EJ MULLER: 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.
EJ MULLER
Largest movements
- Cash +€4,313
up €4,313 (+243%), from €1,773 to €6,086
mainly Net result for the year (+€3,258) and Advances received (+€2,181)
- Receivables within one year +€3,914
up €3,914 (+24.2%), from €16,195 to €20,109
- Profit (loss) carried forward +€3,258
up €3,258 (+24.6%), from €13,236 to €16,494
- Advances received +€2,181
new in 2025: €2,181
- Trade debts +€1,763
up €1,763 (+64.5%), from €2,732 to €4,495
- Tax, wage and social debts +€1,025
new in 2025: €1,025
- Gross operating margin +€3,996
up €3,996 (+1,066%), from €375 to €4,371
- Taxes +€1,025
new in 2025: €1,025
- Financial charges -€414
down €414 (-82.5%), from €502 to €88
of which Financial charges: -€414
- Other operating charges -€358
no longer reported in 2025 (was €358)
- Financial income -€258
no longer reported in 2025 (was €258)
of which Financial income: -€258
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 | €17,968 | €26,195 | +€8,227 | +45.8% |
| Current assets | 29/58 | €17,968 | €26,195 | +€8,227 | +45.8% |
| Amounts receivable within one year | 40/41 | €16,195 | €20,109 | +€3,914 | +24.2% |
| Other amounts receivable | 41 | €16,195 | €20,109 | +€3,914 | +24.2% |
| Cash at bank and in hand | 54/58 | €1,773 | €6,086 | +€4,313 | +243% |
| Total equity and liabilities | 10/49 | €17,968 | €26,195 | +€8,227 | +45.8% |
| Equity | 10/15 | €15,236 | €18,494 | +€3,258 | +21.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,236 | €16,494 | +€3,258 | +24.6% |
| Amounts payable | 17/49 | €2,732 | €7,701 | +€4,969 | +182% |
| Amounts payable within one year | 42/48 | €2,732 | €7,701 | +€4,969 | +182% |
| Trade debts | 44 | €2,732 | €4,495 | +€1,763 | +64.5% |
| Suppliers | 440/4 | €2,732 | €4,495 | +€1,763 | +64.5% |
| Advances received on contracts in progress | 46 | - | €2,181 | +€2,181 | |
| Taxes, remuneration and social security | 45 | - | €1,025 | +€1,025 | |
| Taxes | 450/3 | - | €1,025 | +€1,025 | |
| Other operating charges | 640/8 | €358 | - | -€358 | |
| Gross operating margin | 9900 | €375 | €4,371 | +€3,996 | +1,066% |
| Operating profit (loss) | 9901 | €17 | €4,371 | +€4,354 | +25,612% |
| Financial income | 75/76B | €258 | - | -€258 | |
| Recurring financial income | 75 | €258 | - | -€258 | |
| Non-recurring financial income | 76B | €258 | - | -€258 | |
| Financial charges | 65/66B | €502 | €88 | -€414 | -82.5% |
| Recurring financial charges | 65 | €502 | €88 | -€414 | -82.5% |
| Non-recurring financial charges | 66B | €502 | €88 | -€414 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€227 | €4,283 | +€4,510 | |
| Income taxes | 67/77 | - | €1,025 | +€1,025 | |
| Profit (loss) for the period | 9904 | -€227 | €3,258 | +€3,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227 | €3,258 | +€3,485 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.