Mutoni Arts: 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.
Mutoni Arts
Largest movements
- Receivables after one year +€23,650
new in 2025: €23,650
- Receivables within one year -€17,849
down €17,849 (-91.1%), from €19,584 to €1,735
of which Trade receivables: -€17,839
- Cash +€7,901
up €7,901 (+741.7%), from €1,065 to €8,966
mainly Receivables within one year (+€17,849) and Trade debts (+€10,526)
- Tangible fixed assets -€1,600
down €1,600 (-22.8%), from €7,021 to €5,421
- Trade debts +€10,526
up €10,526 (+366.3%), from €2,874 to €13,400
- Other debts -€2,853
no longer reported in 2025 (was €2,853)
- Profit (loss) carried forward +€2,422
up €2,422 (+20.8%), from €11,658 to €14,080
- Tax, wage and social debts +€2,007
up €2,007 (+27.5%), from €7,286 to €9,292
of which Taxes: +€1,007
- Gross operating margin -€12,511
down €12,511 (-55.1%), from €22,719 to €10,208
- Taxes -€2,635
down €2,635 (-54.6%), from €4,823 to €2,188
- Depreciation -€2,180
down €2,180 (-57.7%), from €3,780 to €1,600
- Other operating charges +€1,783
up €1,783 (+602.5%), from €296 to €2,079
- Staff costs -€480
no longer reported in 2025 (was €480)
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 | €27,670 | €39,772 | +€12,102 | +43.7% |
| Fixed assets | 21/28 | €7,021 | €5,421 | -€1,600 | -22.8% |
| Tangible fixed assets | 22/27 | €7,021 | €5,421 | -€1,600 | -22.8% |
| Furniture and vehicles | 24 | €7,021 | €5,421 | -€1,600 | -22.8% |
| Current assets | 29/58 | €20,649 | €34,351 | +€13,702 | +66.4% |
| Amounts receivable after more than one year | 29 | - | €23,650 | +€23,650 | |
| Other amounts receivable | 291 | - | €23,650 | +€23,650 | |
| Amounts receivable within one year | 40/41 | €19,584 | €1,735 | -€17,849 | -91.1% |
| Trade receivables | 40 | €19,574 | €1,735 | -€17,839 | -91.1% |
| Other amounts receivable | 41 | €9 | - | -€9 | |
| Cash at bank and in hand | 54/58 | €1,065 | €8,966 | +€7,901 | +741.7% |
| Total equity and liabilities | 10/49 | €27,670 | €39,772 | +€12,102 | +43.7% |
| Equity | 10/15 | €14,658 | €17,080 | +€2,422 | +16.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,658 | €14,080 | +€2,422 | +20.8% |
| Amounts payable | 17/49 | €13,012 | €22,692 | +€9,680 | +74.4% |
| Amounts payable within one year | 42/48 | €13,012 | €22,692 | +€9,680 | +74.4% |
| Trade debts | 44 | €2,874 | €13,400 | +€10,526 | +366.3% |
| Suppliers | 440/4 | €2,874 | €13,400 | +€10,526 | +366.3% |
| Taxes, remuneration and social security | 45 | €7,286 | €9,292 | +€2,007 | +27.5% |
| Taxes | 450/3 | €7,286 | €8,292 | +€1,007 | +13.8% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €2,853 | - | -€2,853 | |
| Remuneration, social security and pensions | 62 | €480 | - | -€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,780 | €1,600 | -€2,180 | -57.7% |
| Other operating charges | 640/8 | €296 | €2,079 | +€1,783 | +602.5% |
| Gross operating margin | 9900 | €22,719 | €10,208 | -€12,511 | -55.1% |
| Operating profit (loss) | 9901 | €18,163 | €6,529 | -€11,634 | -64.1% |
| Financial income | 75/76B | €12 | €105 | +€94 | +801.5% |
| Recurring financial income | 75 | €12 | €105 | +€94 | +801.5% |
| Financial charges | 65/66B | €1,695 | €2,024 | +€329 | +19.4% |
| Recurring financial charges | 65 | €1,695 | €2,024 | +€329 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €16,480 | €4,610 | -€11,870 | -72.0% |
| Income taxes | 67/77 | €4,823 | €2,188 | -€2,635 | -54.6% |
| Profit (loss) for the period | 9904 | €11,658 | €2,422 | -€9,235 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,658 | €2,422 | -€9,235 | -79.2% |
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 9 October 2026 via checked.be.