The Mindbridge: 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.
The Mindbridge
Largest movements
- Receivables within one year +€437,605
up €437,605 (+17.2%), from €2.5m to €3.0m
of which Trade receivables: +€365,363
- Cash +€181,923
up €181,923 (+17.6%), from €1.0m to €1.2m
mainly Net result for the year (+€551,660) and Trade debts (+€280,676)
- Profit (loss) carried forward +€551,660
up €551,660 (+19.3%), from €2.9m to €3.4m
- Trade debts +€280,676
up €280,676 (+74.7%), from €375,609 to €656,284
- Other debts -€226,060
no longer reported in 2025 (was €226,060)
- Gross operating margin +€254,887
up €254,887 (+29.3%), from €869,933 to €1.1m
- Taxes +€61,724
up €61,724 (+47.7%), from €129,440 to €191,164
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 | €3,607,802 | €4,223,950 | +€616,148 | +17.1% |
| Fixed assets | 21/28 | €19,993 | €18,466 | -€1,527 | -7.6% |
| Tangible fixed assets | 22/27 | €18,493 | €16,966 | -€1,527 | -8.3% |
| Furniture and vehicles | 24 | €18,493 | €16,966 | -€1,527 | -8.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €3,587,809 | €4,205,485 | +€617,676 | +17.2% |
| Amounts receivable within one year | 40/41 | €2,549,575 | €2,987,180 | +€437,605 | +17.2% |
| Trade receivables | 40 | €288,509 | €653,872 | +€365,363 | +127% |
| Other amounts receivable | 41 | €2,261,066 | €2,333,308 | +€72,242 | +3.2% |
| Cash at bank and in hand | 54/58 | €1,035,541 | €1,217,463 | +€181,923 | +17.6% |
| Deferred charges and accrued income | 490/1 | €2,694 | €842 | -€1,852 | -68.7% |
| Total equity and liabilities | 10/49 | €3,607,802 | €4,223,950 | +€616,148 | +17.1% |
| Equity | 10/15 | €2,885,394 | €3,437,054 | +€551,660 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,864,934 | €3,416,594 | +€551,660 | +19.3% |
| Amounts payable | 17/49 | €722,408 | €786,897 | +€64,489 | +8.9% |
| Amounts payable within one year | 42/48 | €722,408 | €786,897 | +€64,489 | +8.9% |
| Trade debts | 44 | €375,609 | €656,284 | +€280,676 | +74.7% |
| Suppliers | 440/4 | €375,609 | €656,284 | +€280,676 | +74.7% |
| Taxes, remuneration and social security | 45 | €120,740 | €130,612 | +€9,873 | +8.2% |
| Taxes | 450/3 | €54,542 | €60,378 | +€5,836 | +10.7% |
| Remuneration and social security | 454/9 | €66,197 | €70,234 | +€4,037 | +6.1% |
| Other amounts payable | 47/48 | €226,060 | - | -€226,060 | |
| Remuneration, social security and pensions | 62 | €381,391 | €391,234 | +€9,843 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,624 | €7,238 | -€3,387 | -31.9% |
| Other operating charges | 640/8 | €611 | €1,847 | +€1,236 | +202% |
| Gross operating margin | 9900 | €869,933 | €1,124,820 | +€254,887 | +29.3% |
| Operating profit (loss) | 9901 | €477,306 | €724,501 | +€247,195 | +51.8% |
| Financial income | 75/76B | €21,722 | €21,933 | +€211 | +1.0% |
| Recurring financial income | 75 | €21,722 | €21,933 | +€211 | +1.0% |
| Financial charges | 65/66B | €3,413 | €3,610 | +€197 | +5.8% |
| Recurring financial charges | 65 | €3,413 | €3,610 | +€197 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €495,615 | €742,823 | +€247,208 | +49.9% |
| Income taxes | 67/77 | €129,440 | €191,164 | +€61,724 | +47.7% |
| Profit (loss) for the period | 9904 | €366,175 | €551,660 | +€185,485 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €366,175 | €551,660 | +€185,485 | +50.7% |
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 24 October 2026 via checked.be.