MUG AGENCY: 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.
MUG AGENCY
Largest movements
- Cash +€17,377
up €17,377 (+155%), from €11,245 to €28,622
mainly Other debts (+€9,642) and Tax, wage and social debts (+€4,645)
- Tangible fixed assets -€2,019
down €2,019 (-56.0%), from €3,608 to €1,589
of which Plant, machinery and equipment: -€1,506
- Receivables within one year +€1,549
up €1,549 (+10.5%), from €14,752 to €16,301
- Other debts +€9,642
up €9,642 (+267%), from €3,608 to €13,250
- Tax, wage and social debts +€4,645
up €4,645 (+57.0%), from €8,150 to €12,795
- Trade debts +€1,314
up €1,314 (+112%), from €1,173 to €2,487
- Profit (loss) carried forward +€1,306
up €1,306 (+7.9%), from €16,574 to €17,880
- Gross operating margin +€52,067
up €52,067, from -€7,376 to €44,691
- Financial charges -€450
down €450 (-75.3%), from €598 to €148
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 | €29,605 | €46,512 | +€16,907 | +57.1% |
| Fixed assets | 21/28 | €3,608 | €1,589 | -€2,019 | -56.0% |
| Tangible fixed assets | 22/27 | €3,608 | €1,589 | -€2,019 | -56.0% |
| Plant, machinery and equipment | 23 | €2,719 | €1,213 | -€1,506 | -55.4% |
| Furniture and vehicles | 24 | €889 | €376 | -€513 | -57.7% |
| Current assets | 29/58 | €25,997 | €44,923 | +€18,926 | +72.8% |
| Amounts receivable within one year | 40/41 | €14,752 | €16,301 | +€1,549 | +10.5% |
| Trade receivables | 40 | €14,752 | €16,301 | +€1,549 | +10.5% |
| Cash at bank and in hand | 54/58 | €11,245 | €28,622 | +€17,377 | +155% |
| Total equity and liabilities | 10/49 | €29,605 | €46,512 | +€16,907 | +57.1% |
| Equity | 10/15 | €16,674 | €17,980 | +€1,306 | +7.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,574 | €17,880 | +€1,306 | +7.9% |
| Amounts payable | 17/49 | €12,931 | €28,532 | +€15,601 | +121% |
| Amounts payable within one year | 42/48 | €12,931 | €28,532 | +€15,601 | +121% |
| Trade debts | 44 | €1,173 | €2,487 | +€1,314 | +112% |
| Suppliers | 440/4 | €1,173 | €2,487 | +€1,314 | +112% |
| Taxes, remuneration and social security | 45 | €8,150 | €12,795 | +€4,645 | +57.0% |
| Taxes | 450/3 | €8,150 | €12,795 | +€4,645 | +57.0% |
| Other amounts payable | 47/48 | €3,608 | €13,250 | +€9,642 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,020 | €2,019 | -€1 | 0.0% |
| Other operating charges | 640/8 | €75 | - | -€75 | |
| Non-recurring operating charges | 66A | - | €41,090 | +€41,090 | |
| Gross operating margin | 9900 | -€7,376 | €44,691 | +€52,067 | |
| Operating profit (loss) | 9901 | -€9,471 | €1,582 | +€11,053 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €598 | €148 | -€450 | -75.3% |
| Recurring financial charges | 65 | €598 | €148 | -€450 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,069 | €1,438 | +€11,507 | |
| Income taxes | 67/77 | €160 | €132 | -€28 | -17.5% |
| Profit (loss) for the period | 9904 | -€10,229 | €1,306 | +€11,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,229 | €1,306 | +€11,535 |
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.