MuPi: 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.
MuPi
Largest movements
- Cash +€13,827
up €13,827 (+50.3%), from €27,495 to €41,322
mainly Net result for the year (+€15,406) and Tax, wage and social debts (+€2,174)
- Receivables within one year +€1,844
new in 2025: €1,844
- Tangible fixed assets -€1,587
down €1,587 (-33.4%), from €4,758 to €3,171
- Reserves +€15,406
up €15,406 (+66.3%), from €23,227 to €38,633
- Trade debts -€2,299
down €2,299 (-33.2%), from €6,928 to €4,629
- Tax, wage and social debts +€2,174
up €2,174 (+76.1%), from €2,858 to €5,031
of which Taxes: +€2,787
- Gross operating margin -€6,371
down €6,371 (-19.1%), from €33,361 to €26,990
- Financial charges +€2,691
up €2,691 (+2117.3%), from €127 to €2,818
- Taxes -€2,645
down €2,645 (-28.6%), from €9,235 to €6,591
- Depreciation +€1,583
up €1,583 (+36477.9%), from €4 to €1,587
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.
Cash bridge derived
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 | €100,918 | €115,195 | +€14,276 | +14.1% |
| Fixed assets | 21/28 | €73,423 | €71,836 | -€1,587 | -2.2% |
| Tangible fixed assets | 22/27 | €4,758 | €3,171 | -€1,587 | -33.4% |
| Furniture and vehicles | 24 | €4,758 | €3,171 | -€1,587 | -33.4% |
| Financial fixed assets | 28 | €68,665 | €68,665 | = | 0.0% |
| Current assets | 29/58 | €27,495 | €43,359 | +€15,864 | +57.7% |
| Amounts receivable within one year | 40/41 | - | €1,844 | +€1,844 | |
| Trade receivables | 40 | - | €1,844 | +€1,844 | |
| Cash at bank and in hand | 54/58 | €27,495 | €41,322 | +€13,827 | +50.3% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €100,918 | €115,195 | +€14,276 | +14.1% |
| Equity | 10/15 | €24,727 | €40,133 | +€15,406 | +62.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €23,227 | €38,633 | +€15,406 | +66.3% |
| Distributable reserves | 133 | €23,227 | €38,633 | +€15,406 | +66.3% |
| Amounts payable | 17/49 | €76,191 | €75,061 | -€1,129 | -1.5% |
| Amounts payable within one year | 42/48 | €76,191 | €75,061 | -€1,129 | -1.5% |
| Trade debts | 44 | €6,928 | €4,629 | -€2,299 | -33.2% |
| Suppliers | 440/4 | €6,928 | €4,629 | -€2,299 | -33.2% |
| Taxes, remuneration and social security | 45 | €2,858 | €5,031 | +€2,174 | +76.1% |
| Taxes | 450/3 | €2,244 | €5,031 | +€2,787 | +124.2% |
| Remuneration and social security | 454/9 | €613 | - | -€613 | |
| Other amounts payable | 47/48 | €66,405 | €65,401 | -€1,004 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €1,587 | +€1,583 | +36477.9% |
| Other operating charges | 640/8 | €767 | €588 | -€179 | -23.4% |
| Gross operating margin | 9900 | €33,361 | €26,990 | -€6,371 | -19.1% |
| Operating profit (loss) | 9901 | €32,590 | €24,815 | -€7,775 | -23.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €127 | €2,818 | +€2,691 | +2117.3% |
| Recurring financial charges | 65 | €127 | €2,818 | +€2,691 | +2117.3% |
| Profit (loss) for the period before taxes | 9903 | €32,463 | €21,996 | -€10,466 | -32.2% |
| Income taxes | 67/77 | €9,235 | €6,591 | -€2,645 | -28.6% |
| Profit (loss) for the period | 9904 | €23,227 | €15,406 | -€7,822 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,227 | €15,406 | -€7,822 | -33.7% |
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 11 October 2026 via checked.be.