MUCO PLUS: 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.
MUCO PLUS
Largest movements
- Cash +€54,618
up €54,618 (+170.2%), from €32,082 to €86,699
mainly Net result for the year (+€31,586) and Receivables within one year (+€15,930)
- Receivables within one year -€15,930
no longer reported in 2025 (was €15,930)
of which Trade receivables: -€15,504
- Reserves +€31,586
up €31,586 (+53.5%), from €58,998 to €90,584
of which Distributable reserves: +€31,586
- Tax, wage and social debts +€7,102
up €7,102 (+204.6%), from €3,471 to €10,573
- Gross operating margin +€33,815
up €33,815 (+254.1%), from €13,308 to €47,123
- Taxes +€11,477
up €11,477 (+330.7%), from €3,471 to €14,948
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 | €48,011 | €86,699 | +€38,688 | +80.6% |
| Current assets | 29/58 | €48,011 | €86,699 | +€38,688 | +80.6% |
| Amounts receivable within one year | 40/41 | €15,930 | - | -€15,930 | |
| Trade receivables | 40 | €15,504 | - | -€15,504 | |
| Other amounts receivable | 41 | €426 | - | -€426 | |
| Cash at bank and in hand | 54/58 | €32,082 | €86,699 | +€54,618 | +170.2% |
| Total equity and liabilities | 10/49 | €48,011 | €86,699 | +€38,688 | +80.6% |
| Equity | 10/15 | €44,540 | €76,127 | +€31,586 | +70.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,998 | €90,584 | +€31,586 | +53.5% |
| Non-distributable reserves | 130/1 | €670 | €670 | = | 0.0% |
| Reserves not available under the articles | 1311 | €670 | €670 | = | 0.0% |
| Distributable reserves | 133 | €58,328 | €89,914 | +€31,586 | +54.2% |
| Profit (loss) carried forward | 14 | -€34,458 | -€34,458 | = | 0.0% |
| Amounts payable | 17/49 | €3,471 | €10,573 | +€7,102 | +204.6% |
| Amounts payable within one year | 42/48 | €3,471 | €10,573 | +€7,102 | +204.6% |
| Taxes, remuneration and social security | 45 | €3,471 | €10,573 | +€7,102 | +204.6% |
| Taxes | 450/3 | €3,471 | €10,573 | +€7,102 | +204.6% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €13,308 | €47,123 | +€33,815 | +254.1% |
| Operating profit (loss) | 9901 | €12,781 | €46,579 | +€33,799 | +264.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €12,737 | €46,534 | +€33,797 | +265.3% |
| Income taxes | 67/77 | €3,471 | €14,948 | +€11,477 | +330.7% |
| Profit (loss) for the period | 9904 | €9,266 | €31,586 | +€22,320 | +240.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,266 | €31,586 | +€22,320 | +240.9% |
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 11 October 2026 via checked.be.