A Muntagna: 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 Muntagna
Largest movements
- Tangible fixed assets -€6,049
down €6,049 (-17.1%), from €35,416 to €29,367
of which Other tangible fixed assets: -€3,449
- Receivables within one year +€5,228
up €5,228 (+40.4%), from €12,939 to €18,167
of which Other amounts receivable: +€6,301
- Cash +€1,872
up €1,872 (+18.6%), from €10,058 to €11,930
mainly Tax, wage and social debts (+€8,167) and Depreciation (+€6,049)
- Trade debts -€10,034
down €10,034 (-32.3%), from €31,023 to €20,989
- Tax, wage and social debts +€8,167
up €8,167 (+103%), from €7,933 to €16,100
of which Taxes: +€5,229
- Other debts +€1,409
up €1,409 (+15.5%), from €9,090 to €10,499
- Profit (loss) carried forward +€912
up €912 (+5.9%), from -€15,346 to -€14,434
- Gross operating margin +€59,486
up €59,486, from -€15,742 to €43,744
- Staff costs +€29,922
up €29,922 (+739%), from €4,047 to €33,969
- Other operating charges +€932
up €932 (+138%), from €675 to €1,607
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 | €69,700 | €70,154 | +€454 | +0.7% |
| Fixed assets | 21/28 | €44,416 | €38,367 | -€6,049 | -13.6% |
| Tangible fixed assets | 22/27 | €35,416 | €29,367 | -€6,049 | -17.1% |
| Plant, machinery and equipment | 23 | €7,035 | €5,320 | -€1,715 | -24.4% |
| Furniture and vehicles | 24 | €3,640 | €2,755 | -€885 | -24.3% |
| Other tangible fixed assets | 26 | €24,741 | €21,292 | -€3,449 | -13.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €25,284 | €31,787 | +€6,503 | +25.7% |
| Stocks and contracts in progress | 3 | €1,310 | €1,383 | +€73 | +5.6% |
| Stocks | 30/36 | €1,310 | €1,383 | +€73 | +5.6% |
| Amounts receivable within one year | 40/41 | €12,939 | €18,167 | +€5,228 | +40.4% |
| Trade receivables | 40 | €12,939 | €11,866 | -€1,073 | -8.3% |
| Other amounts receivable | 41 | - | €6,301 | +€6,301 | |
| Cash at bank and in hand | 54/58 | €10,058 | €11,930 | +€1,872 | +18.6% |
| Deferred charges and accrued income | 490/1 | €977 | €307 | -€670 | -68.6% |
| Total equity and liabilities | 10/49 | €69,700 | €70,154 | +€454 | +0.7% |
| Equity | 10/15 | €21,654 | €22,566 | +€912 | +4.2% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,346 | -€14,434 | +€912 | +5.9% |
| Amounts payable | 17/49 | €48,046 | €47,588 | -€458 | -1.0% |
| Amounts payable within one year | 42/48 | €48,046 | €47,588 | -€458 | -1.0% |
| Trade debts | 44 | €31,023 | €20,989 | -€10,034 | -32.3% |
| Suppliers | 440/4 | €31,023 | €20,989 | -€10,034 | -32.3% |
| Taxes, remuneration and social security | 45 | €7,933 | €16,100 | +€8,167 | +103% |
| Taxes | 450/3 | €2,616 | €7,845 | +€5,229 | +200% |
| Remuneration and social security | 454/9 | €5,317 | €8,255 | +€2,938 | +55.3% |
| Other amounts payable | 47/48 | €9,090 | €10,499 | +€1,409 | +15.5% |
| Remuneration, social security and pensions | 62 | €4,047 | €33,969 | +€29,922 | +739% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,846 | €6,049 | +€203 | +3.5% |
| Other operating charges | 640/8 | €675 | €1,607 | +€932 | +138% |
| Gross operating margin | 9900 | -€15,742 | €43,744 | +€59,486 | |
| Operating profit (loss) | 9901 | -€26,310 | €2,119 | +€28,429 | |
| Financial income | 75/76B | €49 | €7 | -€42 | -85.7% |
| Recurring financial income | 75 | €49 | €7 | -€42 | -85.7% |
| Financial charges | 65/66B | €1,301 | €1,036 | -€265 | -20.4% |
| Recurring financial charges | 65 | €1,301 | €1,036 | -€265 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,562 | €1,090 | +€28,652 | |
| Income taxes | 67/77 | €135 | €179 | +€44 | +32.6% |
| Profit (loss) for the period | 9904 | -€27,697 | €911 | +€28,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,697 | €911 | +€28,608 |
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 25 October 2026 via checked.be.