MUTEC: 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.
What changed
MUTEC
NACE 43.410, Roofing work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,800
2024 · €184,247-€154,448
Equity
€2.4m
2024 · €2.3m+€29,800
Cash
€782,376
2024 · €551,363+€231,014
Balance sheet total
€6.0m
2024 · €6.2m-€249,002
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-21.3%), from €4.9m to €3.8m
of which Trade receivables: -€629,799
- Stocks and contracts +€416,783
up €416,783 (+80.7%), from €516,197 to €932,980
of which Contracts in progress: +€274,000
- Cash +€231,014
up €231,014 (+41.9%), from €551,363 to €782,376
mainly Receivables within one year (+€1.0m) and Trade debts (+€308,204)
- Tangible fixed assets +€154,323
up €154,323 (+59.8%), from €257,910 to €412,233
of which Furniture and vehicles: +€148,393
Equity and liabilities
- Advances received -€777,722
down €777,722 (-100.0%), from €777,722 to €0
- Trade debts +€308,204
up €308,204 (+12.6%), from €2.4m to €2.7m
- Debts after one year +€165,000
up €165,000 (+33.0%), from €500,000 to €665,000
Income statement
- Turnover -€1.6m
down €1.6m (-10.8%), from €15.0m to €13.4m
- Goods and materials -€739,875
down €739,875 (-7.5%), from €9.9m to €9.2m
of which Purchases: -€727,670
- Staff costs +€240,381
up €240,381 (+12.1%), from €2.0m to €2.2m
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.
Result 2024
€184,247
Turnover
-€1.6m
Other operating income
+€7,083
Goods and materials
+€739,875
Services and other goods
-€29,110
Staff costs
-€240,381
Depreciation
-€40,229
Other operating charges
+€5,239
Other operating items
+€1.0m
Financial income
-€23,575
Financial charges
-€25,909
Taxes
+€33,594
Result 2025
€29,800
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.
From operations
+€332,505
Investment
-€266,491
Financing
+€165,000
Cash 2024
€551,363
From operations (derived)
+€332,505
Net result for the year
+€29,800
Depreciation
+€112,169
Stocks and contracts
-€416,783
Receivables within one year
+€1.0m
Deferred charges and accrued income
+€14,017
Trade debts
+€308,204
Tax, wage and social debts
+€22,159
Advances received
-€777,722
Accrued charges and deferred income
+€3,557
Investment (derived)
-€266,491
Investment in fixed assets (net)
-€266,491
Financing
+€165,000
Debts after one year
+€165,000
Cash 2025
€782,376
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,230,101 | €5,981,099 | -€249,002 | -4.0% |
| Fixed assets | 21/28 | €257,910 | €412,233 | +€154,323 | +59.8% |
| Tangible fixed assets | 22/27 | €257,910 | €412,233 | +€154,323 | +59.8% |
| Land and buildings | 22 | €8,032 | €5,745 | -€2,287 | -28.5% |
| Plant, machinery and equipment | 23 | €10,228 | €18,444 | +€8,216 | +80.3% |
| Furniture and vehicles | 24 | €239,651 | €388,043 | +€148,393 | +61.9% |
| Current assets | 29/58 | €5,972,190 | €5,568,866 | -€403,324 | -6.8% |
| Stocks and contracts in progress | 3 | €516,197 | €932,980 | +€416,783 | +80.7% |
| Stocks | 30/36 | €516,197 | €658,980 | +€142,783 | +27.7% |
| Goods purchased for resale | 34 | €516,197 | €658,980 | +€142,783 | +27.7% |
| Contracts in progress | 37 | - | €274,000 | +€274,000 | |
| Amounts receivable within one year | 40/41 | €4,879,720 | €3,842,617 | -€1.0m | -21.3% |
| Trade receivables | 40 | €4,059,887 | €3,430,088 | -€629,799 | -15.5% |
| Other amounts receivable | 41 | €819,833 | €412,529 | -€407,304 | -49.7% |
| Cash at bank and in hand | 54/58 | €551,363 | €782,376 | +€231,014 | +41.9% |
