Mu Technologies: 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 Technologies
Largest movements
- Cash -€26,588
down €26,588 (-17.5%), from €151,881 to €125,294
mainly Net result for the year (-€20,301) and Trade debts (-€5,269)
- Profit (loss) carried forward -€20,301
down €20,301, from €0 to -€20,301
- Trade debts -€5,269
down €5,269 (-47.4%), from €11,125 to €5,855
- Tax, wage and social debts +€3,323
up €3,323 (+57.7%), from €5,755 to €9,078
of which Taxes: +€3,292
- Other debts -€2,819
down €2,819 (-15.9%), from €17,746 to €14,926
- Gross operating margin -€22,859
down €22,859, from €6,941 to -€15,918
- Financial charges +€284
up €284 (+24.8%), from €1,143 to €1,427
- Depreciation +€210
up €210 (+11.5%), from €1,825 to €2,036
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 | €176,022 | €151,071 | -€24,951 | -14.2% |
| Fixed assets | 21/28 | €7,435 | €8,839 | +€1,404 | +18.9% |
| Tangible fixed assets | 22/27 | €7,435 | €8,839 | +€1,404 | +18.9% |
| Land and buildings | 22 | €2,102 | €1,665 | -€437 | -20.8% |
| Furniture and vehicles | 24 | €5,333 | €7,175 | +€1,841 | +34.5% |
| Current assets | 29/58 | €168,587 | €142,232 | -€26,355 | -15.6% |
| Amounts receivable within one year | 40/41 | €13,901 | €15,525 | +€1,624 | +11.7% |
| Trade receivables | 40 | €13,901 | €15,525 | +€1,624 | +11.7% |
| Cash at bank and in hand | 54/58 | €151,881 | €125,294 | -€26,588 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,804 | €1,413 | -€1,391 | -49.6% |
| Total equity and liabilities | 10/49 | €176,022 | €151,071 | -€24,951 | -14.2% |
| Equity | 10/15 | €141,330 | €121,029 | -€20,301 | -14.4% |
| Contributions | 10/11 | €134,433 | €134,433 | = | 0.0% |
| Capital | 10 | €134,433 | €134,433 | = | 0.0% |
| Issued capital | 100 | €134,433 | €134,433 | = | 0.0% |
| Reserves | 13 | €6,897 | €6,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156 | €156 | = | 0.0% |
| Legal reserve | 130 | €156 | €156 | = | 0.0% |
| Distributable reserves | 133 | €6,741 | €6,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,301 | -€20,301 | |
| Amounts payable | 17/49 | €34,692 | €30,042 | -€4,650 | -13.4% |
| Amounts payable within one year | 42/48 | €34,625 | €29,859 | -€4,766 | -13.8% |
| Trade debts | 44 | €11,125 | €5,855 | -€5,269 | -47.4% |
| Suppliers | 440/4 | €11,125 | €5,855 | -€5,269 | -47.4% |
| Taxes, remuneration and social security | 45 | €5,755 | €9,078 | +€3,323 | +57.7% |
| Taxes | 450/3 | €1,260 | €4,552 | +€3,292 | +261.2% |
| Remuneration and social security | 454/9 | €4,494 | €4,526 | +€32 | +0.7% |
| Other amounts payable | 47/48 | €17,746 | €14,926 | -€2,819 | -15.9% |
| Accrued charges and deferred income | 492/3 | €67 | €182 | +€116 | +173.3% |
| Non-recurring operating income | 76A | €10,267 | €0 | -€10,267 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €2,036 | +€210 | +11.5% |
| Other operating charges | 640/8 | €358 | €313 | -€45 | -12.5% |
| Non-recurring operating charges | 66A | €162 | €863 | +€701 | +433.2% |
| Gross operating margin | 9900 | €6,941 | -€15,918 | -€22,859 | |
| Operating profit (loss) | 9901 | €4,596 | -€19,130 | -€23,725 | |
| Financial income | 75/76B | €597 | €549 | -€48 | -8.0% |
| Recurring financial income | 75 | €597 | €549 | -€48 | -8.0% |
| Financial charges | 65/66B | €1,143 | €1,427 | +€284 | +24.8% |
| Recurring financial charges | 65 | €1,143 | €1,427 | +€284 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €4,049 | -€20,008 | -€24,057 | |
| Income taxes | 67/77 | €277 | €293 | +€16 | +5.8% |
| Profit (loss) for the period | 9904 | €3,772 | -€20,301 | -€24,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,772 | -€20,301 | -€24,073 |
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 2 October 2026 via checked.be.