MUNCHIES: 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.
MUNCHIES
Largest movements
- Receivables within one year +€103,241
up €103,241 (+225.3%), from €45,831 to €149,072
of which Trade receivables: +€116,722
- Deferred charges and accrued income -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Cash -€2,623
down €2,623 (-66.1%), from €3,967 to €1,343
mainly Receivables within one year (-€103,241) and Net result for the year (-€31,639)
- Trade debts +€99,928
up €99,928 (+389.7%), from €25,642 to €125,570
- Profit (loss) carried forward -€31,639
down €31,639 (-1842.9%), from -€1,717 to -€33,356
- Other debts +€23,200
up €23,200 (+84.2%), from €27,552 to €50,752
- Tax, wage and social debts +€7,353
up €7,353 (+57.2%), from €12,852 to €20,205
of which Taxes: +€4,722
- Gross operating margin -€30,980
down €30,980 (-41.1%), from €75,432 to €44,452
- Staff costs -€11,129
down €11,129 (-13.2%), from €84,557 to €73,428
- Financial charges +€827
up €827 (+72.5%), from €1,140 to €1,967
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 | €66,329 | €165,171 | +€98,842 | +149.0% |
| Fixed assets | 21/28 | €981 | €1,666 | +€685 | +69.8% |
| Tangible fixed assets | 22/27 | €981 | €1,666 | +€685 | +69.8% |
| Plant, machinery and equipment | 23 | €981 | €614 | -€367 | -37.4% |
| Furniture and vehicles | 24 | - | €1,052 | +€1,052 | |
| Current assets | 29/58 | €65,348 | €163,505 | +€98,157 | +150.2% |
| Stocks and contracts in progress | 3 | €3,550 | €4,090 | +€539 | +15.2% |
| Stocks | 30/36 | €3,550 | €4,090 | +€539 | +15.2% |
| Amounts receivable within one year | 40/41 | €45,831 | €149,072 | +€103,241 | +225.3% |
| Trade receivables | 40 | €32,350 | €149,072 | +€116,722 | +360.8% |
| Other amounts receivable | 41 | €13,481 | - | -€13,481 | |
| Cash at bank and in hand | 54/58 | €3,967 | €1,343 | -€2,623 | -66.1% |
| Deferred charges and accrued income | 490/1 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Total equity and liabilities | 10/49 | €66,329 | €165,171 | +€98,842 | +149.0% |
| Equity | 10/15 | €283 | -€31,356 | -€31,639 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,717 | -€33,356 | -€31,639 | -1842.9% |
| Amounts payable | 17/49 | €66,046 | €196,527 | +€130,481 | +197.6% |
| Amounts payable within one year | 42/48 | €66,046 | €196,527 | +€130,481 | +197.6% |
| Trade debts | 44 | €25,642 | €125,570 | +€99,928 | +389.7% |
| Suppliers | 440/4 | €25,642 | €125,570 | +€99,928 | +389.7% |
| Taxes, remuneration and social security | 45 | €12,852 | €20,205 | +€7,353 | +57.2% |
| Taxes | 450/3 | €2,856 | €7,578 | +€4,722 | +165.3% |
| Remuneration and social security | 454/9 | €9,996 | €12,627 | +€2,631 | +26.3% |
| Other amounts payable | 47/48 | €27,552 | €50,752 | +€23,200 | +84.2% |
| Remuneration, social security and pensions | 62 | €84,557 | €73,428 | -€11,129 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €741 | +€374 | +101.8% |
| Other operating charges | 640/8 | €82 | €400 | +€318 | +387.2% |
| Gross operating margin | 9900 | €75,432 | €44,452 | -€30,980 | -41.1% |
| Operating profit (loss) | 9901 | -€9,574 | -€30,116 | -€20,542 | -214.6% |
| Financial income | 75/76B | €445 | €443 | -€2 | -0.4% |
| Recurring financial income | 75 | €445 | €443 | -€2 | -0.4% |
| Financial charges | 65/66B | €1,140 | €1,967 | +€827 | +72.5% |
| Recurring financial charges | 65 | €1,140 | €1,967 | +€827 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,268 | -€31,639 | -€21,371 | -208.1% |
| Income taxes | 67/77 | €112 | - | -€112 | |
| Profit (loss) for the period | 9904 | -€10,380 | -€31,639 | -€21,259 | -204.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,380 | -€31,639 | -€21,259 | -204.8% |
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 4 October 2026 via checked.be.