| Deferred charges and accrued income | 490/1 | €24,910 | €10,893 | -€14,017 | -56.3% |
| Total equity and liabilities | 10/49 | €6,230,101 | €5,981,099 | -€249,002 | -4.0% |
| Equity | 10/15 | €2,347,548 | €2,377,348 | +€29,800 | +1.3% |
| Contributions | 10/11 | €218,550 | €218,550 | = | 0.0% |
| Reserves | 13 | €2,000,000 | €2,000,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,998 | €158,798 | +€29,800 | +23.1% |
| Amounts payable | 17/49 | €3,882,553 | €3,603,751 | -€278,801 | -7.2% |
| Amounts payable after more than one year | 17 | €500,000 | €665,000 | +€165,000 | +33.0% |
| Other amounts payable | 178/9 | €500,000 | €665,000 | +€165,000 | +33.0% |
| Amounts payable within one year | 42/48 | €3,376,780 | €2,929,422 | -€447,359 | -13.2% |
| Trade debts | 44 | €2,441,686 | €2,749,890 | +€308,204 | +12.6% |
| Suppliers | 440/4 | €2,441,686 | €2,749,890 | +€308,204 | +12.6% |
| Advances received on contracts in progress | 46 | €777,722 | €0 | -€777,722 | -100.0% |
| Taxes, remuneration and social security | 45 | €157,373 | €179,532 | +€22,159 | +14.1% |
| Taxes | 450/3 | €10,113 | €13,138 | +€3,026 | +29.9% |
| Remuneration and social security | 454/9 | €147,260 | €166,393 | +€19,133 | +13.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,772 | €9,330 | +€3,557 | +61.6% |
| Operating income | 70/76A | €15,097,947 | €14,570,954 | -€526,993 | -3.5% |
| Turnover | 70 | €15,034,136 | €13,415,652 | -€1.6m | -10.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€30,536 | €1,051,722 | +€1.1m | |
| Other operating income | 74 | €90,547 | €97,630 | +€7,083 | +7.8% |
| Non-recurring operating income | 76A | €3,800 | €5,950 | +€2,150 | +56.6% |
| Operating charges | 60/66A | €14,859,088 | €14,470,653 | -€388,435 | -2.6% |
| Goods for resale, raw materials and consumables | 60 | €9,901,668 | €9,161,794 | -€739,875 | -7.5% |
| Purchases | 600/8 | €10,032,247 | €9,304,577 | -€727,670 | -7.3% |
| Change in stocks: decrease (increase) | 609 | -€130,578 | -€142,783 | -€12,205 | -9.3% |
| Services and other goods | 61 | €2,868,889 | €2,897,999 | +€29,110 | +1.0% |
| Remuneration, social security and pensions | 62 | €1,992,028 | €2,232,408 | +€240,381 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,940 | €112,169 | +€40,229 | +55.9% |
| Other operating charges | 640/8 | €18,533 | €13,294 | -€5,239 | -28.3% |
| Non-recurring operating charges | 66A | €6,030 | €52,989 | +€46,959 | +778.8% |
| Operating profit (loss) | 9901 | €238,859 | €100,301 | -€138,558 | -58.0% |
| Financial income | 75/76B | €26,422 | €2,847 | -€23,575 | -89.2% |
| Recurring financial income | 75 | €26,422 | €2,847 | -€23,575 | -89.2% |
| Income from current assets | 751 | €24,100 | €0 | -€24,100 | -100.0% |
| Other financial income | 752/9 | €2,323 | €2,847 | +€525 | +22.6% |
| Financial charges | 65/66B | €2,490 | €28,398 | +€25,909 | +1040.6% |
| Recurring financial charges | 65 | €2,490 | €28,398 | +€25,909 | +1040.6% |
| Debt charges | 650 | - | €25,410 | +€25,410 | |
| Other financial charges | 652/9 | €2,490 | €2,989 | +€499 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €262,791 | €74,750 | -€188,041 | -71.6% |
| Income taxes | 67/77 | €78,544 | €44,950 | -€33,594 | -42.8% |
| Taxes | 670/3 | €78,544 | €44,950 | -€33,594 | -42.8% |
| Profit (loss) for the period | 9904 | €184,247 | €29,800 | -€154,448 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €184,247 | €29,800 | -€154,448 | -83.8% |
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 10 October 2026 via checked.be.