MindWave Group: 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 Group
Largest movements
- Cash +€87,894
up €87,894 (+18.0%), from €489,567 to €577,461
mainly Net result for the year (+€170,992) and Other debts (+€73,182)
- Receivables within one year -€22,102
down €22,102 (-4.3%), from €511,946 to €489,844
of which Trade receivables: -€77,915
- Other debts +€73,182
up €73,182 (+74.8%), from €97,809 to €170,992
- Trade debts -€19,536
down €19,536 (-2.9%), from €682,526 to €662,989
- Financial income +€61,151
up €61,151 (+74.0%), from €82,593 to €143,744
- Gross operating margin +€23,417
up €23,417 (+22.3%), from €104,813 to €128,230
- Other operating charges +€5,609
up €5,609 (+407%), from €1,377 to €6,986
- Taxes +€3,725
up €3,725 (+41.6%), from €8,948 to €12,673
- Staff costs +€3,705
up €3,705 (+5.0%), from €73,552 to €77,257
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 | €1,087,453 | €1,143,634 | +€56,181 | +5.2% |
| Fixed assets | 21/28 | €35,155 | €33,716 | -€1,438 | -4.1% |
| Intangible fixed assets | 21 | €1,049 | €116 | -€933 | -88.9% |
| Tangible fixed assets | 22/27 | €505 | €0 | -€505 | -100% |
| Plant, machinery and equipment | 23 | €505 | €0 | -€505 | -100% |
| Financial fixed assets | 28 | €33,600 | €33,600 | = | 0.0% |
| Current assets | 29/58 | €1,052,298 | €1,109,918 | +€57,620 | +5.5% |
| Amounts receivable within one year | 40/41 | €511,946 | €489,844 | -€22,102 | -4.3% |
| Trade receivables | 40 | €429,382 | €351,467 | -€77,915 | -18.1% |
| Other amounts receivable | 41 | €82,564 | €138,377 | +€55,813 | +67.6% |
| Cash at bank and in hand | 54/58 | €489,567 | €577,461 | +€87,894 | +18.0% |
| Deferred charges and accrued income | 490/1 | €50,785 | €42,612 | -€8,173 | -16.1% |
| Total equity and liabilities | 10/49 | €1,087,453 | €1,143,634 | +€56,181 | +5.2% |
| Equity | 10/15 | €246,693 | €246,693 | = | 0.0% |
| Contributions | 10/11 | €60,500 | €60,500 | = | 0.0% |
| Reserves | 13 | €186,193 | €186,193 | = | 0.0% |
| Distributable reserves | 133 | €186,193 | €186,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €840,760 | €896,941 | +€56,181 | +6.7% |
| Amounts payable within one year | 42/48 | €840,534 | €896,941 | +€56,408 | +6.7% |
| Trade debts | 44 | €682,526 | €662,989 | -€19,536 | -2.9% |
| Suppliers | 440/4 | €682,526 | €662,989 | -€19,536 | -2.9% |
| Taxes, remuneration and social security | 45 | €60,199 | €62,960 | +€2,762 | +4.6% |
| Taxes | 450/3 | €49,647 | €51,679 | +€2,031 | +4.1% |
| Remuneration and social security | 454/9 | €10,551 | €11,282 | +€731 | +6.9% |
| Other amounts payable | 47/48 | €97,809 | €170,992 | +€73,182 | +74.8% |
| Accrued charges and deferred income | 492/3 | €227 | €0 | -€227 | -100% |
| Remuneration, social security and pensions | 62 | €73,552 | €77,257 | +€3,705 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,277 | €1,438 | -€839 | -36.8% |
| Other operating charges | 640/8 | €1,377 | €6,986 | +€5,609 | +407% |
| Gross operating margin | 9900 | €104,813 | €128,230 | +€23,417 | +22.3% |
| Operating profit (loss) | 9901 | €27,607 | €42,549 | +€14,942 | +54.1% |
| Financial income | 75/76B | €82,593 | €143,744 | +€61,151 | +74.0% |
| Recurring financial income | 75 | €82,593 | €143,744 | +€61,151 | +74.0% |
| Financial charges | 65/66B | €3,442 | €2,628 | -€814 | -23.7% |
| Recurring financial charges | 65 | €3,442 | €2,628 | -€814 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €106,758 | €183,665 | +€76,907 | +72.0% |
| Income taxes | 67/77 | €8,948 | €12,673 | +€3,725 | +41.6% |
| Profit (loss) for the period | 9904 | €97,809 | €170,992 | +€73,182 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,809 | €170,992 | +€73,182 | +74.8% |
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 16 October 2026 via checked.be.