Muntpunt: what changed
What changed
Muntpunt
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€4,053
2024 · €62,624-€66,677
Equity
€2.1m
2024 · €2.1m+€47,898
Cash
€731,138
2024 · €227,297+€503,841
Balance sheet total
€3.2m
2024 · €3.2m+€6,429
Largest movements
Assets
- Current investments -€1.3m
down €1.3m (-62.5%), from €2.0m to €750,000
- Tangible fixed assets +€952,478
up €952,478 (+273%), from €348,442 to €1.3m
of which Other tangible fixed assets: +€947,341
- Cash +€503,841
up €503,841 (+222%), from €227,297 to €731,138
mainly Current investments (+€1.3m) and Depreciation (+€335,863)
- Receivables within one year -€212,734
down €212,734 (-49.7%), from €427,800 to €215,066
of which Other amounts receivable: -€192,916
- Deferred charges and accrued income +€52,278
up €52,278 (+156%), from €33,487 to €85,765
Equity and liabilities
- Debts within one year +€118,990
up €118,990 (+17.1%), from €695,622 to €814,612
of which Trade debts: +€96,207
- Accrued charges and deferred income -€102,126
down €102,126 (-37.4%), from €272,782 to €170,656
- Provisions -€58,333
down €58,333 (-44.0%), from €132,500 to €74,167
- Investment grants +€51,951
up €51,951 (+4.0%), from €1.3m to €1.3m
Income statement
- Depreciation +€147,069
up €147,069 (+77.9%), from €188,794 to €335,863
- Gross operating margin +€144,924
up €144,924 (+3.5%), from €4.2m to €4.3m
- Staff costs +€72,843
up €72,843 (+1.8%), from €4.0m to €4.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,624
Gross operating margin
+€144,924
Staff costs
-€72,843
Depreciation
-€147,069
Other operating charges
-€1,136
Other operating items
+€13,892
Financial income
-€6,032
Financial charges
-€32
Taxes
+€1,619
Result 2025
-€4,053
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€450,797
Investment
+€1,092
Financing
+€51,951
Cash 2024
€227,297
From operations (derived)
+€450,797
Net result for the year
-€4,053
Depreciation
+€335,863
Receivables within one year
+€212,734
Deferred charges and accrued income
-€52,278
Provisions
-€58,333
Debts within one year
+€118,990
Accrued charges and deferred income
-€102,126
Investment (derived)
+€1,092
Investment in fixed assets (net)
-€1.2m
Current investments
+€1.3m
Financing
+€51,951
Contributions, distributions and other
+€51,951
Cash 2025
€731,138
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,186,749 | €3,193,179 | +€6,429 | +0.2% |
| Fixed assets | 21/28 | €498,165 | €1,411,210 | +€913,045 | +183% |
| Intangible fixed assets | 21 | €149,377 | €109,944 | -€39,433 | -26.4% |
| Tangible fixed assets | 22/27 | €348,442 | €1,300,919 | +€952,478 | +273% |
| Plant, machinery and equipment | 23 | €136,165 | €137,306 | +€1,141 | +0.8% |
| Furniture and vehicles | 24 | €37,438 | €59,197 | +€21,759 | +58.1% |
| Other tangible fixed assets | 26 | €157,075 | €1,104,416 | +€947,341 | +603% |
| Assets under construction and advance payments | 27 | €17,764 | €0 | -€17,764 | -100% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €2,688,584 | €1,781,969 | -€906,615 | -33.7% |
| Amounts receivable within one year | 40/41 | €427,800 | €215,066 | -€212,734 | -49.7% |
| Trade receivables | 40 | €57,546 | €37,728 | -€19,819 | -34.4% |
| Other amounts receivable | 41 | €370,254 | €177,338 | -€192,916 | -52.1% |
| Current investments | 50/53 | €2,000,000 | €750,000 | -€1.3m | -62.5% |
| Cash at bank and in hand | 54/58 | €227,297 | €731,138 | +€503,841 | +222% |
| Deferred charges and accrued income | 490/1 | €33,487 | €85,765 | +€52,278 | +156% |
| Total equity and liabilities | 10/49 | €3,186,749 | €3,193,179 | +€6,429 | +0.2% |
| Equity | 10/15 | €2,085,846 | €2,133,744 | +€47,898 | +2.3% |
| Reserves | 13 | €431,299 | €431,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,790 | €367,737 | -€4,053 | -1.1% |
| Investment grants | 15 | €1,282,757 | €1,334,708 | +€51,951 | +4.0% |
| Provisions and deferred taxes | 16 | €132,500 | €74,167 | -€58,333 | -44.0% |
| Provisions for liabilities and charges | 160/5 | €132,500 | €74,167 | -€58,333 | -44.0% |
| Other liabilities and charges | 164/5 | €132,500 | €74,167 | -€58,333 | -44.0% |
| Amounts payable | 17/49 | €968,404 | €985,268 | +€16,864 | +1.7% |
| Amounts payable within one year | 42/48 | €695,622 | €814,612 | +€118,990 | +17.1% |
| Trade debts | 44 | €252,576 | €348,783 | +€96,207 | +38.1% |
| Suppliers | 440/4 | €252,576 | €348,783 | +€96,207 | +38.1% |
| Taxes, remuneration and social security | 45 | €436,432 | €457,650 | +€21,218 | +4.9% |
| Taxes | 450/3 | €32,322 | €21,847 | -€10,476 | -32.4% |
| Remuneration and social security | 454/9 | €404,110 | €435,803 | +€31,693 | +7.8% |
| Accrued charges and deferred income | 492/3 | €272,782 | €170,656 | -€102,126 | -37.4% |
| Remuneration, social security and pensions | 62 | €3,976,878 | €4,049,722 | +€72,843 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,794 | €335,863 | +€147,069 | +77.9% |
| Other operating charges | 640/8 | €1,650 | €2,786 | +€1,136 | +68.9% |
| Non-recurring operating charges | 66A | - | €3,608 | +€3,608 | |
| Gross operating margin | 9900 | €4,153,688 | €4,298,612 | +€144,924 | +3.5% |
| Operating profit (loss) | 9901 | €27,198 | -€35,034 | -€62,232 | |
| Financial income | 75/76B | €52,710 | €46,677 | -€6,032 | -11.4% |
| Recurring financial income | 75 | €52,710 | €46,677 | -€6,032 | -11.4% |
| Financial charges | 65/66B | €1,662 | €1,694 | +€32 | +1.9% |
| Recurring financial charges | 65 | €1,662 | €1,694 | +€32 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €78,246 | €9,950 | -€68,296 | -87.3% |
| Income taxes | 67/77 | €15,623 | €14,003 | -€1,619 | -10.4% |
| Profit (loss) for the period | 9904 | €62,624 | -€4,053 | -€66,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,624 | -€4,053 | -€66,677 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.