MULAXIS-DESILDIS: 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.
MULAXIS-DESILDIS
Largest movements
- Receivables within one year -€64,658
down €64,658 (-82.8%), from €78,096 to €13,438
of which Other amounts receivable: -€63,997
- Intangible fixed assets -€64,589
down €64,589 (-10.0%), from €645,890 to €581,301
- Tangible fixed assets +€61,698
up €61,698 (+24.8%), from €249,129 to €310,827
of which Other tangible fixed assets: +€77,884
- Receivables after one year +€33,533
new in 2025: €33,533
- Trade debts -€112,301
down €112,301 (-32.9%), from €341,172 to €228,871
- Debts after one year +€40,168
up €40,168 (+17.9%), from €223,938 to €264,106
of which Trade debts: +€72,675
- Current portion of long-term debt +€34,876
up €34,876 (+31.1%), from €112,010 to €146,886
- Profit (loss) carried forward -€18,142
down €18,142 (-7.2%), from €252,322 to €234,180
- Short-term financial debts +€15,888
new in 2025: €15,888
- Gross operating margin +€97,649
up €97,649 (+28.3%), from €344,743 to €442,392
- Depreciation +€88,427
up €88,427 (+249%), from €35,511 to €123,938
- Staff costs +€54,759
up €54,759 (+22.3%), from €245,274 to €300,033
- Financial charges -€15,423
down €15,423 (-39.3%), from €39,242 to €23,819
- Financial income -€5,358
down €5,358 (-100%), from €5,358 to €0
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
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 | €1,116,815 | €1,085,338 | -€31,477 | -2.8% |
| Fixed assets | 21/28 | €895,019 | €892,128 | -€2,891 | -0.3% |
| Intangible fixed assets | 21 | €645,890 | €581,301 | -€64,589 | -10.0% |
| Tangible fixed assets | 22/27 | €249,129 | €310,827 | +€61,698 | +24.8% |
| Plant, machinery and equipment | 23 | €63,488 | €48,786 | -€14,702 | -23.2% |
| Furniture and vehicles | 24 | €2,377 | €893 | -€1,484 | -62.4% |
| Other tangible fixed assets | 26 | €183,264 | €261,148 | +€77,884 | +42.5% |
| Current assets | 29/58 | €221,796 | €193,210 | -€28,586 | -12.9% |
| Amounts receivable after more than one year | 29 | - | €33,533 | +€33,533 | |
| Other amounts receivable | 291 | - | €33,533 | +€33,533 | |
| Stocks and contracts in progress | 3 | €92,101 | €85,904 | -€6,197 | -6.7% |
| Stocks | 30/36 | €92,101 | €85,904 | -€6,197 | -6.7% |
| Amounts receivable within one year | 40/41 | €78,096 | €13,438 | -€64,658 | -82.8% |
| Trade receivables | 40 | €976 | €316 | -€660 | -67.7% |
| Other amounts receivable | 41 | €77,120 | €13,123 | -€63,997 | -83.0% |
| Cash at bank and in hand | 54/58 | €41,932 | €49,553 | +€7,621 | +18.2% |
| Deferred charges and accrued income | 490/1 | €9,667 | €10,781 | +€1,114 | +11.5% |
| Total equity and liabilities | 10/49 | €1,116,816 | €1,085,338 | -€31,478 | -2.8% |
| Equity | 10/15 | €414,087 | €395,944 | -€18,143 | -4.4% |
| Contributions | 10/11 | €80,100 | €80,100 | = | 0.0% |
| Reserves | 13 | €81,665 | €81,665 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €71,005 | €71,005 | +€0 | 0.0% |
| Distributable reserves | 133 | €10,660 | €10,659 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | €252,322 | €234,180 | -€18,142 | -7.2% |
| Amounts payable | 17/49 | €702,729 | €689,394 | -€13,335 | -1.9% |
| Amounts payable after more than one year | 17 | €223,938 | €264,106 | +€40,168 | +17.9% |
| Financial debts | 170/4 | €223,938 | €191,431 | -€32,507 | -14.5% |
| Trade debts | 175 | - | €72,675 | +€72,675 | |
| Amounts payable within one year | 42/48 | €474,491 | €419,883 | -€54,608 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €112,010 | €146,886 | +€34,876 | +31.1% |
| Financial debts | 43 | - | €15,888 | +€15,888 | |
| Credit institutions | 430/8 | - | €15,888 | +€15,888 | |
| Trade debts | 44 | €341,172 | €228,871 | -€112,301 | -32.9% |
| Suppliers | 440/4 | €341,172 | €228,871 | -€112,301 | -32.9% |
| Taxes, remuneration and social security | 45 | €21,309 | €28,238 | +€6,929 | +32.5% |
| Taxes | 450/3 | €2,935 | €0 | -€2,935 | -100% |
| Remuneration and social security | 454/9 | €18,374 | €28,238 | +€9,864 | +53.7% |
| Accrued charges and deferred income | 492/3 | €4,300 | €5,405 | +€1,105 | +25.7% |
| Remuneration, social security and pensions | 62 | €245,274 | €300,033 | +€54,759 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,511 | €123,938 | +€88,427 | +249% |
| Other operating charges | 640/8 | €2,154 | €2,427 | +€273 | +12.7% |
| Gross operating margin | 9900 | €344,743 | €442,392 | +€97,649 | +28.3% |
| Operating profit (loss) | 9901 | €61,804 | €15,994 | -€45,810 | -74.1% |
| Financial income | 75/76B | €5,358 | €0 | -€5,358 | -100% |
| Recurring financial income | 75 | €5,358 | €0 | -€5,358 | -100% |
| Financial charges | 65/66B | €39,242 | €23,819 | -€15,423 | -39.3% |
| Recurring financial charges | 65 | €39,242 | €23,819 | -€15,423 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €27,920 | -€7,825 | -€35,745 | |
| Income taxes | 67/77 | €6,670 | €10,317 | +€3,647 | +54.7% |
| Profit (loss) for the period | 9904 | €21,250 | -€18,142 | -€39,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,250 | -€18,142 | -€39,392 |
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 16 October 2026 via checked.be.