MU - PET: 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.
MU - PET
Largest movements
- Tangible fixed assets -€24,978
down €24,978 (-67.0%), from €37,280 to €12,302
of which Furniture and vehicles: -€22,679
- Deferred charges and accrued income +€9,253
up €9,253, from €0 to €9,253
- Cash -€3,391
down €3,391 (-44.4%), from €7,640 to €4,249
mainly Net result for the year (-€18,893) and Current portion of long-term debt (-€10,133)
- Receivables within one year -€2,019
down €2,019 (-100%), from €2,019 to €0
of which Trade receivables: -€2,019
- Profit (loss) carried forward -€18,893
down €18,893 (-555%), from -€3,406 to -€22,299
- Current portion of long-term debt -€10,133
down €10,133 (-100%), from €10,133 to €0
- Other debts +€6,498
up €6,498 (+4,139%), from €157 to €6,655
- Debts after one year -€2,619
down €2,619 (-100%), from €2,619 to €0
- Tax, wage and social debts +€2,317
up €2,317 (+31.7%), from €7,303 to €9,619
of which Remuneration and social security: +€3,315
- Gross operating margin -€6,878
down €6,878, from €2,558 to -€4,320
- Depreciation -€3,214
down €3,214 (-43.9%), from €7,325 to €4,111
- Financial charges +€939
up €939 (+55.5%), from €1,691 to €2,631
- Other operating charges +€508
up €508 (+98.0%), from €518 to €1,026
- Financial income +€189
up €189 (+4,053%), from €5 to €194
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 | €46,939 | €25,804 | -€21,135 | -45.0% |
| Fixed assets | 21/28 | €37,280 | €12,302 | -€24,978 | -67.0% |
| Tangible fixed assets | 22/27 | €37,280 | €12,302 | -€24,978 | -67.0% |
| Plant, machinery and equipment | 23 | €10,884 | €8,989 | -€1,895 | -17.4% |
| Furniture and vehicles | 24 | €23,262 | €582 | -€22,679 | -97.5% |
| Other tangible fixed assets | 26 | €3,135 | €2,731 | -€404 | -12.9% |
| Current assets | 29/58 | €9,659 | €13,502 | +€3,843 | +39.8% |
| Amounts receivable within one year | 40/41 | €2,019 | €0 | -€2,019 | -100% |
| Trade receivables | 40 | €2,019 | €0 | -€2,019 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,640 | €4,249 | -€3,391 | -44.4% |
| Deferred charges and accrued income | 490/1 | €0 | €9,253 | +€9,253 | |
| Total equity and liabilities | 10/49 | €46,939 | €25,804 | -€21,135 | -45.0% |
| Equity | 10/15 | €25,846 | €6,953 | -€18,893 | -73.1% |
| Contributions | 10/11 | €14,925 | €14,925 | = | 0.0% |
| Reserves | 13 | €14,328 | €14,328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €14,328 | €14,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,406 | -€22,299 | -€18,893 | -555% |
| Amounts payable | 17/49 | €21,093 | €18,851 | -€2,242 | -10.6% |
| Amounts payable after more than one year | 17 | €2,619 | €0 | -€2,619 | -100% |
| Financial debts | 170/4 | €2,619 | €0 | -€2,619 | -100% |
| Amounts payable within one year | 42/48 | €18,474 | €18,851 | +€377 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,133 | €0 | -€10,133 | -100% |
| Trade debts | 44 | €881 | €2,576 | +€1,696 | +193% |
| Suppliers | 440/4 | €881 | €2,576 | +€1,696 | +193% |
| Taxes, remuneration and social security | 45 | €7,303 | €9,619 | +€2,317 | +31.7% |
| Taxes | 450/3 | €7,146 | €6,147 | -€998 | -14.0% |
| Remuneration and social security | 454/9 | €157 | €3,472 | +€3,315 | +2,115% |
| Other amounts payable | 47/48 | €157 | €6,655 | +€6,498 | +4,139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,325 | €4,111 | -€3,214 | -43.9% |
| Other operating charges | 640/8 | €518 | €1,026 | +€508 | +98.0% |
| Non-recurring operating charges | 66A | - | €6,822 | +€6,822 | |
| Gross operating margin | 9900 | €2,558 | -€4,320 | -€6,878 | |
| Operating profit (loss) | 9901 | -€5,285 | -€16,278 | -€10,993 | -208% |
| Financial income | 75/76B | €5 | €194 | +€189 | +4,053% |
| Recurring financial income | 75 | €5 | €194 | +€189 | +4,053% |
| Financial charges | 65/66B | €1,691 | €2,631 | +€939 | +55.5% |
| Recurring financial charges | 65 | €1,691 | €2,631 | +€939 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,972 | -€18,715 | -€11,743 | -168% |
| Income taxes | 67/77 | €44 | €178 | +€133 | +300% |
| Profit (loss) for the period | 9904 | -€7,017 | -€18,893 | -€11,876 | -169% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,017 | -€18,893 | -€11,876 | -169% |
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 27 October 2026 via checked.be.