MuBaVu: 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.
MuBaVu
Largest movements
- Receivables within one year -€22,097
down €22,097 (-98.1%), from €22,522 to €425
of which Other amounts receivable: -€22,098
- Deferred charges and accrued income +€12,682
up €12,682 (+1,867%), from €679 to €13,361
- Tangible fixed assets -€4,257
down €4,257 (-100%), from €4,257 to €0
of which Plant, machinery and equipment: -€3,707
- Cash +€3,779
up €3,779 (+30,796%), from €12 to €3,791
- Profit (loss) carried forward -€7,478
down €7,478 (-406%), from -€1,840 to -€9,318
- Tax, wage and social debts -€3,445
no longer reported in 2025 (was €3,445)
- Other debts +€797
new in 2025: €797
- Gross operating margin +€6,015
up €6,015, from -€3,104 to €2,911
- Depreciation +€2,480
up €2,480 (+237%), from €1,045 to €3,525
- Taxes +€1,034
new in 2025: €1,034
- Financial charges +€839
new in 2025: €839
- Other operating charges +€673
up €673 (+101%), from €669 to €1,342
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,471 | €17,577 | -€9,894 | -36.0% |
| Fixed assets | 21/28 | €4,257 | €0 | -€4,257 | -100% |
| Tangible fixed assets | 22/27 | €4,257 | €0 | -€4,257 | -100% |
| Plant, machinery and equipment | 23 | €3,707 | €0 | -€3,707 | -100% |
| Furniture and vehicles | 24 | €550 | - | -€550 | |
| Current assets | 29/58 | €23,213 | €17,577 | -€5,636 | -24.3% |
| Amounts receivable within one year | 40/41 | €22,522 | €425 | -€22,097 | -98.1% |
| Trade receivables | 40 | €424 | €425 | +€2 | +0.4% |
| Other amounts receivable | 41 | €22,098 | €0 | -€22,098 | -100% |
| Cash at bank and in hand | 54/58 | €12 | €3,791 | +€3,779 | +30,796% |
| Deferred charges and accrued income | 490/1 | €679 | €13,361 | +€12,682 | +1,867% |
| Total equity and liabilities | 10/49 | €27,471 | €17,577 | -€9,894 | -36.0% |
| Equity | 10/15 | €23,678 | €16,200 | -€7,478 | -31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,918 | €6,918 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,418 | €1,418 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,418 | €1,418 | -€0 | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,840 | -€9,318 | -€7,478 | -406% |
| Amounts payable | 17/49 | €3,793 | €1,377 | -€2,416 | -63.7% |
| Amounts payable within one year | 42/48 | €3,793 | €1,377 | -€2,416 | -63.7% |
| Trade debts | 44 | €348 | €580 | +€233 | +66.9% |
| Suppliers | 440/4 | €348 | €580 | +€233 | +66.9% |
| Taxes, remuneration and social security | 45 | €3,445 | - | -€3,445 | |
| Taxes | 450/3 | €3,445 | - | -€3,445 | |
| Other amounts payable | 47/48 | - | €797 | +€797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €3,525 | +€2,480 | +237% |
| Other operating charges | 640/8 | €669 | €1,342 | +€673 | +101% |
| Gross operating margin | 9900 | -€3,104 | €2,911 | +€6,015 | |
| Operating profit (loss) | 9901 | -€4,818 | -€1,956 | +€2,862 | +59.4% |
| Financial charges | 65/66B | - | €839 | +€839 | |
| Recurring financial charges | 65 | - | €839 | +€839 | |
| Profit (loss) for the period before taxes | 9903 | -€4,818 | -€2,795 | +€2,023 | +42.0% |
| Income taxes | 67/77 | - | €1,034 | +€1,034 | |
| Profit (loss) for the period | 9904 | -€4,818 | -€3,829 | +€989 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,818 | -€3,829 | +€989 | +20.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.