MUMS: 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.
MUMS
Largest movements
- Cash -€6,356
down €6,356 (-9.8%), from €64,625 to €58,269
mainly Net result for the year (-€10,170) and Stocks and contracts (-€2,529)
- Stocks and contracts +€2,529
up €2,529 (+7.6%), from €33,120 to €35,649
- Receivables within one year +€1,048
up €1,048 (+83.4%), from €1,256 to €2,305
of which Other amounts receivable: +€1,036
- Profit (loss) carried forward -€10,170
down €10,170 (-2.6%), from -€384,481 to -€394,651
- Other debts +€7,662
up €7,662 (+2.0%), from €383,116 to €390,778
- Gross operating margin -€3,988
down €3,988, from €2,411 to -€1,577
- Financial charges +€219
up €219 (+2.7%), from €8,008 to €8,227
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 | €99,001 | €96,222 | -€2,778 | -2.8% |
| Current assets | 29/58 | €99,001 | €96,222 | -€2,778 | -2.8% |
| Stocks and contracts in progress | 3 | €33,120 | €35,649 | +€2,529 | +7.6% |
| Stocks | 30/36 | €33,120 | €35,649 | +€2,529 | +7.6% |
| Amounts receivable within one year | 40/41 | €1,256 | €2,305 | +€1,048 | +83.4% |
| Trade receivables | 40 | €416 | €428 | +€12 | +2.9% |
| Other amounts receivable | 41 | €840 | €1,876 | +€1,036 | +123.4% |
| Cash at bank and in hand | 54/58 | €64,625 | €58,269 | -€6,356 | -9.8% |
| Total equity and liabilities | 10/49 | €99,001 | €96,222 | -€2,778 | -2.8% |
| Equity | 10/15 | -€284,481 | -€294,651 | -€10,170 | -3.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,481 | -€394,651 | -€10,170 | -2.6% |
| Amounts payable | 17/49 | €383,482 | €390,873 | +€7,392 | +1.9% |
| Amounts payable within one year | 42/48 | €383,482 | €390,873 | +€7,392 | +1.9% |
| Trade debts | 44 | €0 | €95 | +€95 | |
| Suppliers | 440/4 | €0 | €95 | +€95 | |
| Taxes, remuneration and social security | 45 | €366 | €0 | -€366 | -100.0% |
| Taxes | 450/3 | €366 | €0 | -€366 | -100.0% |
| Other amounts payable | 47/48 | €383,116 | €390,778 | +€7,662 | +2.0% |
| Other operating charges | 640/8 | €356 | €365 | +€9 | +2.5% |
| Gross operating margin | 9900 | €2,411 | -€1,577 | -€3,988 | |
| Operating profit (loss) | 9901 | €2,055 | -€1,943 | -€3,997 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,008 | €8,227 | +€219 | +2.7% |
| Recurring financial charges | 65 | €8,008 | €8,227 | +€219 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,954 | -€10,170 | -€4,216 | -70.8% |
| Profit (loss) for the period | 9904 | -€5,954 | -€10,170 | -€4,216 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,954 | -€10,170 | -€4,216 | -70.8% |
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 30 September 2026 via checked.be.