Munio: 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.
Munio
Largest movements
- Cash +€35,632
up €35,632 (+156.8%), from €22,729 to €58,360
mainly Depreciation (+€70,349) and Net result for the year (+€56,888)
- Receivables within one year -€19,676
down €19,676 (-27.5%), from €71,542 to €51,867
of which Other amounts receivable: -€37,723
- Tangible fixed assets +€15,790
up €15,790 (+8.6%), from €184,242 to €200,032
of which Furniture and vehicles: +€38,922
- Reserves +€56,888
up €56,888 (+21.3%), from €267,190 to €324,078
- Debts after one year -€52,426
down €52,426 (-37.2%), from €140,870 to €88,444
- Other debts +€26,694
up €26,694 (+5.2%), from €513,831 to €540,525
- Tax, wage and social debts +€21,412
up €21,412 (+403.7%), from €5,303 to €26,716
- Gross operating margin +€32,643
up €32,643 (+23.0%), from €141,717 to €174,360
- Depreciation +€25,122
up €25,122 (+55.5%), from €45,227 to €70,349
- Financial income -€23,999
down €23,999 (-100.0%), from €24,001 to €2
- Other operating charges -€5,341
down €5,341 (-80.5%), from €6,633 to €1,292
- Financial charges +€3,889
up €3,889 (+17.4%), from €22,346 to €26,235
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 | €1,282,151 | €1,333,396 | +€51,246 | +4.0% |
| Fixed assets | 21/28 | €1,095,710 | €1,119,000 | +€23,290 | +2.1% |
| Tangible fixed assets | 22/27 | €184,242 | €200,032 | +€15,790 | +8.6% |
| Land and buildings | 22 | €30,500 | €30,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €153,742 | €130,610 | -€23,132 | -15.0% |
| Furniture and vehicles | 24 | - | €38,922 | +€38,922 | |
| Financial fixed assets | 28 | €911,468 | €918,968 | +€7,500 | +0.8% |
| Current assets | 29/58 | €186,441 | €214,397 | +€27,956 | +15.0% |
| Amounts receivable within one year | 40/41 | €71,542 | €51,867 | -€19,676 | -27.5% |
| Trade receivables | 40 | €20,642 | €38,689 | +€18,047 | +87.4% |
| Other amounts receivable | 41 | €50,900 | €13,177 | -€37,723 | -74.1% |
| Current investments | 50/53 | €92,170 | €104,170 | +€12,000 | +13.0% |
| Cash at bank and in hand | 54/58 | €22,729 | €58,360 | +€35,632 | +156.8% |
| Total equity and liabilities | 10/49 | €1,282,151 | €1,333,396 | +€51,246 | +4.0% |
| Equity | 10/15 | €567,190 | €624,078 | +€56,888 | +10.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €267,190 | €324,078 | +€56,888 | +21.3% |
| Distributable reserves | 133 | €267,190 | €324,078 | +€56,888 | +21.3% |
| Amounts payable | 17/49 | €714,961 | €709,318 | -€5,642 | -0.8% |
| Amounts payable after more than one year | 17 | €140,870 | €88,444 | -€52,426 | -37.2% |
| Financial debts | 170/4 | €140,870 | €88,444 | -€52,426 | -37.2% |
| Amounts payable within one year | 42/48 | €574,090 | €620,874 | +€46,784 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €53,869 | €52,426 | -€1,443 | -2.7% |
| Trade debts | 44 | €1,088 | €1,208 | +€120 | +11.1% |
| Suppliers | 440/4 | €1,088 | €1,208 | +€120 | +11.1% |
| Taxes, remuneration and social security | 45 | €5,303 | €26,716 | +€21,412 | +403.7% |
| Taxes | 450/3 | €5,303 | €26,716 | +€21,412 | +403.7% |
| Other amounts payable | 47/48 | €513,831 | €540,525 | +€26,694 | +5.2% |
| Non-recurring operating income | 76A | - | €6,393 | +€6,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,227 | €70,349 | +€25,122 | +55.5% |
| Other operating charges | 640/8 | €6,633 | €1,292 | -€5,341 | -80.5% |
| Gross operating margin | 9900 | €141,717 | €174,360 | +€32,643 | +23.0% |
| Operating profit (loss) | 9901 | €89,858 | €102,719 | +€12,861 | +14.3% |
| Financial income | 75/76B | €24,001 | €2 | -€23,999 | -100.0% |
| Recurring financial income | 75 | €24,001 | €2 | -€23,999 | -100.0% |
| Financial charges | 65/66B | €22,346 | €26,235 | +€3,889 | +17.4% |
| Recurring financial charges | 65 | €22,346 | €26,235 | +€3,889 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €91,513 | €76,486 | -€15,027 | -16.4% |
| Income taxes | 67/77 | €16,071 | €19,598 | +€3,527 | +21.9% |
| Profit (loss) for the period | 9904 | €75,442 | €56,888 | -€18,554 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,442 | €56,888 | -€18,554 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.