Mouton Steve: 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 Steve
Largest movements
- Cash +€110,268
up €110,268 (+75.2%), from €146,587 to €256,855
mainly Net result for the year (+€122,816) and Other debts (+€43,943)
- Stocks and contracts +€79,043
up €79,043 (+24.2%), from €326,104 to €405,147
- Tangible fixed assets -€8,652
down €8,652 (-20.3%), from €42,626 to €33,974
of which Furniture and vehicles: -€12,566
- Reserves +€86,140
up €86,140 (+28.6%), from €300,808 to €386,949
- Other debts +€43,943
up €43,943 (+27.0%), from €162,965 to €206,908
- Tax, wage and social debts +€37,886
up €37,886 (+303%), from €12,494 to €50,380
- Trade debts +€12,799
up €12,799 (+264%), from €4,846 to €17,645
- Gross operating margin +€116,859
up €116,859 (+142%), from €82,257 to €199,116
- Taxes +€29,780
up €29,780 (+150%), from €19,865 to €49,645
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 | €518,576 | €699,797 | +€181,221 | +34.9% |
| Fixed assets | 21/28 | €43,395 | €34,742 | -€8,652 | -19.9% |
| Tangible fixed assets | 22/27 | €42,626 | €33,974 | -€8,652 | -20.3% |
| Plant, machinery and equipment | 23 | €5,617 | €9,531 | +€3,914 | +69.7% |
| Furniture and vehicles | 24 | €37,009 | €24,443 | -€12,566 | -34.0% |
| Financial fixed assets | 28 | €768 | €768 | = | 0.0% |
| Current assets | 29/58 | €475,182 | €665,055 | +€189,873 | +40.0% |
| Stocks and contracts in progress | 3 | €326,104 | €405,147 | +€79,043 | +24.2% |
| Stocks | 30/36 | €326,104 | €405,147 | +€79,043 | +24.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,587 | €256,855 | +€110,268 | +75.2% |
| Deferred charges and accrued income | 490/1 | €2,241 | €2,803 | +€562 | +25.1% |
| Total equity and liabilities | 10/49 | €518,576 | €699,797 | +€181,221 | +34.9% |
| Equity | 10/15 | €319,408 | €405,549 | +€86,140 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,808 | €386,949 | +€86,140 | +28.6% |
| Distributable reserves | 133 | €300,808 | €386,949 | +€86,140 | +28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,168 | €294,249 | +€95,081 | +47.7% |
| Amounts payable after more than one year | 17 | €12,263 | €6,176 | -€6,087 | -49.6% |
| Financial debts | 170/4 | €12,263 | €6,176 | -€6,087 | -49.6% |
| Amounts payable within one year | 42/48 | €186,905 | €288,025 | +€101,120 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €5,999 | €6,087 | +€88 | +1.5% |
| Trade debts | 44 | €4,846 | €17,645 | +€12,799 | +264% |
| Suppliers | 440/4 | €4,846 | €17,645 | +€12,799 | +264% |
| Advances received on contracts in progress | 46 | €601 | €7,005 | +€6,404 | +1,066% |
| Taxes, remuneration and social security | 45 | €12,494 | €50,380 | +€37,886 | +303% |
| Taxes | 450/3 | €12,494 | €50,380 | +€37,886 | +303% |
| Other amounts payable | 47/48 | €162,965 | €206,908 | +€43,943 | +27.0% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,846 | €14,666 | -€179 | -1.2% |
| Other operating charges | 640/8 | €2,337 | €2,346 | +€9 | +0.4% |
| Gross operating margin | 9900 | €82,257 | €199,116 | +€116,859 | +142% |
| Operating profit (loss) | 9901 | €65,074 | €182,103 | +€117,029 | +180% |
| Financial income | 75/76B | €1,130 | €2,550 | +€1,420 | +126% |
| Recurring financial income | 75 | €1,130 | €2,550 | +€1,420 | +126% |
| Financial charges | 65/66B | €10,552 | €12,192 | +€1,640 | +15.5% |
| Recurring financial charges | 65 | €10,552 | €12,192 | +€1,640 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €55,652 | €172,461 | +€116,809 | +210% |
| Income taxes | 67/77 | €19,865 | €49,645 | +€29,780 | +150% |
| Profit (loss) for the period | 9904 | €35,786 | €122,816 | +€87,029 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €35,786 | €122,816 | +€87,029 | +243% |
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 16 October 2026 via checked.be.