MUDITA: 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.
MUDITA
Largest movements
- Cash -€28,935
down €28,935 (-16.9%), from €170,833 to €141,898
mainly Net result for the year (-€19,008) and Receivables within one year (-€5,538)
- Receivables within one year +€5,538
up €5,538 (+32.6%), from €16,994 to €22,532
of which Trade receivables: +€3,920
- Tangible fixed assets -€2,081
down €2,081 (-31.1%), from €6,690 to €4,609
- Profit (loss) carried forward -€19,008
down €19,008 (-10.7%), from €178,125 to €159,117
- Trade debts -€5,480
down €5,480 (-65.9%), from €8,310 to €2,830
- Turnover -€274,995
no longer reported in 2025 (was €274,995)
- Gross operating margin -€227,412
down €227,412, from €210,891 to -€16,521
- Purchases and services -€63,614
no longer reported in 2025 (was €63,614)
- Taxes -€56,637
down €56,637 (-99.6%), from €56,892 to €255
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 | €194,967 | €169,501 | -€25,466 | -13.1% |
| Fixed assets | 21/28 | €6,855 | €4,774 | -€2,081 | -30.4% |
| Tangible fixed assets | 22/27 | €6,690 | €4,609 | -€2,081 | -31.1% |
| Furniture and vehicles | 24 | €6,690 | €4,609 | -€2,081 | -31.1% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €188,113 | €164,728 | -€23,385 | -12.4% |
| Amounts receivable within one year | 40/41 | €16,994 | €22,532 | +€5,538 | +32.6% |
| Trade receivables | 40 | €1,178 | €5,098 | +€3,920 | +333% |
| Other amounts receivable | 41 | €15,817 | €17,435 | +€1,618 | +10.2% |
| Cash at bank and in hand | 54/58 | €170,833 | €141,898 | -€28,935 | -16.9% |
| Deferred charges and accrued income | 490/1 | €285 | €297 | +€12 | +4.3% |
| Total equity and liabilities | 10/49 | €194,967 | €169,501 | -€25,466 | -13.1% |
| Equity | 10/15 | €184,766 | €165,758 | -€19,008 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €441 | €441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €441 | €441 | = | 0.0% |
| Reserves not available under the articles | 1311 | €441 | €441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,125 | €159,117 | -€19,008 | -10.7% |
| Amounts payable | 17/49 | €10,202 | €3,743 | -€6,458 | -63.3% |
| Amounts payable within one year | 42/48 | €10,202 | €3,743 | -€6,458 | -63.3% |
| Trade debts | 44 | €8,310 | €2,830 | -€5,480 | -65.9% |
| Suppliers | 440/4 | €8,310 | €2,830 | -€5,480 | -65.9% |
| Taxes, remuneration and social security | 45 | €1,892 | €913 | -€978 | -51.7% |
| Taxes | 450/3 | €1,892 | €913 | -€978 | -51.7% |
| Turnover | 70 | €274,995 | - | -€274,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €63,614 | - | -€63,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €2,081 | +€724 | +53.3% |
| Other operating charges | 640/8 | €799 | €500 | -€300 | -37.5% |
| Gross operating margin | 9900 | €210,891 | -€16,521 | -€227,412 | |
| Operating profit (loss) | 9901 | €208,734 | -€19,101 | -€227,835 | |
| Financial income | 75/76B | €391 | €847 | +€456 | +117% |
| Recurring financial income | 75 | €391 | €847 | +€456 | +117% |
| Financial charges | 65/66B | €109 | €498 | +€389 | +358% |
| Recurring financial charges | 65 | €109 | €498 | +€389 | +358% |
| Profit (loss) for the period before taxes | 9903 | €209,016 | -€18,753 | -€227,769 | |
| Income taxes | 67/77 | €56,892 | €255 | -€56,637 | -99.6% |
| Profit (loss) for the period | 9904 | €152,124 | -€19,008 | -€171,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,124 | -€19,008 | -€171,132 |
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 14 October 2026 via checked.be.