A-MUI: what changed
Two fiscal 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-MUI
Largest movements
- Stocks and contracts -€495
down €495 (-25.1%), from €1,967 to €1,472
- Cash +€345
up €345 (+13.0%), from €2,658 to €3,003
mainly Stocks and contracts (+€495) and Depreciation (+€332)
- Tangible fixed assets -€332
no longer reported in 2025 (was €332)
- Receivables within one year -€257
no longer reported in 2025 (was €257)
- Deferred charges and accrued income -€137
down €137 (-67.2%), from €204 to €67
- Profit (loss) carried forward -€893
down €893 (-2.4%), from -€37,119 to -€38,012
- Trade debts +€231
up €231 (+35.5%), from €652 to €883
- Tax, wage and social debts -€214
down €214 (-10.4%), from €2,060 to €1,846
of which Taxes: -€228
- Financial charges +€447
up €447 (+97.5%), from €458 to €905
- Depreciation -€402
down €402 (-54.8%), from €734 to €332
- Gross operating margin +€355
up €355 (+91.7%), from €387 to €742
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €8,593 | €7,718 | -€875 | -10.2% |
| Fixed assets | 21/28 | €3,507 | €3,175 | -€332 | -9.5% |
| Tangible fixed assets | 22/27 | €332 | - | -€332 | |
| Plant, machinery and equipment | 23 | €332 | - | -€332 | |
| Financial fixed assets | 28 | €3,175 | €3,175 | = | 0.0% |
| Current assets | 29/58 | €5,086 | €4,543 | -€544 | -10.7% |
| Stocks and contracts in progress | 3 | €1,967 | €1,472 | -€495 | -25.1% |
| Stocks | 30/36 | €1,967 | €1,472 | -€495 | -25.1% |
| Amounts receivable within one year | 40/41 | €257 | - | -€257 | |
| Trade receivables | 40 | €257 | - | -€257 | |
| Cash at bank and in hand | 54/58 | €2,658 | €3,003 | +€345 | +13.0% |
| Deferred charges and accrued income | 490/1 | €204 | €67 | -€137 | -67.2% |
| Total equity and liabilities | 10/49 | €8,593 | €7,718 | -€875 | -10.2% |
| Equity | 10/15 | -€7,119 | -€8,012 | -€893 | -12.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,119 | -€38,012 | -€893 | -2.4% |
| Amounts payable | 17/49 | €15,712 | €15,730 | +€17 | +0.1% |
| Amounts payable within one year | 42/48 | €15,712 | €15,730 | +€17 | +0.1% |
| Trade debts | 44 | €652 | €883 | +€231 | +35.5% |
| Suppliers | 440/4 | €652 | €883 | +€231 | +35.5% |
| Taxes, remuneration and social security | 45 | €2,060 | €1,846 | -€214 | -10.4% |
| Taxes | 450/3 | €234 | €6 | -€228 | -97.5% |
| Remuneration and social security | 454/9 | €1,826 | €1,840 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €13,001 | €13,001 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €734 | €332 | -€402 | -54.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €387 | €742 | +€355 | +91.7% |
| Operating profit (loss) | 9901 | -€734 | €11 | +€745 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €458 | €905 | +€447 | +97.5% |
| Recurring financial charges | 65 | €458 | €905 | +€447 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,192 | -€893 | +€300 | +25.1% |
| Profit (loss) for the period | 9904 | -€1,192 | -€893 | +€300 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,192 | -€893 | +€300 | +25.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.