MUTUS LIBER: 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.
MUTUS LIBER
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+18.1%), from €7.8m to €9.2m
of which Land and buildings: +€1.4m
- Debts after one year +€1.8m
up €1.8m (+337%), from €528,928 to €2.3m
- Profit (loss) carried forward -€379,805
down €379,805 (-31.9%), from -€1.2m to -€1.6m
- Financial income -€13,180
down €13,180 (-100%), from €13,180 to €0
of which Financial income: -€13,180
- Staff costs -€8,212
down €8,212 (-16.3%), from €50,231 to €42,019
- Gross operating margin +€6,982
up €6,982 (+14.9%), from €46,799 to €53,781
- Financial charges -€1,385
down €1,385 (-68.6%), from €2,019 to €634
- Depreciation +€1,164
up €1,164 (+0.3%), from €375,621 to €376,785
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.
Derived cash bridge
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 | €7,948,799 | €9,360,226 | +€1.4m | +17.8% |
| Fixed assets | 21/28 | €7,771,217 | €9,176,761 | +€1.4m | +18.1% |
| Tangible fixed assets | 22/27 | €7,771,217 | €9,176,761 | +€1.4m | +18.1% |
| Land and buildings | 22 | €7,765,659 | €9,173,952 | +€1.4m | +18.1% |
| Plant, machinery and equipment | 23 | €5,558 | €2,809 | -€2,749 | -49.5% |
| Current assets | 29/58 | €177,582 | €183,465 | +€5,882 | +3.3% |
| Stocks and contracts in progress | 3 | €33,662 | €33,662 | = | 0.0% |
| Stocks | 30/36 | €33,662 | €33,662 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,895 | €57,789 | -€19,106 | -24.8% |
| Trade receivables | 40 | €70,000 | €56,803 | -€13,197 | -18.9% |
| Other amounts receivable | 41 | €6,895 | €986 | -€5,909 | -85.7% |
| Cash at bank and in hand | 54/58 | €61,690 | €88,171 | +€26,481 | +42.9% |
| Deferred charges and accrued income | 490/1 | €5,335 | €3,842 | -€1,493 | -28.0% |
| Total equity and liabilities | 10/49 | €7,948,799 | €9,360,226 | +€1.4m | +17.8% |
| Equity | 10/15 | €7,365,799 | €6,985,994 | -€379,805 | -5.2% |
| Contributions | 10/11 | €8,555,413 | €8,555,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,189,614 | -€1,569,419 | -€379,805 | -31.9% |
| Amounts payable | 17/49 | €583,001 | €2,374,232 | +€1.8m | +307% |
| Amounts payable after more than one year | 17 | €528,928 | €2,313,610 | +€1.8m | +337% |
| Other amounts payable | 178/9 | €528,928 | €2,313,610 | +€1.8m | +337% |
| Amounts payable within one year | 42/48 | €45,681 | €52,586 | +€6,905 | +15.1% |
| Trade debts | 44 | €42,901 | €47,642 | +€4,741 | +11.1% |
| Suppliers | 440/4 | €42,901 | €47,642 | +€4,741 | +11.1% |
| Taxes, remuneration and social security | 45 | €2,779 | €4,944 | +€2,164 | +77.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,779 | €4,944 | +€2,164 | +77.9% |
| Accrued charges and deferred income | 492/3 | €8,392 | €8,036 | -€356 | -4.2% |
| Remuneration, social security and pensions | 62 | €50,231 | €42,019 | -€8,212 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,621 | €376,785 | +€1,164 | +0.3% |
| Other operating charges | 640/8 | €13,884 | €14,149 | +€265 | +1.9% |
| Gross operating margin | 9900 | €46,799 | €53,781 | +€6,982 | +14.9% |
| Operating profit (loss) | 9901 | -€392,937 | -€379,171 | +€13,766 | +3.5% |
| Financial income | 75/76B | €13,180 | €0 | -€13,180 | -100% |
| Recurring financial income | 75 | €13,180 | €0 | -€13,180 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,019 | €634 | -€1,385 | -68.6% |
| Recurring financial charges | 65 | €2,019 | €634 | -€1,385 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€381,775 | -€379,805 | +€1,970 | +0.5% |
| Profit (loss) for the period | 9904 | -€381,775 | -€379,805 | +€1,970 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€381,775 | -€379,805 | +€1,970 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.