ATELIER M.U.G.: what changed
What changed
ATELIER M.U.G.
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€102,128
2024 · €115,238-€13,110
Equity
€382,363
2024 · €296,024+€86,339
Cash
€35,077
2024 · €29,089+€5,988
Balance sheet total
€951,274
2024 · €917,418+€33,856
Largest movements
Assets
- Tangible fixed assets +€23,598
up €23,598 (+1,140%), from €2,070 to €25,668
of which Plant, machinery and equipment: +€23,003
Equity and liabilities
- Reserves +€47,361
up €47,361 (+83.3%), from €56,860 to €104,221
of which Tax-exempt reserves: +€63,150
- Debts after one year -€40,226
down €40,226 (-33.8%), from €119,086 to €78,860
- Profit (loss) carried forward +€38,978
up €38,978 (+17.7%), from €220,564 to €259,542
- Current portion of long-term debt -€34,716
down €34,716 (-46.3%), from €74,943 to €40,226
- Other debts +€30,102
up €30,102 (+7.9%), from €383,400 to €413,502
Income statement
- Other operating charges +€8,862
up €8,862 (+2,819%), from €314 to €9,177
- Gross operating margin -€2,996
down €2,996 (-1.8%), from €162,262 to €159,266
- Depreciation +€2,151
up €2,151 (+372%), from €578 to €2,729
- Financial charges -€1,937
down €1,937 (-16.6%), from €11,654 to €9,718
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€115,238
Gross operating margin
-€2,996
Depreciation
-€2,151
Other operating charges
-€8,862
Financial income
+€0
Financial charges
+€1,937
Taxes
-€1,036
Result 2025
€102,128
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€147,988
Investment
-€31,277
Financing
-€110,723
Cash 2024
€29,089
From operations (derived)
+€147,988
Net result for the year
+€102,128
Depreciation
+€2,729
Receivables within one year
+€834
Deferred charges and accrued income
-€154
Trade debts
+€1,064
Tax, wage and social debts
+€11,284
Other debts
+€30,102
Investment (derived)
-€31,277
Investment in fixed assets (net)
-€31,277
Financing
-€110,723
Debts after one year
-€40,226
Current portion of long-term debt
-€34,716
Short-term financial debts
-€19,991
Contributions, distributions and other
-€15,789
Cash 2025
€35,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €917,418 | €951,274 | +€33,856 | +3.7% |
| Fixed assets | 21/28 | €872,070 | €900,618 | +€28,548 | +3.3% |
| Tangible fixed assets | 22/27 | €2,070 | €25,668 | +€23,598 | +1,140% |
| Plant, machinery and equipment | 23 | - | €23,003 | +€23,003 | |
| Furniture and vehicles | 24 | €2,070 | €2,665 | +€595 | +28.7% |
| Financial fixed assets | 28 | €870,000 | €874,950 | +€4,950 | +0.6% |
| Current assets | 29/58 | €45,348 | €50,656 | +€5,308 | +11.7% |
| Amounts receivable within one year | 40/41 | €16,137 | €15,304 | -€834 | -5.2% |
| Trade receivables | 40 | €15,079 | €15,277 | +€198 | +1.3% |
| Other amounts receivable | 41 | €1,058 | €27 | -€1,032 | -97.5% |
| Cash at bank and in hand | 54/58 | €29,089 | €35,077 | +€5,988 | +20.6% |
| Deferred charges and accrued income | 490/1 | €122 | €275 | +€154 | +126% |
| Total equity and liabilities | 10/49 | €917,418 | €951,274 | +€33,856 | +3.7% |
| Equity | 10/15 | €296,024 | €382,363 | +€86,339 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,860 | €104,221 | +€47,361 | +83.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €55,000 | €41,071 | -€13,929 | -25.3% |
| Profit (loss) carried forward | 14 | €220,564 | €259,542 | +€38,978 | +17.7% |
| Amounts payable | 17/49 | €621,394 | €568,911 | -€52,482 | -8.4% |
| Amounts payable after more than one year | 17 | €119,086 | €78,860 | -€40,226 | -33.8% |
| Financial debts | 170/4 | €119,086 | €78,860 | -€40,226 | -33.8% |
| Amounts payable within one year | 42/48 | €502,308 | €490,051 | -€12,256 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €74,943 | €40,226 | -€34,716 | -46.3% |
| Financial debts | 43 | €23,067 | €3,076 | -€19,991 | -86.7% |
| Credit institutions | 430/8 | €23,067 | €3,076 | -€19,991 | -86.7% |
| Trade debts | 44 | €7,258 | €8,323 | +€1,064 | +14.7% |
| Suppliers | 440/4 | €7,258 | €8,323 | +€1,064 | +14.7% |
| Taxes, remuneration and social security | 45 | €13,640 | €24,924 | +€11,284 | +82.7% |
| Taxes | 450/3 | €9,686 | €20,924 | +€11,239 | +116% |
| Remuneration and social security | 454/9 | €3,954 | €4,000 | +€46 | +1.2% |
| Other amounts payable | 47/48 | €383,400 | €413,502 | +€30,102 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €2,729 | +€2,151 | +372% |
| Other operating charges | 640/8 | €314 | €9,177 | +€8,862 | +2,819% |
| Gross operating margin | 9900 | €162,262 | €159,266 | -€2,996 | -1.8% |
| Operating profit (loss) | 9901 | €161,370 | €147,360 | -€14,010 | -8.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,654 | €9,718 | -€1,937 | -16.6% |
| Recurring financial charges | 65 | €11,654 | €9,718 | -€1,937 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €149,716 | €137,642 | -€12,073 | -8.1% |
| Income taxes | 67/77 | €34,478 | €35,514 | +€1,036 | +3.0% |
| Profit (loss) for the period | 9904 | €115,238 | €102,128 | -€13,110 | -11.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,238 | €38,978 | -€76,260 | -66.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.