CUM MUNIS: 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.
CUM MUNIS
Largest movements
- Cash +€2,852
up €2,852 (+3,565%), from €80 to €2,932
mainly Net result for the year (+€2,752) and Receivables within one year (+€913)
- Receivables within one year -€913
down €913 (-64.5%), from €1,416 to €503
of which Trade receivables: -€1,051
- Profit (loss) carried forward +€2,752
up €2,752 (+9.7%), from -€28,481 to -€25,729
- Other debts -€1,444
down €1,444 (-23.2%), from €6,215 to €4,771
- Tax, wage and social debts +€466
up €466 (+8.4%), from €5,570 to €6,036
- Trade debts +€165
up €165 (+2.6%), from €6,410 to €6,575
- Gross operating margin +€7,858
up €7,858, from -€2,501 to €5,357
- Other operating charges +€1,191
up €1,191 (+178%), from €670 to €1,861
- Financial charges -€621
down €621 (-88.4%), from €703 to €82
- Taxes -€259
no longer reported in 2025 (was €259)
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 | €11,496 | €13,435 | +€1,939 | +16.9% |
| Current assets | 29/58 | €11,496 | €13,435 | +€1,939 | +16.9% |
| Amounts receivable within one year | 40/41 | €1,416 | €503 | -€913 | -64.5% |
| Trade receivables | 40 | €1,416 | €365 | -€1,051 | -74.2% |
| Other amounts receivable | 41 | - | €138 | +€138 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80 | €2,932 | +€2,852 | +3,565% |
| Total equity and liabilities | 10/49 | €11,496 | €13,435 | +€1,939 | +16.9% |
| Equity | 10/15 | -€6,699 | -€3,947 | +€2,752 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,182 | €3,182 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,322 | €1,322 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€28,481 | -€25,729 | +€2,752 | +9.7% |
| Amounts payable | 17/49 | €18,195 | €17,382 | -€813 | -4.5% |
| Amounts payable within one year | 42/48 | €18,195 | €17,382 | -€813 | -4.5% |
| Trade debts | 44 | €6,410 | €6,575 | +€165 | +2.6% |
| Suppliers | 440/4 | €6,410 | €6,575 | +€165 | +2.6% |
| Taxes, remuneration and social security | 45 | €5,570 | €6,036 | +€466 | +8.4% |
| Taxes | 450/3 | €5,570 | €6,036 | +€466 | +8.4% |
| Other amounts payable | 47/48 | €6,215 | €4,771 | -€1,444 | -23.2% |
| Other operating charges | 640/8 | €670 | €1,861 | +€1,191 | +178% |
| Non-recurring operating charges | 66A | - | €662 | +€662 | |
| Gross operating margin | 9900 | -€2,501 | €5,357 | +€7,858 | |
| Operating profit (loss) | 9901 | -€3,171 | €2,833 | +€6,004 | |
| Financial charges | 65/66B | €703 | €82 | -€621 | -88.4% |
| Recurring financial charges | 65 | €703 | €82 | -€621 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,874 | €2,752 | +€6,626 | |
| Income taxes | 67/77 | €259 | - | -€259 | |
| Profit (loss) for the period | 9904 | -€4,133 | €2,752 | +€6,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,133 | €2,752 | +€6,885 |
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 21 October 2026 via checked.be.