MULSANNE: 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.
MULSANNE
Largest movements
- Cash -€1,127
down €1,127 (-16.3%), from €6,919 to €5,792
mainly Tax, wage and social debts (-€871) and Net result for the year (-€256)
- Tax, wage and social debts -€871
no longer reported in 2025 (was €871)
- Profit (loss) carried forward -€256
down €256 (-7.4%), from €3,483 to €3,227
- Gross operating margin -€4,568
down €4,568, from €4,354 to -€214
- Taxes -€871
no longer reported in 2025 (was €871)
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 | €6,919 | €5,792 | -€1,127 | -16.3% |
| Current assets | 29/58 | €6,919 | €5,792 | -€1,127 | -16.3% |
| Cash at bank and in hand | 54/58 | €6,919 | €5,792 | -€1,127 | -16.3% |
| Total equity and liabilities | 10/49 | €6,919 | €5,792 | -€1,127 | -16.3% |
| Equity | 10/15 | €4,483 | €4,227 | -€256 | -5.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,483 | €3,227 | -€256 | -7.4% |
| Amounts payable | 17/49 | €2,435 | €1,564 | -€871 | -35.8% |
| Amounts payable within one year | 42/48 | €2,435 | €1,564 | -€871 | -35.8% |
| Taxes, remuneration and social security | 45 | €871 | - | -€871 | |
| Taxes | 450/3 | €871 | - | -€871 | |
| Other amounts payable | 47/48 | €1,564 | €1,564 | = | 0.0% |
| Gross operating margin | 9900 | €4,354 | -€214 | -€4,568 | |
| Operating profit (loss) | 9901 | €4,354 | -€214 | -€4,568 | |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | €4,354 | -€256 | -€4,610 | |
| Income taxes | 67/77 | €871 | - | -€871 | |
| Profit (loss) for the period | 9904 | €3,483 | -€256 | -€3,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,483 | -€256 | -€3,740 |
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 10 October 2026 via checked.be.