MUDO TRADING: 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.
MUDO TRADING
Largest movements
- Cash -€15,419
down €15,419 (-43.0%), from €35,850 to €20,431
mainly Trade debts (-€55,704) and Stocks and contracts (-€9,888)
- Stocks and contracts +€9,888
up €9,888 (+1.8%), from €536,762 to €546,650
- Trade debts -€55,704
down €55,704 (-20.4%), from €272,893 to €217,189
- Profit (loss) carried forward +€33,063
up €33,063 (+18.4%), from €179,915 to €212,978
- Tax, wage and social debts +€13,790
up €13,790 (+65.1%), from €21,178 to €34,968
of which Remuneration and social security: +€10,912
- Other debts +€7,652
up €7,652 (+7.4%), from €103,634 to €111,286
- Gross operating margin +€23,696
up €23,696 (+38.8%), from €61,076 to €84,772
- Taxes -€11,612
down €11,612 (-48.1%), from €24,166 to €12,554
- Staff costs +€2,798
up €2,798 (+10.3%), from €27,271 to €30,069
- Other operating charges +€1,473
up €1,473 (+30.1%), from €4,888 to €6,361
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 | €597,207 | €596,008 | -€1,199 | -0.2% |
| Fixed assets | 21/28 | €1,933 | €1,371 | -€562 | -29.1% |
| Tangible fixed assets | 22/27 | €1,685 | €1,123 | -€562 | -33.4% |
| Land and buildings | 22 | €1,685 | €1,123 | -€562 | -33.4% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €595,274 | €594,637 | -€637 | -0.1% |
| Stocks and contracts in progress | 3 | €536,762 | €546,650 | +€9,888 | +1.8% |
| Stocks | 30/36 | €536,762 | €546,650 | +€9,888 | +1.8% |
| Amounts receivable within one year | 40/41 | €21,457 | €26,395 | +€4,938 | +23.0% |
| Trade receivables | 40 | €21,453 | €26,395 | +€4,942 | +23.0% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €35,850 | €20,431 | -€15,419 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,205 | €1,161 | -€44 | -3.7% |
| Total equity and liabilities | 10/49 | €597,207 | €596,008 | -€1,199 | -0.2% |
| Equity | 10/15 | €199,502 | €232,565 | +€33,063 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €995 | €995 | = | 0.0% |
| Distributable reserves | 133 | €995 | €995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,915 | €212,978 | +€33,063 | +18.4% |
| Amounts payable | 17/49 | €397,705 | €363,443 | -€34,262 | -8.6% |
| Amounts payable within one year | 42/48 | €397,705 | €363,443 | -€34,262 | -8.6% |
| Trade debts | 44 | €272,893 | €217,189 | -€55,704 | -20.4% |
| Suppliers | 440/4 | €272,893 | €217,189 | -€55,704 | -20.4% |
| Taxes, remuneration and social security | 45 | €21,178 | €34,968 | +€13,790 | +65.1% |
| Taxes | 450/3 | €20,562 | €23,440 | +€2,878 | +14.0% |
| Remuneration and social security | 454/9 | €616 | €11,528 | +€10,912 | +1,771% |
| Other amounts payable | 47/48 | €103,634 | €111,286 | +€7,652 | +7.4% |
| Remuneration, social security and pensions | 62 | €27,271 | €30,069 | +€2,798 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €562 | = | 0.0% |
| Other operating charges | 640/8 | €4,888 | €6,361 | +€1,473 | +30.1% |
| Gross operating margin | 9900 | €61,076 | €84,772 | +€23,696 | +38.8% |
| Operating profit (loss) | 9901 | €28,355 | €47,780 | +€19,425 | +68.5% |
| Financial income | 75/76B | €211 | €298 | +€87 | +41.2% |
| Recurring financial income | 75 | €211 | €298 | +€87 | +41.2% |
| Financial charges | 65/66B | €2,564 | €2,461 | -€103 | -4.0% |
| Recurring financial charges | 65 | €2,564 | €2,461 | -€103 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €26,002 | €45,617 | +€19,615 | +75.4% |
| Income taxes | 67/77 | €24,166 | €12,554 | -€11,612 | -48.1% |
| Profit (loss) for the period | 9904 | €1,836 | €33,063 | +€31,227 | +1,701% |
| Profit (loss) for the period to be appropriated | 9905 | €1,836 | €33,063 | +€31,227 | +1,701% |
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 27 October 2026 via checked.be.