Mu-Tec: 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-Tec
Largest movements
- Tangible fixed assets +€17,463
up €17,463 (+9.2%), from €189,364 to €206,827
of which Land and buildings: +€42,911
- Cash -€16,635
down €16,635 (-96.0%), from €17,321 to €686
mainly Investment in fixed assets (net) (-€49,008) and Trade debts (-€33,609)
- Receivables within one year -€12,776
down €12,776 (-21.6%), from €59,254 to €46,478
of which Trade receivables: -€13,051
- Trade debts -€33,609
down €33,609 (-99.2%), from €33,881 to €272
- Profit (loss) carried forward +€13,578
up €13,578, from -€8,564 to €5,014
- Debts after one year +€6,303
up €6,303 (+6.0%), from €105,248 to €111,551
- Other debts -€5,502
down €5,502 (-5.2%), from €104,822 to €99,320
- Current portion of long-term debt +€5,189
up €5,189 (+112.4%), from €4,617 to €9,806
- Gross operating margin +€29,647
up €29,647 (+75.6%), from €39,217 to €68,864
- Financial charges +€21,280
up €21,280 (+2700.5%), from €788 to €22,068
- Depreciation +€2,531
up €2,531 (+8.7%), from €29,014 to €31,545
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,404 | €255,842 | -€10,562 | -4.0% |
| Fixed assets | 21/28 | €189,829 | €207,292 | +€17,463 | +9.2% |
| Tangible fixed assets | 22/27 | €189,364 | €206,827 | +€17,463 | +9.2% |
| Land and buildings | 22 | €90,705 | €133,616 | +€42,911 | +47.3% |
| Plant, machinery and equipment | 23 | €57,871 | €42,686 | -€15,185 | -26.2% |
| Furniture and vehicles | 24 | €40,788 | €30,525 | -€10,263 | -25.2% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €76,575 | €48,550 | -€28,025 | -36.6% |
| Amounts receivable within one year | 40/41 | €59,254 | €46,478 | -€12,776 | -21.6% |
| Trade receivables | 40 | €58,490 | €45,439 | -€13,051 | -22.3% |
| Other amounts receivable | 41 | €764 | €1,039 | +€275 | +36.0% |
| Cash at bank and in hand | 54/58 | €17,321 | €686 | -€16,635 | -96.0% |
| Deferred charges and accrued income | 490/1 | - | €1,386 | +€1,386 | |
| Total equity and liabilities | 10/49 | €266,404 | €255,842 | -€10,562 | -4.0% |
| Equity | 10/15 | €17,836 | €31,414 | +€13,578 | +76.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,800 | €7,800 | = | 0.0% |
| Distributable reserves | 133 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,564 | €5,014 | +€13,578 | |
| Amounts payable | 17/49 | €248,568 | €224,428 | -€24,140 | -9.7% |
| Amounts payable after more than one year | 17 | €105,248 | €111,551 | +€6,303 | +6.0% |
| Financial debts | 170/4 | €105,248 | €111,551 | +€6,303 | +6.0% |
| Amounts payable within one year | 42/48 | €143,320 | €112,016 | -€31,304 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €4,617 | €9,806 | +€5,189 | +112.4% |
| Trade debts | 44 | €33,881 | €272 | -€33,609 | -99.2% |
| Suppliers | 440/4 | €33,881 | €272 | -€33,609 | -99.2% |
| Taxes, remuneration and social security | 45 | - | €2,618 | +€2,618 | |
| Taxes | 450/3 | - | €2,618 | +€2,618 | |
| Other amounts payable | 47/48 | €104,822 | €99,320 | -€5,502 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €861 | +€861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,014 | €31,545 | +€2,531 | +8.7% |
| Other operating charges | 640/8 | €1,682 | €1,485 | -€197 | -11.7% |
| Gross operating margin | 9900 | €39,217 | €68,864 | +€29,647 | +75.6% |
| Operating profit (loss) | 9901 | €8,521 | €35,834 | +€27,313 | +320.5% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €788 | €22,068 | +€21,280 | +2700.5% |
| Recurring financial charges | 65 | €788 | €22,068 | +€21,280 | +2700.5% |
| Profit (loss) for the period before taxes | 9903 | €7,733 | €13,860 | +€6,127 | +79.2% |
| Income taxes | 67/77 | €587 | €282 | -€305 | -52.0% |
| Profit (loss) for the period | 9904 | €7,146 | €13,578 | +€6,432 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,146 | €13,578 | +€6,432 | +90.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.