MUDIR GROUP: 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.
MUDIR GROUP
Largest movements
- Receivables within one year +€10,997
up €10,997 (+426%), from €2,581 to €13,578
- Cash +€5,291
up €5,291 (+40.9%), from €12,938 to €18,229
mainly Net result for the year (+€16,508) and Tax, wage and social debts (+€6,952)
- Deferred charges and accrued income +€1,098
up €1,098 (+136%), from €807 to €1,906
- Reserves +€14,842
up €14,842 (+134%), from €11,041 to €25,883
- Tax, wage and social debts +€6,952
up €6,952 (+124%), from €5,628 to €12,581
- Trade debts -€2,250
down €2,250 (-95.5%), from €2,357 to €107
- Other debts -€2,049
down €2,049 (-63.7%), from €3,215 to €1,166
- Gross operating margin +€13,391
up €13,391 (+75.4%), from €17,755 to €31,146
- Depreciation +€2,947
up €2,947 (+272%), from €1,084 to €4,031
- Taxes +€2,116
up €2,116 (+60.1%), from €3,521 to €5,637
- Other operating charges +€1,814
up €1,814 (+3,628%), from €50 to €1,864
- Staff costs +€1,183
up €1,183 (+326%), from €363 to €1,545
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.
Derived cash bridge
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 | €25,242 | €42,747 | +€17,505 | +69.4% |
| Fixed assets | 21/28 | €8,916 | €9,034 | +€118 | +1.3% |
| Tangible fixed assets | 22/27 | €8,916 | €9,034 | +€118 | +1.3% |
| Plant, machinery and equipment | 23 | - | €1,072 | +€1,072 | |
| Furniture and vehicles | 24 | €8,916 | €7,963 | -€953 | -10.7% |
| Current assets | 29/58 | €16,325 | €33,713 | +€17,387 | +107% |
| Amounts receivable within one year | 40/41 | €2,581 | €13,578 | +€10,997 | +426% |
| Trade receivables | 40 | €2,581 | €13,578 | +€10,997 | +426% |
| Cash at bank and in hand | 54/58 | €12,938 | €18,229 | +€5,291 | +40.9% |
| Deferred charges and accrued income | 490/1 | €807 | €1,906 | +€1,098 | +136% |
| Total equity and liabilities | 10/49 | €25,242 | €42,747 | +€17,505 | +69.4% |
| Equity | 10/15 | €14,041 | €28,883 | +€14,842 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,041 | €25,883 | +€14,842 | +134% |
| Distributable reserves | 133 | €11,041 | €25,883 | +€14,842 | +134% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,201 | €13,864 | +€2,664 | +23.8% |
| Amounts payable within one year | 42/48 | €11,201 | €13,854 | +€2,653 | +23.7% |
| Trade debts | 44 | €2,357 | €107 | -€2,250 | -95.5% |
| Suppliers | 440/4 | €2,357 | €107 | -€2,250 | -95.5% |
| Taxes, remuneration and social security | 45 | €5,628 | €12,581 | +€6,952 | +124% |
| Taxes | 450/3 | €5,628 | €12,581 | +€6,952 | +124% |
| Other amounts payable | 47/48 | €3,215 | €1,166 | -€2,049 | -63.7% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €363 | €1,545 | +€1,183 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €4,031 | +€2,947 | +272% |
| Other operating charges | 640/8 | €50 | €1,864 | +€1,814 | +3,628% |
| Non-recurring operating charges | 66A | - | €1,275 | +€1,275 | |
| Gross operating margin | 9900 | €17,755 | €31,146 | +€13,391 | +75.4% |
| Operating profit (loss) | 9901 | €16,258 | €22,431 | +€6,172 | +38.0% |
| Financial charges | 65/66B | €30 | €286 | +€256 | +854% |
| Recurring financial charges | 65 | €30 | €286 | +€256 | +854% |
| Profit (loss) for the period before taxes | 9903 | €16,228 | €22,144 | +€5,916 | +36.5% |
| Income taxes | 67/77 | €3,521 | €5,637 | +€2,116 | +60.1% |
| Profit (loss) for the period | 9904 | €12,707 | €16,508 | +€3,800 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,707 | €16,508 | +€3,800 | +29.9% |
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 23 October 2026 via checked.be.