DE GOUDEN MUTS: 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.
DE GOUDEN MUTS
Largest movements
- Receivables after one year +€201,000
new in 2025: €201,000
- Deferred charges and accrued income +€172,626
up €172,626 (+1,392%), from €12,398 to €185,024
- Financial fixed assets -€101,000
no longer reported in 2025 (was €101,000)
- Tangible fixed assets -€93,542
down €93,542 (-18.0%), from €520,105 to €426,562
of which Land and buildings: -€94,855
- Receivables within one year -€83,003
down €83,003 (-78.6%), from €105,595 to €22,592
of which Other amounts receivable: -€42,964
- Accrued charges and deferred income +€138,036
new in 2025: €138,036
- Debts after one year -€66,109
down €66,109 (-17.3%), from €381,449 to €315,340
- Reserves +€57,142
up €57,142 (+16.3%), from €350,031 to €407,174
of which Distributable reserves: +€57,142
- Tax, wage and social debts -€15,236
down €15,236 (-53.7%), from €28,389 to €13,153
- Gross operating margin +€12,454
up €12,454 (+2.2%), from €556,321 to €568,775
- Staff costs +€10,833
up €10,833 (+2.9%), from €379,270 to €390,103
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 | €866,244 | €980,766 | +€114,521 | +13.2% |
| Fixed assets | 21/28 | €621,105 | €426,562 | -€194,542 | -31.3% |
| Tangible fixed assets | 22/27 | €520,105 | €426,562 | -€93,542 | -18.0% |
| Land and buildings | 22 | €341,517 | €246,662 | -€94,855 | -27.8% |
| Plant, machinery and equipment | 23 | €76,342 | €104,443 | +€28,100 | +36.8% |
| Furniture and vehicles | 24 | €102,245 | €75,457 | -€26,788 | -26.2% |
| Financial fixed assets | 28 | €101,000 | - | -€101,000 | |
| Current assets | 29/58 | €245,139 | €554,203 | +€309,064 | +126% |
| Amounts receivable after more than one year | 29 | - | €201,000 | +€201,000 | |
| Other amounts receivable | 291 | - | €201,000 | +€201,000 | |
| Stocks and contracts in progress | 3 | €25,739 | €20,222 | -€5,517 | -21.4% |
| Stocks | 30/36 | €25,739 | €20,222 | -€5,517 | -21.4% |
| Amounts receivable within one year | 40/41 | €105,595 | €22,592 | -€83,003 | -78.6% |
| Trade receivables | 40 | €40,039 | - | -€40,039 | |
| Other amounts receivable | 41 | €65,556 | €22,592 | -€42,964 | -65.5% |
| Cash at bank and in hand | 54/58 | €101,408 | €125,365 | +€23,958 | +23.6% |
| Deferred charges and accrued income | 490/1 | €12,398 | €185,024 | +€172,626 | +1,392% |
| Total equity and liabilities | 10/49 | €866,244 | €980,766 | +€114,521 | +13.2% |
| Equity | 10/15 | €368,623 | €425,766 | +€57,142 | +15.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €350,031 | €407,174 | +€57,142 | +16.3% |
| Non-distributable reserves | 130/1 | €1,477 | €1,477 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,477 | €1,477 | = | 0.0% |
| Distributable reserves | 133 | €348,554 | €405,697 | +€57,142 | +16.4% |
| Amounts payable | 17/49 | €497,621 | €555,000 | +€57,379 | +11.5% |
| Amounts payable after more than one year | 17 | €381,449 | €315,340 | -€66,109 | -17.3% |
| Financial debts | 170/4 | €381,449 | €315,340 | -€66,109 | -17.3% |
| Amounts payable within one year | 42/48 | €116,172 | €101,624 | -€14,548 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €71,619 | €79,194 | +€7,575 | +10.6% |
| Trade debts | 44 | €16,164 | €9,277 | -€6,887 | -42.6% |
| Suppliers | 440/4 | €16,164 | €9,277 | -€6,887 | -42.6% |
| Taxes, remuneration and social security | 45 | €28,389 | €13,153 | -€15,236 | -53.7% |
| Taxes | 450/3 | €28,389 | €13,153 | -€15,236 | -53.7% |
| Accrued charges and deferred income | 492/3 | - | €138,036 | +€138,036 | |
| Non-recurring operating income | 76A | €876 | - | -€876 | |
| Remuneration, social security and pensions | 62 | €379,270 | €390,103 | +€10,833 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,931 | €76,687 | -€245 | -0.3% |
| Other operating charges | 640/8 | €2,252 | €2,201 | -€51 | -2.3% |
| Gross operating margin | 9900 | €556,321 | €568,775 | +€12,454 | +2.2% |
| Operating profit (loss) | 9901 | €97,867 | €99,784 | +€1,917 | +2.0% |
| Financial income | 75/76B | €37 | €397 | +€360 | +979% |
| Recurring financial income | 75 | €37 | €397 | +€360 | +979% |
| Financial charges | 65/66B | €17,934 | €15,929 | -€2,005 | -11.2% |
| Recurring financial charges | 65 | €17,934 | €15,929 | -€2,005 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €79,970 | €84,251 | +€4,282 | +5.4% |
| Income taxes | 67/77 | €22,457 | €27,109 | +€4,653 | +20.7% |
| Profit (loss) for the period | 9904 | €57,513 | €57,142 | -€371 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,513 | €57,142 | -€371 | -0.6% |
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.