MUNDAKA: what changed
What changed
MUNDAKA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€488,092
2024 · €869,615-€1.4m
Equity
€3.8m
2024 · €4.3m-€488,092
Cash
€26,546
2024 · €59,632-€33,086
Balance sheet total
€5.0m
2024 · €5.8m-€829,545
Largest movements
Assets
- Financial fixed assets -€2.2m
down €2.2m (-42.7%), from €5.2m to €3.0m
- Receivables within one year +€1.4m
up €1.4m (+785%), from €179,685 to €1.6m
of which Other amounts receivable: +€1.5m
Equity and liabilities
- Profit (loss) carried forward -€488,092
down €488,092 (-12.8%), from €3.8m to €3.3m
- Other debts -€204,000
down €204,000 (-47.7%), from €428,000 to €224,000
- Debts after one year -€175,426
down €175,426 (-22.1%), from €794,471 to €619,045
Income statement
- Financial income -€665,000
down €665,000 (-100%), from €665,000 to €0
- Financial charges +€539,190
up €539,190 (+899%), from €59,991 to €599,181
of which Non-recurring financial charges: +€551,975
- Gross operating margin -€132,355
down €132,355 (-39.1%), from €338,516 to €206,161
- Other operating charges +€65,366
up €65,366 (+6,756%), from €968 to €66,333
- Taxes -€44,203
down €44,203 (-60.6%), from €72,942 to €28,739
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€869,615
Gross operating margin
-€132,355
Other operating charges
-€65,366
Financial income
-€665,000
Financial charges
-€539,190
Taxes
+€44,203
Result 2025
-€488,092
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.1m
Investment
+€2.2m
Financing
-€142,866
Cash 2024
€59,632
From operations (derived)
-€2.1m
Net result for the year
-€488,092
Receivables within one year
-€1.4m
Trade debts
+€46,852
Tax, wage and social debts
-€44,485
Other debts
-€204,000
Accrued charges and deferred income
+€3,045
Investment (derived)
+€2.2m
Investment in fixed assets (net)
+€2.2m
Financing
-€142,866
Debts after one year
-€175,426
Current portion of long-term debt
+€6,204
Short-term financial debts
+€26,356
Cash 2025
€26,546
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,788,362 | €4,958,816 | -€829,545 | -14.3% |
| Fixed assets | 21/28 | €5,209,044 | €3,002,340 | -€2.2m | -42.4% |
| Tangible fixed assets | 22/27 | €46,260 | €46,260 | = | 0.0% |
| Assets under construction and advance payments | 27 | €46,260 | €46,260 | = | 0.0% |
| Financial fixed assets | 28 | €5,162,784 | €2,956,080 | -€2.2m | -42.7% |
| Current assets | 29/58 | €579,317 | €1,956,476 | +€1.4m | +238% |
| Amounts receivable within one year | 40/41 | €179,685 | €1,589,930 | +€1.4m | +785% |
| Trade receivables | 40 | €179,685 | €139,490 | -€40,195 | -22.4% |
| Other amounts receivable | 41 | - | €1,450,440 | +€1.5m | |
| Current investments | 50/53 | €340,000 | €340,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,632 | €26,546 | -€33,086 | -55.5% |
| Total equity and liabilities | 10/49 | €5,788,362 | €4,958,816 | -€829,545 | -14.3% |
| Equity | 10/15 | €4,251,216 | €3,763,125 | -€488,092 | -11.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €350,000 | €350,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350,000 | €350,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Own shares acquired | 1312 | €340,000 | €340,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,801,216 | €3,313,125 | -€488,092 | -12.8% |
| Amounts payable | 17/49 | €1,537,145 | €1,195,692 | -€341,453 | -22.2% |
| Amounts payable after more than one year | 17 | €794,471 | €619,045 | -€175,426 | -22.1% |
| Financial debts | 170/4 | €794,471 | €619,045 | -€175,426 | -22.1% |
| Amounts payable within one year | 42/48 | €728,845 | €559,772 | -€169,073 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €169,222 | €175,426 | +€6,204 | +3.7% |
| Financial debts | 43 | €3,945 | €30,301 | +€26,356 | +668% |
| Other loans | 439 | €3,945 | €30,301 | +€26,356 | +668% |
| Trade debts | 44 | €35,713 | €82,565 | +€46,852 | +131% |
| Suppliers | 440/4 | €35,713 | €31,565 | -€4,148 | -11.6% |
| Bills of exchange payable | 441 | - | €51,000 | +€51,000 | |
| Taxes, remuneration and social security | 45 | €91,965 | €47,480 | -€44,485 | -48.4% |
| Taxes | 450/3 | €91,965 | €47,480 | -€44,485 | -48.4% |
| Other amounts payable | 47/48 | €428,000 | €224,000 | -€204,000 | -47.7% |
| Accrued charges and deferred income | 492/3 | €13,830 | €16,875 | +€3,045 | +22.0% |
| Other operating charges | 640/8 | €968 | €66,333 | +€65,366 | +6,756% |
| Gross operating margin | 9900 | €338,516 | €206,161 | -€132,355 | -39.1% |
| Operating profit (loss) | 9901 | €337,549 | €139,828 | -€197,720 | -58.6% |
| Financial income | 75/76B | €665,000 | €0 | -€665,000 | -100% |
| Recurring financial income | 75 | €665,000 | €0 | -€665,000 | -100% |
| Financial charges | 65/66B | €59,991 | €599,181 | +€539,190 | +899% |
| Recurring financial charges | 65 | €54,457 | €41,672 | -€12,785 | -23.5% |
| Non-recurring financial charges | 66B | €5,534 | €557,509 | +€551,975 | +9,974% |
| Profit (loss) for the period before taxes | 9903 | €942,557 | -€459,353 | -€1.4m | |
| Income taxes | 67/77 | €72,942 | €28,739 | -€44,203 | -60.6% |
| Profit (loss) for the period | 9904 | €869,615 | -€488,092 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €869,615 | -€488,092 | -€1.4m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.