MUES CHRIS: 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.
MUES CHRIS
Largest movements
- Cash -€18,335
down €18,335 (-73.3%), from €25,020 to €6,685
mainly Debts after one year (-€13,059) and Current investments (-€10,000)
- Current investments +€10,000
up €10,000 (+6.7%), from €150,000 to €160,000
- Receivables within one year +€5,174
up €5,174 (+38.7%), from €13,356 to €18,530
- Tangible fixed assets -€2,399
down €2,399 (-7.9%), from €30,544 to €28,146
of which Leasing and similar rights: -€10,015
- Debts after one year -€13,059
down €13,059 (-88.3%), from €14,784 to €1,724
- Reserves +€6,150
up €6,150 (+8.7%), from €70,893 to €77,043
of which Distributable reserves: +€6,150
- Other debts +€3,866
new in 2025: €3,866
- Gross operating margin -€5,994
down €5,994 (-21.8%), from €27,551 to €21,556
- Taxes -€1,725
down €1,725 (-26.4%), from €6,532 to €4,808
- Depreciation -€1,025
down €1,025 (-8.6%), from €11,951 to €10,926
- Financial income +€945
up €945 (+21.2%), from €4,464 to €5,408
- Other operating charges +€799
up €799 (+1,252%), from €64 to €863
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 | €219,324 | €214,892 | -€4,433 | -2.0% |
| Fixed assets | 21/28 | €30,544 | €28,146 | -€2,399 | -7.9% |
| Tangible fixed assets | 22/27 | €30,544 | €28,146 | -€2,399 | -7.9% |
| Plant, machinery and equipment | 23 | - | €4,026 | +€4,026 | |
| Furniture and vehicles | 24 | €86 | €3,678 | +€3,591 | +4,153% |
| Leasing and similar rights | 25 | €30,458 | €20,442 | -€10,015 | -32.9% |
| Current assets | 29/58 | €188,780 | €186,746 | -€2,034 | -1.1% |
| Amounts receivable within one year | 40/41 | €13,356 | €18,530 | +€5,174 | +38.7% |
| Other amounts receivable | 41 | €13,356 | €18,530 | +€5,174 | +38.7% |
| Current investments | 50/53 | €150,000 | €160,000 | +€10,000 | +6.7% |
| Cash at bank and in hand | 54/58 | €25,020 | €6,685 | -€18,335 | -73.3% |
| Deferred charges and accrued income | 490/1 | €404 | €1,531 | +€1,127 | +279% |
| Total equity and liabilities | 10/49 | €219,324 | €214,892 | -€4,433 | -2.0% |
| Equity | 10/15 | €188,280 | €194,429 | +€6,150 | +3.3% |
| Contributions | 10/11 | €117,387 | €117,387 | = | 0.0% |
| Capital | 10 | €117,387 | €117,387 | = | 0.0% |
| Issued capital | 100 | €117,387 | €117,387 | = | 0.0% |
| Reserves | 13 | €70,893 | €77,043 | +€6,150 | +8.7% |
| Non-distributable reserves | 130/1 | €11,739 | €11,739 | = | 0.0% |
| Legal reserve | 130 | €11,739 | €11,739 | = | 0.0% |
| Distributable reserves | 133 | €59,154 | €65,304 | +€6,150 | +10.4% |
| Amounts payable | 17/49 | €31,045 | €20,462 | -€10,583 | -34.1% |
| Amounts payable after more than one year | 17 | €14,784 | €1,724 | -€13,059 | -88.3% |
| Financial debts | 170/4 | €14,784 | €1,724 | -€13,059 | -88.3% |
| Amounts payable within one year | 42/48 | €16,261 | €18,738 | +€2,477 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €12,578 | €13,059 | +€481 | +3.8% |
| Trade debts | 44 | - | €280 | +€280 | |
| Suppliers | 440/4 | - | €280 | +€280 | |
| Taxes, remuneration and social security | 45 | €3,683 | €1,532 | -€2,151 | -58.4% |
| Taxes | 450/3 | €3,683 | €1,532 | -€2,151 | -58.4% |
| Other amounts payable | 47/48 | - | €3,866 | +€3,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,951 | €10,926 | -€1,025 | -8.6% |
| Other operating charges | 640/8 | €64 | €863 | +€799 | +1,252% |
| Gross operating margin | 9900 | €27,551 | €21,556 | -€5,994 | -21.8% |
| Operating profit (loss) | 9901 | €15,536 | €9,767 | -€5,768 | -37.1% |
| Financial income | 75/76B | €4,464 | €5,408 | +€945 | +21.2% |
| Recurring financial income | 75 | €4,464 | €5,408 | +€945 | +21.2% |
| Financial charges | 65/66B | €416 | €352 | -€64 | -15.5% |
| Recurring financial charges | 65 | €416 | €352 | -€64 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €19,583 | €14,824 | -€4,760 | -24.3% |
| Income taxes | 67/77 | €6,532 | €4,808 | -€1,725 | -26.4% |
| Profit (loss) for the period | 9904 | €13,051 | €10,016 | -€3,035 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,051 | €10,016 | -€3,035 | -23.3% |
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 19 October 2026 via checked.be.