muchO Bien: 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.
muchO Bien
Largest movements
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Cash +€36,757
up €36,757 (+49.9%), from €73,659 to €110,417
mainly Current investments (+€90,000) and Net result for the year (+€21,620)
- Tangible fixed assets +€31,831
up €31,831 (+350%), from €9,089 to €40,920
- Receivables within one year +€19,748
up €19,748 (+341%), from €5,794 to €25,542
- Debts after one year +€16,776
new in 2025: €16,776
- Tax, wage and social debts -€12,600
down €12,600 (-20.9%), from €60,372 to €47,772
- Current portion of long-term debt +€11,659
up €11,659 (+514%), from €2,269 to €13,927
- Other debts -€11,157
down €11,157 (-33.6%), from €33,163 to €22,006
- Profit (loss) carried forward -€8,380
down €8,380 (-10.6%), from €78,730 to €70,350
- Gross operating margin -€75,454
down €75,454 (-66.0%), from €114,303 to €38,849
- Taxes -€14,689
down €14,689 (-60.7%), from €24,216 to €9,527
- Depreciation +€2,208
up €2,208 (+32.4%), from €6,815 to €9,023
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 | €179,297 | €177,446 | -€1,851 | -1.0% |
| Fixed assets | 21/28 | €9,089 | €40,920 | +€31,831 | +350% |
| Tangible fixed assets | 22/27 | €9,089 | €40,920 | +€31,831 | +350% |
| Furniture and vehicles | 24 | €9,089 | €40,920 | +€31,831 | +350% |
| Current assets | 29/58 | €170,208 | €136,527 | -€33,681 | -19.8% |
| Amounts receivable within one year | 40/41 | €5,794 | €25,542 | +€19,748 | +341% |
| Trade receivables | 40 | €5,794 | €25,542 | +€19,748 | +341% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €73,659 | €110,417 | +€36,757 | +49.9% |
| Deferred charges and accrued income | 490/1 | €755 | €567 | -€187 | -24.8% |
| Total equity and liabilities | 10/49 | €179,297 | €177,446 | -€1,851 | -1.0% |
| Equity | 10/15 | €81,730 | €73,350 | -€8,380 | -10.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,730 | €70,350 | -€8,380 | -10.6% |
| Amounts payable | 17/49 | €97,567 | €104,096 | +€6,529 | +6.7% |
| Amounts payable after more than one year | 17 | - | €16,776 | +€16,776 | |
| Financial debts | 170/4 | - | €16,776 | +€16,776 | |
| Amounts payable within one year | 42/48 | €97,439 | €87,275 | -€10,164 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €2,269 | €13,927 | +€11,659 | +514% |
| Trade debts | 44 | €1,636 | €3,569 | +€1,933 | +118% |
| Suppliers | 440/4 | €1,636 | €3,569 | +€1,933 | +118% |
| Taxes, remuneration and social security | 45 | €60,372 | €47,772 | -€12,600 | -20.9% |
| Taxes | 450/3 | €60,372 | €47,772 | -€12,600 | -20.9% |
| Other amounts payable | 47/48 | €33,163 | €22,006 | -€11,157 | -33.6% |
| Accrued charges and deferred income | 492/3 | €128 | €45 | -€82 | -64.5% |
| Non-recurring operating income | 76A | - | €957 | +€957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,815 | €9,023 | +€2,208 | +32.4% |
| Other operating charges | 640/8 | €376 | - | -€376 | |
| Gross operating margin | 9900 | €114,303 | €38,849 | -€75,454 | -66.0% |
| Operating profit (loss) | 9901 | €107,112 | €29,827 | -€77,286 | -72.2% |
| Financial income | 75/76B | €1,319 | €2,429 | +€1,110 | +84.2% |
| Recurring financial income | 75 | €1,319 | €2,429 | +€1,110 | +84.2% |
| Financial charges | 65/66B | €415 | €1,108 | +€693 | +167% |
| Recurring financial charges | 65 | €415 | €1,108 | +€693 | +167% |
| Profit (loss) for the period before taxes | 9903 | €108,016 | €31,147 | -€76,869 | -71.2% |
| Income taxes | 67/77 | €24,216 | €9,527 | -€14,689 | -60.7% |
| Profit (loss) for the period | 9904 | €83,800 | €21,620 | -€62,179 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,800 | €21,620 | -€62,179 | -74.2% |
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 18 October 2026 via checked.be.