MUKENDI: 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.
MUKENDI
Largest movements
- Cash +€71,149
up €71,149 (+21.2%), from €335,612 to €406,761
mainly Net result for the year (+€85,502) and Depreciation (+€8,048)
- Tangible fixed assets -€8,048
down €8,048 (-39.5%), from €20,394 to €12,347
- Reserves +€80,559
up €80,559 (+26.2%), from €307,445 to €388,004
of which Distributable reserves: +€80,559
- Other debts -€11,149
down €11,149 (-92.7%), from €12,027 to €878
- Debts after one year -€7,013
down €7,013 (-57.0%), from €12,294 to €5,282
- Gross operating margin +€7,870
up €7,870 (+6.6%), from €120,004 to €127,874
- Taxes +€3,425
up €3,425 (+11.4%), from €30,029 to €33,454
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 | €357,192 | €420,328 | +€63,136 | +17.7% |
| Fixed assets | 21/28 | €20,789 | €12,742 | -€8,048 | -38.7% |
| Tangible fixed assets | 22/27 | €20,394 | €12,347 | -€8,048 | -39.5% |
| Furniture and vehicles | 24 | €20,394 | €12,347 | -€8,048 | -39.5% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €336,403 | €407,586 | +€71,183 | +21.2% |
| Cash at bank and in hand | 54/58 | €335,612 | €406,761 | +€71,149 | +21.2% |
| Deferred charges and accrued income | 490/1 | €791 | €825 | +€34 | +4.3% |
| Total equity and liabilities | 10/49 | €357,192 | €420,328 | +€63,136 | +17.7% |
| Equity | 10/15 | €319,845 | €400,404 | +€80,559 | +25.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €307,445 | €388,004 | +€80,559 | +26.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €307,445 | €388,004 | +€80,559 | +26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,347 | €19,924 | -€17,423 | -46.7% |
| Amounts payable after more than one year | 17 | €12,294 | €5,282 | -€7,013 | -57.0% |
| Financial debts | 170/4 | €12,294 | €5,282 | -€7,013 | -57.0% |
| Amounts payable within one year | 42/48 | €25,053 | €14,642 | -€10,411 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €6,978 | €7,013 | +€34 | +0.5% |
| Trade debts | 44 | €1,019 | €298 | -€721 | -70.8% |
| Suppliers | 440/4 | €1,019 | €298 | -€721 | -70.8% |
| Taxes, remuneration and social security | 45 | €5,029 | €6,454 | +€1,425 | +28.3% |
| Taxes | 450/3 | €5,029 | €6,454 | +€1,425 | +28.3% |
| Other amounts payable | 47/48 | €12,027 | €878 | -€11,149 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,048 | €8,048 | = | 0.0% |
| Other operating charges | 640/8 | €835 | €641 | -€195 | -23.3% |
| Gross operating margin | 9900 | €120,004 | €127,874 | +€7,870 | +6.6% |
| Operating profit (loss) | 9901 | €111,120 | €119,185 | +€8,065 | +7.3% |
| Financial charges | 65/66B | €249 | €228 | -€21 | -8.3% |
| Recurring financial charges | 65 | €249 | €228 | -€21 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €110,871 | €118,957 | +€8,086 | +7.3% |
| Income taxes | 67/77 | €30,029 | €33,454 | +€3,425 | +11.4% |
| Profit (loss) for the period | 9904 | €80,842 | €85,502 | +€4,660 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,842 | €85,502 | +€4,660 | +5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.