Mu Services: what changed
Two fiscal 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 Services
Largest movements
- Cash +€14,878
up €14,878 (+11465.7%), from €130 to €15,008
mainly Receivables within one year (+€9,387) and Tax, wage and social debts (+€2,771)
- Receivables within one year -€9,387
down €9,387 (-99.7%), from €9,417 to €30
- Tangible fixed assets +€361
up €361 (+26.1%), from €1,385 to €1,746
- Tax, wage and social debts +€2,771
up €2,771 (+63.7%), from €4,351 to €7,122
- Reserves +€2,279
up €2,279 (+125.0%), from €1,823 to €4,102
- Other debts +€1,177
up €1,177 (+1961.0%), from €60 to €1,237
- Trade debts -€259
down €259 (-15.9%), from €1,628 to €1,368
- Gross operating margin +€1,447
up €1,447 (+43.3%), from €3,340 to €4,787
- Depreciation +€413
up €413 (+206.3%), from €200 to €613
- Other operating charges +€391
up €391 (+81.0%), from €482 to €873
- Taxes +€166
up €166 (+20.8%), from €799 to €966
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.
Cash bridge derived
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 | €12,047 | €18,011 | +€5,964 | +49.5% |
| Fixed assets | 21/28 | €1,385 | €1,746 | +€361 | +26.1% |
| Tangible fixed assets | 22/27 | €1,385 | €1,746 | +€361 | +26.1% |
| Plant, machinery and equipment | 23 | €1,385 | €1,746 | +€361 | +26.1% |
| Current assets | 29/58 | €10,661 | €16,264 | +€5,603 | +52.6% |
| Amounts receivable within one year | 40/41 | €9,417 | €30 | -€9,387 | -99.7% |
| Trade receivables | 40 | €9,417 | €30 | -€9,387 | -99.7% |
| Cash at bank and in hand | 54/58 | €130 | €15,008 | +€14,878 | +11465.7% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,227 | +€112 | +10.0% |
| Total equity and liabilities | 10/49 | €12,047 | €18,011 | +€5,964 | +49.5% |
| Equity | 10/15 | €5,823 | €8,102 | +€2,279 | +39.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,823 | €4,102 | +€2,279 | +125.0% |
| Distributable reserves | 133 | €1,823 | €4,102 | +€2,279 | +125.0% |
| Amounts payable | 17/49 | €6,223 | €9,908 | +€3,685 | +59.2% |
| Amounts payable within one year | 42/48 | €6,039 | €9,727 | +€3,688 | +61.1% |
| Trade debts | 44 | €1,628 | €1,368 | -€259 | -15.9% |
| Suppliers | 440/4 | €1,628 | €1,368 | -€259 | -15.9% |
| Taxes, remuneration and social security | 45 | €4,351 | €7,122 | +€2,771 | +63.7% |
| Taxes | 450/3 | €4,351 | €7,122 | +€2,771 | +63.7% |
| Other amounts payable | 47/48 | €60 | €1,237 | +€1,177 | +1961.0% |
| Accrued charges and deferred income | 492/3 | €184 | €181 | -€4 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €613 | +€413 | +206.3% |
| Other operating charges | 640/8 | €482 | €873 | +€391 | +81.0% |
| Gross operating margin | 9900 | €3,340 | €4,787 | +€1,447 | +43.3% |
| Operating profit (loss) | 9901 | €2,658 | €3,301 | +€643 | +24.2% |
| Financial charges | 65/66B | €35 | €56 | +€21 | +59.7% |
| Recurring financial charges | 65 | €35 | €56 | +€21 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €2,622 | €3,245 | +€623 | +23.7% |
| Income taxes | 67/77 | €799 | €966 | +€166 | +20.8% |
| Profit (loss) for the period | 9904 | €1,823 | €2,279 | +€456 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,823 | €2,279 | +€456 | +25.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.