Mndshft: 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.
Mndshft
Largest movements
- Tangible fixed assets +€9,674
up €9,674 (+52.6%), from €18,387 to €28,061
of which Plant, machinery and equipment: +€12,774
- Receivables within one year +€8,182
up €8,182 (+47.6%), from €17,193 to €25,375
of which Trade receivables: +€7,647
- Cash +€6,812
up €6,812 (+18.1%), from €37,545 to €44,357
mainly Net result for the year (+€36,829) and Trade debts (+€6,553)
- Reserves +€36,829
up €36,829 (+383.1%), from €9,613 to €46,442
- Other debts -€23,897
down €23,897 (-95.0%), from €25,157 to €1,260
- Trade debts +€6,553
up €6,553 (+640.9%), from €1,022 to €7,575
- Debts after one year +€4,924
up €4,924 (+43.5%), from €11,325 to €16,248
- Gross operating margin +€14,126
up €14,126 (+34.6%), from €40,842 to €54,968
- Taxes +€2,180
up €2,180 (+28.2%), from €7,730 to €9,910
- Depreciation +€1,150
up €1,150 (+26.1%), from €4,401 to €5,550
- Financial charges +€850
up €850 (+51.5%), from €1,651 to €2,501
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,875 | €105,596 | +€24,721 | +30.6% |
| Fixed assets | 21/28 | €18,387 | €28,061 | +€9,674 | +52.6% |
| Tangible fixed assets | 22/27 | €18,387 | €28,061 | +€9,674 | +52.6% |
| Plant, machinery and equipment | 23 | €10,327 | €23,101 | +€12,774 | +123.7% |
| Furniture and vehicles | 24 | €8,060 | €4,960 | -€3,100 | -38.5% |
| Current assets | 29/58 | €62,488 | €77,535 | +€15,047 | +24.1% |
| Amounts receivable within one year | 40/41 | €17,193 | €25,375 | +€8,182 | +47.6% |
| Trade receivables | 40 | €11,616 | €19,263 | +€7,647 | +65.8% |
| Other amounts receivable | 41 | €5,577 | €6,112 | +€535 | +9.6% |
| Current investments | 50/53 | €7,023 | €7,076 | +€53 | +0.7% |
| Cash at bank and in hand | 54/58 | €37,545 | €44,357 | +€6,812 | +18.1% |
| Deferred charges and accrued income | 490/1 | €726 | €726 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,875 | €105,596 | +€24,721 | +30.6% |
| Equity | 10/15 | €28,213 | €65,042 | +€36,829 | +130.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,613 | €46,442 | +€36,829 | +383.1% |
| Distributable reserves | 133 | €9,613 | €46,442 | +€36,829 | +383.1% |
| Amounts payable | 17/49 | €52,663 | €40,554 | -€12,109 | -23.0% |
| Amounts payable after more than one year | 17 | €11,325 | €16,248 | +€4,924 | +43.5% |
| Financial debts | 170/4 | €11,325 | €16,248 | +€4,924 | +43.5% |
| Amounts payable within one year | 42/48 | €41,338 | €24,306 | -€17,032 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €8,838 | €8,467 | -€371 | -4.2% |
| Trade debts | 44 | €1,022 | €7,575 | +€6,553 | +640.9% |
| Suppliers | 440/4 | €1,022 | €7,575 | +€6,553 | +640.9% |
| Taxes, remuneration and social security | 45 | €6,321 | €7,004 | +€683 | +10.8% |
| Taxes | 450/3 | €4,171 | €4,829 | +€658 | +15.8% |
| Remuneration and social security | 454/9 | €2,150 | €2,175 | +€25 | +1.2% |
| Other amounts payable | 47/48 | €25,157 | €1,260 | -€23,897 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,401 | €5,550 | +€1,150 | +26.1% |
| Other operating charges | 640/8 | €617 | €259 | -€358 | -58.1% |
| Gross operating margin | 9900 | €40,842 | €54,968 | +€14,126 | +34.6% |
| Operating profit (loss) | 9901 | €35,825 | €49,159 | +€13,335 | +37.2% |
| Financial income | 75/76B | €25 | €81 | +€57 | +229.6% |
| Recurring financial income | 75 | €25 | €81 | +€57 | +229.6% |
| Financial charges | 65/66B | €1,651 | €2,501 | +€850 | +51.5% |
| Recurring financial charges | 65 | €1,651 | €2,501 | +€850 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €34,198 | €46,740 | +€12,542 | +36.7% |
| Income taxes | 67/77 | €7,730 | €9,910 | +€2,180 | +28.2% |
| Profit (loss) for the period | 9904 | €26,468 | €36,829 | +€10,361 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,468 | €36,829 | +€10,361 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.