MUNIC GEMS: 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.
MUNIC GEMS
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-35.7%), from €5.1m to €3.3m
of which Other amounts receivable: -€1.7m
- Stocks and contracts +€444,396
up €444,396 (+3.0%), from €14.7m to €15.2m
- Short-term financial debts -€2.4m
down €2.4m (-45.5%), from €5.3m to €2.9m
of which Credit institutions: -€2.4m
- Advances received +€2.4m
up €2.4m (+524.2%), from €454,165 to €2.8m
- Other debts -€786,639
no longer reported in 2024 (was €786,639)
- Trade debts -€514,878
down €514,878 (-10.7%), from €4.8m to €4.3m
- Gross operating margin +€5.6m
up €5.6m, from -€5.2m to €390,388
- Financial charges +€2.6m
up €2.6m (+1560.4%), from €166,007 to €2.8m
of which Non-recurring financial charges: +€2.4m
- Financial income +€2.2m
up €2.2m (+1354.9%), from €160,329 to €2.3m
of which Non-recurring financial income: +€2.3m
- Other operating charges +€927,737
up €927,737 (+11293.5%), from €8,215 to €935,951
- Write-downs -€889,848
down €889,848 (-2676.1%), from -€33,252 to -€923,100
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,131,400 | €18,777,657 | -€1.4m | -6.7% |
| Fixed assets | 21/28 | €241,807 | €234,418 | -€7,389 | -3.1% |
| Tangible fixed assets | 22/27 | €137,657 | €130,267 | -€7,389 | -5.4% |
| Land and buildings | 22 | €135,909 | €129,044 | -€6,865 | -5.1% |
| Plant, machinery and equipment | 23 | €1,748 | €1,223 | -€525 | -30.0% |
| Financial fixed assets | 28 | €104,150 | €104,150 | = | 0.0% |
| Current assets | 29/58 | €19,889,593 | €18,543,239 | -€1.3m | -6.8% |
| Stocks and contracts in progress | 3 | €14,736,835 | €15,181,231 | +€444,396 | +3.0% |
| Stocks | 30/36 | €14,736,835 | €15,181,231 | +€444,396 | +3.0% |
| Amounts receivable within one year | 40/41 | €5,085,076 | €3,268,468 | -€1.8m | -35.7% |
| Trade receivables | 40 | €3,296,537 | €3,140,000 | -€156,537 | -4.7% |
| Other amounts receivable | 41 | €1,788,539 | €128,468 | -€1.7m | -92.8% |
| Cash at bank and in hand | 54/58 | €7,291 | €36,611 | +€29,320 | +402.2% |
| Deferred charges and accrued income | 490/1 | €60,392 | €56,930 | -€3,462 | -5.7% |
| Total equity and liabilities | 10/49 | €20,131,400 | €18,777,657 | -€1.4m | -6.7% |
| Equity | 10/15 | €6,672,511 | €6,619,606 | -€52,905 | -0.8% |
| Contributions | 10/11 | €5,126,000 | €5,126,000 | = | 0.0% |
| Capital | 10 | €5,126,000 | €5,126,000 | = | 0.0% |
| Issued capital | 100 | €5,126,000 | €5,126,000 | = | 0.0% |
| Reserves | 13 | €11,800,261 | €11,800,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €512,600 | €534,697 | +€22,097 | +4.3% |
| Legal reserve | 130 | €512,600 | €512,600 | = | 0.0% |
| Other | 1319 | - | €22,097 | +€22,097 | |
| Distributable reserves | 133 | €11,287,661 | €11,265,564 | -€22,097 | -0.2% |
| Profit (loss) carried forward | 14 | -€10,253,750 | -€10,306,655 | -€52,905 | -0.5% |
| Amounts payable | 17/49 | €13,458,889 | €12,158,051 | -€1.3m | -9.7% |
| Amounts payable within one year | 42/48 | €13,198,692 | €11,863,348 | -€1.3m | -10.1% |
| Financial debts | 43 | €5,277,680 | €2,874,430 | -€2.4m | -45.5% |
| Credit institutions | 430/8 | €4,648,572 | €2,205,282 | -€2.4m | -52.6% |
| Other loans | 439 | €629,108 | €669,149 | +€40,040 | +6.4% |
| Trade debts | 44 | €4,799,437 | €4,284,558 | -€514,878 | -10.7% |
| Suppliers | 440/4 | €4,799,437 | €4,284,558 | -€514,878 | -10.7% |
| Advances received on contracts in progress | 46 | €454,165 | €2,835,017 | +€2.4m | +524.2% |
| Taxes, remuneration and social security | 45 | €1,880,772 | €1,869,343 | -€11,429 | -0.6% |
| Taxes | 450/3 | €1,878,893 | €1,869,343 | -€9,549 | -0.5% |
| Remuneration and social security | 454/9 | €1,879 | - | -€1,879 | |
| Other amounts payable | 47/48 | €786,639 | - | -€786,639 | |
| Accrued charges and deferred income | 492/3 | €260,197 | €294,702 | +€34,506 | +13.3% |
| Remuneration, social security and pensions | 62 | €13,071 | - | -€13,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,976 | €7,389 | -€4,587 | -38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,252 | -€923,100 | -€889,848 | -2676.1% |
| Other operating charges | 640/8 | €8,215 | €935,951 | +€927,737 | +11293.5% |
| Gross operating margin | 9900 | -€5,185,173 | €390,388 | +€5.6m | |
| Operating profit (loss) | 9901 | -€5,185,183 | €370,147 | +€5.6m | |
| Financial income | 75/76B | €160,329 | €2,332,625 | +€2.2m | +1354.9% |
| Recurring financial income | 75 | €160,329 | €1,420 | -€158,909 | -99.1% |
| Non-recurring financial income | 76B | - | €2,331,205 | +€2.3m | |
| Financial charges | 65/66B | €166,007 | €2,756,339 | +€2.6m | +1560.4% |
| Recurring financial charges | 65 | €166,007 | €391,034 | +€225,027 | +135.6% |
| Non-recurring financial charges | 66B | - | €2,365,305 | +€2.4m | |
| Profit (loss) for the period before taxes | 9903 | -€5,190,860 | -€53,566 | +€5.1m | +99.0% |
| Income taxes | 67/77 | €2,197 | -€661 | -€2,858 | |
| Profit (loss) for the period | 9904 | -€5,193,057 | -€52,905 | +€5.1m | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,193,057 | -€52,905 | +€5.1m | +99.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.