MindX: what changed
Two fiscal 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.
MindX
Largest movements
- Receivables within one year -€11,360
down €11,360 (-39.2%), from €28,978 to €17,618
of which Trade receivables: -€12,031
- Tangible fixed assets -€6,421
down €6,421 (-18.8%), from €34,068 to €27,647
of which Furniture and vehicles: -€11,598
- Cash -€3,808
down €3,808 (-20.5%), from €18,532 to €14,724
mainly Trade debts (-€19,665) and Net result for the year (-€10,661)
- Trade debts -€19,665
down €19,665 (-56.5%), from €34,776 to €15,111
- Profit (loss) carried forward -€10,661
down €10,661 (-51.1%), from €20,881 to €10,220
- Other debts +€6,672
up €6,672 (+35.6%), from €18,752 to €25,424
- Tax, wage and social debts +€1,948
up €1,948 (+33.5%), from €5,821 to €7,769
- Gross operating margin -€26,588
down €26,588 (-90.1%), from €29,494 to €2,906
- Taxes -€4,829
down €4,829 (-93.4%), from €5,171 to €342
- Depreciation +€3,126
up €3,126 (+33.9%), from €9,234 to €12,360
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 | €81,730 | €60,214 | -€21,516 | -26.3% |
| Fixed assets | 21/28 | €34,068 | €27,647 | -€6,421 | -18.8% |
| Tangible fixed assets | 22/27 | €34,068 | €27,647 | -€6,421 | -18.8% |
| Plant, machinery and equipment | 23 | €451 | €8 | -€443 | -98.2% |
| Furniture and vehicles | 24 | €33,617 | €22,019 | -€11,598 | -34.5% |
| Other tangible fixed assets | 26 | - | €5,620 | +€5,620 | |
| Current assets | 29/58 | €47,662 | €32,567 | -€15,095 | -31.7% |
| Amounts receivable within one year | 40/41 | €28,978 | €17,618 | -€11,360 | -39.2% |
| Trade receivables | 40 | €22,481 | €10,450 | -€12,031 | -53.5% |
| Other amounts receivable | 41 | €6,497 | €7,168 | +€671 | +10.3% |
| Cash at bank and in hand | 54/58 | €18,532 | €14,724 | -€3,808 | -20.5% |
| Deferred charges and accrued income | 490/1 | €152 | €225 | +€73 | +48.0% |
| Total equity and liabilities | 10/49 | €81,730 | €60,214 | -€21,516 | -26.3% |
| Equity | 10/15 | €22,381 | €11,720 | -€10,661 | -47.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,881 | €10,220 | -€10,661 | -51.1% |
| Amounts payable | 17/49 | €59,349 | €48,494 | -€10,855 | -18.3% |
| Amounts payable within one year | 42/48 | €59,349 | €48,494 | -€10,855 | -18.3% |
| Financial debts | 43 | - | €190 | +€190 | |
| Credit institutions | 430/8 | - | €190 | +€190 | |
| Trade debts | 44 | €34,776 | €15,111 | -€19,665 | -56.5% |
| Suppliers | 440/4 | €34,776 | €15,111 | -€19,665 | -56.5% |
| Taxes, remuneration and social security | 45 | €5,821 | €7,769 | +€1,948 | +33.5% |
| Taxes | 450/3 | €5,821 | €7,769 | +€1,948 | +33.5% |
| Other amounts payable | 47/48 | €18,752 | €25,424 | +€6,672 | +35.6% |
| Non-recurring operating income | 76A | - | €2,159 | +€2,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €12,360 | +€3,126 | +33.9% |
| Other operating charges | 640/8 | €741 | €638 | -€103 | -13.9% |
| Non-recurring operating charges | 66A | €3 | €64 | +€61 | +2033.3% |
| Gross operating margin | 9900 | €29,494 | €2,906 | -€26,588 | -90.1% |
| Operating profit (loss) | 9901 | €19,516 | -€10,156 | -€29,672 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €142 | €176 | +€34 | +23.9% |
| Recurring financial charges | 65 | €142 | €176 | +€34 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €19,374 | -€10,319 | -€29,693 | |
| Income taxes | 67/77 | €5,171 | €342 | -€4,829 | -93.4% |
| Profit (loss) for the period | 9904 | €14,203 | -€10,661 | -€24,864 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,203 | -€10,661 | -€24,864 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.