mindWORKS: 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.
mindWORKS
Largest movements
- Receivables within one year -€13,955
down €13,955 (-63.0%), from €22,153 to €8,198
of which Trade receivables: -€13,548
- Tangible fixed assets -€13,873
down €13,873 (-31.0%), from €44,726 to €30,852
of which Furniture and vehicles: -€10,356
- Cash +€910
up €910 (+64.0%), from €1,420 to €2,330
mainly Depreciation (+€14,822) and Receivables within one year (+€13,955)
- Profit (loss) carried forward -€13,297
down €13,297, from €0 to -€13,297
- Debts after one year -€9,828
down €9,828 (-70.8%), from €13,875 to €4,047
- Current portion of long-term debt -€2,346
down €2,346 (-19.3%), from €12,174 to €9,828
- Tax, wage and social debts -€2,189
down €2,189 (-55.5%), from €3,942 to €1,752
- Trade debts +€924
up €924 (+24.0%), from €3,846 to €4,770
- Gross operating margin -€14,699
down €14,699 (-80.6%), from €18,230 to €3,531
- Taxes -€903
down €903 (-82.7%), from €1,093 to €190
- Financial charges -€559
down €559 (-34.9%), from €1,602 to €1,044
- Other operating charges +€267
up €267 (+52.8%), from €505 to €772
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,994 | €41,680 | -€27,313 | -39.6% |
| Fixed assets | 21/28 | €44,726 | €30,852 | -€13,873 | -31.0% |
| Tangible fixed assets | 22/27 | €44,726 | €30,852 | -€13,873 | -31.0% |
| Plant, machinery and equipment | 23 | - | €791 | +€791 | |
| Furniture and vehicles | 24 | €21,531 | €11,175 | -€10,356 | -48.1% |
| Other tangible fixed assets | 26 | €23,195 | €18,887 | -€4,308 | -18.6% |
| Current assets | 29/58 | €24,268 | €10,828 | -€13,440 | -55.4% |
| Amounts receivable within one year | 40/41 | €22,153 | €8,198 | -€13,955 | -63.0% |
| Trade receivables | 40 | €21,746 | €8,198 | -€13,548 | -62.3% |
| Other amounts receivable | 41 | €407 | €0 | -€407 | -100% |
| Cash at bank and in hand | 54/58 | €1,420 | €2,330 | +€910 | +64.0% |
| Deferred charges and accrued income | 490/1 | €694 | €300 | -€394 | -56.8% |
| Total equity and liabilities | 10/49 | €68,994 | €41,680 | -€27,313 | -39.6% |
| Equity | 10/15 | €31,310 | €18,013 | -€13,297 | -42.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,110 | €25,110 | = | 0.0% |
| Distributable reserves | 133 | €25,110 | €25,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,297 | -€13,297 | |
| Amounts payable | 17/49 | €37,684 | €23,668 | -€14,016 | -37.2% |
| Amounts payable after more than one year | 17 | €13,875 | €4,047 | -€9,828 | -70.8% |
| Financial debts | 170/4 | €13,875 | €4,047 | -€9,828 | -70.8% |
| Amounts payable within one year | 42/48 | €23,809 | €19,621 | -€4,188 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €12,174 | €9,828 | -€2,346 | -19.3% |
| Trade debts | 44 | €3,846 | €4,770 | +€924 | +24.0% |
| Suppliers | 440/4 | €3,846 | €4,770 | +€924 | +24.0% |
| Taxes, remuneration and social security | 45 | €3,942 | €1,752 | -€2,189 | -55.5% |
| Taxes | 450/3 | €3,942 | €1,752 | -€2,189 | -55.5% |
| Other amounts payable | 47/48 | €3,847 | €3,270 | -€577 | -15.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,002 | €14,822 | -€180 | -1.2% |
| Other operating charges | 640/8 | €505 | €772 | +€267 | +52.8% |
| Gross operating margin | 9900 | €18,230 | €3,531 | -€14,699 | -80.6% |
| Operating profit (loss) | 9901 | €2,723 | -€12,064 | -€14,787 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,602 | €1,044 | -€559 | -34.9% |
| Recurring financial charges | 65 | €1,602 | €1,044 | -€559 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €1,124 | -€13,108 | -€14,231 | |
| Income taxes | 67/77 | €1,093 | €190 | -€903 | -82.7% |
| Profit (loss) for the period | 9904 | €31 | -€13,297 | -€13,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €31 | -€13,297 | -€13,328 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.