MUNNIN LABS: 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.
MUNNIN LABS
Largest movements
- Receivables within one year +€6,813
up €6,813 (+29.9%), from €22,810 to €29,623
of which Other amounts receivable: +€15,623
- Tangible fixed assets -€669
down €669 (-31.9%), from €2,096 to €1,428
- Tax, wage and social debts +€3,111
up €3,111 (+45.6%), from €6,821 to €9,932
- Profit (loss) carried forward +€2,215
up €2,215 (+15.1%), from €14,629 to €16,843
- Trade debts +€655
up €655 (+99.0%), from €661 to €1,316
- Gross operating margin -€17,635
down €17,635 (-80.0%), from €22,050 to €4,415
- Taxes -€2,866
down €2,866 (-68.3%), from €4,194 to €1,328
- Depreciation -€1,260
down €1,260 (-65.3%), from €1,928 to €669
- Financial income +€788
up €788 (+200.0%), from €394 to €1,182
- Financial charges -€234
down €234 (-14.7%), from €1,592 to €1,358
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 | €25,111 | €31,213 | +€6,102 | +24.3% |
| Fixed assets | 21/28 | €2,096 | €1,428 | -€669 | -31.9% |
| Tangible fixed assets | 22/27 | €2,096 | €1,428 | -€669 | -31.9% |
| Furniture and vehicles | 24 | €2,096 | €1,428 | -€669 | -31.9% |
| Current assets | 29/58 | €23,015 | €29,786 | +€6,771 | +29.4% |
| Amounts receivable within one year | 40/41 | €22,810 | €29,623 | +€6,813 | +29.9% |
| Trade receivables | 40 | €8,810 | - | -€8,810 | |
| Other amounts receivable | 41 | €14,000 | €29,623 | +€15,623 | +111.6% |
| Cash at bank and in hand | 54/58 | €204 | - | -€204 | |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €25,111 | €31,213 | +€6,102 | +24.3% |
| Equity | 10/15 | €17,629 | €19,843 | +€2,215 | +12.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,629 | €16,843 | +€2,215 | +15.1% |
| Amounts payable | 17/49 | €7,482 | €11,370 | +€3,888 | +52.0% |
| Amounts payable within one year | 42/48 | €7,482 | €11,370 | +€3,888 | +52.0% |
| Financial debts | 43 | - | €122 | +€122 | |
| Credit institutions | 430/8 | - | €122 | +€122 | |
| Trade debts | 44 | €661 | €1,316 | +€655 | +99.0% |
| Suppliers | 440/4 | €661 | €1,316 | +€655 | +99.0% |
| Taxes, remuneration and social security | 45 | €6,821 | €9,932 | +€3,111 | +45.6% |
| Taxes | 450/3 | €6,821 | €9,932 | +€3,111 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €669 | -€1,260 | -65.3% |
| Other operating charges | 640/8 | €100 | €27 | -€73 | -73.1% |
| Gross operating margin | 9900 | €22,050 | €4,415 | -€17,635 | -80.0% |
| Operating profit (loss) | 9901 | €20,021 | €3,719 | -€16,302 | -81.4% |
| Financial income | 75/76B | €394 | €1,182 | +€788 | +200.0% |
| Recurring financial income | 75 | €394 | €1,182 | +€788 | +200.0% |
| Financial charges | 65/66B | €1,592 | €1,358 | -€234 | -14.7% |
| Recurring financial charges | 65 | €1,592 | €1,358 | -€234 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €18,823 | €3,543 | -€15,280 | -81.2% |
| Income taxes | 67/77 | €4,194 | €1,328 | -€2,866 | -68.3% |
| Profit (loss) for the period | 9904 | €14,629 | €2,215 | -€12,414 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,629 | €2,215 | -€12,414 | -84.9% |
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 11 October 2026 via checked.be.