Mulle & Cie: 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.
Mulle & Cie
Largest movements
- Cash -€9,944
down €9,944 (-28.3%), from €35,090 to €25,146
mainly Net result for the year (-€29,463) and Current portion of long-term debt (-€21,402)
- Stocks and contracts -€9,844
down €9,844 (-11.2%), from €87,833 to €77,989
- Intangible fixed assets -€9,000
down €9,000 (-12.0%), from €74,984 to €65,984
- Tangible fixed assets +€3,897
up €3,897 (+18.8%), from €20,747 to €24,644
of which Furniture and vehicles: +€5,587
- Profit (loss) carried forward -€29,464
down €29,464 (-80.7%), from €36,519 to €7,055
- Trade debts +€23,265
up €23,265 (+82.7%), from €28,140 to €51,405
- Current portion of long-term debt -€21,402
no longer reported in 2025 (was €21,402)
- Short-term financial debts +€17,561
new in 2025: €17,561
- Debts after one year -€17,561
down €17,561 (-27.8%), from €63,145 to €45,584
- Gross operating margin -€56,223
down €56,223 (-52.9%), from €106,349 to €50,126
- Staff costs +€21,715
up €21,715 (+62.6%), from €34,680 to €56,395
- Taxes -€12,107
no longer reported in 2025 (was €12,107)
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 | €231,375 | €208,932 | -€22,443 | -9.7% |
| Fixed assets | 21/28 | €95,731 | €90,627 | -€5,104 | -5.3% |
| Intangible fixed assets | 21 | €74,984 | €65,984 | -€9,000 | -12.0% |
| Tangible fixed assets | 22/27 | €20,747 | €24,644 | +€3,897 | +18.8% |
| Plant, machinery and equipment | 23 | €5,151 | €3,461 | -€1,690 | -32.8% |
| Furniture and vehicles | 24 | €15,596 | €21,183 | +€5,587 | +35.8% |
| Current assets | 29/58 | €135,644 | €118,305 | -€17,339 | -12.8% |
| Stocks and contracts in progress | 3 | €87,833 | €77,989 | -€9,844 | -11.2% |
| Stocks | 30/36 | €87,833 | €77,989 | -€9,844 | -11.2% |
| Amounts receivable within one year | 40/41 | €12,535 | €13,884 | +€1,349 | +10.8% |
| Trade receivables | 40 | €12,535 | €13,884 | +€1,349 | +10.8% |
| Current investments | 50/53 | €186 | €186 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,090 | €25,146 | -€9,944 | -28.3% |
| Deferred charges and accrued income | 490/1 | - | €1,100 | +€1,100 | |
| Total equity and liabilities | 10/49 | €231,375 | €208,932 | -€22,443 | -9.7% |
| Equity | 10/15 | €78,924 | €49,460 | -€29,464 | -37.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €24,405 | €24,405 | -€0 | 0.0% |
| Distributable reserves | 133 | €24,405 | €24,405 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €36,519 | €7,055 | -€29,464 | -80.7% |
| Amounts payable | 17/49 | €152,451 | €159,472 | +€7,021 | +4.6% |
| Amounts payable after more than one year | 17 | €63,145 | €45,584 | -€17,561 | -27.8% |
| Financial debts | 170/4 | €63,145 | €45,584 | -€17,561 | -27.8% |
| Amounts payable within one year | 42/48 | €89,306 | €113,888 | +€24,582 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €21,402 | - | -€21,402 | |
| Financial debts | 43 | - | €17,561 | +€17,561 | |
| Credit institutions | 430/8 | - | €17,561 | +€17,561 | |
| Trade debts | 44 | €28,140 | €51,405 | +€23,265 | +82.7% |
| Suppliers | 440/4 | €28,140 | €51,405 | +€23,265 | +82.7% |
| Taxes, remuneration and social security | 45 | €22,389 | €28,557 | +€6,168 | +27.5% |
| Taxes | 450/3 | €17,897 | €18,256 | +€359 | +2.0% |
| Remuneration and social security | 454/9 | €4,492 | €10,301 | +€5,809 | +129% |
| Other amounts payable | 47/48 | €17,375 | €16,364 | -€1,011 | -5.8% |
| Remuneration, social security and pensions | 62 | €34,680 | €56,395 | +€21,715 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,085 | €17,884 | +€799 | +4.7% |
| Other operating charges | 640/8 | €243 | €529 | +€286 | +118% |
| Gross operating margin | 9900 | €106,349 | €50,126 | -€56,223 | -52.9% |
| Operating profit (loss) | 9901 | €54,341 | -€24,682 | -€79,023 | |
| Financial income | 75/76B | €42 | €24 | -€18 | -42.0% |
| Recurring financial income | 75 | €42 | €24 | -€18 | -42.0% |
| Financial charges | 65/66B | €5,757 | €4,806 | -€951 | -16.5% |
| Recurring financial charges | 65 | €5,757 | €4,806 | -€951 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €48,626 | -€29,463 | -€78,089 | |
| Income taxes | 67/77 | €12,107 | - | -€12,107 | |
| Profit (loss) for the period | 9904 | €36,519 | -€29,463 | -€65,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,519 | -€29,463 | -€65,982 |
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.