MUK: what changed
Two fiscal 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.
MUK
Largest movements
- Cash +€6,502
up €6,502 (+546.1%), from €1,191 to €7,693
mainly Other debts (+€5,140) and Trade debts (+€1,717)
- Tangible fixed assets -€973
down €973 (-39.9%), from €2,437 to €1,464
of which Furniture and vehicles: -€973
- Receivables within one year +€538
up €538, from €0 to €538
of which Trade receivables: +€525
- Other debts +€5,140
up €5,140 (+8.1%), from €63,393 to €68,534
- Trade debts +€1,717
up €1,717 (+199.2%), from €862 to €2,579
- Profit (loss) carried forward -€1,520
down €1,520 (-2.0%), from -€74,898 to -€76,418
- Tax, wage and social debts +€731
up €731 (+173.2%), from €422 to €1,153
- Gross operating margin +€8,970
up €8,970, from -€8,949 to €21
- Depreciation -€114
down €114 (-10.5%), from €1,087 to €973
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 | €8,379 | €14,447 | +€6,068 | +72.4% |
| Fixed assets | 21/28 | €6,037 | €5,064 | -€973 | -16.1% |
| Tangible fixed assets | 22/27 | €2,437 | €1,464 | -€973 | -39.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,437 | €1,464 | -€973 | -39.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €2,342 | €9,383 | +€7,041 | +300.6% |
| Stocks and contracts in progress | 3 | €1,152 | €1,152 | = | 0.0% |
| Stocks | 30/36 | €1,152 | €1,152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €538 | +€538 | |
| Trade receivables | 40 | €0 | €525 | +€525 | |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €1,191 | €7,693 | +€6,502 | +546.1% |
| Total equity and liabilities | 10/49 | €8,379 | €14,447 | +€6,068 | +72.4% |
| Equity | 10/15 | -€56,298 | -€57,818 | -€1,520 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,898 | -€76,418 | -€1,520 | -2.0% |
| Amounts payable | 17/49 | €64,677 | €72,265 | +€7,588 | +11.7% |
| Amounts payable within one year | 42/48 | €64,677 | €72,265 | +€7,588 | +11.7% |
| Trade debts | 44 | €862 | €2,579 | +€1,717 | +199.2% |
| Suppliers | 440/4 | €862 | €2,579 | +€1,717 | +199.2% |
| Taxes, remuneration and social security | 45 | €422 | €1,153 | +€731 | +173.2% |
| Taxes | 450/3 | €422 | €1,153 | +€731 | +173.2% |
| Other amounts payable | 47/48 | €63,393 | €68,534 | +€5,140 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €973 | -€114 | -10.5% |
| Other operating charges | 640/8 | €531 | €534 | +€3 | +0.5% |
| Gross operating margin | 9900 | -€8,949 | €21 | +€8,970 | |
| Operating profit (loss) | 9901 | -€10,567 | -€1,485 | +€9,082 | +85.9% |
| Financial charges | 65/66B | €45 | €35 | -€10 | -22.8% |
| Recurring financial charges | 65 | €45 | €35 | -€10 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,612 | -€1,520 | +€9,092 | +85.7% |
| Profit (loss) for the period | 9904 | -€10,612 | -€1,520 | +€9,092 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,612 | -€1,520 | +€9,092 | +85.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.