MUCLA: 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.
What changed
MUCLA
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€43,972
2024 · €57,835-€13,863
Equity
€7.1m
2024 · €7.0m+€43,972
Cash
€70,500
2024 · €54,331+€16,170
Balance sheet total
€9.5m
2024 · €9.5m+€14,047
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€1.4m
down €1.4m (-65.7%), from €2.1m to €734,001
- Other debts +€1.4m
up €1.4m (+760.9%), from €180,000 to €1.5m
Income statement
- Services and other goods +€42,814
up €42,814 (+332.3%), from €12,886 to €55,700
- Financial charges -€29,322
down €29,322 (-17.9%), from €163,731 to €134,409
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.
Result 2024
€57,835
Other operating income
-€1,320
Services and other goods
-€42,814
Other operating charges
-€2
Financial charges
+€29,322
Taxes
+€950
Result 2025
€43,972
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.
From operations
+€1.4m
Investment
€0
Financing
-€1.4m
Cash 2024
€54,331
From operations (derived)
+€1.4m
Net result for the year
+€43,972
Smaller working-capital items
+€1,080
Trade debts
+€42,153
Other debts
+€1.4m
Accrued charges and deferred income
-€34,954
Financing
-€1.4m
Debts after one year
-€1.4m
Cash 2025
€70,500
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,494,513 | €9,508,560 | +€14,047 | +0.1% |
| Fixed assets | 21/28 | €9,423,230 | €9,423,230 | = | 0.0% |
| Financial fixed assets | 28 | €9,423,230 | €9,423,230 | = | 0.0% |
| Affiliated companies | 280/1 | €9,423,230 | €9,423,230 | = | 0.0% |
| Participating interests | 280 | €9,423,230 | €9,423,230 | = | 0.0% |
| Current assets | 29/58 | €71,283 | €85,330 | +€14,047 | +19.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,746 | €14,669 | -€2,077 | -12.4% |
| Trade receivables | 40 | €15,989 | €14,669 | -€1,320 | -8.3% |
| Other amounts receivable | 41 | €758 | €0 | -€758 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,331 | €70,500 | +€16,170 | +29.8% |
| Deferred charges and accrued income | 490/1 | €206 | €160 | -€46 | -22.2% |
| Total equity and liabilities | 10/49 | €9,494,513 | €9,508,560 | +€14,047 | +0.1% |
| Equity | 10/15 | €7,007,451 | €7,051,423 | +€43,972 | +0.6% |
| Contributions | 10/11 | €6,030,000 | €6,030,000 | = | 0.0% |
| Reserves | 13 | €977,451 | €1,021,423 | +€43,972 | +4.5% |
| Distributable reserves | 133 | €977,451 | €1,021,423 | +€43,972 | +4.5% |
| Amounts payable | 17/49 | €2,487,062 | €2,457,137 | -€29,925 | -1.2% |
| Amounts payable after more than one year | 17 | €2,139,749 | €734,001 | -€1.4m | -65.7% |
| Other amounts payable | 178/9 | €2,139,749 | €734,001 | -€1.4m | -65.7% |
| Amounts payable within one year | 42/48 | €194,252 | €1,605,027 | +€1.4m | +726.3% |
| Trade debts | 44 | €1,022 | €43,176 | +€42,153 | +4122.7% |
| Suppliers | 440/4 | €1,022 | €43,176 | +€42,153 | +4122.7% |
| Taxes, remuneration and social security | 45 | €13,229 | €12,186 | -€1,043 | -7.9% |
| Taxes | 450/3 | €13,229 | €12,186 | -€1,043 | -7.9% |
| Other amounts payable | 47/48 | €180,000 | €1,549,665 | +€1.4m | +760.9% |
| Accrued charges and deferred income | 492/3 | €153,062 | €118,108 | -€34,954 | -22.8% |
| Operating income | 70/76A | €255,989 | €254,669 | -€1,320 | -0.5% |
| Turnover | 70 | €240,000 | €240,000 | = | 0.0% |
| Other operating income | 74 | €15,989 | €14,669 | -€1,320 | -8.3% |
| Operating charges | 60/66A | €13,012 | €55,828 | +€42,816 | +329.1% |
| Services and other goods | 61 | €12,886 | €55,700 | +€42,814 | +332.3% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Operating profit (loss) | 9901 | €242,977 | €198,841 | -€44,136 | -18.2% |
| Financial charges | 65/66B | €163,731 | €134,409 | -€29,322 | -17.9% |
| Recurring financial charges | 65 | €163,731 | €134,409 | -€29,322 | -17.9% |
| Debt charges | 650 | €163,456 | €134,229 | -€29,227 | -17.9% |
| Other financial charges | 652/9 | €275 | €180 | -€95 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €79,246 | €64,432 | -€14,814 | -18.7% |
| Income taxes | 67/77 | €21,410 | €20,460 | -€950 | -4.4% |
| Taxes | 670/3 | €21,410 | €20,460 | -€950 | -4.4% |
| Profit (loss) for the period | 9904 | €57,835 | €43,972 | -€13,863 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,835 | €43,972 | -€13,863 | -24.0% |
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 4 October 2026 via checked.be.