MUNTERS & BOSTANCI: 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.
MUNTERS & BOSTANCI
Largest movements
- Receivables within one year +€49,416
up €49,416 (+1,163%), from €4,250 to €53,667
of which Trade receivables: +€48,934
- Stocks and contracts -€47,852
down €47,852 (-30.7%), from €155,937 to €108,084
- Cash +€26,360
up €26,360 (+155%), from €16,974 to €43,335
mainly Stocks and contracts (+€47,852) and Trade debts (+€25,726)
- Trade debts +€25,726
up €25,726 (+6,456%), from €399 to €26,125
- Profit (loss) carried forward +€17,716
up €17,716 (+26.7%), from -€66,375 to -€48,659
- Other debts -€15,780
down €15,780 (-8.5%), from €185,779 to €169,999
- Gross operating margin -€4,778
down €4,778 (-17.8%), from €26,808 to €22,029
- Financial charges +€632
up €632 (+27.3%), from €2,318 to €2,949
- Financial income +€583
up €583 (+82.4%), from €708 to €1,291
- Other operating charges +€324
up €324 (+53.2%), from €609 to €933
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 | €184,678 | €211,569 | +€26,891 | +14.6% |
| Fixed assets | 21/28 | €2,347 | €764 | -€1,583 | -67.5% |
| Intangible fixed assets | 21 | €2,347 | €764 | -€1,583 | -67.5% |
| Current assets | 29/58 | €182,331 | €210,805 | +€28,475 | +15.6% |
| Stocks and contracts in progress | 3 | €155,937 | €108,084 | -€47,852 | -30.7% |
| Stocks | 30/36 | €155,937 | €108,084 | -€47,852 | -30.7% |
| Amounts receivable within one year | 40/41 | €4,250 | €53,667 | +€49,416 | +1,163% |
| Trade receivables | 40 | €3,250 | €52,184 | +€48,934 | +1,506% |
| Other amounts receivable | 41 | €1,000 | €1,483 | +€483 | +48.3% |
| Cash at bank and in hand | 54/58 | €16,974 | €43,335 | +€26,360 | +155% |
| Deferred charges and accrued income | 490/1 | €5,170 | €5,720 | +€550 | +10.6% |
| Total equity and liabilities | 10/49 | €184,678 | €211,569 | +€26,891 | +14.6% |
| Equity | 10/15 | -€45,031 | -€27,949 | +€17,083 | +37.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,375 | -€48,659 | +€17,716 | +26.7% |
| Investment grants | 15 | €939 | €305 | -€633 | -67.5% |
| Provisions and deferred taxes | 16 | €235 | €76 | -€158 | -67.5% |
| Deferred taxes | 168 | €235 | €76 | -€158 | -67.5% |
| Amounts payable | 17/49 | €229,474 | €239,441 | +€9,967 | +4.3% |
| Amounts payable after more than one year | 17 | €34,000 | €32,500 | -€1,500 | -4.4% |
| Other amounts payable | 178/9 | €34,000 | €32,500 | -€1,500 | -4.4% |
| Amounts payable within one year | 42/48 | €195,253 | €206,931 | +€11,678 | +6.0% |
| Trade debts | 44 | €399 | €26,125 | +€25,726 | +6,456% |
| Suppliers | 440/4 | €399 | €26,125 | +€25,726 | +6,456% |
| Taxes, remuneration and social security | 45 | €9,076 | €10,807 | +€1,731 | +19.1% |
| Taxes | 450/3 | €9,076 | €10,807 | +€1,731 | +19.1% |
| Other amounts payable | 47/48 | €185,779 | €169,999 | -€15,780 | -8.5% |
| Accrued charges and deferred income | 492/3 | €221 | €10 | -€211 | -95.4% |
| Non-recurring operating income | 76A | €1,472 | €0 | -€1,472 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €1,583 | +€0 | 0.0% |
| Other operating charges | 640/8 | €609 | €933 | +€324 | +53.2% |
| Gross operating margin | 9900 | €26,808 | €22,029 | -€4,778 | -17.8% |
| Operating profit (loss) | 9901 | €24,616 | €19,513 | -€5,102 | -20.7% |
| Financial income | 75/76B | €708 | €1,291 | +€583 | +82.4% |
| Recurring financial income | 75 | €708 | €1,291 | +€583 | +82.4% |
| Financial charges | 65/66B | €2,318 | €2,949 | +€632 | +27.3% |
| Recurring financial charges | 65 | €2,318 | €2,949 | +€632 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €23,006 | €17,855 | -€5,151 | -22.4% |
| Transfer from deferred taxes | 780 | €158 | €158 | +€0 | 0.0% |
| Income taxes | 67/77 | €286 | €297 | +€11 | +3.9% |
| Profit (loss) for the period | 9904 | €22,878 | €17,716 | -€5,162 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,878 | €17,716 | -€5,162 | -22.6% |
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 28 October 2026 via checked.be.