MULLER CONSTRUCTION: 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.
MULLER CONSTRUCTION
Largest movements
- Cash -€16,422
down €16,422 (-62.4%), from €26,320 to €9,899
mainly Other debts (-€15,006) and Receivables within one year (-€8,725)
- Receivables within one year +€8,725
up €8,725 (+205.5%), from €4,246 to €12,971
of which Other amounts receivable: +€5,305
- Tangible fixed assets -€5,631
down €5,631 (-34.2%), from €16,479 to €10,849
of which Furniture and vehicles: -€4,393
- Other debts -€15,006
down €15,006 (-82.2%), from €18,248 to €3,242
- Profit (loss) carried forward +€14,309
up €14,309 (+296.2%), from €4,831 to €19,139
- Trade debts -€4,730
down €4,730 (-85.0%), from €5,565 to €835
- Tax, wage and social debts -€4,520
down €4,520 (-67.9%), from €6,661 to €2,141
- Debts after one year -€3,975
down €3,975 (-79.5%), from €4,998 to €1,024
- Gross operating margin +€7,568
up €7,568 (+39.1%), from €19,378 to €26,946
- Depreciation -€2,869
down €2,869 (-30.6%), from €9,365 to €6,496
- Taxes +€1,907
up €1,907 (+78.1%), from €2,442 to €4,349
- Other operating charges -€533
down €533 (-44.6%), from €1,194 to €661
- Financial charges -€415
down €415 (-26.9%), from €1,547 to €1,131
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.
Cash bridge derived
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 | €48,092 | €34,354 | -€13,738 | -28.6% |
| Fixed assets | 21/28 | €16,479 | €10,849 | -€5,631 | -34.2% |
| Tangible fixed assets | 22/27 | €16,479 | €10,849 | -€5,631 | -34.2% |
| Plant, machinery and equipment | 23 | €3,901 | €2,664 | -€1,237 | -31.7% |
| Furniture and vehicles | 24 | €12,578 | €8,185 | -€4,393 | -34.9% |
| Current assets | 29/58 | €31,613 | €23,506 | -€8,107 | -25.6% |
| Amounts receivable within one year | 40/41 | €4,246 | €12,971 | +€8,725 | +205.5% |
| Trade receivables | 40 | €3,196 | €6,616 | +€3,421 | +107.0% |
| Other amounts receivable | 41 | €1,050 | €6,355 | +€5,305 | +505.2% |
| Cash at bank and in hand | 54/58 | €26,320 | €9,899 | -€16,422 | -62.4% |
| Deferred charges and accrued income | 490/1 | €1,046 | €636 | -€411 | -39.2% |
| Total equity and liabilities | 10/49 | €48,092 | €34,354 | -€13,738 | -28.6% |
| Equity | 10/15 | €8,831 | €23,139 | +€14,309 | +162.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,831 | €19,139 | +€14,309 | +296.2% |
| Amounts payable | 17/49 | €39,261 | €11,215 | -€28,046 | -71.4% |
| Amounts payable after more than one year | 17 | €4,998 | €1,024 | -€3,975 | -79.5% |
| Financial debts | 170/4 | €4,998 | €1,024 | -€3,975 | -79.5% |
| Amounts payable within one year | 42/48 | €34,263 | €10,191 | -€24,072 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €3,790 | €3,975 | +€185 | +4.9% |
| Trade debts | 44 | €5,565 | €835 | -€4,730 | -85.0% |
| Suppliers | 440/4 | €5,565 | €835 | -€4,730 | -85.0% |
| Taxes, remuneration and social security | 45 | €6,661 | €2,141 | -€4,520 | -67.9% |
| Taxes | 450/3 | €6,661 | €2,141 | -€4,520 | -67.9% |
| Other amounts payable | 47/48 | €18,248 | €3,242 | -€15,006 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,365 | €6,496 | -€2,869 | -30.6% |
| Other operating charges | 640/8 | €1,194 | €661 | -€533 | -44.6% |
| Gross operating margin | 9900 | €19,378 | €26,946 | +€7,568 | +39.1% |
| Operating profit (loss) | 9901 | €8,819 | €19,789 | +€10,970 | +124.4% |
| Financial charges | 65/66B | €1,547 | €1,131 | -€415 | -26.9% |
| Recurring financial charges | 65 | €1,547 | €1,131 | -€415 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €7,273 | €18,658 | +€11,385 | +156.5% |
| Income taxes | 67/77 | €2,442 | €4,349 | +€1,907 | +78.1% |
| Profit (loss) for the period | 9904 | €4,831 | €14,309 | +€9,478 | +196.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,831 | €14,309 | +€9,478 | +196.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.