MUNTBAR: 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.
MUNTBAR
Largest movements
- Receivables within one year -€35,195
down €35,195 (-98.1%), from €35,880 to €684
of which Other amounts receivable: -€30,154
- Tangible fixed assets +€14,684
up €14,684 (+298.4%), from €4,920 to €19,604
of which Furniture and vehicles: +€8,370
- Cash +€11,856
up €11,856 (+395.9%), from €2,994 to €14,850
mainly Receivables within one year (+€35,195) and Other debts (+€29,316)
- Stocks and contracts +€9,744
up €9,744 (+536.8%), from €1,815 to €11,559
- Intangible fixed assets +€8,370
new in 2024: €8,370
- Other debts +€29,316
up €29,316 (+806.7%), from €3,634 to €32,950
- Tax, wage and social debts -€17,262
down €17,262 (-59.5%), from €29,000 to €11,738
of which Remuneration and social security: -€11,815
- Short-term financial debts -€7,001
no longer reported in 2024 (was €7,001)
- Trade debts +€2,161
up €2,161 (+40.2%), from €5,379 to €7,540
- Profit (loss) carried forward +€1,899
up €1,899 (+7.1%), from -€26,631 to -€24,733
- Staff costs -€61,589
down €61,589 (-45.4%), from €135,637 to €74,048
- Gross operating margin -€56,200
down €56,200 (-39.2%), from €143,464 to €87,264
- Other operating charges +€6,146
up €6,146 (+988.6%), from €622 to €6,768
- Financial charges +€1,986
up €1,986, from -€593 to €1,393
- Depreciation +€1,565
up €1,565 (+96.2%), from €1,626 to €3,191
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,382 | €60,494 | +€9,112 | +17.7% |
| Fixed assets | 21/28 | €10,368 | €32,975 | +€22,606 | +218.0% |
| Intangible fixed assets | 21 | - | €8,370 | +€8,370 | |
| Tangible fixed assets | 22/27 | €4,920 | €19,604 | +€14,684 | +298.4% |
| Land and buildings | 22 | €3,818 | €2,863 | -€954 | -25.0% |
| Plant, machinery and equipment | 23 | €917 | - | -€917 | |
| Furniture and vehicles | 24 | - | €8,370 | +€8,370 | |
| Other tangible fixed assets | 26 | €186 | €8,370 | +€8,185 | +4402.2% |
| Financial fixed assets | 28 | €5,448 | €5,000 | -€448 | -8.2% |
| Current assets | 29/58 | €41,014 | €27,520 | -€13,494 | -32.9% |
| Stocks and contracts in progress | 3 | €1,815 | €11,559 | +€9,744 | +536.8% |
| Stocks | 30/36 | €1,815 | €11,559 | +€9,744 | +536.8% |
| Amounts receivable within one year | 40/41 | €35,880 | €684 | -€35,195 | -98.1% |
| Trade receivables | 40 | €5,725 | €684 | -€5,041 | -88.0% |
| Other amounts receivable | 41 | €30,154 | - | -€30,154 | |
| Cash at bank and in hand | 54/58 | €2,994 | €14,850 | +€11,856 | +395.9% |
| Deferred charges and accrued income | 490/1 | €325 | €426 | +€101 | +31.2% |
| Total equity and liabilities | 10/49 | €51,382 | €60,494 | +€9,112 | +17.7% |
| Equity | 10/15 | €6,369 | €8,267 | +€1,899 | +29.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,631 | -€24,733 | +€1,899 | +7.1% |
| Amounts payable | 17/49 | €45,014 | €52,227 | +€7,213 | +16.0% |
| Amounts payable within one year | 42/48 | €45,014 | €52,227 | +€7,213 | +16.0% |
| Financial debts | 43 | €7,001 | - | -€7,001 | |
| Credit institutions | 430/8 | €7,001 | - | -€7,001 | |
| Trade debts | 44 | €5,379 | €7,540 | +€2,161 | +40.2% |
| Suppliers | 440/4 | €5,379 | €7,540 | +€2,161 | +40.2% |
| Taxes, remuneration and social security | 45 | €29,000 | €11,738 | -€17,262 | -59.5% |
| Taxes | 450/3 | €8,847 | €3,400 | -€5,447 | -61.6% |
| Remuneration and social security | 454/9 | €20,153 | €8,337 | -€11,815 | -58.6% |
| Other amounts payable | 47/48 | €3,634 | €32,950 | +€29,316 | +806.7% |
| Remuneration, social security and pensions | 62 | €135,637 | €74,048 | -€61,589 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,626 | €3,191 | +€1,565 | +96.2% |
| Other operating charges | 640/8 | €622 | €6,768 | +€6,146 | +988.6% |
| Gross operating margin | 9900 | €143,464 | €87,264 | -€56,200 | -39.2% |
| Operating profit (loss) | 9901 | €5,579 | €3,258 | -€2,322 | -41.6% |
| Financial income | 75/76B | €684 | €34 | -€650 | -95.1% |
| Recurring financial income | 75 | €684 | €34 | -€650 | -95.1% |
| Financial charges | 65/66B | -€593 | €1,393 | +€1,986 | |
| Recurring financial charges | 65 | -€593 | €1,393 | +€1,986 | |
| Profit (loss) for the period before taxes | 9903 | €6,856 | €1,899 | -€4,958 | -72.3% |
| Profit (loss) for the period | 9904 | €6,856 | €1,899 | -€4,958 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,856 | €1,899 | -€4,958 | -72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.