Munt40: 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.
Munt40
Largest movements
- Tangible fixed assets -€97,577
down €97,577 (-4.8%), from €2.1m to €2.0m
- Debts after one year -€83,413
down €83,413 (-4.5%), from €1.9m to €1.8m
- Profit (loss) carried forward -€25,160
down €25,160 (-23.5%), from -€106,982 to -€132,141
- Gross operating margin -€5,344
down €5,344 (-4.1%), from €131,958 to €126,613
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 | €2,104,090 | €1,995,742 | -€108,348 | -5.1% |
| Fixed assets | 21/28 | €2,053,277 | €1,955,700 | -€97,577 | -4.8% |
| Tangible fixed assets | 22/27 | €2,053,277 | €1,955,700 | -€97,577 | -4.8% |
| Land and buildings | 22 | €2,053,277 | €1,955,700 | -€97,577 | -4.8% |
| Current assets | 29/58 | €50,813 | €40,042 | -€10,771 | -21.2% |
| Cash at bank and in hand | 54/58 | €49,051 | €33,774 | -€15,277 | -31.1% |
| Deferred charges and accrued income | 490/1 | €1,762 | €6,268 | +€4,506 | +256% |
| Total equity and liabilities | 10/49 | €2,104,090 | €1,995,742 | -€108,348 | -5.1% |
| Equity | 10/15 | €163,018 | €137,859 | -€25,160 | -15.4% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,982 | -€132,141 | -€25,160 | -23.5% |
| Amounts payable | 17/49 | €1,941,072 | €1,857,884 | -€83,188 | -4.3% |
| Amounts payable after more than one year | 17 | €1,856,709 | €1,773,296 | -€83,413 | -4.5% |
| Financial debts | 170/4 | €1,856,709 | €1,773,296 | -€83,413 | -4.5% |
| Amounts payable within one year | 42/48 | €83,703 | €84,587 | +€884 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €81,766 | €83,413 | +€1,647 | +2.0% |
| Trade debts | 44 | €1,837 | €1,174 | -€662 | -36.1% |
| Suppliers | 440/4 | €1,837 | €1,174 | -€662 | -36.1% |
| Other amounts payable | 47/48 | €100 | €0 | -€100 | -100% |
| Accrued charges and deferred income | 492/3 | €660 | €0 | -€660 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,577 | €97,577 | = | 0.0% |
| Other operating charges | 640/8 | €9,443 | €9,719 | +€276 | +2.9% |
| Gross operating margin | 9900 | €131,958 | €126,613 | -€5,344 | -4.1% |
| Operating profit (loss) | 9901 | €24,938 | €19,317 | -€5,620 | -22.5% |
| Financial charges | 65/66B | €43,703 | €44,477 | +€774 | +1.8% |
| Recurring financial charges | 65 | €43,703 | €44,477 | +€774 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,766 | -€25,160 | -€6,394 | -34.1% |
| Profit (loss) for the period | 9904 | -€18,766 | -€25,160 | -€6,394 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,766 | -€25,160 | -€6,394 | -34.1% |
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 14 October 2026 via checked.be.