MUDE ENGINEERING: 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.
MUDE ENGINEERING
Largest movements
- Cash +€23,738
up €23,738 (+32.5%), from €73,056 to €96,794
mainly Net result for the year (+€23,467) and Trade debts (+€10,839)
- Tangible fixed assets -€5,192
down €5,192 (-37.4%), from €13,892 to €8,700
of which Plant, machinery and equipment: -€4,428
- Profit (loss) carried forward +€23,467
up €23,467 (+57.3%), from €40,988 to €64,455
- Other debts -€11,049
down €11,049 (-36.2%), from €30,546 to €19,497
- Trade debts +€10,839
up €10,839 (+96.9%), from €11,182 to €22,021
- Tax, wage and social debts -€3,607
down €3,607 (-14.8%), from €24,430 to €20,823
- Gross operating margin -€8,389
down €8,389 (-16.9%), from €49,727 to €41,338
- Other operating charges +€552
up €552 (+56.3%), from €981 to €1,533
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,346 | €132,996 | +€19,650 | +17.3% |
| Fixed assets | 21/28 | €13,892 | €8,700 | -€5,192 | -37.4% |
| Tangible fixed assets | 22/27 | €13,892 | €8,700 | -€5,192 | -37.4% |
| Plant, machinery and equipment | 23 | €10,535 | €6,107 | -€4,428 | -42.0% |
| Furniture and vehicles | 24 | €3,357 | €2,593 | -€764 | -22.8% |
| Current assets | 29/58 | €99,454 | €124,296 | +€24,842 | +25.0% |
| Amounts receivable within one year | 40/41 | €26,398 | €27,502 | +€1,104 | +4.2% |
| Trade receivables | 40 | €26,398 | €27,502 | +€1,104 | +4.2% |
| Cash at bank and in hand | 54/58 | €73,056 | €96,794 | +€23,738 | +32.5% |
| Total equity and liabilities | 10/49 | €113,346 | €132,996 | +€19,650 | +17.3% |
| Equity | 10/15 | €47,188 | €70,655 | +€23,467 | +49.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,988 | €64,455 | +€23,467 | +57.3% |
| Amounts payable | 17/49 | €66,158 | €62,341 | -€3,817 | -5.8% |
| Amounts payable within one year | 42/48 | €66,158 | €62,341 | -€3,817 | -5.8% |
| Trade debts | 44 | €11,182 | €22,021 | +€10,839 | +96.9% |
| Suppliers | 440/4 | €11,182 | €22,021 | +€10,839 | +96.9% |
| Taxes, remuneration and social security | 45 | €24,430 | €20,823 | -€3,607 | -14.8% |
| Taxes | 450/3 | €24,430 | €20,823 | -€3,607 | -14.8% |
| Other amounts payable | 47/48 | €30,546 | €19,497 | -€11,049 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,031 | €5,192 | +€161 | +3.2% |
| Other operating charges | 640/8 | €981 | €1,533 | +€552 | +56.3% |
| Gross operating margin | 9900 | €49,727 | €41,338 | -€8,389 | -16.9% |
| Operating profit (loss) | 9901 | €43,715 | €34,613 | -€9,102 | -20.8% |
| Financial charges | 65/66B | €243 | €259 | +€16 | +6.6% |
| Recurring financial charges | 65 | €243 | €259 | +€16 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €43,472 | €34,354 | -€9,118 | -21.0% |
| Income taxes | 67/77 | €10,997 | €10,887 | -€110 | -1.0% |
| Profit (loss) for the period | 9904 | €32,475 | €23,467 | -€9,008 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,475 | €23,467 | -€9,008 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.