Mudimeter: 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.
Mudimeter
Largest movements
- Cash +€84,809
up €84,809 (+59.2%), from €143,242 to €228,051
mainly Net result for the year (+€125,670) and Other debts (+€31,000)
- Receivables within one year +€30,744
up €30,744 (+118.2%), from €26,009 to €56,753
of which Other amounts receivable: +€28,482
- Tangible fixed assets -€12,561
down €12,561 (-1.4%), from €890,195 to €877,634
of which Land and buildings: -€27,449
- Reserves +€80,000
up €80,000 (+26.1%), from €306,860 to €386,860
of which Distributable reserves: +€80,000
- Debts after one year -€39,510
down €39,510 (-6.6%), from €594,856 to €555,346
- Other debts +€31,000
new in 2025: €31,000
- Tax, wage and social debts +€18,417
up €18,417 (+78.0%), from €23,618 to €42,035
- Gross operating margin +€69,153
up €69,153 (+42.1%), from €164,179 to €233,332
- Depreciation -€55,144
down €55,144 (-65.2%), from €84,583 to €29,440
- Taxes +€47,818
up €47,818 (+1511.9%), from €3,163 to €50,981
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 | €1,061,981 | €1,166,296 | +€104,316 | +9.8% |
| Fixed assets | 21/28 | €890,195 | €877,634 | -€12,561 | -1.4% |
| Tangible fixed assets | 22/27 | €890,195 | €877,634 | -€12,561 | -1.4% |
| Land and buildings | 22 | €876,582 | €849,133 | -€27,449 | -3.1% |
| Plant, machinery and equipment | 23 | - | €16,074 | +€16,074 | |
| Furniture and vehicles | 24 | €3,943 | €4,896 | +€953 | +24.2% |
| Other tangible fixed assets | 26 | €9,670 | €7,531 | -€2,139 | -22.1% |
| Current assets | 29/58 | €171,785 | €288,662 | +€116,877 | +68.0% |
| Amounts receivable within one year | 40/41 | €26,009 | €56,753 | +€30,744 | +118.2% |
| Trade receivables | 40 | €24,088 | €26,349 | +€2,262 | +9.4% |
| Other amounts receivable | 41 | €1,921 | €30,403 | +€28,482 | +1482.7% |
| Cash at bank and in hand | 54/58 | €143,242 | €228,051 | +€84,809 | +59.2% |
| Deferred charges and accrued income | 490/1 | €2,534 | €3,858 | +€1,324 | +52.3% |
| Total equity and liabilities | 10/49 | €1,061,981 | €1,166,296 | +€104,316 | +9.8% |
| Equity | 10/15 | €399,165 | €489,185 | +€90,020 | +22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €306,860 | €386,860 | +€80,000 | +26.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €305,000 | €385,000 | +€80,000 | +26.2% |
| Profit (loss) carried forward | 14 | €86,105 | €96,125 | +€10,020 | +11.6% |
| Amounts payable | 17/49 | €662,816 | €677,111 | +€14,295 | +2.2% |
| Amounts payable after more than one year | 17 | €594,856 | €555,346 | -€39,510 | -6.6% |
| Financial debts | 170/4 | €594,856 | €555,346 | -€39,510 | -6.6% |
| Amounts payable within one year | 42/48 | €67,959 | €121,765 | +€53,806 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €41,508 | €42,751 | +€1,242 | +3.0% |
| Financial debts | 43 | - | €108 | +€108 | |
| Credit institutions | 430/8 | - | €108 | +€108 | |
| Trade debts | 44 | €2,833 | €5,871 | +€3,038 | +107.2% |
| Suppliers | 440/4 | €2,833 | €5,871 | +€3,038 | +107.2% |
| Taxes, remuneration and social security | 45 | €23,618 | €42,035 | +€18,417 | +78.0% |
| Taxes | 450/3 | €23,618 | €42,035 | +€18,417 | +78.0% |
| Other amounts payable | 47/48 | - | €31,000 | +€31,000 | |
| Non-recurring operating income | 76A | - | €32,443 | +€32,443 | |
| Remuneration, social security and pensions | 62 | - | €1,421 | +€1,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,583 | €29,440 | -€55,144 | -65.2% |
| Other operating charges | 640/8 | €3,820 | €5,248 | +€1,428 | +37.4% |
| Gross operating margin | 9900 | €164,179 | €233,332 | +€69,153 | +42.1% |
| Operating profit (loss) | 9901 | €75,776 | €197,223 | +€121,447 | +160.3% |
| Financial income | 75/76B | €1,387 | €1,445 | +€57 | +4.1% |
| Recurring financial income | 75 | €1,387 | €1,445 | +€57 | +4.1% |
| Financial charges | 65/66B | €23,180 | €22,017 | -€1,163 | -5.0% |
| Recurring financial charges | 65 | €23,180 | €22,017 | -€1,163 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €53,984 | €176,651 | +€122,668 | +227.2% |
| Income taxes | 67/77 | €3,163 | €50,981 | +€47,818 | +1511.9% |
| Profit (loss) for the period | 9904 | €50,821 | €125,670 | +€74,849 | +147.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,821 | €125,670 | +€74,849 | +147.3% |
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 28 September 2026 via checked.be.