MUTANCO: what changed
Two fiscal 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.
MUTANCO
Largest movements
- Cash -€2,013
down €2,013 (-13.1%), from €15,378 to €13,364
mainly Net result for the year (-€6,430)
- Profit (loss) carried forward -€6,430
down €6,430 (-1.7%), from -€367,992 to -€374,422
- Accrued charges and deferred income +€4,214
new in 2025: €4,214
- Other operating charges -€13,373
down €13,373 (-76.0%), from €17,587 to €4,214
- Gross operating margin -€921
down €921 (-73.7%), from -€1,250 to -€2,172
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 | €93,868 | €91,855 | -€2,013 | -2.1% |
| Fixed assets | 21/28 | €78,434 | €78,434 | = | 0.0% |
| Tangible fixed assets | 22/27 | €78,334 | €78,334 | = | 0.0% |
| Land and buildings | 22 | €78,334 | €78,334 | = | 0.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €15,435 | €13,421 | -€2,013 | -13.0% |
| Amounts receivable within one year | 40/41 | €57 | €57 | = | 0.0% |
| Other amounts receivable | 41 | €57 | €57 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,378 | €13,364 | -€2,013 | -13.1% |
| Total equity and liabilities | 10/49 | €93,868 | €91,855 | -€2,013 | -2.1% |
| Equity | 10/15 | -€132,493 | -€138,924 | -€6,430 | -4.9% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Capital | 10 | €235,499 | €235,499 | = | 0.0% |
| Issued capital | 100 | €235,499 | €235,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,992 | -€374,422 | -€6,430 | -1.7% |
| Amounts payable | 17/49 | €226,361 | €230,778 | +€4,417 | +2.0% |
| Amounts payable within one year | 42/48 | €226,361 | €226,565 | +€203 | +0.1% |
| Trade debts | 44 | €14,013 | €14,217 | +€203 | +1.5% |
| Suppliers | 440/4 | €14,013 | €14,217 | +€203 | +1.5% |
| Other amounts payable | 47/48 | €212,348 | €212,348 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,214 | +€4,214 | |
| Other operating charges | 640/8 | €17,587 | €4,214 | -€13,373 | -76.0% |
| Gross operating margin | 9900 | -€1,250 | -€2,172 | -€921 | -73.7% |
| Operating profit (loss) | 9901 | -€18,837 | -€6,385 | +€12,452 | +66.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,882 | -€6,430 | +€12,452 | +65.9% |
| Profit (loss) for the period | 9904 | -€18,882 | -€6,430 | +€12,452 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,882 | -€6,430 | +€12,452 | +65.9% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.