MULLINS: 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.
MULLINS
Largest movements
- Cash +€16,737
up €16,737 (+81.1%), from €20,640 to €37,377
mainly Other debts (+€32,296) and Net result for the year (+€28,968)
- Tangible fixed assets -€12,077
down €12,077 (-47.5%), from €25,411 to €13,334
- Other debts +€32,296
up €32,296 (+86.5%), from €37,353 to €69,649
- Debts after one year -€26,180
down €26,180 (-80.5%), from €32,541 to €6,361
- Gross operating margin -€7,520
down €7,520 (-11.7%), from €64,405 to €56,884
- Taxes -€4,338
down €4,338 (-27.4%), from €15,847 to €11,510
- Financial charges -€1,044
down €1,044 (-25.4%), from €4,105 to €3,061
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 | €252,611 | €257,018 | +€4,407 | +1.7% |
| Fixed assets | 21/28 | €229,536 | €217,460 | -€12,077 | -5.3% |
| Tangible fixed assets | 22/27 | €25,411 | €13,334 | -€12,077 | -47.5% |
| Furniture and vehicles | 24 | €25,411 | €13,334 | -€12,077 | -47.5% |
| Financial fixed assets | 28 | €204,126 | €204,126 | = | 0.0% |
| Current assets | 29/58 | €23,074 | €39,558 | +€16,484 | +71.4% |
| Amounts receivable within one year | 40/41 | €2,298 | €2,030 | -€268 | -11.7% |
| Other amounts receivable | 41 | €2,298 | €2,030 | -€268 | -11.7% |
| Cash at bank and in hand | 54/58 | €20,640 | €37,377 | +€16,737 | +81.1% |
| Deferred charges and accrued income | 490/1 | €136 | €151 | +€14 | +10.5% |
| Total equity and liabilities | 10/49 | €252,611 | €257,018 | +€4,407 | +1.7% |
| Equity | 10/15 | €163,201 | €163,201 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,601 | €144,601 | = | 0.0% |
| Distributable reserves | 133 | €144,601 | €144,601 | = | 0.0% |
| Amounts payable | 17/49 | €89,409 | €93,817 | +€4,407 | +4.9% |
| Amounts payable after more than one year | 17 | €32,541 | €6,361 | -€26,180 | -80.5% |
| Financial debts | 170/4 | €32,541 | €6,361 | -€26,180 | -80.5% |
| Amounts payable within one year | 42/48 | €53,152 | €84,678 | +€31,526 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €12,586 | €12,680 | +€95 | +0.8% |
| Trade debts | 44 | €81 | €368 | +€287 | +352% |
| Suppliers | 440/4 | €81 | €368 | +€287 | +352% |
| Taxes, remuneration and social security | 45 | €3,132 | €1,980 | -€1,152 | -36.8% |
| Taxes | 450/3 | €3,132 | €232 | -€2,900 | -92.6% |
| Remuneration and social security | 454/9 | - | €1,748 | +€1,748 | |
| Other amounts payable | 47/48 | €37,353 | €69,649 | +€32,296 | +86.5% |
| Accrued charges and deferred income | 492/3 | €3,717 | €2,778 | -€939 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,500 | €12,712 | +€212 | +1.7% |
| Other operating charges | 640/8 | €678 | €694 | +€16 | +2.4% |
| Gross operating margin | 9900 | €64,405 | €56,884 | -€7,520 | -11.7% |
| Operating profit (loss) | 9901 | €51,227 | €43,479 | -€7,748 | -15.1% |
| Financial income | 75/76B | €45 | €60 | +€16 | +35.4% |
| Recurring financial income | 75 | €45 | €60 | +€16 | +35.4% |
| Financial charges | 65/66B | €4,105 | €3,061 | -€1,044 | -25.4% |
| Recurring financial charges | 65 | €4,105 | €3,061 | -€1,044 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €47,167 | €40,478 | -€6,689 | -14.2% |
| Income taxes | 67/77 | €15,847 | €11,510 | -€4,338 | -27.4% |
| Profit (loss) for the period | 9904 | €31,319 | €28,968 | -€2,351 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,319 | €28,968 | -€2,351 | -7.5% |
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 15 October 2026 via checked.be.