DE MUNTER: 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.
DE MUNTER
Largest movements
- Intangible fixed assets +€6,456
new in 2025: €6,456
- Cash +€3,232
up €3,232 (+16.5%), from €19,579 to €22,811
mainly Net result for the year (+€9,724) and Tax, wage and social debts (+€2,886)
- Receivables within one year +€2,074
up €2,074 (+17.1%), from €12,131 to €14,205
of which Other amounts receivable: +€1,370
- Tangible fixed assets +€1,313
up €1,313 (+513.3%), from €256 to €1,569
- Profit (loss) carried forward +€9,724
up €9,724 (+69.2%), from -€14,054 to -€4,330
- Tax, wage and social debts +€2,886
up €2,886 (+23.6%), from €12,232 to €15,118
- Trade debts +€465
up €465 (+121.3%), from €383 to €848
- Gross operating margin +€15,627
up €15,627, from -€1,948 to €13,679
- Taxes -€9,800
down €9,800 (-81.4%), from €12,033 to €2,232
- Depreciation +€1,058
up €1,058 (+256.3%), from €413 to €1,471
- Other operating charges +€403
up €403 (+286.8%), from €141 to €543
- Financial income -€200
down €200 (-35.5%), from €565 to €364
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 | €31,967 | €45,041 | +€13,075 | +40.9% |
| Fixed assets | 21/28 | €256 | €8,025 | +€7,769 | +3037.4% |
| Intangible fixed assets | 21 | - | €6,456 | +€6,456 | |
| Tangible fixed assets | 22/27 | €256 | €1,569 | +€1,313 | +513.3% |
| Furniture and vehicles | 24 | €256 | €1,569 | +€1,313 | +513.3% |
| Current assets | 29/58 | €31,711 | €37,016 | +€5,306 | +16.7% |
| Amounts receivable within one year | 40/41 | €12,131 | €14,205 | +€2,074 | +17.1% |
| Trade receivables | 40 | €127 | €831 | +€704 | +554.3% |
| Other amounts receivable | 41 | €12,004 | €13,374 | +€1,370 | +11.4% |
| Cash at bank and in hand | 54/58 | €19,579 | €22,811 | +€3,232 | +16.5% |
| Total equity and liabilities | 10/49 | €31,967 | €45,041 | +€13,075 | +40.9% |
| Equity | 10/15 | €19,352 | €29,076 | +€9,724 | +50.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,406 | €31,406 | = | 0.0% |
| Distributable reserves | 133 | €31,406 | €31,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,054 | -€4,330 | +€9,724 | +69.2% |
| Amounts payable | 17/49 | €12,615 | €15,966 | +€3,351 | +26.6% |
| Amounts payable within one year | 42/48 | €12,615 | €15,966 | +€3,351 | +26.6% |
| Trade debts | 44 | €383 | €848 | +€465 | +121.3% |
| Suppliers | 440/4 | €383 | €848 | +€465 | +121.3% |
| Taxes, remuneration and social security | 45 | €12,232 | €15,118 | +€2,886 | +23.6% |
| Taxes | 450/3 | €12,232 | €15,118 | +€2,886 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €1,471 | +€1,058 | +256.3% |
| Other operating charges | 640/8 | €141 | €543 | +€403 | +286.8% |
| Gross operating margin | 9900 | -€1,948 | €13,679 | +€15,627 | |
| Operating profit (loss) | 9901 | -€2,501 | €11,664 | +€14,165 | |
| Financial income | 75/76B | €565 | €364 | -€200 | -35.5% |
| Recurring financial income | 75 | €565 | €364 | -€200 | -35.5% |
| Financial charges | 65/66B | €85 | €72 | -€13 | -15.0% |
| Recurring financial charges | 65 | €85 | €72 | -€13 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,021 | €11,956 | +€13,977 | |
| Income taxes | 67/77 | €12,033 | €2,232 | -€9,800 | -81.4% |
| Profit (loss) for the period | 9904 | -€14,054 | €9,724 | +€23,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,054 | €9,724 | +€23,778 |
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 4 October 2026 via checked.be.