MUITERIJ.BE: 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.
MUITERIJ.BE
Largest movements
- Receivables within one year -€24,838
down €24,838 (-58.9%), from €42,197 to €17,358
of which Trade receivables: -€19,358
- Cash -€21,218
down €21,218 (-91.5%), from €23,183 to €1,965
mainly Net result for the year (-€24,994) and Other debts (-€10,294)
- Profit (loss) carried forward -€24,994
down €24,994 (-1,160%), from -€2,156 to -€27,150
- Other debts -€10,294
down €10,294 (-98.2%), from €10,479 to €184
- Tax, wage and social debts -€7,779
down €7,779 (-92.4%), from €8,418 to €639
- Trade debts -€2,754
down €2,754 (-14.2%), from €19,400 to €16,646
- Gross operating margin -€77,778
down €77,778, from €57,252 to -€20,526
- Taxes -€8,032
down €8,032 (-95.4%), from €8,422 to €390
- Depreciation -€2,824
down €2,824 (-76.5%), from €3,692 to €868
- Other operating charges +€1,293
up €1,293 (+94.2%), from €1,372 to €2,666
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 | €66,268 | €20,447 | -€45,821 | -69.1% |
| Fixed assets | 21/28 | €862 | €1,124 | +€262 | +30.5% |
| Tangible fixed assets | 22/27 | €862 | €1,124 | +€262 | +30.5% |
| Furniture and vehicles | 24 | - | €1,001 | +€1,001 | |
| Other tangible fixed assets | 26 | €862 | €123 | -€738 | -85.7% |
| Current assets | 29/58 | €65,406 | €19,323 | -€46,084 | -70.5% |
| Amounts receivable within one year | 40/41 | €42,197 | €17,358 | -€24,838 | -58.9% |
| Trade receivables | 40 | €36,716 | €17,358 | -€19,358 | -52.7% |
| Other amounts receivable | 41 | €5,480 | - | -€5,480 | |
| Cash at bank and in hand | 54/58 | €23,183 | €1,965 | -€21,218 | -91.5% |
| Deferred charges and accrued income | 490/1 | €27 | - | -€27 | |
| Total equity and liabilities | 10/49 | €66,268 | €20,447 | -€45,821 | -69.1% |
| Equity | 10/15 | €27,844 | €2,850 | -€24,994 | -89.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,156 | -€27,150 | -€24,994 | -1,160% |
| Amounts payable | 17/49 | €38,424 | €17,597 | -€20,827 | -54.2% |
| Amounts payable within one year | 42/48 | €38,424 | €17,597 | -€20,827 | -54.2% |
| Trade debts | 44 | €19,400 | €16,646 | -€2,754 | -14.2% |
| Suppliers | 440/4 | €19,400 | €16,646 | -€2,754 | -14.2% |
| Advances received on contracts in progress | 46 | €127 | €127 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,418 | €639 | -€7,779 | -92.4% |
| Taxes | 450/3 | €8,418 | €639 | -€7,779 | -92.4% |
| Other amounts payable | 47/48 | €10,479 | €184 | -€10,294 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,692 | €868 | -€2,824 | -76.5% |
| Other operating charges | 640/8 | €1,372 | €2,666 | +€1,293 | +94.2% |
| Non-recurring operating charges | 66A | €17 | - | -€17 | |
| Gross operating margin | 9900 | €57,252 | -€20,526 | -€77,778 | |
| Operating profit (loss) | 9901 | €52,171 | -€24,059 | -€76,230 | |
| Financial income | 75/76B | €32 | €244 | +€212 | +673% |
| Recurring financial income | 75 | €32 | €244 | +€212 | +673% |
| Financial charges | 65/66B | €253 | €789 | +€536 | +212% |
| Recurring financial charges | 65 | €253 | €789 | +€536 | +212% |
| Profit (loss) for the period before taxes | 9903 | €51,949 | -€24,605 | -€76,554 | |
| Income taxes | 67/77 | €8,422 | €390 | -€8,032 | -95.4% |
| Profit (loss) for the period | 9904 | €43,528 | -€24,994 | -€68,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,528 | -€24,994 | -€68,522 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.