | -36.8% |
| Equity | 10/15 | €42,156 | €13,149 | -€29,007 | -68.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,156 | €10,149 | -€29,007 | -74.1% |
| Distributable reserves | 133 | €39,156 | €10,149 | -€29,007 | -74.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €323,953 | €218,414 | -€105,539 | -32.6% |
| Amounts payable within one year | 42/48 | €323,953 | €218,414 | -€105,539 | -32.6% |
| Trade debts | 44 | €299,138 | €197,912 | -€101,226 | -33.8% |
| Suppliers | 440/4 | €299,138 | €197,912 | -€101,226 | -33.8% |
| Taxes, remuneration and social security | 45 | €24,815 | €20,502 | -€4,313 | -17.4% |
| Taxes | 450/3 | €24,815 | €20,502 | -€4,313 | -17.4% |
| Other operating charges | 640/8 | €686 | €487 | -€198 | -28.9% |
| Gross operating margin | 9900 | €17,973 | €14,049 | -€3,925 | -21.8% |
| Operating profit (loss) | 9901 | €17,288 | €13,561 | -€3,726 | -21.6% |
| Financial charges | 65/66B | €107 | €30 | -€77 | -72.0% |
| Recurring financial charges | 65 | €107 | €30 | -€77 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €17,181 | €13,531 | -€3,649 | -21.2% |
| Income taxes | 67/77 | €4,295 | €3,383 | -€912 | -21.2% |
| Profit (loss) for the period | 9904 | €12,885 | €10,149 | -€2,737 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,885 | €10,149 | -€2,737 | -21.2% |
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 22 October 2026 via checked.be.