Natural Mind: 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.
Natural Mind
Largest movements
- Receivables within one year -€59,763
down €59,763 (-71.1%), from €84,112 to €24,349
of which Trade receivables: -€57,575
- Cash -€34,238
down €34,238 (-59.4%), from €57,654 to €23,416
mainly Trade debts (-€43,427) and Debts after one year (-€36,709)
- Tangible fixed assets -€11,301
down €11,301 (-3.3%), from €345,787 to €334,486
of which Leasing and similar rights: -€15,102
- Trade debts -€43,427
down €43,427 (-82.0%), from €52,940 to €9,513
- Debts after one year -€36,709
down €36,709 (-24.5%), from €149,668 to €112,959
- Other debts -€33,119
down €33,119 (-63.2%), from €52,416 to €19,297
- Profit (loss) carried forward +€11,621
up €11,621 (+7.4%), from €157,440 to €169,061
- Gross operating margin -€33,231
down €33,231 (-71.2%), from €46,662 to €13,431
- Financial income +€30,000
up €30,000 (+4,011%), from €748 to €30,748
- Taxes -€2,668
down €2,668, from €2,500 to -€168
- Financial charges -€1,476
down €1,476 (-16.1%), from €9,159 to €7,683
- Depreciation -€1,298
down €1,298 (-5.0%), from €26,214 to €24,916
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 | €490,199 | €383,530 | -€106,669 | -21.8% |
| Fixed assets | 21/28 | €346,937 | €335,636 | -€11,301 | -3.3% |
| Tangible fixed assets | 22/27 | €345,787 | €334,486 | -€11,301 | -3.3% |
| Plant, machinery and equipment | 23 | €3,045 | €1,349 | -€1,696 | -55.7% |
| Furniture and vehicles | 24 | €4,921 | €10,710 | +€5,789 | +118% |
| Leasing and similar rights | 25 | €335,760 | €320,658 | -€15,102 | -4.5% |
| Other tangible fixed assets | 26 | €2,061 | €1,769 | -€292 | -14.2% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €143,262 | €47,894 | -€95,368 | -66.6% |
| Stocks and contracts in progress | 3 | €1,068 | - | -€1,068 | |
| Stocks | 30/36 | €1,068 | - | -€1,068 | |
| Amounts receivable within one year | 40/41 | €84,112 | €24,349 | -€59,763 | -71.1% |
| Trade receivables | 40 | €60,004 | €2,429 | -€57,575 | -96.0% |
| Other amounts receivable | 41 | €24,108 | €21,920 | -€2,188 | -9.1% |
| Cash at bank and in hand | 54/58 | €57,654 | €23,416 | -€34,238 | -59.4% |
| Deferred charges and accrued income | 490/1 | €428 | €129 | -€299 | -69.9% |
| Total equity and liabilities | 10/49 | €490,199 | €383,530 | -€106,669 | -21.8% |
| Equity | 10/15 | €194,178 | €205,051 | +€10,873 | +5.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,440 | €169,061 | +€11,621 | +7.4% |
| Investment grants | 15 | €5,238 | €4,490 | -€748 | -14.3% |
| Amounts payable | 17/49 | €296,021 | €178,479 | -€117,542 | -39.7% |
| Amounts payable after more than one year | 17 | €149,668 | €112,959 | -€36,709 | -24.5% |
| Financial debts | 170/4 | €149,668 | €112,959 | -€36,709 | -24.5% |
| Amounts payable within one year | 42/48 | €146,353 | €65,520 | -€80,833 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €40,997 | €36,710 | -€4,287 | -10.5% |
| Trade debts | 44 | €52,940 | €9,513 | -€43,427 | -82.0% |
| Suppliers | 440/4 | €52,940 | €9,513 | -€43,427 | -82.0% |
| Other amounts payable | 47/48 | €52,416 | €19,297 | -€33,119 | -63.2% |
| Non-recurring operating income | 76A | €1,804 | - | -€1,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,214 | €24,916 | -€1,298 | -5.0% |
| Other operating charges | 640/8 | €127 | €127 | = | 0.0% |
| Gross operating margin | 9900 | €46,662 | €13,431 | -€33,231 | -71.2% |
| Operating profit (loss) | 9901 | €20,321 | -€11,612 | -€31,933 | |
| Financial income | 75/76B | €748 | €30,748 | +€30,000 | +4,011% |
| Recurring financial income | 75 | €748 | €30,748 | +€30,000 | +4,011% |
| Financial charges | 65/66B | €9,159 | €7,683 | -€1,476 | -16.1% |
| Recurring financial charges | 65 | €9,159 | €7,683 | -€1,476 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €11,910 | €11,453 | -€457 | -3.8% |
| Income taxes | 67/77 | €2,500 | -€168 | -€2,668 | |
| Profit (loss) for the period | 9904 | €9,410 | €11,621 | +€2,211 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,410 | €11,621 | +€2,211 | +23.5% |
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 17 October 2026 via checked.be.