Dos Mulas: 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.
Dos Mulas
Largest movements
- Cash +€42,712
up €42,712 (+30.0%), from €142,521 to €185,233
mainly Net result for the year (+€53,548) and Depreciation (+€20,050)
- Tangible fixed assets -€18,811
down €18,811 (-7.6%), from €247,848 to €229,037
of which Furniture and vehicles: -€14,227
- Receivables within one year +€5,096
up €5,096 (+42.3%), from €12,061 to €17,158
of which Trade receivables: +€13,689
- Reserves +€33,548
up €33,548 (+19.2%), from €174,554 to €208,102
- Debts after one year -€23,210
down €23,210 (-35.5%), from €65,374 to €42,164
- Other debts +€13,952
up €13,952 (+13.6%), from €102,784 to €116,736
- Tax, wage and social debts +€6,458
up €6,458 (+65.0%), from €9,928 to €16,386
- Gross operating margin +€10,626
up €10,626 (+11.6%), from €91,968 to €102,595
- Depreciation +€6,883
up €6,883 (+52.3%), from €13,167 to €20,050
- Taxes +€6,827
up €6,827 (+59.9%), from €11,408 to €18,235
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 | €404,248 | €436,440 | +€32,192 | +8.0% |
| Fixed assets | 21/28 | €247,848 | €229,037 | -€18,811 | -7.6% |
| Tangible fixed assets | 22/27 | €247,848 | €229,037 | -€18,811 | -7.6% |
| Land and buildings | 22 | €184,627 | €180,459 | -€4,168 | -2.3% |
| Plant, machinery and equipment | 23 | €751 | €335 | -€416 | -55.4% |
| Furniture and vehicles | 24 | €62,470 | €48,243 | -€14,227 | -22.8% |
| Current assets | 29/58 | €156,400 | €207,403 | +€51,003 | +32.6% |
| Amounts receivable within one year | 40/41 | €12,061 | €17,158 | +€5,096 | +42.3% |
| Trade receivables | 40 | €3,469 | €17,158 | +€13,689 | +394.6% |
| Other amounts receivable | 41 | €8,592 | - | -€8,592 | |
| Cash at bank and in hand | 54/58 | €142,521 | €185,233 | +€42,712 | +30.0% |
| Deferred charges and accrued income | 490/1 | €1,817 | €5,013 | +€3,195 | +175.8% |
| Total equity and liabilities | 10/49 | €404,248 | €436,440 | +€32,192 | +8.0% |
| Equity | 10/15 | €195,252 | €228,800 | +€33,548 | +17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €174,554 | €208,102 | +€33,548 | +19.2% |
| Distributable reserves | 133 | €174,554 | €208,102 | +€33,548 | +19.2% |
| Profit (loss) carried forward | 14 | €698 | €698 | = | 0.0% |
| Amounts payable | 17/49 | €208,996 | €207,641 | -€1,355 | -0.6% |
| Amounts payable after more than one year | 17 | €65,374 | €42,164 | -€23,210 | -35.5% |
| Financial debts | 170/4 | €65,374 | €42,164 | -€23,210 | -35.5% |
| Amounts payable within one year | 42/48 | €138,226 | €160,656 | +€22,430 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €22,600 | €23,210 | +€610 | +2.7% |
| Trade debts | 44 | €2,915 | €4,324 | +€1,410 | +48.4% |
| Suppliers | 440/4 | €2,915 | €4,324 | +€1,410 | +48.4% |
| Taxes, remuneration and social security | 45 | €9,928 | €16,386 | +€6,458 | +65.0% |
| Taxes | 450/3 | €9,928 | €16,386 | +€6,458 | +65.0% |
| Other amounts payable | 47/48 | €102,784 | €116,736 | +€13,952 | +13.6% |
| Accrued charges and deferred income | 492/3 | €5,395 | €4,820 | -€575 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,167 | €20,050 | +€6,883 | +52.3% |
| Other operating charges | 640/8 | €789 | €1,363 | +€573 | +72.6% |
| Gross operating margin | 9900 | €91,968 | €102,595 | +€10,626 | +11.6% |
| Operating profit (loss) | 9901 | €78,012 | €81,182 | +€3,170 | +4.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €9,706 | €9,400 | -€307 | -3.2% |
| Recurring financial charges | 65 | €9,706 | €9,400 | -€307 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €68,305 | €71,783 | +€3,477 | +5.1% |
| Income taxes | 67/77 | €11,408 | €18,235 | +€6,827 | +59.9% |
| Profit (loss) for the period | 9904 | €56,898 | €53,548 | -€3,350 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,898 | €53,548 | -€3,350 | -5.9% |
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 30 September 2026 via checked.be.