MUTUALIS: 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.
MUTUALIS
Largest movements
- Cash +€99,096
up €99,096 (+28.3%), from €349,588 to €448,683
mainly Net result for the year (+€79,817) and Current investments (+€39,726)
- Current investments -€39,726
down €39,726 (-49.3%), from €80,501 to €40,775
- Tangible fixed assets +€32,447
up €32,447 (+7554.0%), from €430 to €32,877
- Reserves +€79,000
up €79,000 (+18.7%), from €423,160 to €502,160
- Depreciation +€5,980
up €5,980 (+636.8%), from €939 to €6,919
- Gross operating margin +€4,127
up €4,127 (+3.9%), from €106,868 to €110,995
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 | €456,536 | €545,001 | +€88,465 | +19.4% |
| Fixed assets | 21/28 | €579 | €33,026 | +€32,447 | +5608.5% |
| Tangible fixed assets | 22/27 | €430 | €32,877 | +€32,447 | +7554.0% |
| Furniture and vehicles | 24 | €430 | €32,877 | +€32,447 | +7554.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €455,957 | €511,975 | +€56,018 | +12.3% |
| Amounts receivable within one year | 40/41 | €19,105 | €15,981 | -€3,124 | -16.4% |
| Trade receivables | 40 | €13,888 | €15,978 | +€2,090 | +15.0% |
| Other amounts receivable | 41 | €5,217 | €3 | -€5,214 | -100.0% |
| Current investments | 50/53 | €80,501 | €40,775 | -€39,726 | -49.3% |
| Cash at bank and in hand | 54/58 | €349,588 | €448,683 | +€99,096 | +28.3% |
| Deferred charges and accrued income | 490/1 | €6,764 | €6,536 | -€228 | -3.4% |
| Total equity and liabilities | 10/49 | €456,536 | €545,001 | +€88,465 | +19.4% |
| Equity | 10/15 | €438,963 | €518,780 | +€79,817 | +18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €423,160 | €502,160 | +€79,000 | +18.7% |
| Distributable reserves | 133 | €423,160 | €502,160 | +€79,000 | +18.7% |
| Profit (loss) carried forward | 14 | €3,403 | €4,220 | +€817 | +24.0% |
| Amounts payable | 17/49 | €17,573 | €26,221 | +€8,647 | +49.2% |
| Amounts payable within one year | 42/48 | €16,839 | €26,221 | +€9,382 | +55.7% |
| Trade debts | 44 | €925 | €1,957 | +€1,032 | +111.5% |
| Suppliers | 440/4 | €925 | €1,957 | +€1,032 | +111.5% |
| Taxes, remuneration and social security | 45 | €15,914 | €19,781 | +€3,866 | +24.3% |
| Taxes | 450/3 | €15,914 | €19,781 | +€3,866 | +24.3% |
| Other amounts payable | 47/48 | - | €4,484 | +€4,484 | |
| Accrued charges and deferred income | 492/3 | €734 | - | -€734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €6,919 | +€5,980 | +636.8% |
| Other operating charges | 640/8 | €616 | €177 | -€439 | -71.3% |
| Gross operating margin | 9900 | €106,868 | €110,995 | +€4,127 | +3.9% |
| Operating profit (loss) | 9901 | €105,313 | €103,900 | -€1,413 | -1.3% |
| Financial income | 75/76B | €6,471 | €7,251 | +€780 | +12.0% |
| Recurring financial income | 75 | €6,471 | €7,251 | +€780 | +12.0% |
| Financial charges | 65/66B | €166 | €379 | +€213 | +128.5% |
| Recurring financial charges | 65 | €166 | €379 | +€213 | +128.5% |
| Profit (loss) for the period before taxes | 9903 | €111,618 | €110,771 | -€847 | -0.8% |
| Income taxes | 67/77 | €31,870 | €30,954 | -€916 | -2.9% |
| Profit (loss) for the period | 9904 | €79,748 | €79,817 | +€69 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,748 | €79,817 | +€69 | +0.1% |
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 29 September 2026 via checked.be.