MUNDO: what changed
MUNDO
Largest movements
- Current investments +€197,593
up €197,593 (+84.3%), from €234,407 to €432,000
- Tangible fixed assets -€108,215
no longer reported in 2026 (was €108,215)
of which Land and buildings: -€56,538
- Receivables within one year +€85,371
up €85,371 (+2,337%), from €3,653 to €89,024
of which Other amounts receivable: +€85,979
- Cash -€75,659
down €75,659 (-61.5%), from €123,069 to €47,410
mainly Current investments (-€197,593) and Receivables within one year (-€85,371)
- Stocks and contracts -€5,890
no longer reported in 2026 (was €5,890)
- Reserves +€179,750
up €179,750 (+63.4%), from €283,719 to €463,469
of which Distributable reserves: +€179,750
- Tax, wage and social debts -€43,307
down €43,307 (-87.7%), from €49,374 to €6,068
of which Remuneration and social security: -€27,857
- Trade debts -€27,517
down €27,517 (-85.7%), from €32,115 to €4,598
- Debts after one year -€16,557
down €16,557 (-74.8%), from €22,150 to €5,593
- Staff costs -€242,135
down €242,135 (-79.2%), from €305,876 to €63,741
- Gross operating margin -€76,214
down €76,214 (-18.8%), from €405,706 to €329,493
- Taxes +€69,006
up €69,006 (+497%), from €13,878 to €82,884
- Depreciation -€24,075
no longer reported in 2026 (was €24,075)
- Other operating charges -€9,206
down €9,206 (-49.2%), from €18,710 to €9,504
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,242 | €570,809 | +€88,567 | +18.4% |
| Fixed assets | 21/28 | €108,265 | - | -€108,265 | |
| Tangible fixed assets | 22/27 | €108,215 | - | -€108,215 | |
| Land and buildings | 22 | €56,538 | - | -€56,538 | |
| Plant, machinery and equipment | 23 | €17,417 | - | -€17,417 | |
| Furniture and vehicles | 24 | €6,901 | - | -€6,901 | |
| Other tangible fixed assets | 26 | €27,359 | - | -€27,359 | |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €373,977 | €570,809 | +€196,831 | +52.6% |
| Stocks and contracts in progress | 3 | €5,890 | - | -€5,890 | |
| Stocks | 30/36 | €5,890 | - | -€5,890 | |
| Amounts receivable within one year | 40/41 | €3,653 | €89,024 | +€85,371 | +2,337% |
| Trade receivables | 40 | €1,970 | €1,362 | -€608 | -30.9% |
| Other amounts receivable | 41 | €1,684 | €87,663 | +€85,979 | +5,107% |
| Current investments | 50/53 | €234,407 | €432,000 | +€197,593 | +84.3% |
| Cash at bank and in hand | 54/58 | €123,069 | €47,410 | -€75,659 | -61.5% |
| Deferred charges and accrued income | 490/1 | €6,958 | €2,374 | -€4,584 | -65.9% |
| Total equity and liabilities | 10/49 | €482,242 | €570,809 | +€88,567 | +18.4% |
| Equity | 10/15 | €358,087 | €537,837 | +€179,750 | +50.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €283,719 | €463,469 | +€179,750 | +63.4% |
| Non-distributable reserves | 130/1 | €16,800 | €16,800 | = | 0.0% |
| Legal reserve | 130 | €16,800 | €16,800 | = | 0.0% |
| Distributable reserves | 133 | €266,919 | €446,669 | +€179,750 | +67.3% |
| Amounts payable | 17/49 | €124,154 | €32,971 | -€91,183 | -73.4% |
| Amounts payable after more than one year | 17 | €22,150 | €5,593 | -€16,557 | -74.8% |
| Financial debts | 170/4 | €22,150 | €5,593 | -€16,557 | -74.8% |
| Amounts payable within one year | 42/48 | €102,005 | €27,223 | -€74,782 | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €16,231 | €16,557 | +€326 | +2.0% |
| Trade debts | 44 | €32,115 | €4,598 | -€27,517 | -85.7% |
| Suppliers | 440/4 | €32,115 | €4,598 | -€27,517 | -85.7% |
| Taxes, remuneration and social security | 45 | €49,374 | €6,068 | -€43,307 | -87.7% |
| Taxes | 450/3 | €21,518 | €6,068 | -€15,450 | -71.8% |
| Remuneration and social security | 454/9 | €27,857 | - | -€27,857 | |
| Other amounts payable | 47/48 | €4,284 | - | -€4,284 | |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Non-recurring operating income | 76A | - | €322,746 | +€322,746 | |
| Remuneration, social security and pensions | 62 | €305,876 | €63,741 | -€242,135 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,075 | - | -€24,075 | |
| Other operating charges | 640/8 | €18,710 | €9,504 | -€9,206 | -49.2% |
| Non-recurring operating charges | 66A | €19,615 | €671 | -€18,944 | -96.6% |
| Gross operating margin | 9900 | €405,706 | €329,493 | -€76,214 | -18.8% |
| Operating profit (loss) | 9901 | €37,430 | €255,577 | +€218,146 | +583% |
| Financial income | 75/76B | €11,133 | €10,834 | -€299 | -2.7% |
| Recurring financial income | 75 | €11,133 | €10,834 | -€299 | -2.7% |
| Financial charges | 65/66B | €2,008 | €3,778 | +€1,770 | +88.1% |
| Recurring financial charges | 65 | €2,008 | €3,778 | +€1,770 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €46,556 | €262,633 | +€216,078 | +464% |
| Income taxes | 67/77 | €13,878 | €82,884 | +€69,006 | +497% |
| Profit (loss) for the period | 9904 | €32,678 | €179,750 | +€147,072 | +450% |
| Profit (loss) for the period to be appropriated | 9905 | €32,678 | €179,750 | +€147,072 | +450% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.