Mud-Classic: 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.
Mud-Classic
Largest movements
- Cash -€10,191
down €10,191 (-89.8%), from €11,343 to €1,151
mainly Deferred charges and accrued income (-€7,915) and Trade debts (-€7,874)
- Deferred charges and accrued income +€7,915
up €7,915 (+970.9%), from €815 to €8,730
- Receivables within one year +€2,992
up €2,992 (+21.2%), from €14,103 to €17,095
- Stocks and contracts +€1,522
up €1,522 (+3.9%), from €39,447 to €40,969
of which Contracts in progress: +€1,022
- Trade debts -€7,874
down €7,874 (-66.5%), from €11,849 to €3,975
- Other debts +€4,224
up €4,224 (+7.5%), from €56,207 to €60,431
- Tax, wage and social debts +€3,859
up €3,859 (+78.2%), from €4,935 to €8,794
- Profit (loss) carried forward +€2,001
up €2,001 (+23.9%), from -€8,369 to -€6,367
- Gross operating margin +€8,976
up €8,976, from -€2,487 to €6,489
- Other operating charges -€1,926
down €1,926 (-82.0%), from €2,349 to €423
- Depreciation +€386
up €386 (+13.6%), from €2,846 to €3,232
- Financial charges -€66
down €66 (-7.3%), from €905 to €838
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 | €74,623 | €76,833 | +€2,211 | +3.0% |
| Fixed assets | 21/28 | €8,915 | €8,888 | -€27 | -0.3% |
| Intangible fixed assets | 21 | €1,132 | €458 | -€674 | -59.5% |
| Tangible fixed assets | 22/27 | €7,783 | €8,430 | +€647 | +8.3% |
| Plant, machinery and equipment | 23 | €7,783 | €5,796 | -€1,987 | -25.5% |
| Furniture and vehicles | 24 | - | €2,634 | +€2,634 | |
| Current assets | 29/58 | €65,708 | €67,945 | +€2,238 | +3.4% |
| Stocks and contracts in progress | 3 | €39,447 | €40,969 | +€1,522 | +3.9% |
| Stocks | 30/36 | €37,035 | €37,535 | +€500 | +1.4% |
| Contracts in progress | 37 | €2,412 | €3,433 | +€1,022 | +42.4% |
| Amounts receivable within one year | 40/41 | €14,103 | €17,095 | +€2,992 | +21.2% |
| Trade receivables | 40 | €14,103 | €17,095 | +€2,992 | +21.2% |
| Cash at bank and in hand | 54/58 | €11,343 | €1,151 | -€10,191 | -89.8% |
| Deferred charges and accrued income | 490/1 | €815 | €8,730 | +€7,915 | +970.9% |
| Total equity and liabilities | 10/49 | €74,623 | €76,833 | +€2,211 | +3.0% |
| Equity | 10/15 | €1,631 | €3,633 | +€2,001 | +122.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,369 | -€6,367 | +€2,001 | +23.9% |
| Amounts payable | 17/49 | €72,991 | €73,201 | +€210 | +0.3% |
| Amounts payable within one year | 42/48 | €72,991 | €73,201 | +€210 | +0.3% |
| Trade debts | 44 | €11,849 | €3,975 | -€7,874 | -66.5% |
| Suppliers | 440/4 | €11,849 | €3,975 | -€7,874 | -66.5% |
| Taxes, remuneration and social security | 45 | €4,935 | €8,794 | +€3,859 | +78.2% |
| Taxes | 450/3 | €4,935 | €8,794 | +€3,859 | +78.2% |
| Other amounts payable | 47/48 | €56,207 | €60,431 | +€4,224 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €3,232 | +€386 | +13.6% |
| Other operating charges | 640/8 | €2,349 | €423 | -€1,926 | -82.0% |
| Gross operating margin | 9900 | -€2,487 | €6,489 | +€8,976 | |
| Operating profit (loss) | 9901 | -€7,682 | €2,834 | +€10,516 | |
| Financial income | 75/76B | €14 | €6 | -€9 | -59.7% |
| Recurring financial income | 75 | €14 | €6 | -€9 | -59.7% |
| Financial charges | 65/66B | €905 | €838 | -€66 | -7.3% |
| Recurring financial charges | 65 | €905 | €838 | -€66 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,573 | €2,001 | +€10,574 | |
| Income taxes | 67/77 | €45 | - | -€45 | |
| Profit (loss) for the period | 9904 | -€8,617 | €2,001 | +€10,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,617 | €2,001 | +€10,619 |
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 10 October 2026 via checked.be.