MINDWORX: 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.
MINDWORX
Largest movements
- Cash +€18,866
up €18,866 (+7.0%), from €269,028 to €287,894
mainly Net result for the year (+€33,476) and Other debts (+€18,649)
- Receivables within one year +€7,534
up €7,534 (+37.1%), from €20,329 to €27,863
of which Trade receivables: +€17,503
- Other debts +€18,649
up €18,649 (+133%), from €13,977 to €32,626
- Tax, wage and social debts +€4,124
up €4,124 (+41.1%), from €10,037 to €14,162
of which Taxes: +€4,135
- Short-term financial debts -€4,000
no longer reported in 2025 (was €4,000)
- Gross operating margin +€3,873
up €3,873 (+6.2%), from €62,426 to €66,299
- Taxes +€3,324
up €3,324 (+23.7%), from €14,032 to €17,355
- Depreciation +€1,582
up €1,582 (+16.7%), from €9,450 to €11,032
- Financial charges -€699
down €699 (-12.0%), from €5,826 to €5,127
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 | €344,292 | €366,907 | +€22,614 | +6.6% |
| Fixed assets | 21/28 | €54,205 | €50,934 | -€3,271 | -6.0% |
| Tangible fixed assets | 22/27 | €26,809 | €23,539 | -€3,271 | -12.2% |
| Plant, machinery and equipment | 23 | €5,525 | €4,642 | -€883 | -16.0% |
| Furniture and vehicles | 24 | €19,379 | €17,211 | -€2,168 | -11.2% |
| Other tangible fixed assets | 26 | €1,906 | €1,686 | -€220 | -11.5% |
| Financial fixed assets | 28 | €27,395 | €27,395 | = | 0.0% |
| Current assets | 29/58 | €290,088 | €315,973 | +€25,885 | +8.9% |
| Stocks and contracts in progress | 3 | €731 | - | -€731 | |
| Stocks | 30/36 | €731 | - | -€731 | |
| Amounts receivable within one year | 40/41 | €20,329 | €27,863 | +€7,534 | +37.1% |
| Trade receivables | 40 | €10,361 | €27,863 | +€17,503 | +169% |
| Other amounts receivable | 41 | €9,968 | - | -€9,968 | |
| Cash at bank and in hand | 54/58 | €269,028 | €287,894 | +€18,866 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €215 | +€215 | |
| Total equity and liabilities | 10/49 | €344,292 | €366,907 | +€22,614 | +6.6% |
| Equity | 10/15 | €314,276 | €317,751 | +€3,476 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308,076 | €311,551 | +€3,476 | +1.1% |
| Distributable reserves | 133 | €308,076 | €311,551 | +€3,476 | +1.1% |
| Amounts payable | 17/49 | €30,017 | €49,155 | +€19,139 | +63.8% |
| Amounts payable within one year | 42/48 | €30,017 | €49,155 | +€19,139 | +63.8% |
| Financial debts | 43 | €4,000 | - | -€4,000 | |
| Credit institutions | 430/8 | €4,000 | - | -€4,000 | |
| Trade debts | 44 | €2,002 | €2,367 | +€365 | +18.2% |
| Suppliers | 440/4 | €2,002 | €2,367 | +€365 | +18.2% |
| Taxes, remuneration and social security | 45 | €10,037 | €14,162 | +€4,124 | +41.1% |
| Taxes | 450/3 | €7,403 | €11,538 | +€4,135 | +55.9% |
| Remuneration and social security | 454/9 | €2,635 | €2,624 | -€11 | -0.4% |
| Other amounts payable | 47/48 | €13,977 | €32,626 | +€18,649 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,450 | €11,032 | +€1,582 | +16.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €62,426 | €66,299 | +€3,873 | +6.2% |
| Operating profit (loss) | 9901 | €52,471 | €54,747 | +€2,277 | +4.3% |
| Financial income | 75/76B | €601 | €1,211 | +€610 | +102% |
| Recurring financial income | 75 | €601 | €1,211 | +€610 | +102% |
| Financial charges | 65/66B | €5,826 | €5,127 | -€699 | -12.0% |
| Recurring financial charges | 65 | €5,826 | €5,127 | -€699 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €47,246 | €50,831 | +€3,585 | +7.6% |
| Income taxes | 67/77 | €14,032 | €17,355 | +€3,324 | +23.7% |
| Profit (loss) for the period | 9904 | €33,214 | €33,476 | +€262 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,214 | €33,476 | +€262 | +0.8% |
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 23 October 2026 via checked.be.