MUSH: 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.
MUSH
Largest movements
- Cash +€11,115
up €11,115 (+573%), from €1,940 to €13,055
mainly Other debts (+€10,000) and Depreciation (+€5,258)
- Tangible fixed assets -€5,093
down €5,093 (-7.3%), from €70,048 to €64,956
of which Land and buildings: -€4,369
- Other debts +€10,000
up €10,000 (+116%), from €8,648 to €18,648
- Profit (loss) carried forward -€3,780
down €3,780 (-4.1%), from -€92,076 to -€95,856
- Gross operating margin +€2,168
up €2,168 (+155%), from €1,398 to €3,566
- Purchases and services -€1,392
down €1,392 (-10.5%), from €13,258 to €11,866
- Turnover +€776
up €776 (+5.3%), from €14,656 to €15,432
- Other operating charges +€213
up €213 (+15.0%), from €1,421 to €1,634
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 | €71,989 | €78,014 | +€6,025 | +8.4% |
| Fixed assets | 21/28 | €70,048 | €64,956 | -€5,093 | -7.3% |
| Tangible fixed assets | 22/27 | €70,048 | €64,956 | -€5,093 | -7.3% |
| Land and buildings | 22 | €66,594 | €62,225 | -€4,369 | -6.6% |
| Furniture and vehicles | 24 | €3,454 | €2,730 | -€724 | -21.0% |
| Current assets | 29/58 | €1,940 | €13,058 | +€11,118 | +573% |
| Amounts receivable within one year | 40/41 | - | €3 | +€3 | |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €1,940 | €13,055 | +€11,115 | +573% |
| Total equity and liabilities | 10/49 | €71,989 | €78,014 | +€6,025 | +8.4% |
| Equity | 10/15 | €62,899 | €59,119 | -€3,780 | -6.0% |
| Contributions | 10/11 | €154,975 | €154,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,076 | -€95,856 | -€3,780 | -4.1% |
| Amounts payable | 17/49 | €9,089 | €18,895 | +€9,805 | +108% |
| Amounts payable within one year | 42/48 | €9,089 | €18,895 | +€9,805 | +108% |
| Trade debts | 44 | - | €57 | +€57 | |
| Suppliers | 440/4 | - | €57 | +€57 | |
| Taxes, remuneration and social security | 45 | €441 | €190 | -€251 | -57.0% |
| Taxes | 450/3 | €441 | €190 | -€251 | -57.0% |
| Other amounts payable | 47/48 | €8,648 | €18,648 | +€10,000 | +116% |
| Turnover | 70 | €14,656 | €15,432 | +€776 | +5.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,258 | €11,866 | -€1,392 | -10.5% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,289 | €5,258 | -€31 | -0.6% |
| Other operating charges | 640/8 | €1,421 | €1,634 | +€213 | +15.0% |
| Gross operating margin | 9900 | €1,398 | €3,566 | +€2,168 | +155% |
| Operating profit (loss) | 9901 | -€5,699 | -€3,726 | +€1,973 | +34.6% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €84 | €54 | -€30 | -35.4% |
| Recurring financial charges | 65 | €84 | €54 | -€30 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,775 | -€3,780 | +€1,994 | +34.5% |
| Income taxes | 67/77 | -€34 | - | +€34 | |
| Profit (loss) for the period | 9904 | -€5,741 | -€3,780 | +€1,960 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,741 | -€3,780 | +€1,960 | +34.1% |
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 16 October 2026 via checked.be.