Muelitas: 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.
Muelitas
Largest movements
- Tangible fixed assets -€42,089
down €42,089 (-5.7%), from €738,304 to €696,215
of which Land and buildings: -€23,307
- Other debts +€69,060
up €69,060 (+3,259%), from €2,119 to €71,179
- Debts after one year -€64,543
down €64,543 (-9.2%), from €698,507 to €633,965
- Reserves -€40,116
down €40,116 (-43.0%), from €93,359 to €53,243
- Gross operating margin -€14,975
down €14,975 (-12.6%), from €118,623 to €103,649
- Taxes +€2,221
up €2,221, from -€1,956 to €265
- Depreciation +€1,618
up €1,618 (+2.9%), from €56,449 to €58,068
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 | €867,265 | €836,838 | -€30,426 | -3.5% |
| Fixed assets | 21/28 | €738,304 | €696,215 | -€42,089 | -5.7% |
| Tangible fixed assets | 22/27 | €738,304 | €696,215 | -€42,089 | -5.7% |
| Land and buildings | 22 | €553,715 | €530,408 | -€23,307 | -4.2% |
| Plant, machinery and equipment | 23 | €172,163 | €158,508 | -€13,655 | -7.9% |
| Furniture and vehicles | 24 | €12,426 | €7,298 | -€5,128 | -41.3% |
| Current assets | 29/58 | €128,961 | €140,624 | +€11,663 | +9.0% |
| Amounts receivable within one year | 40/41 | €3,291 | €5,996 | +€2,705 | +82.2% |
| Trade receivables | 40 | €563 | €618 | +€55 | +9.7% |
| Other amounts receivable | 41 | €2,728 | €5,378 | +€2,651 | +97.2% |
| Cash at bank and in hand | 54/58 | €121,740 | €129,983 | +€8,244 | +6.8% |
| Deferred charges and accrued income | 490/1 | €3,930 | €4,644 | +€714 | +18.2% |
| Total equity and liabilities | 10/49 | €867,265 | €836,838 | -€30,426 | -3.5% |
| Equity | 10/15 | €98,359 | €58,243 | -€40,116 | -40.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €93,359 | €53,243 | -€40,116 | -43.0% |
| Distributable reserves | 133 | €93,359 | €53,243 | -€40,116 | -43.0% |
| Amounts payable | 17/49 | €768,905 | €778,595 | +€9,690 | +1.3% |
| Amounts payable after more than one year | 17 | €698,507 | €633,965 | -€64,543 | -9.2% |
| Financial debts | 170/4 | €698,507 | €633,965 | -€64,543 | -9.2% |
| Amounts payable within one year | 42/48 | €70,371 | €144,603 | +€74,231 | +105% |
| Current portion of amounts payable after more than one year | 42 | €63,333 | €64,543 | +€1,209 | +1.9% |
| Trade debts | 44 | €4,919 | €4,381 | -€538 | -10.9% |
| Suppliers | 440/4 | €4,919 | €4,381 | -€538 | -10.9% |
| Advances received on contracts in progress | 46 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €2,119 | €71,179 | +€69,060 | +3,259% |
| Accrued charges and deferred income | 492/3 | €26 | €28 | +€1 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,449 | €58,068 | +€1,618 | +2.9% |
| Other operating charges | 640/8 | €2,909 | €2,998 | +€89 | +3.1% |
| Gross operating margin | 9900 | €118,623 | €103,649 | -€14,975 | -12.6% |
| Operating profit (loss) | 9901 | €59,265 | €42,583 | -€16,683 | -28.1% |
| Financial income | 75/76B | - | €884 | +€884 | |
| Recurring financial income | 75 | - | €884 | +€884 | |
| Financial charges | 65/66B | €14,479 | €13,318 | -€1,161 | -8.0% |
| Recurring financial charges | 65 | €14,479 | €13,318 | -€1,161 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €44,786 | €30,149 | -€14,637 | -32.7% |
| Income taxes | 67/77 | -€1,956 | €265 | +€2,221 | |
| Profit (loss) for the period | 9904 | €46,742 | €29,884 | -€16,858 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,742 | €29,884 | -€16,858 | -36.1% |
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 22 October 2026 via checked.be.