MOUN: 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.
MOUN
Largest movements
- Cash +€67,693
up €67,693 (+30.5%), from €222,241 to €289,935
mainly Net result for the year (+€72,363) and Other debts (+€36,658)
- Receivables within one year +€6,392
new in 2025: €6,392
- Profit (loss) carried forward +€37,069
up €37,069 (+19.3%), from €191,601 to €228,670
- Other debts +€36,658
up €36,658 (+75.8%), from €48,343 to €85,001
- Gross operating margin -€7,542
down €7,542 (-5.8%), from €129,391 to €121,848
- Taxes -€7,493
down €7,493 (-28.7%), from €26,101 to €18,608
- Staff costs +€4,433
up €4,433 (+21.2%), from €20,918 to €25,351
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 | €273,345 | €346,574 | +€73,228 | +26.8% |
| Formation expenses | 20 | €340 | €172 | -€168 | -49.4% |
| Fixed assets | 21/28 | €2,341 | €1,652 | -€689 | -29.4% |
| Tangible fixed assets | 22/27 | €1,978 | €1,289 | -€689 | -34.8% |
| Plant, machinery and equipment | 23 | €1,978 | €1,289 | -€689 | -34.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €270,665 | €344,750 | +€74,085 | +27.4% |
| Stocks and contracts in progress | 3 | €47,382 | €48,051 | +€669 | +1.4% |
| Stocks | 30/36 | €47,382 | €48,051 | +€669 | +1.4% |
| Amounts receivable within one year | 40/41 | - | €6,392 | +€6,392 | |
| Other amounts receivable | 41 | - | €6,392 | +€6,392 | |
| Cash at bank and in hand | 54/58 | €222,241 | €289,935 | +€67,693 | +30.5% |
| Deferred charges and accrued income | 490/1 | €1,042 | €373 | -€669 | -64.2% |
| Total equity and liabilities | 10/49 | €273,345 | €346,574 | +€73,228 | +26.8% |
| Equity | 10/15 | €201,601 | €238,670 | +€37,069 | +18.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,601 | €228,670 | +€37,069 | +19.3% |
| Amounts payable | 17/49 | €71,744 | €107,904 | +€36,160 | +50.4% |
| Amounts payable within one year | 42/48 | €71,744 | €107,904 | +€36,160 | +50.4% |
| Trade debts | 44 | €5,572 | €6,531 | +€959 | +17.2% |
| Suppliers | 440/4 | €5,572 | €6,531 | +€959 | +17.2% |
| Taxes, remuneration and social security | 45 | €17,829 | €16,372 | -€1,457 | -8.2% |
| Taxes | 450/3 | €12,556 | €12,896 | +€340 | +2.7% |
| Remuneration and social security | 454/9 | €5,273 | €3,476 | -€1,797 | -34.1% |
| Other amounts payable | 47/48 | €48,343 | €85,001 | +€36,658 | +75.8% |
| Non-recurring operating income | 76A | - | €111 | +€111 | |
| Remuneration, social security and pensions | 62 | €20,918 | €25,351 | +€4,433 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €857 | = | 0.0% |
| Other operating charges | 640/8 | €266 | €546 | +€279 | +105% |
| Non-recurring operating charges | 66A | €1,115 | - | -€1,115 | |
| Gross operating margin | 9900 | €129,391 | €121,848 | -€7,542 | -5.8% |
| Operating profit (loss) | 9901 | €106,235 | €95,095 | -€11,141 | -10.5% |
| Financial income | 75/76B | €72 | €484 | +€411 | +570% |
| Recurring financial income | 75 | €72 | €484 | +€411 | +570% |
| Financial charges | 65/66B | €5,107 | €4,607 | -€500 | -9.8% |
| Recurring financial charges | 65 | €5,107 | €4,607 | -€500 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €101,201 | €90,971 | -€10,230 | -10.1% |
| Income taxes | 67/77 | €26,101 | €18,608 | -€7,493 | -28.7% |
| Profit (loss) for the period | 9904 | €75,100 | €72,363 | -€2,737 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,100 | €72,363 | -€2,737 | -3.6% |
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 24 October 2026 via checked.be.