MUGNOMA: 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.
MUGNOMA
Largest movements
- Cash -€3,878
down €3,878 (-13.6%), from €28,601 to €24,723
mainly Investment in fixed assets (net) (-€7,249) and Current portion of long-term debt (-€2,216)
- Receivables within one year -€2,164
down €2,164 (-12.4%), from €17,484 to €15,320
of which Trade receivables: -€3,551
- Tangible fixed assets +€1,507
up €1,507 (+13.8%), from €10,912 to €12,420
of which Furniture and vehicles: +€2,258
- Deferred charges and accrued income +€1,158
up €1,158 (+388%), from €298 to €1,456
- Current portion of long-term debt -€2,216
down €2,216 (-100%), from €2,216 to €0
- Profit (loss) carried forward -€990
down €990 (-9.3%), from -€10,664 to -€11,654
- Gross operating margin -€2,306
down €2,306 (-26.3%), from €8,752 to €6,446
- Depreciation +€419
up €419 (+7.9%), from €5,322 to €5,742
- Other operating charges +€272
up €272 (+31.9%), from €853 to €1,125
- Taxes +€100
up €100 (+184%), from €54 to €154
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 | €57,295 | €53,918 | -€3,377 | -5.9% |
| Fixed assets | 21/28 | €10,912 | €12,420 | +€1,507 | +13.8% |
| Tangible fixed assets | 22/27 | €10,912 | €12,420 | +€1,507 | +13.8% |
| Plant, machinery and equipment | 23 | €1,293 | €543 | -€750 | -58.0% |
| Furniture and vehicles | 24 | €9,619 | €11,877 | +€2,258 | +23.5% |
| Current assets | 29/58 | €46,383 | €41,498 | -€4,885 | -10.5% |
| Amounts receivable within one year | 40/41 | €17,484 | €15,320 | -€2,164 | -12.4% |
| Trade receivables | 40 | €14,138 | €10,588 | -€3,551 | -25.1% |
| Other amounts receivable | 41 | €3,346 | €4,732 | +€1,386 | +41.4% |
| Cash at bank and in hand | 54/58 | €28,601 | €24,723 | -€3,878 | -13.6% |
| Deferred charges and accrued income | 490/1 | €298 | €1,456 | +€1,158 | +388% |
| Total equity and liabilities | 10/49 | €57,295 | €53,918 | -€3,377 | -5.9% |
| Equity | 10/15 | €49,336 | €48,346 | -€990 | -2.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,664 | -€11,654 | -€990 | -9.3% |
| Amounts payable | 17/49 | €7,959 | €5,572 | -€2,387 | -30.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,459 | €2,772 | -€2,687 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €2,216 | €0 | -€2,216 | -100% |
| Trade debts | 44 | €1,942 | €1,419 | -€523 | -26.9% |
| Suppliers | 440/4 | €1,942 | €1,419 | -€523 | -26.9% |
| Taxes, remuneration and social security | 45 | €1,301 | €1,353 | +€52 | +4.0% |
| Taxes | 450/3 | €1,301 | €1,353 | +€52 | +4.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,800 | +€300 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,322 | €5,742 | +€419 | +7.9% |
| Other operating charges | 640/8 | €853 | €1,125 | +€272 | +31.9% |
| Gross operating margin | 9900 | €8,752 | €6,446 | -€2,306 | -26.3% |
| Operating profit (loss) | 9901 | €2,577 | -€420 | -€2,997 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €473 | €416 | -€57 | -12.0% |
| Recurring financial charges | 65 | €473 | €416 | -€57 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €2,105 | -€836 | -€2,941 | |
| Income taxes | 67/77 | €54 | €154 | +€100 | +184% |
| Profit (loss) for the period | 9904 | €2,050 | -€990 | -€3,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,050 | -€990 | -€3,041 |
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 21 October 2026 via checked.be.