Muschenzeel: 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.
Muschenzeel
Largest movements
- Cash -€74,657
down €74,657 (-17.8%), from €419,933 to €345,276
mainly Tax, wage and social debts (-€71,175) and Other debts (-€6,970)
- Tax, wage and social debts -€71,175
no longer reported in 2025 (was €71,175)
- Other debts -€6,970
no longer reported in 2025 (was €6,970)
- Financial income -€3,701
down €3,701 (-35.7%), from €10,382 to €6,681
- Gross operating margin +€1,981
up €1,981 (+96.8%), from -€2,046 to -€66
- Taxes -€428
down €428 (-22.1%), from €1,936 to €1,508
- Depreciation -€195
down €195 (-33.9%), from €574 to €380
- Other operating charges +€22
up €22 (+4.1%), from €528 to €550
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 | €422,162 | €347,577 | -€74,585 | -17.7% |
| Fixed assets | 21/28 | €1,050 | €671 | -€380 | -36.1% |
| Tangible fixed assets | 22/27 | €1,050 | €671 | -€380 | -36.1% |
| Furniture and vehicles | 24 | €1,050 | €671 | -€380 | -36.1% |
| Current assets | 29/58 | €421,112 | €346,906 | -€74,206 | -17.6% |
| Amounts receivable within one year | 40/41 | €1,179 | €1,630 | +€452 | +38.3% |
| Other amounts receivable | 41 | €1,179 | €1,630 | +€452 | +38.3% |
| Cash at bank and in hand | 54/58 | €419,933 | €345,276 | -€74,657 | -17.8% |
| Total equity and liabilities | 10/49 | €422,162 | €347,577 | -€74,585 | -17.7% |
| Equity | 10/15 | €343,489 | €347,511 | +€4,022 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €338,489 | €342,511 | +€4,022 | +1.2% |
| Distributable reserves | 133 | €338,489 | €342,511 | +€4,022 | +1.2% |
| Amounts payable | 17/49 | €78,673 | €66 | -€78,607 | -99.9% |
| Amounts payable within one year | 42/48 | €78,673 | €66 | -€78,607 | -99.9% |
| Trade debts | 44 | €528 | €66 | -€462 | -87.6% |
| Suppliers | 440/4 | €528 | €66 | -€462 | -87.6% |
| Taxes, remuneration and social security | 45 | €71,175 | - | -€71,175 | |
| Taxes | 450/3 | €71,175 | - | -€71,175 | |
| Other amounts payable | 47/48 | €6,970 | - | -€6,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €380 | -€195 | -33.9% |
| Other operating charges | 640/8 | €528 | €550 | +€22 | +4.1% |
| Gross operating margin | 9900 | -€2,046 | -€66 | +€1,981 | +96.8% |
| Operating profit (loss) | 9901 | -€3,149 | -€995 | +€2,154 | +68.4% |
| Financial income | 75/76B | €10,382 | €6,681 | -€3,701 | -35.7% |
| Recurring financial income | 75 | €10,382 | €6,681 | -€3,701 | -35.7% |
| Financial charges | 65/66B | €135 | €155 | +€20 | +15.1% |
| Recurring financial charges | 65 | €135 | €155 | +€20 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €7,098 | €5,530 | -€1,568 | -22.1% |
| Income taxes | 67/77 | €1,936 | €1,508 | -€428 | -22.1% |
| Profit (loss) for the period | 9904 | €5,162 | €4,022 | -€1,140 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,162 | €4,022 | -€1,140 | -22.1% |
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 28 October 2026 via checked.be.