MUCHOGUSTO: 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.
MUCHOGUSTO
Largest movements
- Tangible fixed assets -€26,689
down €26,689 (-30.4%), from €87,751 to €61,062
of which Furniture and vehicles: -€18,053
- Receivables within one year -€5,756
down €5,756 (-100.0%), from €5,756 to €0
- Intangible fixed assets +€4,868
new in 2025: €4,868
- Cash +€3,876
up €3,876 (+210.6%), from €1,840 to €5,716
mainly Depreciation (+€25,662) and Receivables within one year (+€5,756)
- Stocks and contracts -€2,256
down €2,256 (-42.7%), from €5,284 to €3,027
- Debts after one year -€17,201
down €17,201 (-37.0%), from €46,505 to €29,303
- Profit (loss) carried forward -€13,764
down €13,764 (-99.5%), from -€13,832 to -€27,596
- Current portion of long-term debt +€3,454
up €3,454 (+24.9%), from €13,888 to €17,341
- Other debts +€3,105
up €3,105 (+7.5%), from €41,262 to €44,367
- Trade debts -€2,798
down €2,798 (-76.8%), from €3,642 to €844
- Gross operating margin +€5,368
up €5,368 (+51.9%), from €10,351 to €15,719
- Depreciation +€3,937
up €3,937 (+18.1%), from €21,725 to €25,662
- Other operating charges +€494
up €494 (+65.2%), from €758 to €1,252
- Financial charges +€461
up €461 (+21.5%), from €2,142 to €2,602
- Financial income -€408
down €408 (-92.5%), from €442 to €33
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 | €101,070 | €76,624 | -€24,447 | -24.2% |
| Fixed assets | 21/28 | €87,751 | €67,880 | -€19,870 | -22.6% |
| Intangible fixed assets | 21 | - | €4,868 | +€4,868 | |
| Tangible fixed assets | 22/27 | €87,751 | €61,062 | -€26,689 | -30.4% |
| Plant, machinery and equipment | 23 | €9,662 | €7,952 | -€1,710 | -17.7% |
| Furniture and vehicles | 24 | €71,163 | €53,110 | -€18,053 | -25.4% |
| Leasing and similar rights | 25 | €6,927 | - | -€6,927 | |
| Financial fixed assets | 28 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €13,320 | €8,743 | -€4,576 | -34.4% |
| Stocks and contracts in progress | 3 | €5,284 | €3,027 | -€2,256 | -42.7% |
| Stocks | 30/36 | €5,284 | €3,027 | -€2,256 | -42.7% |
| Amounts receivable within one year | 40/41 | €5,756 | €0 | -€5,756 | -100.0% |
| Trade receivables | 40 | €5,756 | €0 | -€5,756 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,840 | €5,716 | +€3,876 | +210.6% |
| Deferred charges and accrued income | 490/1 | €440 | €0 | -€440 | -100.0% |
| Total equity and liabilities | 10/49 | €101,070 | €76,624 | -€24,447 | -24.2% |
| Equity | 10/15 | -€5,832 | -€19,596 | -€13,764 | -236.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,832 | -€27,596 | -€13,764 | -99.5% |
| Amounts payable | 17/49 | €106,902 | €96,219 | -€10,683 | -10.0% |
| Amounts payable after more than one year | 17 | €46,505 | €29,303 | -€17,201 | -37.0% |
| Financial debts | 170/4 | €46,505 | €29,303 | -€17,201 | -37.0% |
| Amounts payable within one year | 42/48 | €60,398 | €66,916 | +€6,519 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €13,888 | €17,341 | +€3,454 | +24.9% |
| Financial debts | 43 | - | €1,503 | +€1,503 | |
| Credit institutions | 430/8 | - | €1,503 | +€1,503 | |
| Trade debts | 44 | €3,642 | €844 | -€2,798 | -76.8% |
| Suppliers | 440/4 | €3,642 | €844 | -€2,798 | -76.8% |
| Taxes, remuneration and social security | 45 | €1,605 | €2,860 | +€1,255 | +78.2% |
| Taxes | 450/3 | €1,605 | €2,860 | +€1,255 | +78.2% |
| Other amounts payable | 47/48 | €41,262 | €44,367 | +€3,105 | +7.5% |
| Non-recurring operating income | 76A | - | €2,333 | +€2,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €25,662 | +€3,937 | +18.1% |
| Other operating charges | 640/8 | €758 | €1,252 | +€494 | +65.2% |
| Gross operating margin | 9900 | €10,351 | €15,719 | +€5,368 | +51.9% |
| Operating profit (loss) | 9901 | -€12,132 | -€11,195 | +€937 | +7.7% |
| Financial income | 75/76B | €442 | €33 | -€408 | -92.5% |
| Recurring financial income | 75 | €442 | €33 | -€408 | -92.5% |
| Financial charges | 65/66B | €2,142 | €2,602 | +€461 | +21.5% |
| Recurring financial charges | 65 | €2,142 | €2,602 | +€461 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,832 | -€13,764 | +€68 | +0.5% |
| Profit (loss) for the period | 9904 | -€13,832 | -€13,764 | +€68 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,832 | -€13,764 | +€68 | +0.5% |
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 5 October 2026 via checked.be.