MUNSTER: 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.
MUNSTER
Largest movements
- Receivables within one year +€3,205
up €3,205, from €0 to €3,205
of which Other amounts receivable: +€3,205
- Tangible fixed assets -€489
down €489 (-5.0%), from €9,810 to €9,322
of which Land and buildings: -€252
- Profit (loss) carried forward +€6,832
up €6,832, from -€2,084 to €4,748
- Debts after one year -€5,940
no longer reported in 2025 (was €5,940)
- Tax, wage and social debts +€1,779
new in 2025: €1,779
- Gross operating margin +€4,289
up €4,289 (+70.8%), from €6,058 to €10,348
- Taxes +€1,779
new in 2025: €1,779
- Financial charges -€110
down €110 (-70.9%), from €155 to €45
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 | €10,105 | €12,777 | +€2,672 | +26.4% |
| Fixed assets | 21/28 | €9,810 | €9,322 | -€489 | -5.0% |
| Tangible fixed assets | 22/27 | €9,810 | €9,322 | -€489 | -5.0% |
| Land and buildings | 22 | €9,503 | €9,251 | -€252 | -2.7% |
| Furniture and vehicles | 24 | €307 | €71 | -€237 | -77.0% |
| Current assets | 29/58 | €295 | €3,455 | +€3,160 | +1071.8% |
| Amounts receivable within one year | 40/41 | €0 | €3,205 | +€3,205 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €3,205 | +€3,205 | |
| Cash at bank and in hand | 54/58 | €295 | €250 | -€45 | -15.3% |
| Total equity and liabilities | 10/49 | €10,105 | €12,777 | +€2,672 | +26.4% |
| Equity | 10/15 | €4,166 | €10,998 | +€6,832 | +164.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | €6,250 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,084 | €4,748 | +€6,832 | |
| Amounts payable | 17/49 | €5,940 | €1,779 | -€4,160 | -70.0% |
| Amounts payable after more than one year | 17 | €5,940 | - | -€5,940 | |
| Financial debts | 170/4 | €5,940 | - | -€5,940 | |
| Amounts payable within one year | 42/48 | €0 | €1,779 | +€1,779 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €1,779 | +€1,779 | |
| Taxes | 450/3 | - | €1,779 | +€1,779 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €489 | -€73 | -13.0% |
| Other operating charges | 640/8 | €1,166 | €1,203 | +€37 | +3.2% |
| Gross operating margin | 9900 | €6,058 | €10,348 | +€4,289 | +70.8% |
| Operating profit (loss) | 9901 | €4,331 | €8,657 | +€4,325 | +99.9% |
| Financial charges | 65/66B | €155 | €45 | -€110 | -70.9% |
| Recurring financial charges | 65 | €155 | €45 | -€110 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €4,177 | €8,612 | +€4,435 | +106.2% |
| Income taxes | 67/77 | - | €1,779 | +€1,779 | |
| Profit (loss) for the period | 9904 | €4,177 | €6,832 | +€2,656 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,177 | €6,832 | +€2,656 | +63.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.