Mutual IT: 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.
What changed
Mutual IT
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€424,765
2024 · -€299,852+€724,617
Equity
€424,765
2024 · -+€424,765
Cash
€1.4m
2024 · €3.7m-€2.3m
Balance sheet total
€29.0m
2024 · €34.6m-€5.6m
Largest movements
Assets
- Current investments -€2.9m
down €2.9m (-42.0%), from €6.9m to €4.0m
- Cash -€2.3m
down €2.3m (-62.0%), from €3.7m to €1.4m
mainly Debts after one year (-€3.9m) and Deferred charges and accrued income (-€1.8m)
- Deferred charges and accrued income +€1.8m
up €1.8m (+22.6%), from €7.9m to €9.7m
- Tangible fixed assets -€1.2m
down €1.2m (-19.0%), from €6.4m to €5.2m
- Receivables within one year -€617,687
down €617,687 (-7.1%), from €8.7m to €8.1m
of which Trade receivables: -€589,940
Equity and liabilities
- Debts after one year -€3.9m
down €3.9m (-90.2%), from €4.4m to €425,000
- Trade debts -€1.7m
down €1.7m (-29.8%), from €5.7m to €4.0m
- Provisions -€970,000
no longer reported in 2025 (was €970,000)
- Accrued charges and deferred income +€886,317
up €886,317 (+7.8%), from €11.3m to €12.2m
- Profit (loss) carried forward +€424,765
new in 2025: €424,765
Income statement
No income-statement line moved by more than 1% of the activity.
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
-€299,852
Turnover
+€68,223
Other operating income
-€444,442
Goods and materials
-€9,711
Services and other goods
-€438,040
Staff costs
-€273,245
Depreciation
-€5,719
Other operating charges
+€105,199
Other operating items
+€1.8m
Financial income
-€114,865
Financial charges
+€69,631
Result 2025
€424,765
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
-€206,081
Investment
+€1.8m
Financing
-€3.9m
Cash 2024
€3.7m
From operations (derived)
-€206,081
Net result for the year
+€424,765
Depreciation
+€2.6m
Receivables within one year
+€617,687
Deferred charges and accrued income
-€1.8m
Provisions
-€970,000
Trade debts
-€1.7m
Tax, wage and social debts
-€297,604
Accrued charges and deferred income
+€886,317
Investment (derived)
+€1.8m
Investment in fixed assets (net)
-€1.1m
Current investments
+€2.9m
Financing
-€3.9m
Debts after one year
-€3.9m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,561,334 | €28,986,754 | -€5.6m | -16.1% |
| Fixed assets | 21/28 | €7,364,527 | €5,799,885 | -€1.6m | -21.2% |
| Intangible fixed assets | 21 | €921,082 | €583,344 | -€337,738 | -36.7% |
| Tangible fixed assets | 22/27 | €6,443,445 | €5,216,541 | -€1.2m | -19.0% |
| Furniture and vehicles | 24 | €6,443,445 | €5,216,541 | -€1.2m | -19.0% |
| Current assets | 29/58 | €27,196,807 | €23,186,869 | -€4.0m | -14.7% |
| Amounts receivable within one year | 40/41 | €8,693,406 | €8,075,719 | -€617,687 | -7.1% |
| Trade receivables | 40 | €8,665,633 | €8,075,693 | -€589,940 | -6.8% |
| Other amounts receivable | 41 | €27,773 | €26 | -€27,747 | -99.9% |
| Current investments | 50/53 | €6,900,000 | €4,000,000 | -€2.9m | -42.0% |
| Cash at bank and in hand | 54/58 | €3,683,773 | €1,398,098 | -€2.3m | -62.0% |
| Deferred charges and accrued income | 490/1 | €7,919,628 | €9,713,052 | +€1.8m | +22.6% |
| Total equity and liabilities | 10/49 | €34,561,334 | €28,986,754 | -€5.6m | -16.1% |
| Equity | 10/15 | - | €424,765 | +€424,765 | |
| Profit (loss) carried forward | 14 | - | €424,765 | +€424,765 | |
| Provisions and deferred taxes | 16 | €970,000 | - | -€970,000 | |
| Provisions for liabilities and charges | 160/5 | €970,000 | - | -€970,000 | |
| Other liabilities and charges | 164/5 | €970,000 | - | -€970,000 | |
| Amounts payable | 17/49 | €33,591,334 | €28,561,989 | -€5.0m | -15.0% |
| Amounts payable after more than one year | 17 | €4,350,000 | €425,000 | -€3.9m | -90.2% |
| Financial debts | 170/4 | €4,350,000 | €425,000 | -€3.9m | -90.2% |
| Other loans | 174 | €4,350,000 | €425,000 | -€3.9m | -90.2% |
| Amounts payable within one year | 42/48 | €17,934,088 | €15,943,426 | -€2.0m | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €3,925,000 | €3,925,000 | = | 0.0% |
| Trade debts | 44 | €5,687,917 | €3,994,859 | -€1.7m | -29.8% |
| Suppliers | 440/4 | €5,687,917 | €3,994,859 | -€1.7m | -29.8% |
| Taxes, remuneration and social security | 45 | €8,321,171 | €8,023,567 | -€297,604 | -3.6% |
| Taxes | 450/3 | €1,506,713 | €1,693,622 | +€186,909 | +12.4% |
| Remuneration and social security | 454/9 | €6,814,458 | €6,329,945 | -€484,513 | -7.1% |
| Accrued charges and deferred income | 492/3 | €11,307,246 | €12,193,563 | +€886,317 | +7.8% |
| Operating income | 70/76A | €97,047,522 | €96,653,603 | -€393,919 | -0.4% |
| Turnover | 70 | €85,636,641 | €85,704,864 | +€68,223 | +0.1% |
| Other operating income | 74 | €11,393,181 | €10,948,739 | -€444,442 | -3.9% |
| Non-recurring operating income | 76A | €17,700 | - | -€17,700 | |
| Operating charges | 60/66A | €97,432,891 | €96,269,121 | -€1.2m | -1.2% |
| Goods for resale, raw materials and consumables | 60 | €26,974,824 | €26,984,535 | +€9,711 | 0.0% |
| Purchases | 600/8 | €26,974,824 | €26,984,535 | +€9,711 | 0.0% |
| Services and other goods | 61 | €24,708,717 | €25,146,757 | +€438,040 | +1.8% |
| Remuneration, social security and pensions | 62 | €41,941,395 | €42,214,640 | +€273,245 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,613,517 | €2,619,236 | +€5,719 | +0.2% |
| Other operating charges | 640/8 | €379,152 | €273,953 | -€105,199 | -27.7% |
| Operating profit (loss) | 9901 | -€385,369 | €384,482 | +€769,851 | |
| Financial income | 75/76B | €252,425 | €137,560 | -€114,865 | -45.5% |
| Recurring financial income | 75 | €252,425 | €137,560 | -€114,865 | -45.5% |
| Income from current assets | 751 | €252,425 | €137,560 | -€114,865 | -45.5% |
| Financial charges | 65/66B | €166,908 | €97,277 | -€69,631 | -41.7% |
| Recurring financial charges | 65 | €166,908 | €97,277 | -€69,631 | -41.7% |
| Debt charges | 650 | €159,367 | €91,698 | -€67,669 | -42.5% |
| Other financial charges | 652/9 | €7,541 | €5,579 | -€1,962 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€299,852 | €424,765 | +€724,617 | |
| Profit (loss) for the period | 9904 | -€299,852 | €424,765 | +€724,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€299,852 | €424,765 | +€724,617 |
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 6 October 2026 via checked.be.