GROUPE MUKEZA: 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.
GROUPE MUKEZA
Largest movements
- Financial fixed assets +€7,200
new in 2025: €7,200
- Tangible fixed assets +€5,743
up €5,743 (+295%), from €1,944 to €7,686
of which Furniture and vehicles: +€6,714
- Cash +€5,017
up €5,017 (+17.2%), from €29,189 to €34,206
- Profit (loss) carried forward +€6,918
up €6,918 (+11.2%), from €61,828 to €68,746
- Debts after one year +€5,488
new in 2025: €5,488
- Tax, wage and social debts +€5,113
up €5,113 (+49.8%), from €10,267 to €15,381
- Trade debts -€4,572
down €4,572 (-79.9%), from €5,725 to €1,153
- Current portion of long-term debt +€4,372
new in 2025: €4,372
- Taxes +€8,640
new in 2025: €8,640
- Depreciation +€6,714
up €6,714 (+1,382%), from €486 to €7,200
- Gross operating margin +€1,863
up €1,863 (+7.2%), from €25,781 to €27,644
- Financial charges +€1,235
up €1,235 (+855%), from €144 to €1,379
- Financial income +€659
up €659 (+25.6%), from €2,575 to €3,234
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,488 | €117,807 | +€17,318 | +17.2% |
| Fixed assets | 21/28 | €1,944 | €14,886 | +€12,943 | +666% |
| Tangible fixed assets | 22/27 | €1,944 | €7,686 | +€5,743 | +295% |
| Plant, machinery and equipment | 23 | €1,944 | €972 | -€972 | -50.0% |
| Furniture and vehicles | 24 | - | €6,714 | +€6,714 | |
| Financial fixed assets | 28 | - | €7,200 | +€7,200 | |
| Current assets | 29/58 | €98,545 | €102,920 | +€4,376 | +4.4% |
| Stocks and contracts in progress | 3 | €423 | €342 | -€81 | -19.1% |
| Stocks | 30/36 | €423 | €342 | -€81 | -19.1% |
| Amounts receivable within one year | 40/41 | €68,932 | €68,372 | -€560 | -0.8% |
| Trade receivables | 40 | €3,821 | - | -€3,821 | |
| Other amounts receivable | 41 | €65,111 | €68,372 | +€3,261 | +5.0% |
| Cash at bank and in hand | 54/58 | €29,189 | €34,206 | +€5,017 | +17.2% |
| Total equity and liabilities | 10/49 | €100,488 | €117,807 | +€17,318 | +17.2% |
| Equity | 10/15 | €84,496 | €91,414 | +€6,918 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,068 | €4,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,208 | €2,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,828 | €68,746 | +€6,918 | +11.2% |
| Amounts payable | 17/49 | €15,992 | €26,393 | +€10,401 | +65.0% |
| Amounts payable after more than one year | 17 | - | €5,488 | +€5,488 | |
| Financial debts | 170/4 | - | €5,488 | +€5,488 | |
| Amounts payable within one year | 42/48 | €15,992 | €20,905 | +€4,913 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,372 | +€4,372 | |
| Trade debts | 44 | €5,725 | €1,153 | -€4,572 | -79.9% |
| Suppliers | 440/4 | €5,725 | €1,153 | -€4,572 | -79.9% |
| Taxes, remuneration and social security | 45 | €10,267 | €15,381 | +€5,113 | +49.8% |
| Taxes | 450/3 | €10,267 | €15,381 | +€5,113 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €7,200 | +€6,714 | +1,382% |
| Other operating charges | 640/8 | €2,021 | €2,274 | +€253 | +12.5% |
| Non-recurring operating charges | 66A | - | €6,644 | +€6,644 | |
| Gross operating margin | 9900 | €25,781 | €27,644 | +€1,863 | +7.2% |
| Operating profit (loss) | 9901 | €23,274 | €11,526 | -€11,748 | -50.5% |
| Financial income | 75/76B | €2,575 | €3,234 | +€659 | +25.6% |
| Recurring financial income | 75 | €2,575 | €3,234 | +€659 | +25.6% |
| Financial charges | 65/66B | €144 | €1,379 | +€1,235 | +855% |
| Recurring financial charges | 65 | €144 | €1,379 | +€1,235 | +855% |
| Profit (loss) for the period before taxes | 9903 | €25,705 | €13,381 | -€12,324 | -47.9% |
| Income taxes | 67/77 | - | €8,640 | +€8,640 | |
| Profit (loss) for the period | 9904 | €25,705 | €4,741 | -€20,964 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,705 | €4,741 | -€20,964 | -81.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.