Mynd-Ware: 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-Ware
Largest movements
- Intangible fixed assets +€50,981
up €50,981 (+13.0%), from €391,419 to €442,400
- Receivables within one year +€39,956
up €39,956 (+38.5%), from €103,847 to €143,803
of which Other amounts receivable: +€52,275
- Cash +€31,092
up €31,092 (+167%), from €18,629 to €49,721
mainly Trade debts (+€111,521) and Depreciation (+€103,178)
- Trade debts +€111,521
up €111,521 (+72.9%), from €152,908 to €264,430
- Investment grants +€58,284
up €58,284 (+51.2%), from €113,896 to €172,180
- Debts after one year -€52,188
down €52,188 (-100%), from €52,188 to €0
- Tax, wage and social debts +€18,697
up €18,697 (+164%), from €11,383 to €30,080
of which Taxes: +€11,493
- Profit (loss) carried forward -€14,360
down €14,360 (-37.3%), from -€38,465 to -€52,825
- Financial income +€114,195
up €114,195 (+23,428%), from €487 to €114,683
- Staff costs +€37,659
up €37,659 (+61.8%), from €60,956 to €98,615
- Gross operating margin -€28,026
down €28,026 (-22.1%), from €126,793 to €98,767
- Depreciation +€17,154
up €17,154 (+19.9%), from €86,025 to €103,178
- Financial charges +€7,526
up €7,526 (+42.8%), from €17,591 to €25,117
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 | €513,970 | €635,924 | +€121,954 | +23.7% |
| Formation expenses | 20 | €75 | €0 | -€75 | -100% |
| Fixed assets | 21/28 | €391,419 | €442,400 | +€50,981 | +13.0% |
| Intangible fixed assets | 21 | €391,419 | €442,400 | +€50,981 | +13.0% |
| Current assets | 29/58 | €122,476 | €193,524 | +€71,049 | +58.0% |
| Amounts receivable within one year | 40/41 | €103,847 | €143,803 | +€39,956 | +38.5% |
| Trade receivables | 40 | €87,968 | €75,650 | -€12,318 | -14.0% |
| Other amounts receivable | 41 | €15,879 | €68,154 | +€52,275 | +329% |
| Cash at bank and in hand | 54/58 | €18,629 | €49,721 | +€31,092 | +167% |
| Total equity and liabilities | 10/49 | €513,970 | €635,924 | +€121,954 | +23.7% |
| Equity | 10/15 | €97,491 | €141,415 | +€43,924 | +45.1% |
| Contributions | 10/11 | €1,001 | €1,001 | = | 0.0% |
| Reserves | 13 | €21,059 | €21,059 | = | 0.0% |
| Distributable reserves | 133 | €21,059 | €21,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,465 | -€52,825 | -€14,360 | -37.3% |
| Investment grants | 15 | €113,896 | €172,180 | +€58,284 | +51.2% |
| Amounts payable | 17/49 | €416,479 | €494,509 | +€78,030 | +18.7% |
| Amounts payable after more than one year | 17 | €52,188 | €0 | -€52,188 | -100% |
| Financial debts | 170/4 | €52,188 | €0 | -€52,188 | -100% |
| Amounts payable within one year | 42/48 | €364,292 | €494,509 | +€130,218 | +35.7% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €152,908 | €264,430 | +€111,521 | +72.9% |
| Suppliers | 440/4 | €152,908 | €264,430 | +€111,521 | +72.9% |
| Taxes, remuneration and social security | 45 | €11,383 | €30,080 | +€18,697 | +164% |
| Taxes | 450/3 | €221 | €11,714 | +€11,493 | +5,204% |
| Remuneration and social security | 454/9 | €11,162 | €18,366 | +€7,204 | +64.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,956 | €98,615 | +€37,659 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,025 | €103,178 | +€17,154 | +19.9% |
| Other operating charges | 640/8 | €953 | €711 | -€241 | -25.3% |
| Gross operating margin | 9900 | €126,793 | €98,767 | -€28,026 | -22.1% |
| Operating profit (loss) | 9901 | -€21,140 | -€103,737 | -€82,597 | -391% |
| Financial income | 75/76B | €487 | €114,683 | +€114,195 | +23,428% |
| Recurring financial income | 75 | €487 | €114,683 | +€114,195 | +23,428% |
| Financial charges | 65/66B | €17,591 | €25,117 | +€7,526 | +42.8% |
| Recurring financial charges | 65 | €17,591 | €25,117 | +€7,526 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,244 | -€14,172 | +€24,072 | +62.9% |
| Income taxes | 67/77 | €221 | €189 | -€32 | -14.6% |
| Profit (loss) for the period | 9904 | -€38,465 | -€14,360 | +€24,104 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,465 | -€14,360 | +€24,104 | +62.7% |
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 15 October 2026 via checked.be.