MAUNT: 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.
MAUNT
Largest movements
- Financial fixed assets -€608,000
no longer reported in 2025 (was €608,000)
- Receivables within one year +€108,127
up €108,127 (+736.0%), from €14,692 to €122,819
of which Other amounts receivable: +€89,216
- Cash +€26,604
up €26,604 (+144.5%), from €18,415 to €45,019
mainly Investment in fixed assets (net) (+€608,000) and Depreciation (+€16,112)
- Tangible fixed assets -€16,112
down €16,112 (-38.9%), from €41,472 to €25,359
of which Furniture and vehicles: -€15,696
- Debts after one year -€389,212
down €389,212 (-82.8%), from €470,093 to €80,881
- Profit (loss) carried forward -€75,866
new in 2025: -€75,866
- Current portion of long-term debt -€33,234
down €33,234 (-52.0%), from €63,930 to €30,696
- Tax, wage and social debts +€12,028
up €12,028 (+149.2%), from €8,060 to €20,088
- Financial charges +€111,147
up €111,147 (+950.2%), from €11,697 to €122,844
- Gross operating margin +€39,337
up €39,337 (+130.3%), from €30,180 to €69,517
- Taxes +€7,380
up €7,380 (+353.5%), from €2,088 to €9,467
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 | €682,579 | €193,197 | -€489,382 | -71.7% |
| Fixed assets | 21/28 | €649,472 | €25,359 | -€624,112 | -96.1% |
| Tangible fixed assets | 22/27 | €41,472 | €25,359 | -€16,112 | -38.9% |
| Plant, machinery and equipment | 23 | €416 | - | -€416 | |
| Furniture and vehicles | 24 | €41,056 | €25,359 | -€15,696 | -38.2% |
| Financial fixed assets | 28 | €608,000 | - | -€608,000 | |
| Current assets | 29/58 | €33,107 | €167,838 | +€134,731 | +407.0% |
| Amounts receivable within one year | 40/41 | €14,692 | €122,819 | +€108,127 | +736.0% |
| Trade receivables | 40 | €5,537 | €24,448 | +€18,911 | +341.5% |
| Other amounts receivable | 41 | €9,155 | €98,371 | +€89,216 | +974.5% |
| Cash at bank and in hand | 54/58 | €18,415 | €45,019 | +€26,604 | +144.5% |
| Total equity and liabilities | 10/49 | €682,579 | €193,197 | -€489,382 | -71.7% |
| Equity | 10/15 | €133,039 | €52,684 | -€80,355 | -60.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,439 | €109,950 | -€4,489 | -3.9% |
| Non-distributable reserves | 130/1 | €3,100 | - | -€3,100 | |
| Reserves not available under the articles | 1311 | €3,100 | - | -€3,100 | |
| Distributable reserves | 133 | €111,339 | €109,950 | -€1,389 | -1.2% |
| Profit (loss) carried forward | 14 | - | -€75,866 | -€75,866 | |
| Amounts payable | 17/49 | €549,540 | €140,513 | -€409,027 | -74.4% |
| Amounts payable after more than one year | 17 | €470,093 | €80,881 | -€389,212 | -82.8% |
| Financial debts | 170/4 | €470,093 | €80,881 | -€389,212 | -82.8% |
| Amounts payable within one year | 42/48 | €75,697 | €59,632 | -€16,065 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €63,930 | €30,696 | -€33,234 | -52.0% |
| Trade debts | 44 | €3,708 | €8,848 | +€5,140 | +138.6% |
| Suppliers | 440/4 | €3,708 | €8,848 | +€5,140 | +138.6% |
| Taxes, remuneration and social security | 45 | €8,060 | €20,088 | +€12,028 | +149.2% |
| Taxes | 450/3 | €8,060 | €20,088 | +€12,028 | +149.2% |
| Accrued charges and deferred income | 492/3 | €3,750 | - | -€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,794 | €16,112 | -€681 | -4.1% |
| Other operating charges | 640/8 | €1,351 | €1,872 | +€521 | +38.6% |
| Gross operating margin | 9900 | €30,180 | €69,517 | +€39,337 | +130.3% |
| Operating profit (loss) | 9901 | €12,035 | €51,533 | +€39,497 | +328.2% |
| Financial income | 75/76B | €158 | €423 | +€265 | +167.6% |
| Recurring financial income | 75 | €158 | €423 | +€265 | +167.6% |
| Financial charges | 65/66B | €11,697 | €122,844 | +€111,147 | +950.2% |
| Recurring financial charges | 65 | €11,697 | €122,844 | +€111,147 | +950.2% |
| Profit (loss) for the period before taxes | 9903 | €497 | -€70,888 | -€71,385 | |
| Income taxes | 67/77 | €2,088 | €9,467 | +€7,380 | +353.5% |
| Profit (loss) for the period | 9904 | -€1,591 | -€80,355 | -€78,764 | -4950.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,591 | -€80,355 | -€78,764 | -4950.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.