MUCHOS EVENTOS: 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.
MUCHOS EVENTOS
Largest movements
- Tangible fixed assets +€294,840
up €294,840 (+151%), from €194,941 to €489,780
of which Land and buildings: +€414,576
- Cash +€37,823
up €37,823 (+239%), from €15,847 to €53,670
mainly Debts after one year (+€312,128) and Depreciation (+€164,239)
- Stocks and contracts +€21,349
up €21,349 (+11.8%), from €180,964 to €202,313
of which Stocks: +€21,349
- Debts after one year +€312,128
up €312,128 (+2,294%), from €13,607 to €325,735
- Short-term financial debts +€106,438
up €106,438 (+61.3%), from €173,568 to €280,005
- Trade debts -€75,765
down €75,765 (-49.7%), from €152,498 to €76,733
- Reserves +€48,805
up €48,805 (+14.7%), from €331,647 to €380,452
- Advances received -€31,010
down €31,010 (-75.7%), from €40,980 to €9,970
- Staff costs +€73,409
new in 2025: €73,409
- Depreciation -€26,175
down €26,175 (-13.7%), from €190,414 to €164,239
- Taxes +€8,589
up €8,589 (+18.6%), from €46,065 to €54,654
- Gross operating margin -€5,522
down €5,522 (-1.5%), from €364,342 to €358,820
- Financial income +€4,113
up €4,113 (+595%), from €691 to €4,804
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 | €777,492 | €1,128,391 | +€350,900 | +45.1% |
| Fixed assets | 21/28 | €197,602 | €491,333 | +€293,732 | +149% |
| Intangible fixed assets | 21 | €2,661 | €1,553 | -€1,108 | -41.6% |
| Tangible fixed assets | 22/27 | €194,941 | €489,780 | +€294,840 | +151% |
| Land and buildings | 22 | - | €414,576 | +€414,576 | |
| Plant, machinery and equipment | 23 | €170,859 | €29,664 | -€141,195 | -82.6% |
| Furniture and vehicles | 24 | €6,241 | €7,969 | +€1,728 | +27.7% |
| Leasing and similar rights | 25 | €17,840 | €37,571 | +€19,731 | +111% |
| Current assets | 29/58 | €579,890 | €637,058 | +€57,168 | +9.9% |
| Stocks and contracts in progress | 3 | €180,964 | €202,313 | +€21,349 | +11.8% |
| Stocks | 30/36 | €4,500 | €25,849 | +€21,349 | +474% |
| Contracts in progress | 37 | €176,464 | €176,464 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €382,998 | €381,060 | -€1,938 | -0.5% |
| Trade receivables | 40 | €245,295 | €128,874 | -€116,422 | -47.5% |
| Other amounts receivable | 41 | €137,703 | €252,186 | +€114,483 | +83.1% |
| Cash at bank and in hand | 54/58 | €15,847 | €53,670 | +€37,823 | +239% |
| Deferred charges and accrued income | 490/1 | €81 | €15 | -€66 | -81.9% |
| Total equity and liabilities | 10/49 | €777,492 | €1,128,391 | +€350,900 | +45.1% |
| Equity | 10/15 | €331,647 | €380,452 | +€48,805 | +14.7% |
| Reserves | 13 | €331,647 | €380,452 | +€48,805 | +14.7% |
| Distributable reserves | 133 | €331,647 | €380,452 | +€48,805 | +14.7% |
| Amounts payable | 17/49 | €445,845 | €747,940 | +€302,095 | +67.8% |
| Amounts payable after more than one year | 17 | €13,607 | €325,735 | +€312,128 | +2,294% |
| Financial debts | 170/4 | €13,607 | €325,735 | +€312,128 | +2,294% |
| Amounts payable within one year | 42/48 | €427,825 | €422,205 | -€5,620 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,274 | €20,962 | +€15,689 | +297% |
| Financial debts | 43 | €173,568 | €280,005 | +€106,438 | +61.3% |
| Credit institutions | 430/8 | €173,568 | €280,005 | +€106,438 | +61.3% |
| Trade debts | 44 | €152,498 | €76,733 | -€75,765 | -49.7% |
| Suppliers | 440/4 | €152,498 | €76,733 | -€75,765 | -49.7% |
| Advances received on contracts in progress | 46 | €40,980 | €9,970 | -€31,010 | -75.7% |
| Taxes, remuneration and social security | 45 | €55,506 | €28,785 | -€26,721 | -48.1% |
| Taxes | 450/3 | €50,806 | €15,154 | -€35,652 | -70.2% |
| Remuneration and social security | 454/9 | €4,700 | €13,631 | +€8,931 | +190% |
| Other amounts payable | 47/48 | - | €5,750 | +€5,750 | |
| Accrued charges and deferred income | 492/3 | €4,413 | - | -€4,413 | |
| Remuneration, social security and pensions | 62 | - | €73,409 | +€73,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,414 | €164,239 | -€26,175 | -13.7% |
| Other operating charges | 640/8 | €1,109 | €1,717 | +€607 | +54.8% |
| Non-recurring operating charges | 66A | €313 | €6,552 | +€6,239 | +1,995% |
| Gross operating margin | 9900 | €364,342 | €358,820 | -€5,522 | -1.5% |
| Operating profit (loss) | 9901 | €172,506 | €112,904 | -€59,602 | -34.6% |
| Financial income | 75/76B | €691 | €4,804 | +€4,113 | +595% |
| Recurring financial income | 75 | €691 | €4,804 | +€4,113 | +595% |
| Financial charges | 65/66B | €15,947 | €14,250 | -€1,697 | -10.6% |
| Recurring financial charges | 65 | €15,947 | €14,250 | -€1,697 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €157,251 | €103,459 | -€53,792 | -34.2% |
| Income taxes | 67/77 | €46,065 | €54,654 | +€8,589 | +18.6% |
| Profit (loss) for the period | 9904 | €111,185 | €48,805 | -€62,380 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,185 | €48,805 | -€62,380 | -56.1% |
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 15 October 2026 via checked.be.