MUKIE: 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.
MUKIE
Largest movements
- Tangible fixed assets -€15,621
no longer reported in 2025 (was €15,621)
- Cash +€6,967
up €6,967 (+62.3%), from €11,178 to €18,145
mainly Investment in fixed assets (net) (+€15,621) and Trade debts (+€12,375)
- Receivables within one year -€972
down €972 (-19.2%), from €5,066 to €4,094
of which Other amounts receivable: -€2,938
- Other debts -€17,456
down €17,456 (-59.3%), from €29,429 to €11,973
- Trade debts +€12,375
up €12,375 (+694.6%), from €1,782 to €14,157
- Accrued charges and deferred income -€6,829
down €6,829 (-63.4%), from €10,773 to €3,945
- Profit (loss) carried forward +€4,984
up €4,984 (+21.6%), from -€23,084 to -€18,100
- Advances received -€2,197
no longer reported in 2025 (was €2,197)
- Staff costs -€9,312
down €9,312 (-50.6%), from €18,403 to €9,091
- Depreciation -€7,300
no longer reported in 2025 (was €7,300)
- Gross operating margin -€2,277
down €2,277 (-10.1%), from €22,586 to €20,308
- Other operating charges +€2,245
up €2,245 (+91.3%), from €2,459 to €4,704
- Taxes +€543
new in 2025: €543
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 | €31,886 | €22,239 | -€9,647 | -30.3% |
| Fixed assets | 21/28 | €15,621 | - | -€15,621 | |
| Tangible fixed assets | 22/27 | €15,621 | - | -€15,621 | |
| Plant, machinery and equipment | 23 | €15,621 | - | -€15,621 | |
| Current assets | 29/58 | €16,265 | €22,239 | +€5,974 | +36.7% |
| Amounts receivable within one year | 40/41 | €5,066 | €4,094 | -€972 | -19.2% |
| Trade receivables | 40 | €2,034 | €4,000 | +€1,966 | +96.6% |
| Other amounts receivable | 41 | €3,032 | €94 | -€2,938 | -96.9% |
| Cash at bank and in hand | 54/58 | €11,178 | €18,145 | +€6,967 | +62.3% |
| Deferred charges and accrued income | 490/1 | €20 | - | -€20 | |
| Total equity and liabilities | 10/49 | €31,886 | €22,239 | -€9,647 | -30.3% |
| Equity | 10/15 | -€21,084 | -€16,100 | +€4,984 | +23.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,084 | -€18,100 | +€4,984 | +21.6% |
| Amounts payable | 17/49 | €52,969 | €38,339 | -€14,631 | -27.6% |
| Amounts payable within one year | 42/48 | €42,196 | €34,394 | -€7,802 | -18.5% |
| Trade debts | 44 | €1,782 | €14,157 | +€12,375 | +694.6% |
| Suppliers | 440/4 | €1,782 | €14,157 | +€12,375 | +694.6% |
| Advances received on contracts in progress | 46 | €2,197 | - | -€2,197 | |
| Taxes, remuneration and social security | 45 | €8,789 | €8,264 | -€524 | -6.0% |
| Taxes | 450/3 | - | €610 | +€610 | |
| Remuneration and social security | 454/9 | €8,789 | €7,654 | -€1,134 | -12.9% |
| Other amounts payable | 47/48 | €29,429 | €11,973 | -€17,456 | -59.3% |
| Accrued charges and deferred income | 492/3 | €10,773 | €3,945 | -€6,829 | -63.4% |
| Remuneration, social security and pensions | 62 | €18,403 | €9,091 | -€9,312 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,300 | - | -€7,300 | |
| Other operating charges | 640/8 | €2,459 | €4,704 | +€2,245 | +91.3% |
| Gross operating margin | 9900 | €22,586 | €20,308 | -€2,277 | -10.1% |
| Operating profit (loss) | 9901 | -€5,576 | €6,513 | +€12,089 | |
| Financial income | 75/76B | €0 | €16 | +€15 | +3680.5% |
| Recurring financial income | 75 | €0 | €16 | +€15 | +3680.5% |
| Financial charges | 65/66B | €647 | €1,002 | +€355 | +54.9% |
| Recurring financial charges | 65 | €647 | €1,002 | +€355 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,222 | €5,527 | +€11,749 | |
| Income taxes | 67/77 | - | €543 | +€543 | |
| Profit (loss) for the period | 9904 | -€6,222 | €4,984 | +€11,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,222 | €4,984 | +€11,206 |
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.