MULLER SERVICES: 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 SERVICES
Largest movements
- Cash +€17,260
up €17,260 (+289.0%), from €5,972 to €23,232
mainly Depreciation (+€4,947) and Receivables within one year (+€4,387)
- Tangible fixed assets -€4,489
down €4,489 (-41.7%), from €10,775 to €6,286
of which Furniture and vehicles: -€4,166
- Receivables within one year -€4,387
down €4,387 (-37.9%), from €11,587 to €7,200
of which Trade receivables: -€2,987
- Stocks and contracts -€2,095
down €2,095 (-81.6%), from €2,566 to €471
- Profit (loss) carried forward +€4,101
up €4,101 (+21.7%), from -€18,899 to -€14,798
- Trade debts +€3,588
up €3,588 (+43.8%), from €8,198 to €11,786
- Other debts -€2,329
down €2,329 (-54.3%), from €4,287 to €1,958
- Tax, wage and social debts +€800
new in 2025: €800
- Gross operating margin +€8,205
up €8,205 (+103.7%), from €7,914 to €16,119
- Other operating charges -€3,737
down €3,737 (-70.7%), from €5,286 to €1,549
- Financial income -€1,290
no longer reported in 2025 (was €1,290)
of which Financial income: -€1,290
- Taxes +€800
new in 2025: €800
- Financial charges -€455
down €455 (-13.1%), from €3,466 to €3,011
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 | €40,441 | €46,601 | +€6,160 | +15.2% |
| Fixed assets | 21/28 | €11,123 | €6,634 | -€4,489 | -40.4% |
| Tangible fixed assets | 22/27 | €10,775 | €6,286 | -€4,489 | -41.7% |
| Furniture and vehicles | 24 | €8,273 | €4,107 | -€4,166 | -50.4% |
| Other tangible fixed assets | 26 | €2,502 | €2,179 | -€323 | -12.9% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €29,318 | €39,967 | +€10,649 | +36.3% |
| Stocks and contracts in progress | 3 | €2,566 | €471 | -€2,095 | -81.6% |
| Stocks | 30/36 | €2,566 | €471 | -€2,095 | -81.6% |
| Amounts receivable within one year | 40/41 | €11,587 | €7,200 | -€4,387 | -37.9% |
| Trade receivables | 40 | €8,115 | €5,128 | -€2,987 | -36.8% |
| Other amounts receivable | 41 | €3,472 | €2,072 | -€1,400 | -40.3% |
| Cash at bank and in hand | 54/58 | €5,972 | €23,232 | +€17,260 | +289.0% |
| Deferred charges and accrued income | 490/1 | €9,193 | €9,064 | -€129 | -1.4% |
| Total equity and liabilities | 10/49 | €40,441 | €46,601 | +€6,160 | +15.2% |
| Equity | 10/15 | €25,101 | €29,202 | +€4,101 | +16.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,899 | -€14,798 | +€4,101 | +21.7% |
| Amounts payable | 17/49 | €15,340 | €17,399 | +€2,059 | +13.4% |
| Amounts payable after more than one year | 17 | €2,855 | €2,855 | = | 0.0% |
| Other amounts payable | 178/9 | €2,855 | €2,855 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,485 | €14,544 | +€2,059 | +16.5% |
| Trade debts | 44 | €8,198 | €11,786 | +€3,588 | +43.8% |
| Suppliers | 440/4 | €8,198 | €11,786 | +€3,588 | +43.8% |
| Taxes, remuneration and social security | 45 | - | €800 | +€800 | |
| Taxes | 450/3 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €4,287 | €1,958 | -€2,329 | -54.3% |
| Non-recurring operating income | 76A | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,230 | €4,947 | -€283 | -5.4% |
| Other operating charges | 640/8 | €5,286 | €1,549 | -€3,737 | -70.7% |
| Non-recurring operating charges | 66A | €45 | €1,711 | +€1,666 | +3702.2% |
| Gross operating margin | 9900 | €7,914 | €16,119 | +€8,205 | +103.7% |
| Operating profit (loss) | 9901 | -€2,647 | €7,912 | +€10,559 | |
| Financial income | 75/76B | €1,290 | - | -€1,290 | |
| Recurring financial income | 75 | €1,290 | - | -€1,290 | |
| Non-recurring financial income | 76B | €1,290 | - | -€1,290 | |
| Financial charges | 65/66B | €3,466 | €3,011 | -€455 | -13.1% |
| Recurring financial charges | 65 | €3,466 | €3,011 | -€455 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,823 | €4,901 | +€9,724 | |
| Income taxes | 67/77 | - | €800 | +€800 | |
| Profit (loss) for the period | 9904 | -€4,823 | €4,101 | +€8,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,823 | €4,101 | +€8,924 |
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 3 October 2026 via checked.be.