MULKERS: 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.
MULKERS
Largest movements
- Receivables within one year -€39,606
down €39,606 (-53.9%), from €73,454 to €33,848
of which Trade receivables: -€32,903
- Cash +€13,662
up €13,662 (+7.4%), from €184,863 to €198,524
mainly Net result for the year (+€92,693) and Receivables within one year (+€39,606)
- Reserves +€72,473
up €72,473 (+20.6%), from €351,275 to €423,748
of which Distributable reserves: +€72,473
- Trade debts -€65,936
down €65,936 (-33.2%), from €198,730 to €132,794
- Tax, wage and social debts -€24,104
down €24,104 (-27.7%), from €87,029 to €62,924
of which Taxes: -€28,779
- Debts after one year -€7,771
down €7,771 (-100%), from €7,771 to €0
- Current portion of long-term debt -€7,525
down €7,525 (-49.2%), from €15,296 to €7,771
- Staff costs +€25,056
up €25,056 (+11.1%), from €225,244 to €250,300
- Gross operating margin +€13,782
up €13,782 (+3.5%), from €397,223 to €411,005
- Taxes -€13,066
down €13,066 (-34.4%), from €37,961 to €24,894
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 | €692,641 | €664,473 | -€28,168 | -4.1% |
| Fixed assets | 21/28 | €185,077 | €181,233 | -€3,843 | -2.1% |
| Tangible fixed assets | 22/27 | €185,077 | €181,233 | -€3,843 | -2.1% |
| Land and buildings | 22 | €150,065 | €149,278 | -€788 | -0.5% |
| Plant, machinery and equipment | 23 | €12,202 | €11,238 | -€963 | -7.9% |
| Furniture and vehicles | 24 | €22,810 | €20,717 | -€2,092 | -9.2% |
| Current assets | 29/58 | €507,565 | €483,240 | -€24,325 | -4.8% |
| Stocks and contracts in progress | 3 | €248,727 | €249,381 | +€655 | +0.3% |
| Stocks | 30/36 | €248,727 | €249,381 | +€655 | +0.3% |
| Amounts receivable within one year | 40/41 | €73,454 | €33,848 | -€39,606 | -53.9% |
| Trade receivables | 40 | €63,218 | €30,315 | -€32,903 | -52.0% |
| Other amounts receivable | 41 | €10,236 | €3,533 | -€6,703 | -65.5% |
| Cash at bank and in hand | 54/58 | €184,863 | €198,524 | +€13,662 | +7.4% |
| Deferred charges and accrued income | 490/1 | €521 | €1,487 | +€965 | +185% |
| Total equity and liabilities | 10/49 | €692,641 | €664,473 | -€28,168 | -4.1% |
| Equity | 10/15 | €371,275 | €443,748 | +€72,473 | +19.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €351,275 | €423,748 | +€72,473 | +20.6% |
| Non-distributable reserves | 130/1 | €6,466 | - | -€6,466 | |
| Other | 1319 | €6,466 | - | -€6,466 | |
| Tax-exempt reserves | 132 | - | €6,466 | +€6,466 | |
| Distributable reserves | 133 | €344,809 | €417,282 | +€72,473 | +21.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €321,366 | €220,725 | -€100,641 | -31.3% |
| Amounts payable after more than one year | 17 | €7,771 | €0 | -€7,771 | -100% |
| Financial debts | 170/4 | €7,771 | €0 | -€7,771 | -100% |
| Amounts payable within one year | 42/48 | €313,595 | €220,725 | -€92,870 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €15,296 | €7,771 | -€7,525 | -49.2% |
| Trade debts | 44 | €198,730 | €132,794 | -€65,936 | -33.2% |
| Suppliers | 440/4 | €198,730 | €132,794 | -€65,936 | -33.2% |
| Taxes, remuneration and social security | 45 | €87,029 | €62,924 | -€24,104 | -27.7% |
| Taxes | 450/3 | €54,594 | €25,815 | -€28,779 | -52.7% |
| Remuneration and social security | 454/9 | €32,435 | €37,109 | +€4,674 | +14.4% |
| Other amounts payable | 47/48 | €12,540 | €17,236 | +€4,696 | +37.4% |
| Non-recurring operating income | 76A | €1,387 | €0 | -€1,387 | -100% |
| Remuneration, social security and pensions | 62 | €225,244 | €250,300 | +€25,056 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,614 | €30,309 | +€695 | +2.3% |
| Other operating charges | 640/8 | €6,309 | €6,763 | +€454 | +7.2% |
| Non-recurring operating charges | 66A | €2,663 | €0 | -€2,663 | -100% |
| Gross operating margin | 9900 | €397,223 | €411,005 | +€13,782 | +3.5% |
| Operating profit (loss) | 9901 | €133,393 | €123,633 | -€9,759 | -7.3% |
| Financial income | 75/76B | €129 | €11 | -€118 | -91.2% |
| Recurring financial income | 75 | €129 | €11 | -€118 | -91.2% |
| Financial charges | 65/66B | €7,365 | €6,057 | -€1,308 | -17.8% |
| Recurring financial charges | 65 | €7,365 | €6,057 | -€1,308 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €126,157 | €117,587 | -€8,569 | -6.8% |
| Income taxes | 67/77 | €37,961 | €24,894 | -€13,066 | -34.4% |
| Profit (loss) for the period | 9904 | €88,196 | €92,693 | +€4,497 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,196 | €92,693 | +€4,497 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.