MUSTANGO FALLS: what changed
MUSTANGO FALLS
Largest movements
- Current investments -€80,000
down €80,000 (-32.0%), from €250,000 to €170,000
- Receivables within one year +€19,417
up €19,417 (+27.3%), from €71,118 to €90,535
of which Other amounts receivable: +€32,311
- Tangible fixed assets +€12,614
up €12,614 (+144%), from €8,762 to €21,375
of which Land and buildings: +€15,471
- Cash -€12,213
down €12,213 (-5.0%), from €242,260 to €230,047
mainly Tax, wage and social debts (-€25,792) and Current portion of long-term debt (-€23,609)
- Receivables after one year -€10,538
down €10,538 (-35.1%), from €30,009 to €19,471
- Tax, wage and social debts -€25,792
down €25,792 (-49.2%), from €52,442 to €26,650
of which Taxes: -€22,078
- Current portion of long-term debt -€23,609
down €23,609 (-73.2%), from €32,265 to €8,656
- Accrued charges and deferred income -€14,469
no longer reported in 2025 (was €14,469)
- Debts after one year -€8,656
down €8,656 (-6.4%), from €135,871 to €127,215
- Financial income -€256,640
down €256,640 (-96.2%), from €266,680 to €10,040
- Gross operating margin -€182,567
down €182,567 (-86.6%), from €210,898 to €28,331
- Taxes -€105,266
down €105,266 (-97.3%), from €108,208 to €2,942
- Depreciation -€84,334
down €84,334 (-96.7%), from €87,230 to €2,896
- Staff costs -€35,863
down €35,863 (-65.1%), from €55,071 to €19,208
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,489 | €534,202 | -€69,287 | -11.5% |
| Fixed assets | 21/28 | €8,762 | €21,375 | +€12,614 | +144% |
| Tangible fixed assets | 22/27 | €8,762 | €21,375 | +€12,614 | +144% |
| Land and buildings | 22 | - | €15,471 | +€15,471 | |
| Plant, machinery and equipment | 23 | €1,342 | €638 | -€704 | -52.5% |
| Furniture and vehicles | 24 | €7,420 | €5,267 | -€2,153 | -29.0% |
| Current assets | 29/58 | €594,727 | €512,826 | -€81,901 | -13.8% |
| Amounts receivable after more than one year | 29 | €30,009 | €19,471 | -€10,538 | -35.1% |
| Other amounts receivable | 291 | €30,009 | €19,471 | -€10,538 | -35.1% |
| Amounts receivable within one year | 40/41 | €71,118 | €90,535 | +€19,417 | +27.3% |
| Trade receivables | 40 | €19,443 | €6,549 | -€12,894 | -66.3% |
| Other amounts receivable | 41 | €51,674 | €83,985 | +€32,311 | +62.5% |
| Current investments | 50/53 | €250,000 | €170,000 | -€80,000 | -32.0% |
| Cash at bank and in hand | 54/58 | €242,260 | €230,047 | -€12,213 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,340 | €2,773 | +€1,433 | +107% |
| Total equity and liabilities | 10/49 | €603,489 | €534,202 | -€69,287 | -11.5% |
| Equity | 10/15 | €364,435 | €365,050 | +€615 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,704 | €329,704 | -€5,000 | -1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €332,844 | €327,844 | -€5,000 | -1.5% |
| Profit (loss) carried forward | 14 | €11,130 | €16,745 | +€5,615 | +50.4% |
| Amounts payable | 17/49 | €239,054 | €169,152 | -€69,902 | -29.2% |
| Amounts payable after more than one year | 17 | €135,871 | €127,215 | -€8,656 | -6.4% |
| Financial debts | 170/4 | €135,871 | €127,215 | -€8,656 | -6.4% |
| Amounts payable within one year | 42/48 | €88,714 | €41,937 | -€46,777 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €32,265 | €8,656 | -€23,609 | -73.2% |
| Trade debts | 44 | €4,007 | €1,881 | -€2,125 | -53.0% |
| Suppliers | 440/4 | €4,007 | €1,881 | -€2,125 | -53.0% |
| Taxes, remuneration and social security | 45 | €52,442 | €26,650 | -€25,792 | -49.2% |
| Taxes | 450/3 | €45,322 | €23,244 | -€22,078 | -48.7% |
| Remuneration and social security | 454/9 | €7,120 | €3,405 | -€3,715 | -52.2% |
| Other amounts payable | 47/48 | - | €4,750 | +€4,750 | |
| Accrued charges and deferred income | 492/3 | €14,469 | - | -€14,469 | |
| Remuneration, social security and pensions | 62 | €55,071 | €19,208 | -€35,863 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,230 | €2,896 | -€84,334 | -96.7% |
| Other operating charges | 640/8 | €5,422 | €2,038 | -€3,384 | -62.4% |
| Non-recurring operating charges | 66A | €4,439 | - | -€4,439 | |
| Gross operating margin | 9900 | €210,898 | €28,331 | -€182,567 | -86.6% |
| Operating profit (loss) | 9901 | €58,736 | €4,190 | -€54,547 | -92.9% |
| Financial income | 75/76B | €266,680 | €10,040 | -€256,640 | -96.2% |
| Recurring financial income | 75 | €266,680 | €10,040 | -€256,640 | -96.2% |
| Financial charges | 65/66B | €4,364 | €5,673 | +€1,309 | +30.0% |
| Recurring financial charges | 65 | €4,364 | €5,673 | +€1,309 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €321,053 | €8,557 | -€312,496 | -97.3% |
| Income taxes | 67/77 | €108,208 | €2,942 | -€105,266 | -97.3% |
| Profit (loss) for the period | 9904 | €212,844 | €5,615 | -€207,229 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €212,844 | €5,615 | -€207,229 | -97.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.