DE MUTSAERD: what changed
What changed
DE MUTSAERD
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
€16,894
2024 · -€14,649+€31,543
Equity
€158,573
2024 · €141,679+€16,894
Cash
€2,919
2024 · €90+€2,829
Balance sheet total
€563,547
2024 · €527,599+€35,947
Largest movements
Assets
- Receivables within one year +€47,797
up €47,797 (+224%), from €21,314 to €69,111
of which Other amounts receivable: +€64,260
- Tangible fixed assets -€14,679
down €14,679 (-3.6%), from €407,655 to €392,976
of which Land and buildings: -€14,489
Equity and liabilities
- Trade debts +€59,974
up €59,974 (+137%), from €43,750 to €103,724
- Debts after one year -€49,353
down €49,353 (-49.8%), from €99,147 to €49,794
- Current portion of long-term debt -€24,138
down €24,138 (-18.3%), from €131,926 to €107,788
- Other debts +€23,384
up €23,384 (+90.4%), from €25,862 to €49,245
- Profit (loss) carried forward +€21,941
up €21,941 (+17.9%), from -€122,470 to -€100,529
Income statement
- Gross operating margin +€73,453
up €73,453 (+18.2%), from €402,545 to €475,998
- Staff costs +€38,198
up €38,198 (+9.8%), from €390,372 to €428,570
- Taxes +€4,781
new in 2025: €4,781
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
-€14,649
Gross operating margin
+€73,453
Staff costs
-€38,198
Other operating charges
-€2,995
Other operating items
+€6,731
Financial income
-€1,116
Financial charges
-€1,551
Taxes
-€4,781
Result 2025
€16,894
raises the resultlowers the resultnot broken down further in the accounts
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
+€65,116
Investment
€0
Financing
-€62,287
Cash 2024
€90
From operations (derived)
+€65,116
Net result for the year
+€16,894
Depreciation
+€14,679
Receivables within one year
-€47,797
Provisions
-€2,598
Trade debts
+€59,974
Tax, wage and social debts
+€581
Other debts
+€23,384
Financing
-€62,287
Debts after one year
-€49,353
Current portion of long-term debt
-€24,138
Short-term financial debts
+€11,204
Cash 2025
€2,919
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,599 | €563,547 | +€35,947 | +6.8% |
| Fixed assets | 21/28 | €506,195 | €491,516 | -€14,679 | -2.9% |
| Tangible fixed assets | 22/27 | €407,655 | €392,976 | -€14,679 | -3.6% |
| Land and buildings | 22 | €401,465 | €386,976 | -€14,489 | -3.6% |
| Plant, machinery and equipment | 23 | €6,000 | €6,000 | = | 0.0% |
| Leasing and similar rights | 25 | €190 | €0 | -€190 | -100% |
| Financial fixed assets | 28 | €98,540 | €98,540 | = | 0.0% |
| Current assets | 29/58 | €21,404 | €72,031 | +€50,626 | +237% |
| Amounts receivable within one year | 40/41 | €21,314 | €69,111 | +€47,797 | +224% |
| Trade receivables | 40 | €16,463 | €0 | -€16,463 | -100% |
| Other amounts receivable | 41 | €4,851 | €69,111 | +€64,260 | +1,325% |
| Cash at bank and in hand | 54/58 | €90 | €2,919 | +€2,829 | +3,143% |
| Total equity and liabilities | 10/49 | €527,599 | €563,547 | +€35,947 | +6.8% |
| Equity | 10/15 | €141,679 | €158,573 | +€16,894 | +11.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €201,148 | €196,102 | -€5,046 | -2.5% |
| Tax-exempt reserves | 132 | €111,018 | €105,971 | -€5,046 | -4.5% |
| Distributable reserves | 133 | €90,131 | €90,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,470 | -€100,529 | +€21,941 | +17.9% |
| Provisions and deferred taxes | 16 | €57,165 | €54,567 | -€2,598 | -4.5% |
| Deferred taxes | 168 | €57,165 | €54,567 | -€2,598 | -4.5% |
| Amounts payable | 17/49 | €328,755 | €350,407 | +€21,651 | +6.6% |
| Amounts payable after more than one year | 17 | €99,147 | €49,794 | -€49,353 | -49.8% |
| Financial debts | 170/4 | €99,147 | €49,794 | -€49,353 | -49.8% |
| Amounts payable within one year | 42/48 | €229,609 | €300,613 | +€71,004 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €131,926 | €107,788 | -€24,138 | -18.3% |
| Financial debts | 43 | €7,205 | €18,409 | +€11,204 | +155% |
| Credit institutions | 430/8 | €7,205 | €18,409 | +€11,204 | +155% |
| Trade debts | 44 | €43,750 | €103,724 | +€59,974 | +137% |
| Suppliers | 440/4 | €43,750 | €103,724 | +€59,974 | +137% |
| Taxes, remuneration and social security | 45 | €20,866 | €21,447 | +€581 | +2.8% |
| Taxes | 450/3 | €4,592 | €5,081 | +€489 | +10.6% |
| Remuneration and social security | 454/9 | €16,274 | €16,366 | +€92 | +0.6% |
| Other amounts payable | 47/48 | €25,862 | €49,245 | +€23,384 | +90.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,790 | €54,935 | +€46,145 | +525% |
| Remuneration, social security and pensions | 62 | €390,372 | €428,570 | +€38,198 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,679 | €14,679 | = | 0.0% |
| Other operating charges | 640/8 | €2,457 | €5,452 | +€2,995 | +122% |
| Non-recurring operating charges | 66A | €6,731 | €0 | -€6,731 | -100% |
| Gross operating margin | 9900 | €402,545 | €475,998 | +€73,453 | +18.2% |
| Operating profit (loss) | 9901 | -€11,694 | €27,297 | +€38,991 | |
| Financial income | 75/76B | €1,116 | €0 | -€1,116 | -100% |
| Recurring financial income | 75 | €1,116 | €0 | -€1,116 | -100% |
| Financial charges | 65/66B | €6,669 | €8,220 | +€1,551 | +23.3% |
| Recurring financial charges | 65 | €6,669 | €8,220 | +€1,551 | +23.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€17,247 | €19,077 | +€36,324 | |
| Transfer from deferred taxes | 780 | €2,598 | €2,598 | = | 0.0% |
| Income taxes | 67/77 | - | €4,781 | +€4,781 | |
| Profit (loss) for the period | 9904 | -€14,649 | €16,894 | +€31,543 | |
| Transfer from tax-exempt reserves | 789 | €5,046 | €5,046 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,602 | €21,941 | +€31,543 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.