MULKU: 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.
MULKU
Largest movements
- Stocks and contracts -€5,500
down €5,500 (-81.4%), from €6,755 to €1,255
- Receivables within one year +€5,464
up €5,464 (+23.8%), from €22,981 to €28,445
of which Trade receivables: +€8,934
- Tangible fixed assets -€1,384
down €1,384 (-26.6%), from €5,206 to €3,821
of which Plant, machinery and equipment: -€938
- Profit (loss) carried forward +€4,319
up €4,319 (+12.5%), from €34,630 to €38,949
- Trade debts -€3,930
down €3,930 (-46.4%), from €8,469 to €4,539
- Tax, wage and social debts -€1,710
down €1,710 (-43.4%), from €3,944 to €2,234
of which Remuneration and social security: -€2,205
- Gross operating margin -€1,976
down €1,976 (-9.5%), from €20,794 to €18,819
- Staff costs -€1,956
down €1,956 (-17.3%), from €11,312 to €9,355
- Other operating charges -€905
down €905 (-30.5%), from €2,964 to €2,060
- Financial charges +€533
up €533 (+113%), from €471 to €1,004
- Taxes +€505
up €505 (+59.0%), from €856 to €1,361
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 | €65,643 | €64,322 | -€1,321 | -2.0% |
| Fixed assets | 21/28 | €6,656 | €5,271 | -€1,384 | -20.8% |
| Tangible fixed assets | 22/27 | €5,206 | €3,821 | -€1,384 | -26.6% |
| Plant, machinery and equipment | 23 | €3,020 | €2,082 | -€938 | -31.1% |
| Furniture and vehicles | 24 | €2,186 | €1,740 | -€446 | -20.4% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €58,988 | €59,050 | +€63 | +0.1% |
| Stocks and contracts in progress | 3 | €6,755 | €1,255 | -€5,500 | -81.4% |
| Stocks | 30/36 | €6,755 | €1,255 | -€5,500 | -81.4% |
| Amounts receivable within one year | 40/41 | €22,981 | €28,445 | +€5,464 | +23.8% |
| Trade receivables | 40 | €4,316 | €13,250 | +€8,934 | +207% |
| Other amounts receivable | 41 | €18,666 | €15,196 | -€3,470 | -18.6% |
| Cash at bank and in hand | 54/58 | €29,251 | €29,350 | +€99 | +0.3% |
| Total equity and liabilities | 10/49 | €65,643 | €64,322 | -€1,321 | -2.0% |
| Equity | 10/15 | €53,230 | €57,549 | +€4,319 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,630 | €38,949 | +€4,319 | +12.5% |
| Amounts payable | 17/49 | €12,413 | €6,773 | -€5,640 | -45.4% |
| Amounts payable within one year | 42/48 | €12,413 | €6,773 | -€5,640 | -45.4% |
| Trade debts | 44 | €8,469 | €4,539 | -€3,930 | -46.4% |
| Suppliers | 440/4 | €8,469 | €4,539 | -€3,930 | -46.4% |
| Taxes, remuneration and social security | 45 | €3,944 | €2,234 | -€1,710 | -43.4% |
| Taxes | 450/3 | €850 | €1,345 | +€495 | +58.2% |
| Remuneration and social security | 454/9 | €3,094 | €889 | -€2,205 | -71.3% |
| Remuneration, social security and pensions | 62 | €11,312 | €9,355 | -€1,956 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €1,384 | +€401 | +40.8% |
| Other operating charges | 640/8 | €2,964 | €2,060 | -€905 | -30.5% |
| Gross operating margin | 9900 | €20,794 | €18,819 | -€1,976 | -9.5% |
| Operating profit (loss) | 9901 | €5,535 | €6,020 | +€484 | +8.8% |
| Financial income | 75/76B | €550 | €664 | +€114 | +20.7% |
| Recurring financial income | 75 | €550 | €664 | +€114 | +20.7% |
| Financial charges | 65/66B | €471 | €1,004 | +€533 | +113% |
| Recurring financial charges | 65 | €471 | €1,004 | +€533 | +113% |
| Profit (loss) for the period before taxes | 9903 | €5,614 | €5,680 | +€66 | +1.2% |
| Income taxes | 67/77 | €856 | €1,361 | +€505 | +59.0% |
| Profit (loss) for the period | 9904 | €4,758 | €4,319 | -€440 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,758 | €4,319 | -€440 | -9.2% |
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 15 October 2026 via checked.be.