MUTLU: 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.
MUTLU
Largest movements
- Receivables within one year +€17,275
up €17,275 (+231.8%), from €7,454 to €24,729
of which Other amounts receivable: +€19,141
- Cash +€9,699
up €9,699 (+155.8%), from €6,223 to €15,922
mainly Net result for the year (+€35,102) and Depreciation (+€1,347)
- Tangible fixed assets +€7,382
up €7,382 (+322.7%), from €2,288 to €9,670
of which Other tangible fixed assets: +€4,085
- Profit (loss) carried forward +€35,102
up €35,102 (+461.3%), from €7,610 to €42,713
- Gross operating margin +€17,712
up €17,712 (+91.8%), from €19,285 to €36,996
- Depreciation -€2,234
down €2,234 (-62.4%), from €3,581 to €1,347
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,239 | €55,946 | +€34,706 | +163.4% |
| Fixed assets | 21/28 | €2,288 | €9,670 | +€7,382 | +322.7% |
| Tangible fixed assets | 22/27 | €2,288 | €9,670 | +€7,382 | +322.7% |
| Plant, machinery and equipment | 23 | €295 | - | -€295 | |
| Furniture and vehicles | 24 | €1,993 | €5,586 | +€3,593 | +180.3% |
| Other tangible fixed assets | 26 | - | €4,085 | +€4,085 | |
| Current assets | 29/58 | €18,952 | €46,276 | +€27,324 | +144.2% |
| Stocks and contracts in progress | 3 | €2,750 | €3,100 | +€350 | +12.7% |
| Stocks | 30/36 | €2,750 | €3,100 | +€350 | +12.7% |
| Amounts receivable within one year | 40/41 | €7,454 | €24,729 | +€17,275 | +231.8% |
| Trade receivables | 40 | €1,913 | €48 | -€1,865 | -97.5% |
| Other amounts receivable | 41 | €5,541 | €24,681 | +€19,141 | +345.5% |
| Cash at bank and in hand | 54/58 | €6,223 | €15,922 | +€9,699 | +155.8% |
| Deferred charges and accrued income | 490/1 | €2,524 | €2,524 | = | 0.0% |
| Total equity and liabilities | 10/49 | €21,239 | €55,946 | +€34,706 | +163.4% |
| Equity | 10/15 | €20,010 | €55,113 | +€35,102 | +175.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,610 | €42,713 | +€35,102 | +461.3% |
| Amounts payable | 17/49 | €1,229 | €833 | -€396 | -32.2% |
| Amounts payable within one year | 42/48 | €1,229 | €833 | -€396 | -32.2% |
| Trade debts | 44 | €421 | €25 | -€396 | -94.0% |
| Suppliers | 440/4 | €421 | €25 | -€396 | -94.0% |
| Other amounts payable | 47/48 | €808 | €808 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €485 | €182 | -€303 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,581 | €1,347 | -€2,234 | -62.4% |
| Gross operating margin | 9900 | €19,285 | €36,996 | +€17,712 | +91.8% |
| Operating profit (loss) | 9901 | €15,219 | €35,468 | +€20,249 | +133.1% |
| Financial charges | 65/66B | €501 | €365 | -€135 | -27.0% |
| Recurring financial charges | 65 | €501 | €365 | -€135 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €14,718 | €35,102 | +€20,384 | +138.5% |
| Profit (loss) for the period | 9904 | €14,718 | €35,102 | +€20,384 | +138.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,718 | €35,102 | +€20,384 | +138.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.