MULECO: 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.
MULECO
Largest movements
- Receivables within one year -€3,994
down €3,994 (-28.0%), from €14,278 to €10,284
of which Trade receivables: -€4,155
- Cash -€201
down €201 (-11.3%), from €1,773 to €1,572
mainly Tax, wage and social debts (-€3,165) and Trade debts (-€2,233)
- Tax, wage and social debts -€3,165
down €3,165 (-81.2%), from €3,900 to €735
- Trade debts -€2,233
down €2,233 (-61.5%), from €3,631 to €1,398
- Profit (loss) carried forward +€1,464
up €1,464 (+4.1%), from -€35,752 to -€34,288
- Other debts -€250
down €250 (-1.0%), from €24,532 to €24,282
- Gross operating margin +€6,412
up €6,412, from -€4,120 to €2,292
- Other operating charges -€1,220
down €1,220 (-64.8%), from €1,883 to €663
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,771 | €12,587 | -€4,184 | -24.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €16,771 | €12,587 | -€4,184 | -24.9% |
| Amounts receivable within one year | 40/41 | €14,278 | €10,284 | -€3,994 | -28.0% |
| Trade receivables | 40 | €13,568 | €9,413 | -€4,155 | -30.6% |
| Other amounts receivable | 41 | €710 | €870 | +€160 | +22.5% |
| Cash at bank and in hand | 54/58 | €1,773 | €1,572 | -€201 | -11.3% |
| Deferred charges and accrued income | 490/1 | €720 | €731 | +€11 | +1.6% |
| Total equity and liabilities | 10/49 | €16,771 | €12,587 | -€4,184 | -24.9% |
| Equity | 10/15 | -€15,292 | -€13,828 | +€1,464 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€35,752 | -€34,288 | +€1,464 | +4.1% |
| Amounts payable | 17/49 | €32,063 | €26,414 | -€5,648 | -17.6% |
| Amounts payable within one year | 42/48 | €32,063 | €26,414 | -€5,648 | -17.6% |
| Trade debts | 44 | €3,631 | €1,398 | -€2,233 | -61.5% |
| Suppliers | 440/4 | €3,631 | €1,398 | -€2,233 | -61.5% |
| Taxes, remuneration and social security | 45 | €3,900 | €735 | -€3,165 | -81.2% |
| Remuneration and social security | 454/9 | €3,900 | €735 | -€3,165 | -81.2% |
| Other amounts payable | 47/48 | €24,532 | €24,282 | -€250 | -1.0% |
| Other operating charges | 640/8 | €1,883 | €663 | -€1,220 | -64.8% |
| Gross operating margin | 9900 | -€4,120 | €2,292 | +€6,412 | |
| Operating profit (loss) | 9901 | -€6,002 | €1,629 | +€7,631 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €144 | €165 | +€21 | +14.5% |
| Recurring financial charges | 65 | €144 | €165 | +€21 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,146 | €1,464 | +€7,610 | |
| Profit (loss) for the period | 9904 | -€6,146 | €1,464 | +€7,610 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,146 | €1,464 | +€7,610 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.