MYND: 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.
MYND
Largest movements
- Tangible fixed assets -€30,253
down €30,253 (-29.8%), from €101,445 to €71,192
of which Furniture and vehicles: -€26,639
- Receivables within one year +€9,947
up €9,947 (+144.3%), from €6,891 to €16,838
of which Trade receivables: +€14,419
- Cash -€7,402
down €7,402 (-25.4%), from €29,134 to €21,732
mainly Net result for the year (-€32,793) and Debts after one year (-€10,088)
- Profit (loss) carried forward -€21,900
down €21,900, from €0 to -€21,900
- Other debts +€18,272
up €18,272 (+29.9%), from €61,015 to €79,287
- Reserves -€10,893
down €10,893 (-84.6%), from €12,880 to €1,987
of which Distributable reserves: -€10,720
- Debts after one year -€10,088
down €10,088 (-35.0%), from €28,806 to €18,718
- Short-term financial debts -€5,090
down €5,090 (-100.0%), from €5,090 to €0
- Gross operating margin -€51,961
down €51,961, from €46,516 to -€5,445
- Depreciation -€6,023
down €6,023 (-20.4%), from €29,515 to €23,492
- Taxes -€4,417
down €4,417 (-91.0%), from €4,856 to €438
- Financial income -€2,968
down €2,968 (-100.0%), from €2,968 to €1
- Financial charges -€789
down €789 (-29.6%), from €2,667 to €1,879
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 | €142,998 | €114,677 | -€28,322 | -19.8% |
| Fixed assets | 21/28 | €101,445 | €71,192 | -€30,253 | -29.8% |
| Tangible fixed assets | 22/27 | €101,445 | €71,192 | -€30,253 | -29.8% |
| Plant, machinery and equipment | 23 | €1,587 | €1,412 | -€175 | -11.0% |
| Furniture and vehicles | 24 | €78,261 | €51,622 | -€26,639 | -34.0% |
| Other tangible fixed assets | 26 | €21,597 | €18,157 | -€3,439 | -15.9% |
| Current assets | 29/58 | €41,553 | €43,485 | +€1,932 | +4.6% |
| Amounts receivable within one year | 40/41 | €6,891 | €16,838 | +€9,947 | +144.3% |
| Trade receivables | 40 | €1,857 | €16,276 | +€14,419 | +776.6% |
| Other amounts receivable | 41 | €5,034 | €562 | -€4,473 | -88.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,134 | €21,732 | -€7,402 | -25.4% |
| Deferred charges and accrued income | 490/1 | €5,528 | €4,916 | -€613 | -11.1% |
| Total equity and liabilities | 10/49 | €142,998 | €114,677 | -€28,322 | -19.8% |
| Equity | 10/15 | €31,480 | -€1,313 | -€32,793 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,880 | €1,987 | -€10,893 | -84.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €300 | €127 | -€173 | -57.6% |
| Distributable reserves | 133 | €10,720 | €0 | -€10,720 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€21,900 | -€21,900 | |
| Provisions and deferred taxes | 16 | €75 | €32 | -€43 | -57.6% |
| Deferred taxes | 168 | €75 | €32 | -€43 | -57.6% |
| Amounts payable | 17/49 | €111,443 | €115,958 | +€4,515 | +4.1% |
| Amounts payable after more than one year | 17 | €28,806 | €18,718 | -€10,088 | -35.0% |
| Financial debts | 170/4 | €28,806 | €18,718 | -€10,088 | -35.0% |
| Amounts payable within one year | 42/48 | €82,637 | €97,065 | +€14,428 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €11,378 | €10,088 | -€1,290 | -11.3% |
| Financial debts | 43 | €5,090 | €0 | -€5,090 | -100.0% |
| Credit institutions | 430/8 | €5,090 | €0 | -€5,090 | -100.0% |
| Trade debts | 44 | €4,081 | €1,603 | -€2,478 | -60.7% |
| Suppliers | 440/4 | €4,081 | €1,603 | -€2,478 | -60.7% |
| Taxes, remuneration and social security | 45 | €1,073 | €6,086 | +€5,014 | +467.4% |
| Taxes | 450/3 | €1,073 | €6,086 | +€5,014 | +467.4% |
| Other amounts payable | 47/48 | €61,015 | €79,287 | +€18,272 | +29.9% |
| Accrued charges and deferred income | 492/3 | €0 | €175 | +€175 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,515 | €23,492 | -€6,023 | -20.4% |
| Other operating charges | 640/8 | €2,260 | €1,582 | -€678 | -30.0% |
| Gross operating margin | 9900 | €46,516 | -€5,445 | -€51,961 | |
| Operating profit (loss) | 9901 | €14,741 | -€30,519 | -€45,260 | |
| Financial income | 75/76B | €2,968 | €1 | -€2,968 | -100.0% |
| Recurring financial income | 75 | €2,968 | €1 | -€2,968 | -100.0% |
| Financial charges | 65/66B | €2,667 | €1,879 | -€789 | -29.6% |
| Recurring financial charges | 65 | €2,667 | €1,879 | -€789 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €15,042 | -€32,398 | -€47,439 | |
| Transfer from deferred taxes | 780 | €107 | €43 | -€64 | -59.6% |
| Income taxes | 67/77 | €4,856 | €438 | -€4,417 | -91.0% |
| Profit (loss) for the period | 9904 | €10,293 | -€32,793 | -€43,086 | |
| Transfer from tax-exempt reserves | 789 | €427 | €173 | -€255 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,720 | -€32,620 | -€43,341 |
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 10 October 2026 via checked.be.