MUEN & CO: 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.
MUEN & CO
Largest movements
- Tangible fixed assets -€49,288
down €49,288 (-6.5%), from €760,435 to €711,147
of which Furniture and vehicles: -€48,289
- Receivables within one year +€39,854
up €39,854 (+58.1%), from €68,603 to €108,457
of which Trade receivables: +€42,258
- Other debts +€75,003
up €75,003 (+166.0%), from €45,180 to €120,183
- Tax, wage and social debts -€41,929
down €41,929 (-95.8%), from €43,765 to €1,836
- Profit (loss) carried forward -€34,176
down €34,176 (-15.9%), from €214,280 to €180,104
- Debts after one year -€29,110
down €29,110 (-5.8%), from €500,387 to €471,277
- Trade debts +€10,638
new in 2024: €10,638
- Gross operating margin -€56,453
down €56,453 (-68.1%), from €82,906 to €26,453
- Turnover -€52,904
down €52,904 (-37.9%), from €139,409 to €86,505
- Purchases and services -€46,450
down €46,450 (-43.6%), from €106,502 to €60,052
- Depreciation -€13,943
down €13,943 (-22.1%), from €63,232 to €49,289
- Other operating charges -€10,585
no longer reported in 2024 (was €10,585)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €859,806 | €846,015 | -€13,791 | -1.6% |
| Fixed assets | 21/28 | €783,035 | €733,747 | -€49,288 | -6.3% |
| Tangible fixed assets | 22/27 | €760,435 | €711,147 | -€49,288 | -6.5% |
| Land and buildings | 22 | €434,387 | €434,387 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €3,107 | €2,107 | -€1,000 | -32.2% |
| Furniture and vehicles | 24 | €322,942 | €274,653 | -€48,289 | -15.0% |
| Financial fixed assets | 28 | €22,600 | €22,600 | = | 0.0% |
| Current assets | 29/58 | €76,771 | €112,268 | +€35,497 | +46.2% |
| Amounts receivable within one year | 40/41 | €68,603 | €108,457 | +€39,854 | +58.1% |
| Trade receivables | 40 | €65,303 | €107,561 | +€42,258 | +64.7% |
| Other amounts receivable | 41 | €3,299 | €896 | -€2,403 | -72.8% |
| Current investments | 50/53 | €52 | €52 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,117 | €3,759 | -€4,358 | -53.7% |
| Total equity and liabilities | 10/49 | €859,806 | €846,015 | -€13,791 | -1.6% |
| Equity | 10/15 | €247,118 | €212,942 | -€34,176 | -13.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | - | -€20,460 | |
| Other | 1109/19 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €12,378 | €12,378 | -€0 | 0.0% |
| Distributable reserves | 133 | €12,378 | €12,378 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €214,280 | €180,104 | -€34,176 | -15.9% |
| Amounts payable | 17/49 | €612,689 | €633,073 | +€20,384 | +3.3% |
| Amounts payable after more than one year | 17 | €500,387 | €471,277 | -€29,110 | -5.8% |
| Financial debts | 170/4 | €500,387 | €471,277 | -€29,110 | -5.8% |
| Amounts payable within one year | 42/48 | €112,302 | €161,796 | +€49,494 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €23,357 | €29,139 | +€5,782 | +24.8% |
| Trade debts | 44 | - | €10,638 | +€10,638 | |
| Suppliers | 440/4 | - | €10,638 | +€10,638 | |
| Taxes, remuneration and social security | 45 | €43,765 | €1,836 | -€41,929 | -95.8% |
| Taxes | 450/3 | €43,765 | €1,836 | -€41,929 | -95.8% |
| Other amounts payable | 47/48 | €45,180 | €120,183 | +€75,003 | +166.0% |
| Turnover | 70 | €139,409 | €86,505 | -€52,904 | -37.9% |
| Non-recurring operating income | 76A | €50,000 | - | -€50,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €106,502 | €60,052 | -€46,450 | -43.6% |
| Remuneration, social security and pensions | 62 | -€78 | - | +€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,232 | €49,289 | -€13,943 | -22.1% |
| Other operating charges | 640/8 | €10,585 | - | -€10,585 | |
| Gross operating margin | 9900 | €82,906 | €26,453 | -€56,453 | -68.1% |
| Operating profit (loss) | 9901 | €9,167 | -€22,836 | -€32,003 | |
| Financial charges | 65/66B | €13,862 | €9,973 | -€3,889 | -28.1% |
| Recurring financial charges | 65 | €13,862 | €9,973 | -€3,889 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,695 | -€32,809 | -€28,114 | -598.8% |
| Income taxes | 67/77 | - | €1,368 | +€1,368 | |
| Profit (loss) for the period | 9904 | -€4,695 | -€34,177 | -€29,482 | -627.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,695 | -€34,177 | -€29,482 | -627.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.