MUGLA: 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.
MUGLA
Largest movements
- Intangible fixed assets -€140,869
down €140,869 (-23.5%), from €598,694 to €457,825
- Tangible fixed assets +€136,485
up €136,485 (+52.7%), from €259,205 to €395,690
of which Plant, machinery and equipment: +€166,387
- Stocks and contracts +€59,217
up €59,217 (+14.3%), from €415,027 to €474,244
- Cash -€54,097
down €54,097 (-80.8%), from €66,945 to €12,848
mainly Net result for the year (-€293,031) and Investment in fixed assets (net) (-€208,155)
- Debts after one year +€332,654
up €332,654 (+231.6%), from €143,634 to €476,288
of which Other amounts payable: +€239,854
- Profit (loss) carried forward -€293,031
down €293,031 (-296.4%), from -€98,859 to -€391,890
- Trade debts +€110,951
up €110,951 (+16.7%), from €664,296 to €775,247
- Current portion of long-term debt -€89,744
no longer reported in 2025 (was €89,744)
- Other debts -€63,564
down €63,564 (-29.6%), from €215,038 to €151,474
- Staff costs +€122,110
up €122,110 (+39.7%), from €307,699 to €429,809
- Financial income -€99,998
down €99,998 (-100.0%), from €100,000 to €2
of which Non-recurring financial income: -€100,000
- Gross operating margin -€70,377
down €70,377 (-13.6%), from €517,719 to €447,342
- Financial charges +€34,166
up €34,166 (+69.7%), from €49,053 to €83,219
- Depreciation +€8,963
up €8,963 (+4.4%), from €203,577 to €212,539
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.
Cash bridge derived
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 | €1,398,672 | €1,391,139 | -€7,533 | -0.5% |
| Fixed assets | 21/28 | €859,135 | €854,750 | -€4,384 | -0.5% |
| Intangible fixed assets | 21 | €598,694 | €457,825 | -€140,869 | -23.5% |
| Tangible fixed assets | 22/27 | €259,205 | €395,690 | +€136,485 | +52.7% |
| Plant, machinery and equipment | 23 | €177,556 | €343,944 | +€166,387 | +93.7% |
| Furniture and vehicles | 24 | €23,409 | €27,032 | +€3,624 | +15.5% |
| Other tangible fixed assets | 26 | €58,240 | €24,714 | -€33,526 | -57.6% |
| Financial fixed assets | 28 | €1,235 | €1,235 | = | 0.0% |
| Current assets | 29/58 | €539,537 | €536,389 | -€3,148 | -0.6% |
| Stocks and contracts in progress | 3 | €415,027 | €474,244 | +€59,217 | +14.3% |
| Stocks | 30/36 | €415,027 | €474,244 | +€59,217 | +14.3% |
| Amounts receivable within one year | 40/41 | €21,269 | €9,536 | -€11,733 | -55.2% |
| Trade receivables | 40 | €1,678 | - | -€1,678 | |
| Other amounts receivable | 41 | €19,591 | €9,536 | -€10,055 | -51.3% |
| Cash at bank and in hand | 54/58 | €66,945 | €12,848 | -€54,097 | -80.8% |
| Deferred charges and accrued income | 490/1 | €36,296 | €39,761 | +€3,465 | +9.5% |
| Total equity and liabilities | 10/49 | €1,398,672 | €1,391,139 | -€7,533 | -0.5% |
| Equity | 10/15 | €201,141 | -€91,890 | -€293,031 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,859 | -€391,890 | -€293,031 | -296.4% |
| Amounts payable | 17/49 | €1,197,530 | €1,483,029 | +€285,498 | +23.8% |
| Amounts payable after more than one year | 17 | €143,634 | €476,288 | +€332,654 | +231.6% |
| Financial debts | 170/4 | - | €92,800 | +€92,800 | |
| Other amounts payable | 178/9 | €143,634 | €383,488 | +€239,854 | +167.0% |
| Amounts payable within one year | 42/48 | €1,034,333 | €989,023 | -€45,310 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €89,744 | - | -€89,744 | |
| Financial debts | 43 | €30,513 | - | -€30,513 | |
| Credit institutions | 430/8 | €30,513 | - | -€30,513 | |
| Trade debts | 44 | €664,296 | €775,247 | +€110,951 | +16.7% |
| Suppliers | 440/4 | €664,296 | €775,247 | +€110,951 | +16.7% |
| Taxes, remuneration and social security | 45 | €34,741 | €62,302 | +€27,561 | +79.3% |
| Taxes | 450/3 | €1,749 | €375 | -€1,373 | -78.5% |
| Remuneration and social security | 454/9 | €32,993 | €61,927 | +€28,934 | +87.7% |
| Other amounts payable | 47/48 | €215,038 | €151,474 | -€63,564 | -29.6% |
| Accrued charges and deferred income | 492/3 | €19,563 | €17,719 | -€1,845 | -9.4% |
| Remuneration, social security and pensions | 62 | €307,699 | €429,809 | +€122,110 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,577 | €212,539 | +€8,963 | +4.4% |
| Other operating charges | 640/8 | €21,339 | €14,493 | -€6,846 | -32.1% |
| Non-recurring operating charges | 66A | €2,786 | - | -€2,786 | |
| Gross operating margin | 9900 | €517,719 | €447,342 | -€70,377 | -13.6% |
| Operating profit (loss) | 9901 | -€17,681 | -€209,499 | -€191,818 | -1084.9% |
| Financial income | 75/76B | €100,000 | €2 | -€99,998 | -100.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1710.0% |
| Non-recurring financial income | 76B | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €49,053 | €83,219 | +€34,166 | +69.7% |
| Recurring financial charges | 65 | €49,053 | €83,219 | +€34,166 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €33,266 | -€292,717 | -€325,983 | |
| Income taxes | 67/77 | €1,749 | €315 | -€1,434 | -82.0% |
| Profit (loss) for the period | 9904 | €31,517 | -€293,031 | -€324,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,517 | -€293,031 | -€324,548 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.