MUTTESCH DECOR: 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.
MUTTESCH DECOR
Largest movements
- Receivables within one year -€23,409
down €23,409 (-30.7%), from €76,319 to €52,910
of which Trade receivables: -€13,717
- Cash +€10,525
up €10,525 (+48.7%), from €21,596 to €32,121
mainly Receivables within one year (+€23,409) and Net result for the year (+€7,285)
- Tangible fixed assets -€6,925
down €6,925 (-29.0%), from €23,887 to €16,962
of which Leasing and similar rights: -€5,464
- Stocks and contracts -€3,983
down €3,983 (-14.1%), from €28,256 to €24,272
- Other debts -€14,250
down €14,250 (-96.6%), from €14,750 to €500
- Tax, wage and social debts -€10,198
down €10,198 (-61.5%), from €16,589 to €6,391
of which Taxes: -€5,593
- Reserves +€7,285
up €7,285 (+21.1%), from €34,570 to €41,855
of which Distributable reserves: +€7,285
- Debts after one year -€5,230
down €5,230 (-34.2%), from €15,285 to €10,055
- Trade debts -€3,744
down €3,744 (-31.1%), from €12,048 to €8,304
- Gross operating margin +€16,984
up €16,984 (+47.6%), from €35,680 to €52,664
- Write-downs +€6,000
new in 2024: €6,000
- Staff costs +€5,101
up €5,101 (+21.5%), from €23,708 to €28,809
- Taxes +€2,323
up €2,323 (+360.6%), from €644 to €2,967
- Depreciation -€2,292
down €2,292 (-24.9%), from €9,217 to €6,925
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 | €152,307 | €128,399 | -€23,908 | -15.7% |
| Fixed assets | 21/28 | €24,725 | €17,800 | -€6,925 | -28.0% |
| Tangible fixed assets | 22/27 | €23,887 | €16,962 | -€6,925 | -29.0% |
| Land and buildings | 22 | €2,950 | €2,613 | -€337 | -11.4% |
| Plant, machinery and equipment | 23 | €3,123 | €1,999 | -€1,123 | -36.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €17,814 | €12,350 | -€5,464 | -30.7% |
| Financial fixed assets | 28 | €838 | €838 | = | 0.0% |
| Current assets | 29/58 | €127,582 | €110,599 | -€16,983 | -13.3% |
| Stocks and contracts in progress | 3 | €28,256 | €24,272 | -€3,983 | -14.1% |
| Stocks | 30/36 | €28,256 | €24,272 | -€3,983 | -14.1% |
| Amounts receivable within one year | 40/41 | €76,319 | €52,910 | -€23,409 | -30.7% |
| Trade receivables | 40 | €25,231 | €11,514 | -€13,717 | -54.4% |
| Other amounts receivable | 41 | €51,089 | €41,396 | -€9,692 | -19.0% |
| Cash at bank and in hand | 54/58 | €21,596 | €32,121 | +€10,525 | +48.7% |
| Deferred charges and accrued income | 490/1 | €1,411 | €1,295 | -€116 | -8.2% |
| Total equity and liabilities | 10/49 | €152,307 | €128,399 | -€23,908 | -15.7% |
| Equity | 10/15 | €62,099 | €69,384 | +€7,285 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,570 | €41,855 | +€7,285 | +21.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €32,711 | €39,996 | +€7,285 | +22.3% |
| Profit (loss) carried forward | 14 | €8,937 | €8,937 | = | 0.0% |
| Provisions and deferred taxes | 16 | €26,426 | €26,426 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,426 | €26,426 | = | 0.0% |
| Pensions and similar obligations | 160 | €26,426 | €26,426 | = | 0.0% |
| Amounts payable | 17/49 | €63,782 | €32,590 | -€31,192 | -48.9% |
| Amounts payable after more than one year | 17 | €15,285 | €10,055 | -€5,230 | -34.2% |
| Financial debts | 170/4 | €15,285 | €10,055 | -€5,230 | -34.2% |
| Amounts payable within one year | 42/48 | €48,497 | €22,535 | -€25,963 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €5,111 | €7,340 | +€2,229 | +43.6% |
| Trade debts | 44 | €12,048 | €8,304 | -€3,744 | -31.1% |
| Suppliers | 440/4 | €12,048 | €8,304 | -€3,744 | -31.1% |
| Taxes, remuneration and social security | 45 | €16,589 | €6,391 | -€10,198 | -61.5% |
| Taxes | 450/3 | €10,623 | €5,030 | -€5,593 | -52.7% |
| Remuneration and social security | 454/9 | €5,966 | €1,361 | -€4,605 | -77.2% |
| Other amounts payable | 47/48 | €14,750 | €500 | -€14,250 | -96.6% |
| Remuneration, social security and pensions | 62 | €23,708 | €28,809 | +€5,101 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,217 | €6,925 | -€2,292 | -24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €2,809 | €2,563 | -€246 | -8.8% |
| Gross operating margin | 9900 | €35,680 | €52,664 | +€16,984 | +47.6% |
| Operating profit (loss) | 9901 | -€54 | €8,368 | +€8,422 | |
| Financial income | 75/76B | €1,935 | €2,604 | +€669 | +34.6% |
| Recurring financial income | 75 | €1,935 | €2,604 | +€669 | +34.6% |
| Financial charges | 65/66B | €463 | €720 | +€257 | +55.4% |
| Recurring financial charges | 65 | €463 | €720 | +€257 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €1,418 | €10,252 | +€8,834 | +622.8% |
| Income taxes | 67/77 | €644 | €2,967 | +€2,323 | +360.6% |
| Profit (loss) for the period | 9904 | €774 | €7,285 | +€6,510 | +841.0% |
| Profit (loss) for the period to be appropriated | 9905 | €774 | €7,285 | +€6,510 | +841.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.