MOUTHOY: 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.
MOUTHOY
Largest movements
- Receivables within one year +€120,948
up €120,948 (+312%), from €38,743 to €159,691
of which Trade receivables: +€120,147
- Cash +€78,748
up €78,748 (+42.9%), from €183,648 to €262,396
mainly Net result for the year (+€128,500) and Trade debts (+€104,171)
- Tangible fixed assets -€6,796
down €6,796 (-4.7%), from €143,596 to €136,799
- Reserves +€125,000
new in 2025: €125,000
- Trade debts +€104,171
up €104,171 (+1,120%), from €9,304 to €113,475
- Advances received -€39,430
down €39,430 (-78.0%), from €50,530 to €11,100
- Other debts -€17,532
down €17,532 (-65.5%), from €26,766 to €9,233
- Tax, wage and social debts +€17,152
up €17,152 (+53.4%), from €32,147 to €49,299
of which Taxes: +€18,410
- Gross operating margin +€197,803
up €197,803 (+98.3%), from €201,267 to €399,070
- Staff costs +€77,183
up €77,183 (+65.6%), from €117,677 to €194,860
- Taxes +€46,973
up €46,973 (+536%), from €8,760 to €55,732
- Other operating charges -€13,998
down €13,998 (-90.3%), from €15,501 to €1,504
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 | €368,816 | €561,676 | +€192,861 | +52.3% |
| Fixed assets | 21/28 | €143,596 | €136,799 | -€6,796 | -4.7% |
| Tangible fixed assets | 22/27 | €143,596 | €136,799 | -€6,796 | -4.7% |
| Land and buildings | 22 | €99,900 | €99,900 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,934 | €11,875 | -€3,059 | -20.5% |
| Furniture and vehicles | 24 | €25,298 | €22,021 | -€3,277 | -13.0% |
| Other tangible fixed assets | 26 | €3,463 | €3,003 | -€460 | -13.3% |
| Current assets | 29/58 | €225,220 | €424,877 | +€199,657 | +88.6% |
| Amounts receivable within one year | 40/41 | €38,743 | €159,691 | +€120,948 | +312% |
| Trade receivables | 40 | €21,848 | €141,995 | +€120,147 | +550% |
| Other amounts receivable | 41 | €16,895 | €17,696 | +€801 | +4.7% |
| Cash at bank and in hand | 54/58 | €183,648 | €262,396 | +€78,748 | +42.9% |
| Deferred charges and accrued income | 490/1 | €2,829 | €2,790 | -€39 | -1.4% |
| Total equity and liabilities | 10/49 | €368,816 | €561,676 | +€192,861 | +52.3% |
| Equity | 10/15 | €250,069 | €378,569 | +€128,500 | +51.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €125,000 | +€125,000 | |
| Distributable reserves | 133 | - | €125,000 | +€125,000 | |
| Profit (loss) carried forward | 14 | €247,069 | €250,569 | +€3,500 | +1.4% |
| Amounts payable | 17/49 | €118,747 | €183,107 | +€64,360 | +54.2% |
| Amounts payable within one year | 42/48 | €118,747 | €183,107 | +€64,360 | +54.2% |
| Trade debts | 44 | €9,304 | €113,475 | +€104,171 | +1,120% |
| Suppliers | 440/4 | €9,304 | €113,475 | +€104,171 | +1,120% |
| Advances received on contracts in progress | 46 | €50,530 | €11,100 | -€39,430 | -78.0% |
| Taxes, remuneration and social security | 45 | €32,147 | €49,299 | +€17,152 | +53.4% |
| Taxes | 450/3 | €13,592 | €32,002 | +€18,410 | +135% |
| Remuneration and social security | 454/9 | €18,556 | €17,297 | -€1,258 | -6.8% |
| Other amounts payable | 47/48 | €26,766 | €9,233 | -€17,532 | -65.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €117,677 | €194,860 | +€77,183 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,390 | €20,999 | +€1,609 | +8.3% |
| Other operating charges | 640/8 | €15,501 | €1,504 | -€13,998 | -90.3% |
| Non-recurring operating charges | 66A | €9,182 | - | -€9,182 | |
| Gross operating margin | 9900 | €201,267 | €399,070 | +€197,803 | +98.3% |
| Operating profit (loss) | 9901 | €39,516 | €181,708 | +€142,192 | +360% |
| Financial income | 75/76B | €2,243 | €2,477 | +€234 | +10.4% |
| Recurring financial income | 75 | €2,243 | €2,477 | +€234 | +10.4% |
| Financial charges | 65/66B | €289 | -€48 | -€337 | |
| Recurring financial charges | 65 | €289 | -€48 | -€337 | |
| Profit (loss) for the period before taxes | 9903 | €41,470 | €184,233 | +€142,763 | +344% |
| Income taxes | 67/77 | €8,760 | €55,732 | +€46,973 | +536% |
| Profit (loss) for the period | 9904 | €32,710 | €128,500 | +€95,790 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €32,710 | €128,500 | +€95,790 | +293% |
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 29 October 2026 via checked.be.