MOUTOY MANAGEMENT: 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.
MOUTOY MANAGEMENT
Largest movements
- Tangible fixed assets -€30,924
down €30,924 (-7.3%), from €423,466 to €392,543
of which Furniture and vehicles: -€19,484
- Cash -€22,873
down €22,873 (-99.8%), from €22,919 to €47
mainly Contributions, distributions and other (-€259,879) and Provisions (-€88,858)
- Reserves -€373,937
down €373,937 (-43.8%), from €854,433 to €480,496
of which Tax-exempt reserves: -€263,937
- Profit (loss) carried forward +€323,941
up €323,941, from -€321,528 to €2,413
- Provisions -€88,858
down €88,858 (-74.0%), from €120,009 to €31,151
- Tax, wage and social debts +€77,904
up €77,904 (+6,618%), from €1,177 to €79,082
- Short-term financial debts +€17,324
up €17,324 (+30,087%), from €58 to €17,382
- Gross operating margin +€222,031
up €222,031 (+206%), from €107,788 to €329,819
- Taxes +€77,096
up €77,096 (+9,538%), from €808 to €77,904
- Other operating charges -€77,054
down €77,054 (-88.5%), from €87,032 to €9,978
- Financial charges -€29,118
down €29,118 (-91.0%), from €31,986 to €2,869
of which Non-recurring financial charges: -€28,686
- Depreciation -€11,379
down €11,379 (-25.5%), from €44,619 to €33,240
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 | €803,562 | €746,491 | -€57,071 | -7.1% |
| Fixed assets | 21/28 | €749,413 | €718,489 | -€30,924 | -4.1% |
| Tangible fixed assets | 22/27 | €423,466 | €392,543 | -€30,924 | -7.3% |
| Land and buildings | 22 | €296,750 | €282,500 | -€14,250 | -4.8% |
| Plant, machinery and equipment | 23 | €32,043 | €13,513 | -€18,530 | -57.8% |
| Furniture and vehicles | 24 | €20,524 | €1,040 | -€19,484 | -94.9% |
| Other tangible fixed assets | 26 | €74,150 | €95,490 | +€21,340 | +28.8% |
| Financial fixed assets | 28 | €325,947 | €325,947 | = | 0.0% |
| Current assets | 29/58 | €54,149 | €28,002 | -€26,147 | -48.3% |
| Amounts receivable within one year | 40/41 | €25,785 | €26,603 | +€818 | +3.2% |
| Trade receivables | 40 | €157 | €479 | +€322 | +206% |
| Other amounts receivable | 41 | €25,629 | €26,125 | +€496 | +1.9% |
| Cash at bank and in hand | 54/58 | €22,919 | €47 | -€22,873 | -99.8% |
| Deferred charges and accrued income | 490/1 | €5,445 | €1,352 | -€4,093 | -75.2% |
| Total equity and liabilities | 10/49 | €803,562 | €746,491 | -€57,071 | -7.1% |
| Equity | 10/15 | €554,092 | €503,314 | -€50,778 | -9.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €854,433 | €480,496 | -€373,937 | -43.8% |
| Tax-exempt reserves | 132 | €324,433 | €60,496 | -€263,937 | -81.4% |
| Distributable reserves | 133 | €530,000 | €420,000 | -€110,000 | -20.8% |
| Profit (loss) carried forward | 14 | -€321,528 | €2,413 | +€323,941 | |
| Investment grants | 15 | €782 | €0 | -€782 | -100% |
| Provisions and deferred taxes | 16 | €120,009 | €31,151 | -€88,858 | -74.0% |
| Deferred taxes | 168 | €120,009 | €31,151 | -€88,858 | -74.0% |
| Amounts payable | 17/49 | €129,462 | €212,026 | +€82,565 | +63.8% |
| Amounts payable after more than one year | 17 | €80,120 | €67,651 | -€12,469 | -15.6% |
| Financial debts | 170/4 | €80,120 | €67,651 | -€12,469 | -15.6% |
| Amounts payable within one year | 42/48 | €49,276 | €141,629 | +€92,353 | +187% |
| Current portion of amounts payable after more than one year | 42 | €14,242 | €12,469 | -€1,773 | -12.4% |
| Financial debts | 43 | €58 | €17,382 | +€17,324 | +30,087% |
| Credit institutions | 430/8 | €58 | €17,382 | +€17,324 | +30,087% |
| Trade debts | 44 | €2,043 | €939 | -€1,103 | -54.0% |
| Suppliers | 440/4 | €2,043 | €939 | -€1,103 | -54.0% |
| Taxes, remuneration and social security | 45 | €1,177 | €79,082 | +€77,904 | +6,618% |
| Taxes | 450/3 | €1,177 | €79,082 | +€77,904 | +6,618% |
| Other amounts payable | 47/48 | €31,756 | €31,756 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €2,747 | +€2,681 | +4,081% |
| Non-recurring operating income | 76A | - | €345,463 | +€345,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,619 | €33,240 | -€11,379 | -25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,475 | - | +€2,475 | |
| Other operating charges | 640/8 | €87,032 | €9,978 | -€77,054 | -88.5% |
| Non-recurring operating charges | 66A | €1,580 | - | -€1,580 | |
| Gross operating margin | 9900 | €107,788 | €329,819 | +€222,031 | +206% |
| Operating profit (loss) | 9901 | -€22,968 | €286,600 | +€309,568 | |
| Financial income | 75/76B | €782 | €782 | +€0 | 0.0% |
| Recurring financial income | 75 | €782 | €782 | +€0 | 0.0% |
| Financial charges | 65/66B | €31,986 | €2,869 | -€29,118 | -91.0% |
| Recurring financial charges | 65 | €3,301 | €2,869 | -€432 | -13.1% |
| Non-recurring financial charges | 66B | €28,686 | - | -€28,686 | |
| Profit (loss) for the period before taxes | 9903 | -€54,172 | €284,514 | +€338,686 | |
| Transfer from deferred taxes | 780 | €2,492 | €2,492 | = | 0.0% |
| Income taxes | 67/77 | €808 | €77,904 | +€77,096 | +9,538% |
| Profit (loss) for the period | 9904 | -€52,488 | €209,102 | +€261,590 | |
| Transfer from tax-exempt reserves | 789 | €4,840 | €4,840 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,649 | €213,941 | +€261,590 |
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 14 October 2026 via checked.be.