MUNITA: 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.
MUNITA
Largest movements
- Cash -€18,816
down €18,816 (-42.0%), from €44,761 to €25,944
mainly Other debts (-€15,712) and Contributions, distributions and other (-€4,500)
- Receivables within one year +€2,566
up €2,566 (+592%), from €434 to €3,000
of which Other amounts receivable: +€2,566
- Tangible fixed assets -€2,063
down €2,063 (-52.3%), from €3,943 to €1,880
of which Plant, machinery and equipment: -€1,348
- Stocks and contracts +€1,486
up €1,486 (+40.8%), from €3,642 to €5,128
- Intangible fixed assets -€690
down €690 (-27.9%), from €2,473 to €1,783
- Other debts -€15,712
down €15,712 (-78.6%), from €19,987 to €4,275
- Reserves -€4,500
down €4,500 (-100%), from €4,500 to €0
- Tax, wage and social debts +€2,756
up €2,756 (+35.6%), from €7,732 to €10,487
of which Taxes: +€2,713
- Financial charges +€46,565
up €46,565 (+12,346%), from €377 to €46,942
- Gross operating margin +€39,992
up €39,992 (+140%), from €28,526 to €68,517
- Staff costs +€4,021
up €4,021 (+35.9%), from €11,192 to €15,213
- Taxes -€1,854
down €1,854 (-57.3%), from €3,235 to €1,381
- Other operating charges +€872
up €872 (+63.7%), from €1,370 to €2,242
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 | €57,595 | €40,195 | -€17,400 | -30.2% |
| Fixed assets | 21/28 | €7,675 | €4,922 | -€2,753 | -35.9% |
| Intangible fixed assets | 21 | €2,473 | €1,783 | -€690 | -27.9% |
| Tangible fixed assets | 22/27 | €3,943 | €1,880 | -€2,063 | -52.3% |
| Plant, machinery and equipment | 23 | €2,191 | €843 | -€1,348 | -61.5% |
| Furniture and vehicles | 24 | €1,752 | €1,036 | -€715 | -40.8% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €49,920 | €35,273 | -€14,647 | -29.3% |
| Stocks and contracts in progress | 3 | €3,642 | €5,128 | +€1,486 | +40.8% |
| Stocks | 30/36 | €3,642 | €5,128 | +€1,486 | +40.8% |
| Amounts receivable within one year | 40/41 | €434 | €3,000 | +€2,566 | +592% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €434 | €3,000 | +€2,566 | +592% |
| Cash at bank and in hand | 54/58 | €44,761 | €25,944 | -€18,816 | -42.0% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,201 | +€117 | +10.8% |
| Total equity and liabilities | 10/49 | €57,595 | €40,195 | -€17,400 | -30.2% |
| Equity | 10/15 | €27,114 | €22,600 | -€4,514 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,500 | €0 | -€4,500 | -100% |
| Distributable reserves | 133 | €4,500 | €0 | -€4,500 | -100% |
| Profit (loss) carried forward | 14 | €4,014 | €4,000 | -€14 | -0.3% |
| Amounts payable | 17/49 | €30,482 | €17,596 | -€12,886 | -42.3% |
| Amounts payable within one year | 42/48 | €30,295 | €17,306 | -€12,989 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,576 | €2,544 | -€33 | -1.3% |
| Suppliers | 440/4 | €2,576 | €2,544 | -€33 | -1.3% |
| Taxes, remuneration and social security | 45 | €7,732 | €10,487 | +€2,756 | +35.6% |
| Taxes | 450/3 | €2,481 | €5,194 | +€2,713 | +109% |
| Remuneration and social security | 454/9 | €5,251 | €5,294 | +€43 | +0.8% |
| Other amounts payable | 47/48 | €19,987 | €4,275 | -€15,712 | -78.6% |
| Accrued charges and deferred income | 492/3 | €187 | €290 | +€103 | +55.1% |
| Remuneration, social security and pensions | 62 | €11,192 | €15,213 | +€4,021 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,835 | €2,753 | -€82 | -2.9% |
| Other operating charges | 640/8 | €1,370 | €2,242 | +€872 | +63.7% |
| Gross operating margin | 9900 | €28,526 | €68,517 | +€39,992 | +140% |
| Operating profit (loss) | 9901 | €13,128 | €48,309 | +€35,181 | +268% |
| Financial income | 75/76B | €1 | €1 | -€0 | -18.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -18.0% |
| Financial charges | 65/66B | €377 | €46,942 | +€46,565 | +12,346% |
| Recurring financial charges | 65 | €377 | €46,942 | +€46,565 | +12,346% |
| Profit (loss) for the period before taxes | 9903 | €12,752 | €1,367 | -€11,384 | -89.3% |
| Income taxes | 67/77 | €3,235 | €1,381 | -€1,854 | -57.3% |
| Profit (loss) for the period | 9904 | €9,517 | -€14 | -€9,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,517 | -€14 | -€9,530 |
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 15 October 2026 via checked.be.