Munio Invest: 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.
Munio Invest
Largest movements
- Stocks and contracts +€590,251
up €590,251 (+75.6%), from €780,792 to €1.4m
- Cash +€68,960
up €68,960 (+211%), from €32,641 to €101,600
mainly Debts after one year (+€398,875) and Other debts (+€225,000)
- Receivables within one year -€37,228
no longer reported in 2025 (was €37,228)
- Debts after one year +€398,875
up €398,875 (+46.5%), from €857,625 to €1.3m
- Other debts +€225,000
up €225,000 (+4,444%), from €5,063 to €230,063
- Gross operating margin +€49,031
up €49,031, from -€7,117 to €41,914
- Financial charges +€32,168
up €32,168 (+337%), from €9,539 to €41,707
- Depreciation -€876
down €876 (-80.0%), from €1,095 to €219
- Other operating charges -€608
down €608 (-83.5%), from €728 to €120
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 | €850,879 | €1,472,644 | +€621,764 | +73.1% |
| Formation expenses | 20 | €219 | - | -€219 | |
| Current assets | 29/58 | €850,660 | €1,472,644 | +€621,983 | +73.1% |
| Stocks and contracts in progress | 3 | €780,792 | €1,371,044 | +€590,251 | +75.6% |
| Stocks | 30/36 | €780,792 | €1,371,044 | +€590,251 | +75.6% |
| Amounts receivable within one year | 40/41 | €37,228 | - | -€37,228 | |
| Trade receivables | 40 | €37,228 | - | -€37,228 | |
| Cash at bank and in hand | 54/58 | €32,641 | €101,600 | +€68,960 | +211% |
| Total equity and liabilities | 10/49 | €850,879 | €1,472,644 | +€621,764 | +73.1% |
| Equity | 10/15 | -€13,978 | -€13,919 | +€59 | +0.4% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,478 | -€18,419 | +€59 | +0.3% |
| Amounts payable | 17/49 | €864,857 | €1,486,563 | +€621,705 | +71.9% |
| Amounts payable after more than one year | 17 | €857,625 | €1,256,500 | +€398,875 | +46.5% |
| Financial debts | 170/4 | €857,625 | €1,256,500 | +€398,875 | +46.5% |
| Amounts payable within one year | 42/48 | €7,232 | €230,063 | +€222,830 | +3,081% |
| Taxes, remuneration and social security | 45 | €2,170 | - | -€2,170 | |
| Taxes | 450/3 | €2,170 | - | -€2,170 | |
| Other amounts payable | 47/48 | €5,063 | €230,063 | +€225,000 | +4,444% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €219 | -€876 | -80.0% |
| Other operating charges | 640/8 | €728 | €120 | -€608 | -83.5% |
| Gross operating margin | 9900 | -€7,117 | €41,914 | +€49,031 | |
| Operating profit (loss) | 9901 | -€8,939 | €41,575 | +€50,515 | |
| Financial income | 75/76B | - | €190 | +€190 | |
| Recurring financial income | 75 | - | €190 | +€190 | |
| Financial charges | 65/66B | €9,539 | €41,707 | +€32,168 | +337% |
| Recurring financial charges | 65 | €9,539 | €41,707 | +€32,168 | +337% |
| Profit (loss) for the period before taxes | 9903 | -€18,478 | €59 | +€18,537 | |
| Profit (loss) for the period | 9904 | -€18,478 | €59 | +€18,537 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,478 | €59 | +€18,537 |
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.