Mufral: 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.
Mufral
Largest movements
- Cash -€49,948
down €49,948 (-86.4%), from €57,824 to €7,876
mainly Trade debts (-€44,306) and Net result for the year (-€16,642)
- Stocks and contracts -€8,596
down €8,596 (-82.3%), from €10,442 to €1,846
- Tangible fixed assets -€3,807
no longer reported in 2024 (was €3,807)
of which Plant, machinery and equipment: -€2,786
- Receivables within one year -€995
down €995 (-16.4%), from €6,058 to €5,063
of which Trade receivables: -€1,296
- Trade debts -€44,306
down €44,306 (-87.3%), from €50,764 to €6,458
- Reserves -€16,642
down €16,642 (-96.8%), from €17,190 to €548
- Tax, wage and social debts -€2,334
no longer reported in 2024 (was €2,334)
of which Remuneration and social security: -€2,000
- Gross operating margin -€11,740
down €11,740 (-478%), from -€2,457 to -€14,198
- Depreciation -€2,655
down €2,655 (-71.3%), from €3,724 to €1,069
- Other operating charges -€303
down €303 (-36.5%), from €831 to €528
- Financial charges -€195
down €195 (-40.2%), from €483 to €289
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.
Derived cash bridge
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 | €78,750 | €15,162 | -€63,589 | -80.7% |
| Fixed assets | 21/28 | €3,959 | €103 | -€3,855 | -97.4% |
| Intangible fixed assets | 21 | €152 | €103 | -€49 | -32.0% |
| Tangible fixed assets | 22/27 | €3,807 | - | -€3,807 | |
| Plant, machinery and equipment | 23 | €2,786 | - | -€2,786 | |
| Furniture and vehicles | 24 | €1,020 | - | -€1,020 | |
| Current assets | 29/58 | €74,791 | €15,058 | -€59,733 | -79.9% |
| Stocks and contracts in progress | 3 | €10,442 | €1,846 | -€8,596 | -82.3% |
| Stocks | 30/36 | €10,442 | €1,846 | -€8,596 | -82.3% |
| Amounts receivable within one year | 40/41 | €6,058 | €5,063 | -€995 | -16.4% |
| Trade receivables | 40 | €6,040 | €4,744 | -€1,296 | -21.5% |
| Other amounts receivable | 41 | €18 | €319 | +€302 | +1,700% |
| Cash at bank and in hand | 54/58 | €57,824 | €7,876 | -€49,948 | -86.4% |
| Deferred charges and accrued income | 490/1 | €468 | €273 | -€195 | -41.7% |
| Total equity and liabilities | 10/49 | €78,750 | €15,162 | -€63,589 | -80.7% |
| Equity | 10/15 | €23,190 | €6,548 | -€16,642 | -71.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,190 | €548 | -€16,642 | -96.8% |
| Distributable reserves | 133 | €17,190 | €548 | -€16,642 | -96.8% |
| Amounts payable | 17/49 | €55,560 | €8,614 | -€46,947 | -84.5% |
| Amounts payable within one year | 42/48 | €55,560 | €8,614 | -€46,947 | -84.5% |
| Trade debts | 44 | €50,764 | €6,458 | -€44,306 | -87.3% |
| Suppliers | 440/4 | €50,764 | €6,458 | -€44,306 | -87.3% |
| Taxes, remuneration and social security | 45 | €2,334 | - | -€2,334 | |
| Taxes | 450/3 | €334 | - | -€334 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,462 | €2,156 | -€306 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €1,069 | -€2,655 | -71.3% |
| Other operating charges | 640/8 | €831 | €528 | -€303 | -36.5% |
| Non-recurring operating charges | 66A | - | €583 | +€583 | |
| Gross operating margin | 9900 | -€2,457 | -€14,198 | -€11,740 | -478% |
| Operating profit (loss) | 9901 | -€7,012 | -€16,378 | -€9,366 | -134% |
| Financial income | 75/76B | €21 | €25 | +€4 | +16.9% |
| Recurring financial income | 75 | €21 | €25 | +€4 | +16.9% |
| Financial charges | 65/66B | €483 | €289 | -€195 | -40.2% |
| Recurring financial charges | 65 | €483 | €289 | -€195 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,474 | -€16,642 | -€9,168 | -123% |
| Profit (loss) for the period | 9904 | -€7,474 | -€16,642 | -€9,168 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,474 | -€16,642 | -€9,168 | -123% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.