MUKIWA: 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.
MUKIWA
Largest movements
- Receivables within one year +€9,253
up €9,253 (+91.1%), from €10,152 to €19,405
of which Trade receivables: +€6,483
- Tangible fixed assets +€3,219
up €3,219 (+53.4%), from €6,027 to €9,246
of which Plant, machinery and equipment: +€4,721
- Deferred charges and accrued income +€2,894
new in 2025: €2,894
- Reserves +€14,794
up €14,794 (+68.6%), from €21,571 to €36,365
- Trade debts +€5,005
up €5,005 (+1812.6%), from €276 to €5,281
- Other debts -€3,704
down €3,704 (-100.0%), from €3,704 to €0
- Tax, wage and social debts -€544
down €544 (-9.1%), from €5,947 to €5,403
- Gross operating margin -€6,194
down €6,194 (-20.2%), from €30,717 to €24,524
- Financial charges +€1,434
up €1,434 (+330.3%), from €434 to €1,868
- Depreciation -€960
down €960 (-34.7%), from €2,765 to €1,805
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 | €34,998 | €50,550 | +€15,551 | +44.4% |
| Fixed assets | 21/28 | €6,552 | €9,771 | +€3,219 | +49.1% |
| Tangible fixed assets | 22/27 | €6,027 | €9,246 | +€3,219 | +53.4% |
| Plant, machinery and equipment | 23 | - | €4,721 | +€4,721 | |
| Furniture and vehicles | 24 | €6,027 | €4,525 | -€1,502 | -24.9% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €28,446 | €40,779 | +€12,332 | +43.4% |
| Amounts receivable within one year | 40/41 | €10,152 | €19,405 | +€9,253 | +91.1% |
| Trade receivables | 40 | €9,517 | €16,000 | +€6,483 | +68.1% |
| Other amounts receivable | 41 | €635 | €3,405 | +€2,770 | +435.9% |
| Cash at bank and in hand | 54/58 | €18,294 | €18,480 | +€185 | +1.0% |
| Deferred charges and accrued income | 490/1 | - | €2,894 | +€2,894 | |
| Total equity and liabilities | 10/49 | €34,998 | €50,550 | +€15,551 | +44.4% |
| Equity | 10/15 | €25,071 | €39,865 | +€14,794 | +59.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €21,571 | €36,365 | +€14,794 | +68.6% |
| Distributable reserves | 133 | €21,571 | €36,365 | +€14,794 | +68.6% |
| Amounts payable | 17/49 | €9,927 | €10,684 | +€757 | +7.6% |
| Amounts payable within one year | 42/48 | €9,927 | €10,684 | +€757 | +7.6% |
| Trade debts | 44 | €276 | €5,281 | +€5,005 | +1812.6% |
| Suppliers | 440/4 | €276 | €5,281 | +€5,005 | +1812.6% |
| Taxes, remuneration and social security | 45 | €5,947 | €5,403 | -€544 | -9.1% |
| Taxes | 450/3 | €5,947 | €5,403 | -€544 | -9.1% |
| Other amounts payable | 47/48 | €3,704 | €0 | -€3,704 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €1,805 | -€960 | -34.7% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €30,717 | €24,524 | -€6,194 | -20.2% |
| Operating profit (loss) | 9901 | €27,952 | €22,601 | -€5,352 | -19.1% |
| Financial charges | 65/66B | €434 | €1,868 | +€1,434 | +330.3% |
| Recurring financial charges | 65 | €434 | €1,868 | +€1,434 | +330.3% |
| Profit (loss) for the period before taxes | 9903 | €27,518 | €20,733 | -€6,785 | -24.7% |
| Income taxes | 67/77 | €5,947 | €5,939 | -€8 | -0.1% |
| Profit (loss) for the period | 9904 | €21,571 | €14,794 | -€6,777 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,571 | €14,794 | -€6,777 | -31.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.