MULLER PALLETS: 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.
MULLER PALLETS
Largest movements
- Receivables within one year +€314,542
up €314,542 (+11.2%), from €2.8m to €3.1m
of which Trade receivables: +€327,907
- Cash +€279,060
up €279,060 (+215.7%), from €129,388 to €408,448
mainly Net result for the year (+€959,431) and Trade debts (+€604,708)
- Tangible fixed assets +€98,147
up €98,147 (+76.5%), from €128,307 to €226,454
of which Furniture and vehicles: +€90,992
- Trade debts +€604,708
up €604,708 (+48.7%), from €1.2m to €1.8m
- Profit (loss) carried forward +€214,183
up €214,183 (+17.8%), from €1.2m to €1.4m
- Other debts -€176,923
down €176,923 (-19.2%), from €922,171 to €745,247
- Gross operating margin -€343,968
down €343,968 (-16.8%), from €2.0m to €1.7m
- Taxes -€69,928
down €69,928 (-22.3%), from €313,065 to €243,137
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 | €3,478,306 | €4,190,472 | +€712,166 | +20.5% |
| Fixed assets | 21/28 | €143,437 | €241,584 | +€98,147 | +68.4% |
| Tangible fixed assets | 22/27 | €128,307 | €226,454 | +€98,147 | +76.5% |
| Plant, machinery and equipment | 23 | €72,054 | €79,209 | +€7,155 | +9.9% |
| Furniture and vehicles | 24 | €56,253 | €147,245 | +€90,992 | +161.8% |
| Financial fixed assets | 28 | €15,130 | €15,130 | = | 0.0% |
| Current assets | 29/58 | €3,334,869 | €3,948,888 | +€614,019 | +18.4% |
| Stocks and contracts in progress | 3 | €379,004 | €393,716 | +€14,711 | +3.9% |
| Stocks | 30/36 | €379,004 | €393,716 | +€14,711 | +3.9% |
| Amounts receivable within one year | 40/41 | €2,818,841 | €3,133,384 | +€314,542 | +11.2% |
| Trade receivables | 40 | €2,651,101 | €2,979,008 | +€327,907 | +12.4% |
| Other amounts receivable | 41 | €167,740 | €154,376 | -€13,365 | -8.0% |
| Cash at bank and in hand | 54/58 | €129,388 | €408,448 | +€279,060 | +215.7% |
| Deferred charges and accrued income | 490/1 | €7,635 | €13,341 | +€5,706 | +74.7% |
| Total equity and liabilities | 10/49 | €3,478,306 | €4,190,472 | +€712,166 | +20.5% |
| Equity | 10/15 | €1,225,368 | €1,439,552 | +€214,183 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,204,908 | €1,419,092 | +€214,183 | +17.8% |
| Amounts payable | 17/49 | €2,252,937 | €2,750,920 | +€497,983 | +22.1% |
| Amounts payable after more than one year | 17 | €0 | €34,023 | +€34,023 | |
| Financial debts | 170/4 | €0 | €34,023 | +€34,023 | |
| Amounts payable within one year | 42/48 | €2,252,937 | €2,716,897 | +€463,960 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €14,005 | €12,045 | -€1,961 | -14.0% |
| Trade debts | 44 | €1,240,869 | €1,845,576 | +€604,708 | +48.7% |
| Suppliers | 440/4 | €1,240,869 | €1,845,576 | +€604,708 | +48.7% |
| Taxes, remuneration and social security | 45 | €75,892 | €114,028 | +€38,136 | +50.3% |
| Taxes | 450/3 | €52,337 | €78,473 | +€26,136 | +49.9% |
| Remuneration and social security | 454/9 | €23,555 | €35,555 | +€12,000 | +50.9% |
| Other amounts payable | 47/48 | €922,171 | €745,247 | -€176,923 | -19.2% |
| Remuneration, social security and pensions | 62 | €396,716 | €416,023 | +€19,307 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,348 | €53,230 | +€16,882 | +46.4% |
| Other operating charges | 640/8 | €2,651 | €2,505 | -€146 | -5.5% |
| Gross operating margin | 9900 | €2,041,963 | €1,697,995 | -€343,968 | -16.8% |
| Operating profit (loss) | 9901 | €1,606,248 | €1,226,237 | -€380,010 | -23.7% |
| Financial income | 75/76B | €1,720 | €3,658 | +€1,938 | +112.6% |
| Recurring financial income | 75 | €1,720 | €3,658 | +€1,938 | +112.6% |
| Financial charges | 65/66B | €40,217 | €27,328 | -€12,889 | -32.0% |
| Recurring financial charges | 65 | €40,217 | €27,328 | -€12,889 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €1,567,751 | €1,202,567 | -€365,184 | -23.3% |
| Income taxes | 67/77 | €313,065 | €243,137 | -€69,928 | -22.3% |
| Profit (loss) for the period | 9904 | €1,254,686 | €959,431 | -€295,255 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,254,686 | €959,431 | -€295,255 | -23.5% |
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 11 October 2026 via checked.be.