IMMO 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.
IMMO MULLER
Largest movements
- Receivables within one year -€4,368
down €4,368 (-2.0%), from €214,100 to €209,732
of which Trade receivables: -€4,156
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€2,852
down €2,852, from €1,269 to -€1,583
- Taxes -€191
no longer reported in 2025 (was €191)
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 | €264,459 | €260,511 | -€3,948 | -1.5% |
| Fixed assets | 21/28 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €214,459 | €210,511 | -€3,948 | -1.8% |
| Amounts receivable within one year | 40/41 | €214,100 | €209,732 | -€4,368 | -2.0% |
| Trade receivables | 40 | €15,630 | €11,474 | -€4,156 | -26.6% |
| Other amounts receivable | 41 | €198,470 | €198,258 | -€212 | -0.1% |
| Cash at bank and in hand | 54/58 | €359 | €780 | +€420 | +117% |
| Total equity and liabilities | 10/49 | €264,459 | €260,511 | -€3,948 | -1.5% |
| Equity | 10/15 | €260,199 | €258,025 | -€2,174 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,999 | €189,825 | -€2,174 | -1.1% |
| Amounts payable | 17/49 | €4,260 | €2,487 | -€1,774 | -41.6% |
| Amounts payable within one year | 42/48 | €3,873 | €2,087 | -€1,786 | -46.1% |
| Trade debts | 44 | €1,840 | €1,897 | +€57 | +3.1% |
| Suppliers | 440/4 | €1,840 | €1,897 | +€57 | +3.1% |
| Taxes, remuneration and social security | 45 | €512 | €191 | -€322 | -62.8% |
| Taxes | 450/3 | €512 | €191 | -€322 | -62.8% |
| Other amounts payable | 47/48 | €1,521 | - | -€1,521 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €504 | €517 | +€12 | +2.5% |
| Gross operating margin | 9900 | €1,269 | -€1,583 | -€2,852 | |
| Operating profit (loss) | 9901 | €765 | -€2,099 | -€2,864 | |
| Financial charges | 65/66B | €65 | €75 | +€10 | +14.7% |
| Recurring financial charges | 65 | €65 | €75 | +€10 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €699 | -€2,174 | -€2,874 | |
| Income taxes | 67/77 | €191 | - | -€191 | |
| Profit (loss) for the period | 9904 | €509 | -€2,174 | -€2,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €509 | -€2,174 | -€2,683 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.