MULDERS-EVENS: 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.
MULDERS-EVENS
Largest movements
- Cash +€403,198
up €403,198 (+36.0%), from €1.1m to €1.5m
mainly Net result for the year (+€513,520) and Receivables after one year (+€260,250)
- Receivables after one year -€260,250
down €260,250 (-19.1%), from €1.4m to €1.1m
- Receivables within one year -€97,875
down €97,875 (-71.0%), from €137,879 to €40,004
of which Other amounts receivable: -€85,775
- Reserves +€195,338
up €195,338 (+5.0%), from €3.9m to €4.1m
of which Distributable reserves: +€412,153
- Other debts -€90,000
no longer reported in 2025 (was €90,000)
- Tax, wage and social debts -€57,922
down €57,922 (-43.8%), from €132,141 to €74,220
- Gross operating margin -€341,515
down €341,515 (-29.9%), from €1.1m to €801,297
- Taxes -€84,115
down €84,115 (-24.5%), from €344,000 to €259,885
- Financial income -€44,847
down €44,847 (-54.4%), from €82,470 to €37,623
- Other operating charges -€19,862
down €19,862 (-69.0%), from €28,779 to €8,917
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 | €4,163,094 | €4,194,270 | +€31,176 | +0.7% |
| Fixed assets | 21/28 | €1,540,959 | €1,527,062 | -€13,897 | -0.9% |
| Tangible fixed assets | 22/27 | €1,001,959 | €988,062 | -€13,897 | -1.4% |
| Land and buildings | 22 | €931,114 | €927,110 | -€4,004 | -0.4% |
| Plant, machinery and equipment | 23 | - | €4,586 | +€4,586 | |
| Furniture and vehicles | 24 | €70,845 | €56,366 | -€14,479 | -20.4% |
| Financial fixed assets | 28 | €539,000 | €539,000 | = | 0.0% |
| Current assets | 29/58 | €2,622,134 | €2,667,207 | +€45,073 | +1.7% |
| Amounts receivable after more than one year | 29 | €1,363,750 | €1,103,500 | -€260,250 | -19.1% |
| Other amounts receivable | 291 | €1,363,750 | €1,103,500 | -€260,250 | -19.1% |
| Amounts receivable within one year | 40/41 | €137,879 | €40,004 | -€97,875 | -71.0% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €125,779 | €40,004 | -€85,775 | -68.2% |
| Cash at bank and in hand | 54/58 | €1,120,506 | €1,523,704 | +€403,198 | +36.0% |
| Total equity and liabilities | 10/49 | €4,163,094 | €4,194,270 | +€31,176 | +0.7% |
| Equity | 10/15 | €3,899,302 | €4,094,640 | +€195,338 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,879,302 | €4,074,640 | +€195,338 | +5.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €947,250 | €730,435 | -€216,815 | -22.9% |
| Distributable reserves | 133 | €2,930,052 | €3,342,205 | +€412,153 | +14.1% |
| Amounts payable | 17/49 | €263,791 | €99,629 | -€164,162 | -62.2% |
| Amounts payable after more than one year | 17 | €24,565 | €5,959 | -€18,606 | -75.7% |
| Financial debts | 170/4 | €24,565 | €5,959 | -€18,606 | -75.7% |
| Amounts payable within one year | 42/48 | €239,226 | €93,670 | -€145,556 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €14,937 | €15,664 | +€727 | +4.9% |
| Trade debts | 44 | €2,147 | €3,786 | +€1,639 | +76.3% |
| Suppliers | 440/4 | €2,147 | €3,786 | +€1,639 | +76.3% |
| Taxes, remuneration and social security | 45 | €132,141 | €74,220 | -€57,922 | -43.8% |
| Taxes | 450/3 | €132,141 | €74,220 | -€57,922 | -43.8% |
| Other amounts payable | 47/48 | €90,000 | - | -€90,000 | |
| Non-recurring operating income | 76A | €129,879 | - | -€129,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,315 | €54,334 | +€6,019 | +12.5% |
| Other operating charges | 640/8 | €28,779 | €8,917 | -€19,862 | -69.0% |
| Gross operating margin | 9900 | €1,142,811 | €801,297 | -€341,515 | -29.9% |
| Operating profit (loss) | 9901 | €1,065,717 | €738,046 | -€327,672 | -30.7% |
| Financial income | 75/76B | €82,470 | €37,623 | -€44,847 | -54.4% |
| Recurring financial income | 75 | €82,470 | €37,623 | -€44,847 | -54.4% |
| Financial charges | 65/66B | €732 | €2,264 | +€1,532 | +209% |
| Recurring financial charges | 65 | €732 | €2,264 | +€1,532 | +209% |
| Profit (loss) for the period before taxes | 9903 | €1,147,456 | €773,405 | -€374,051 | -32.6% |
| Income taxes | 67/77 | €344,000 | €259,885 | -€84,115 | -24.5% |
| Profit (loss) for the period | 9904 | €803,455 | €513,520 | -€289,936 | -36.1% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €505,200 | +€294,700 | +140% |
| Transfer to tax-exempt reserves | 689 | €378,900 | €288,385 | -€90,515 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €635,055 | €730,335 | +€95,279 | +15.0% |
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 21 October 2026 via checked.be.