MUNKEDOORN: 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.
MUNKEDOORN
Largest movements
- Stocks and contracts -€184,567
down €184,567 (-32.4%), from €570,524 to €385,958
- Debts after one year -€125,000
down €125,000 (-100%), from €125,000 to €0
- Other debts -€36,185
down €36,185 (-10.9%), from €331,254 to €295,069
- Profit (loss) carried forward -€17,475
down €17,475 (-37.1%), from -€47,154 to -€64,629
- Financial charges -€2,773
down €2,773 (-16.7%), from €16,559 to €13,787
- Gross operating margin -€551
down €551 (-15.0%), from -€3,670 to -€4,221
- Financial income -€380
down €380 (-26.4%), from €1,440 to €1,061
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 | €610,408 | €430,458 | -€179,950 | -29.5% |
| Fixed assets | 21/28 | €4,093 | €4,093 | = | 0.0% |
| Financial fixed assets | 28 | €4,093 | €4,093 | = | 0.0% |
| Current assets | 29/58 | €606,315 | €426,365 | -€179,950 | -29.7% |
| Stocks and contracts in progress | 3 | €570,524 | €385,958 | -€184,567 | -32.4% |
| Stocks | 30/36 | €570,524 | €385,958 | -€184,567 | -32.4% |
| Amounts receivable within one year | 40/41 | €35,352 | €36,413 | +€1,061 | +3.0% |
| Other amounts receivable | 41 | €35,352 | €36,413 | +€1,061 | +3.0% |
| Cash at bank and in hand | 54/58 | €438 | €3,994 | +€3,556 | +811% |
| Total equity and liabilities | 10/49 | €610,408 | €430,458 | -€179,950 | -29.5% |
| Equity | 10/15 | €152,846 | €135,371 | -€17,475 | -11.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,154 | -€64,629 | -€17,475 | -37.1% |
| Amounts payable | 17/49 | €457,562 | €295,087 | -€162,475 | -35.5% |
| Amounts payable after more than one year | 17 | €125,000 | €0 | -€125,000 | -100% |
| Financial debts | 170/4 | €125,000 | €0 | -€125,000 | -100% |
| Amounts payable within one year | 42/48 | €331,648 | €295,069 | -€36,578 | -11.0% |
| Trade debts | 44 | €393 | €0 | -€393 | -100% |
| Suppliers | 440/4 | €393 | €0 | -€393 | -100% |
| Other amounts payable | 47/48 | €331,254 | €295,069 | -€36,185 | -10.9% |
| Accrued charges and deferred income | 492/3 | €915 | €17 | -€897 | -98.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,670 | -€4,221 | -€551 | -15.0% |
| Operating profit (loss) | 9901 | -€4,184 | -€4,749 | -€565 | -13.5% |
| Financial income | 75/76B | €1,440 | €1,061 | -€380 | -26.4% |
| Recurring financial income | 75 | €1,440 | €1,061 | -€380 | -26.4% |
| Financial charges | 65/66B | €16,559 | €13,787 | -€2,773 | -16.7% |
| Recurring financial charges | 65 | €16,559 | €13,787 | -€2,773 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,302 | -€17,475 | +€1,828 | +9.5% |
| Profit (loss) for the period | 9904 | -€19,302 | -€17,475 | +€1,828 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,302 | -€17,475 | +€1,828 | +9.5% |
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 22 October 2026 via checked.be.