A. DE MUNTER: 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.
A. DE MUNTER
Largest movements
- Receivables within one year +€13,549
up €13,549 (+46.1%), from €29,411 to €42,960
of which Trade receivables: +€29,907
- Tangible fixed assets -€9,242
down €9,242 (-34.0%), from €27,158 to €17,916
of which Furniture and vehicles: -€6,806
- Trade debts +€11,737
up €11,737 (+84.6%), from €13,866 to €25,603
- Debts after one year -€7,357
down €7,357 (-40.3%), from €18,264 to €10,907
- Tax, wage and social debts +€2,437
up €2,437 (+56.0%), from €4,350 to €6,787
of which Taxes: +€2,703
- Current portion of long-term debt -€2,368
down €2,368 (-24.3%), from €9,725 to €7,357
- Accrued charges and deferred income -€1,725
no longer reported in 2025 (was €1,725)
- Turnover -€210,745
no longer reported in 2025 (was €210,745)
- Purchases and services -€183,181
no longer reported in 2025 (was €183,181)
- Financial charges -€10,329
down €10,329 (-89.2%), from €11,579 to €1,250
of which Non-recurring financial charges: -€9,163
- Gross operating margin -€7,732
down €7,732 (-28.1%), from €27,564 to €19,831
- Staff costs -€5,278
down €5,278, from €5,165 to -€113
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 | €61,489 | €65,741 | +€4,252 | +6.9% |
| Fixed assets | 21/28 | €27,158 | €17,916 | -€9,242 | -34.0% |
| Tangible fixed assets | 22/27 | €27,158 | €17,916 | -€9,242 | -34.0% |
| Plant, machinery and equipment | 23 | €4,818 | €2,382 | -€2,436 | -50.6% |
| Furniture and vehicles | 24 | €22,340 | €15,533 | -€6,806 | -30.5% |
| Current assets | 29/58 | €34,331 | €47,825 | +€13,493 | +39.3% |
| Stocks and contracts in progress | 3 | €972 | €972 | = | 0.0% |
| Stocks | 30/36 | €972 | €972 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,411 | €42,960 | +€13,549 | +46.1% |
| Trade receivables | 40 | €11,054 | €40,962 | +€29,907 | +271% |
| Other amounts receivable | 41 | €18,356 | €1,998 | -€16,358 | -89.1% |
| Cash at bank and in hand | 54/58 | €1,470 | €1,723 | +€253 | +17.2% |
| Deferred charges and accrued income | 490/1 | €2,478 | €2,170 | -€308 | -12.4% |
| Total equity and liabilities | 10/49 | €61,489 | €65,741 | +€4,252 | +6.9% |
| Equity | 10/15 | €13,559 | €15,087 | +€1,528 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,359 | €7,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €848 | €848 | = | 0.0% |
| Reserves not available under the articles | 1311 | €848 | €848 | = | 0.0% |
| Distributable reserves | 133 | €6,512 | €6,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,528 | +€1,528 | |
| Amounts payable | 17/49 | €47,930 | €50,654 | +€2,724 | +5.7% |
| Amounts payable after more than one year | 17 | €18,264 | €10,907 | -€7,357 | -40.3% |
| Financial debts | 170/4 | €18,264 | €10,907 | -€7,357 | -40.3% |
| Amounts payable within one year | 42/48 | €27,941 | €39,746 | +€11,806 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €9,725 | €7,357 | -€2,368 | -24.3% |
| Trade debts | 44 | €13,866 | €25,603 | +€11,737 | +84.6% |
| Suppliers | 440/4 | €13,866 | €25,603 | +€11,737 | +84.6% |
| Taxes, remuneration and social security | 45 | €4,350 | €6,787 | +€2,437 | +56.0% |
| Taxes | 450/3 | €4,084 | €6,787 | +€2,703 | +66.2% |
| Remuneration and social security | 454/9 | €266 | - | -€266 | |
| Accrued charges and deferred income | 492/3 | €1,725 | - | -€1,725 | |
| Turnover | 70 | €210,745 | - | -€210,745 | |
| Goods, raw materials, services and sundry goods | 60/61 | €183,181 | - | -€183,181 | |
| Remuneration, social security and pensions | 62 | €5,165 | -€113 | -€5,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,299 | €13,176 | -€123 | -0.9% |
| Other operating charges | 640/8 | €1,154 | €1,550 | +€396 | +34.4% |
| Gross operating margin | 9900 | €27,564 | €19,831 | -€7,732 | -28.1% |
| Operating profit (loss) | 9901 | €7,946 | €5,218 | -€2,728 | -34.3% |
| Financial income | 75/76B | €3,609 | €43 | -€3,566 | -98.8% |
| Recurring financial income | 75 | €3,609 | €43 | -€3,566 | -98.8% |
| Financial charges | 65/66B | €11,579 | €1,250 | -€10,329 | -89.2% |
| Recurring financial charges | 65 | €2,417 | €1,250 | -€1,166 | -48.3% |
| Non-recurring financial charges | 66B | €9,163 | - | -€9,163 | |
| Profit (loss) for the period before taxes | 9903 | -€25 | €4,010 | +€4,035 | |
| Income taxes | 67/77 | €2,515 | €2,482 | -€33 | -1.3% |
| Profit (loss) for the period | 9904 | -€2,539 | €1,528 | +€4,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,539 | €1,528 | +€4,067 |
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 22 October 2026 via checked.be.