MUIDE: 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.
MUIDE
Largest movements
- Tangible fixed assets -€32,344
down €32,344 (-4.6%), from €697,004 to €664,660
of which Land and buildings: -€21,813
- Profit (loss) carried forward -€29,448
down €29,448 (-9.3%), from -€316,603 to -€346,051
- Debts after one year -€19,768
down €19,768 (-19.8%), from €99,601 to €79,833
- Other debts +€15,320
up €15,320 (+5.2%), from €295,471 to €310,791
- Gross operating margin -€9,642
down €9,642 (-37.3%), from €25,821 to €16,179
- Financial charges -€1,111
down €1,111 (-19.3%), from €5,758 to €4,648
- Other operating charges +€619
up €619 (+8.8%), from €7,010 to €7,629
- Depreciation -€279
down €279 (-0.8%), from €33,629 to €33,350
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 | €703,078 | €670,611 | -€32,467 | -4.6% |
| Fixed assets | 21/28 | €697,004 | €664,660 | -€32,344 | -4.6% |
| Tangible fixed assets | 22/27 | €697,004 | €664,660 | -€32,344 | -4.6% |
| Land and buildings | 22 | €654,162 | €632,348 | -€21,813 | -3.3% |
| Other tangible fixed assets | 26 | €42,842 | €32,312 | -€10,530 | -24.6% |
| Current assets | 29/58 | €6,074 | €5,951 | -€124 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,343 | €404 | -€939 | -69.9% |
| Trade receivables | 40 | €899 | €0 | -€899 | -100% |
| Other amounts receivable | 41 | €444 | €404 | -€40 | -9.1% |
| Cash at bank and in hand | 54/58 | €3,621 | €3,593 | -€28 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1,110 | €1,954 | +€844 | +76.0% |
| Total equity and liabilities | 10/49 | €703,078 | €670,611 | -€32,467 | -4.6% |
| Equity | 10/15 | €288,397 | €258,949 | -€29,448 | -10.2% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Capital | 10 | €605,000 | €605,000 | = | 0.0% |
| Issued capital | 100 | €605,000 | €605,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,603 | -€346,051 | -€29,448 | -9.3% |
| Amounts payable | 17/49 | €414,681 | €411,662 | -€3,019 | -0.7% |
| Amounts payable after more than one year | 17 | €99,601 | €79,833 | -€19,768 | -19.8% |
| Financial debts | 170/4 | €99,601 | €79,833 | -€19,768 | -19.8% |
| Amounts payable within one year | 42/48 | €314,523 | €331,829 | +€17,306 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €18,974 | €19,768 | +€795 | +4.2% |
| Trade debts | 44 | €79 | €1,270 | +€1,192 | +1,516% |
| Suppliers | 440/4 | €79 | €1,270 | +€1,192 | +1,516% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €295,471 | €310,791 | +€15,320 | +5.2% |
| Accrued charges and deferred income | 492/3 | €557 | €0 | -€557 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,629 | €33,350 | -€279 | -0.8% |
| Other operating charges | 640/8 | €7,010 | €7,629 | +€619 | +8.8% |
| Gross operating margin | 9900 | €25,821 | €16,179 | -€9,642 | -37.3% |
| Operating profit (loss) | 9901 | -€14,818 | -€24,800 | -€9,983 | -67.4% |
| Financial charges | 65/66B | €5,758 | €4,648 | -€1,111 | -19.3% |
| Recurring financial charges | 65 | €5,758 | €4,648 | -€1,111 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,576 | -€29,448 | -€8,872 | -43.1% |
| Profit (loss) for the period | 9904 | -€20,576 | -€29,448 | -€8,872 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,576 | -€29,448 | -€8,872 | -43.1% |
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.