Mundorff: 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.
Mundorff
Largest movements
- Receivables within one year +€30,298
up €30,298 (+85.8%), from €35,308 to €65,606
of which Other amounts receivable: +€16,391
- Tangible fixed assets -€29,568
down €29,568 (-23.5%), from €125,806 to €96,238
- Deferred charges and accrued income +€14,607
up €14,607 (+248%), from €5,894 to €20,501
- Cash -€4,932
down €4,932 (-35.3%), from €13,976 to €9,044
mainly Receivables within one year (-€30,298) and Debts after one year (-€19,329)
- Trade debts +€25,310
up €25,310 (+872%), from €2,903 to €28,213
- Debts after one year -€19,329
down €19,329 (-22.0%), from €87,679 to €68,351
- Other debts +€5,504
up €5,504 (+108%), from €5,089 to €10,593
- Other operating charges +€13,524
up €13,524 (+921%), from €1,469 to €14,992
- Depreciation +€7,534
up €7,534 (+34.2%), from €22,034 to €29,568
- Gross operating margin +€3,798
up €3,798 (+6.1%), from €62,587 to €66,385
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.
Derived cash bridge
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 | €259,132 | €269,537 | +€10,406 | +4.0% |
| Fixed assets | 21/28 | €140,354 | €110,786 | -€29,568 | -21.1% |
| Tangible fixed assets | 22/27 | €125,806 | €96,238 | -€29,568 | -23.5% |
| Leasing and similar rights | 25 | €125,806 | €96,238 | -€29,568 | -23.5% |
| Financial fixed assets | 28 | €14,548 | €14,548 | = | 0.0% |
| Current assets | 29/58 | €118,778 | €158,751 | +€39,974 | +33.7% |
| Amounts receivable after more than one year | 29 | €63,600 | €63,600 | = | 0.0% |
| Other amounts receivable | 291 | €63,600 | €63,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,308 | €65,606 | +€30,298 | +85.8% |
| Trade receivables | 40 | €35,308 | €49,216 | +€13,908 | +39.4% |
| Other amounts receivable | 41 | €0 | €16,391 | +€16,391 | |
| Cash at bank and in hand | 54/58 | €13,976 | €9,044 | -€4,932 | -35.3% |
| Deferred charges and accrued income | 490/1 | €5,894 | €20,501 | +€14,607 | +248% |
| Total equity and liabilities | 10/49 | €259,132 | €269,537 | +€10,406 | +4.0% |
| Equity | 10/15 | €122,818 | €123,053 | +€235 | +0.2% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €92,837 | €93,071 | +€235 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,000 | €0 | -€14,000 | -100% |
| Distributable reserves | 133 | €78,837 | €93,071 | +€14,235 | +18.1% |
| Profit (loss) carried forward | 14 | €13,782 | €13,782 | = | 0.0% |
| Amounts payable | 17/49 | €136,313 | €146,484 | +€10,171 | +7.5% |
| Amounts payable after more than one year | 17 | €87,679 | €68,351 | -€19,329 | -22.0% |
| Financial debts | 170/4 | €87,679 | €68,351 | -€19,329 | -22.0% |
| Amounts payable within one year | 42/48 | €48,206 | €78,006 | +€29,799 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €18,582 | €19,329 | +€747 | +4.0% |
| Financial debts | 43 | €12,500 | €12,500 | = | 0.0% |
| Credit institutions | 430/8 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €2,903 | €28,213 | +€25,310 | +872% |
| Suppliers | 440/4 | €2,903 | €28,213 | +€25,310 | +872% |
| Taxes, remuneration and social security | 45 | €9,133 | €7,370 | -€1,762 | -19.3% |
| Taxes | 450/3 | €5,574 | €4,033 | -€1,540 | -27.6% |
| Remuneration and social security | 454/9 | €3,559 | €3,337 | -€222 | -6.2% |
| Other amounts payable | 47/48 | €5,089 | €10,593 | +€5,504 | +108% |
| Accrued charges and deferred income | 492/3 | €428 | €128 | -€300 | -70.1% |
| Non-recurring operating income | 76A | €42,385 | €0 | -€42,385 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,034 | €29,568 | +€7,534 | +34.2% |
| Other operating charges | 640/8 | €1,469 | €14,992 | +€13,524 | +921% |
| Gross operating margin | 9900 | €62,587 | €66,385 | +€3,798 | +6.1% |
| Operating profit (loss) | 9901 | €39,084 | €21,824 | -€17,260 | -44.2% |
| Financial income | 75/76B | €2,021 | €1,978 | -€43 | -2.1% |
| Recurring financial income | 75 | €2,021 | €1,978 | -€43 | -2.1% |
| Financial charges | 65/66B | €4,325 | €4,837 | +€512 | +11.8% |
| Recurring financial charges | 65 | €4,325 | €4,837 | +€512 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €36,780 | €18,966 | -€17,815 | -48.4% |
| Income taxes | 67/77 | €9,326 | €9,131 | -€195 | -2.1% |
| Profit (loss) for the period | 9904 | €27,454 | €9,835 | -€17,620 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,454 | €9,835 | -€17,620 | -64.2% |
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 25 October 2026 via checked.be.