MOUTON: 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.
MOUTON
Largest movements
- Cash -€200,158
down €200,158 (-42.8%), from €468,188 to €268,029
mainly Contributions, distributions and other (-€383,280) and Receivables within one year (-€120,897)
- Deferred charges and accrued income -€163,257
down €163,257 (-23.6%), from €691,837 to €528,580
- Receivables within one year +€120,897
up €120,897 (+41.7%), from €290,131 to €411,029
of which Trade receivables: +€86,258
- Current investments -€28,510
no longer reported in 2025 (was €28,510)
- Receivables after one year -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Reserves -€383,280
down €383,280 (-57.2%), from €670,083 to €286,803
of which Distributable reserves: -€354,770
- Other debts +€115,000
up €115,000 (+135%), from €85,000 to €200,000
- Trade debts -€16,230
down €16,230 (-4.3%), from €374,481 to €358,250
- Gross operating margin -€200,224
down €200,224 (-27.4%), from €732,053 to €531,830
- Taxes -€59,042
down €59,042 (-95.3%), from €61,962 to €2,920
- Staff costs +€33,968
up €33,968 (+7.3%), from €468,367 to €502,335
- Financial income +€9,604
up €9,604 (+168%), from €5,723 to €15,327
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 | €1,609,504 | €1,316,850 | -€292,654 | -18.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €80,838 | €79,213 | -€1,626 | -2.0% |
| Intangible fixed assets | 21 | €7,158 | €3,389 | -€3,768 | -52.6% |
| Tangible fixed assets | 22/27 | €67,680 | €69,823 | +€2,143 | +3.2% |
| Plant, machinery and equipment | 23 | €11,112 | €15,509 | +€4,397 | +39.6% |
| Furniture and vehicles | 24 | €0 | €1,296 | +€1,296 | |
| Other tangible fixed assets | 26 | €56,568 | €53,019 | -€3,550 | -6.3% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,528,666 | €1,237,638 | -€291,028 | -19.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Other amounts receivable | 291 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €290,131 | €411,029 | +€120,897 | +41.7% |
| Trade receivables | 40 | €276,178 | €362,436 | +€86,258 | +31.2% |
| Other amounts receivable | 41 | €13,953 | €48,592 | +€34,639 | +248% |
| Current investments | 50/53 | €28,510 | - | -€28,510 | |
| Cash at bank and in hand | 54/58 | €468,188 | €268,029 | -€200,158 | -42.8% |
| Deferred charges and accrued income | 490/1 | €691,837 | €528,580 | -€163,257 | -23.6% |
| Total equity and liabilities | 10/49 | €1,609,504 | €1,316,850 | -€292,654 | -18.2% |
| Equity | 10/15 | €695,283 | €305,476 | -€389,807 | -56.1% |
| Contributions | 10/11 | €25,200 | €25,200 | = | 0.0% |
| Reserves | 13 | €670,083 | €286,803 | -€383,280 | -57.2% |
| Non-distributable reserves | 130/1 | €28,510 | - | -€28,510 | |
| Own shares acquired | 1312 | €28,510 | - | -€28,510 | |
| Distributable reserves | 133 | €641,573 | €286,803 | -€354,770 | -55.3% |
| Profit (loss) carried forward | 14 | - | -€6,527 | -€6,527 | |
| Amounts payable | 17/49 | €914,222 | €1,011,374 | +€97,153 | +10.6% |
| Amounts payable after more than one year | 17 | €331,856 | €330,000 | -€1,856 | -0.6% |
| Financial debts | 170/4 | €331,856 | €330,000 | -€1,856 | -0.6% |
| Amounts payable within one year | 42/48 | €556,862 | €658,860 | +€101,998 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €10,992 | €1,856 | -€9,136 | -83.1% |
| Trade debts | 44 | €374,481 | €358,250 | -€16,230 | -4.3% |
| Suppliers | 440/4 | €374,481 | €358,250 | -€16,230 | -4.3% |
| Taxes, remuneration and social security | 45 | €86,390 | €98,754 | +€12,364 | +14.3% |
| Taxes | 450/3 | €26,270 | €48,029 | +€21,759 | +82.8% |
| Remuneration and social security | 454/9 | €60,120 | €50,725 | -€9,396 | -15.6% |
| Other amounts payable | 47/48 | €85,000 | €200,000 | +€115,000 | +135% |
| Accrued charges and deferred income | 492/3 | €25,504 | €22,514 | -€2,989 | -11.7% |
| Remuneration, social security and pensions | 62 | €468,367 | €502,335 | +€33,968 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,433 | €22,050 | -€4,383 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,557 | - | -€3,557 | |
| Other operating charges | 640/8 | €1,702 | €1,748 | +€46 | +2.7% |
| Gross operating margin | 9900 | €732,053 | €531,830 | -€200,224 | -27.4% |
| Operating profit (loss) | 9901 | €231,995 | €5,697 | -€226,298 | -97.5% |
| Financial income | 75/76B | €5,723 | €15,327 | +€9,604 | +168% |
| Recurring financial income | 75 | €5,723 | €15,327 | +€9,604 | +168% |
| Financial charges | 65/66B | €27,682 | €24,631 | -€3,051 | -11.0% |
| Recurring financial charges | 65 | €27,682 | €24,631 | -€3,051 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €210,037 | -€3,606 | -€213,643 | |
| Income taxes | 67/77 | €61,962 | €2,920 | -€59,042 | -95.3% |
| Profit (loss) for the period | 9904 | €148,075 | -€6,527 | -€154,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €148,075 | -€6,527 | -€154,601 |
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 13 October 2026 via checked.be.