MUPA MANAGEMENT: 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.
MUPA MANAGEMENT
Largest movements
- Tangible fixed assets -€43,960
down €43,960 (-100%), from €43,960 to €0
of which Land and buildings: -€24,480
- Cash +€32,915
up €32,915, from €0 to €32,915
mainly Investment in fixed assets (net) (+€43,960) and Net result for the year (+€5,664)
- Receivables within one year -€5,065
down €5,065 (-38.7%), from €13,080 to €8,015
- Other debts -€19,217
down €19,217 (-76.1%), from €25,263 to €6,046
- Reserves +€3,998
up €3,998 (+18.7%), from €21,389 to €25,387
- Tax, wage and social debts -€831
down €831 (-9.4%), from €8,828 to €7,997
- Depreciation -€6,520
down €6,520 (-100%), from €6,520 to €0
- Gross operating margin +€1,941
up €1,941 (+6.2%), from €31,094 to €33,035
- Taxes -€1,845
down €1,845 (-33.4%), from €5,529 to €3,684
- Other operating charges +€412
up €412 (+37.2%), from €1,108 to €1,520
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 | €57,040 | €40,930 | -€16,110 | -28.2% |
| Fixed assets | 21/28 | €43,960 | €0 | -€43,960 | -100% |
| Tangible fixed assets | 22/27 | €43,960 | €0 | -€43,960 | -100% |
| Land and buildings | 22 | €24,480 | €0 | -€24,480 | -100% |
| Furniture and vehicles | 24 | €19,479 | €0 | -€19,479 | -100% |
| Current assets | 29/58 | €13,080 | €40,930 | +€27,850 | +213% |
| Amounts receivable within one year | 40/41 | €13,080 | €8,015 | -€5,065 | -38.7% |
| Trade receivables | 40 | €13,080 | €8,015 | -€5,065 | -38.7% |
| Cash at bank and in hand | 54/58 | €0 | €32,915 | +€32,915 | |
| Total equity and liabilities | 10/49 | €57,040 | €40,930 | -€16,110 | -28.2% |
| Equity | 10/15 | €22,889 | €26,887 | +€3,998 | +17.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €21,389 | €25,387 | +€3,998 | +18.7% |
| Distributable reserves | 133 | €21,389 | €25,387 | +€3,998 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,151 | €14,043 | -€20,108 | -58.9% |
| Amounts payable within one year | 42/48 | €34,151 | €14,043 | -€20,108 | -58.9% |
| Trade debts | 44 | €59 | €0 | -€59 | -100% |
| Suppliers | 440/4 | €59 | €0 | -€59 | -100% |
| Taxes, remuneration and social security | 45 | €8,828 | €7,997 | -€831 | -9.4% |
| Taxes | 450/3 | €8,828 | €7,997 | -€831 | -9.4% |
| Other amounts payable | 47/48 | €25,263 | €6,046 | -€19,217 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,520 | €0 | -€6,520 | -100% |
| Other operating charges | 640/8 | €1,108 | €1,520 | +€412 | +37.2% |
| Non-recurring operating charges | 66A | - | €21,960 | +€21,960 | |
| Gross operating margin | 9900 | €31,094 | €33,035 | +€1,941 | +6.2% |
| Operating profit (loss) | 9901 | €23,466 | €9,555 | -€13,911 | -59.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €172 | €207 | +€34 | +19.8% |
| Recurring financial charges | 65 | €172 | €207 | +€34 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €23,293 | €9,348 | -€13,945 | -59.9% |
| Income taxes | 67/77 | €5,529 | €3,684 | -€1,845 | -33.4% |
| Profit (loss) for the period | 9904 | €17,764 | €5,664 | -€12,100 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,764 | €5,664 | -€12,100 | -68.1% |
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 20 October 2026 via checked.be.