MULALU: 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.
MULALU
Largest movements
- Receivables within one year +€150
new in 2025: €150
- Short-term financial debts +€6,021
up €6,021 (+169%), from €3,572 to €9,593
- Current portion of long-term debt -€3,644
down €3,644 (-55.1%), from €6,618 to €2,974
- Debts after one year -€2,974
no longer reported in 2025 (was €2,974)
- Other debts +€1,219
up €1,219 (+3.2%), from €37,608 to €38,826
- Tax, wage and social debts -€691
no longer reported in 2025 (was €691)
- Gross operating margin -€14,136
down €14,136 (-92.6%), from €15,266 to €1,130
- Financial charges -€1,126
down €1,126 (-61.9%), from €1,820 to €694
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | - | €150 | +€150 | |
| Current assets | 29/58 | - | €150 | +€150 | |
| Amounts receivable within one year | 40/41 | - | €150 | +€150 | |
| Other amounts receivable | 41 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €0 | €150 | +€150 | |
| Equity | 10/15 | -€51,679 | -€51,243 | +€436 | +0.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,739 | -€62,303 | +€436 | +0.7% |
| Amounts payable | 17/49 | €51,679 | €51,393 | -€286 | -0.6% |
| Amounts payable after more than one year | 17 | €2,974 | - | -€2,974 | |
| Financial debts | 170/4 | €2,974 | - | -€2,974 | |
| Amounts payable within one year | 42/48 | €48,705 | €51,393 | +€2,688 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €6,618 | €2,974 | -€3,644 | -55.1% |
| Financial debts | 43 | €3,572 | €9,593 | +€6,021 | +169% |
| Credit institutions | 430/8 | €3,572 | €9,593 | +€6,021 | +169% |
| Trade debts | 44 | €216 | - | -€216 | |
| Suppliers | 440/4 | €216 | - | -€216 | |
| Taxes, remuneration and social security | 45 | €691 | - | -€691 | |
| Taxes | 450/3 | €691 | - | -€691 | |
| Other amounts payable | 47/48 | €37,608 | €38,826 | +€1,219 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €769 | €663 | -€106 | -13.7% |
| Non-recurring operating charges | 66A | €11,548 | - | -€11,548 | |
| Gross operating margin | 9900 | €15,266 | €1,130 | -€14,136 | -92.6% |
| Operating profit (loss) | 9901 | €3,718 | €1,130 | -€2,588 | -69.6% |
| Financial charges | 65/66B | €1,820 | €694 | -€1,126 | -61.9% |
| Recurring financial charges | 65 | €1,820 | €694 | -€1,126 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €1,898 | €436 | -€1,462 | -77.0% |
| Profit (loss) for the period | 9904 | €1,898 | €436 | -€1,462 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,898 | €436 | -€1,462 | -77.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.