MUUSELABS: 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
MUUSELABS
NACE 62.100, Computer programming
fiscal year 2021 against 2022filed annual accounts (NBB)
Net result for the year
-€1.3m
2021 · -€1.4m+€159,060
Equity
€216,102
2021 · €1.6m-€1.4m
Cash
€202,043
2021 · €192,093+€9,950
Balance sheet total
€2.7m
2021 · €2.8m-€122,633
Largest movements
Assets
- Intangible fixed assets -€112,696
down €112,696 (-7.9%), from €1.4m to €1.3m
- Receivables within one year +€30,452
up €30,452 (+3.8%), from €805,348 to €835,800
of which Trade receivables: +€61,892
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m (-47.3%), from -€2.7m to -€3.9m
- Debts after one year +€1.1m
up €1.1m (+231.9%), from €491,405 to €1.6m
- Investment grants -€90,763
down €90,763 (-28.4%), from €319,277 to €228,514
- Accrued charges and deferred income +€50,647
new in 2022: €50,647
- Trade debts +€45,410
up €45,410 (+8.4%), from €538,637 to €584,047
Income statement
- Gross operating margin -€218,458
down €218,458 (-37.3%), from -€585,471 to -€803,929
- Depreciation +€143,822
up €143,822 (+47.1%), from €305,244 to €449,066
- Other operating charges -€66,844
down €66,844 (-86.8%), from €76,969 to €10,125
- Financial charges +€52,018
up €52,018 (+109.0%), from €47,717 to €99,735
- Staff costs -€48,210
down €48,210 (-72.5%), from €66,478 to €18,268
From the 2021 result to the 2022 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 2021
-€1.4m
Gross operating margin
-€218,458
Staff costs
+€48,210
Depreciation
-€143,822
Other operating charges
+€66,844
Other operating items
+€427,743
Financial income
+€30,561
Financial charges
-€52,018
Result 2022
-€1.3m
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€732,010
Investment
-€316,536
Financing
+€1.1m
Cash 2021
€192,093
From operations (derived)
-€732,010
Net result for the year
-€1.3m
Depreciation
+€449,066
Stocks and contracts
+€11,371
Receivables within one year
-€30,452
Deferred charges and accrued income
+€19,133
Trade debts
+€45,410
Tax, wage and social debts
-€10,700
Accrued charges and deferred income
+€50,647
Investment (derived)
-€316,536
Investment in fixed assets (net)
-€316,536
Financing
+€1.1m
Debts after one year
+€1.1m
Current portion of long-term debt
+€5,998
Contributions, distributions and other
-€87,211
Cash 2022
€202,043
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,803,925 | €2,681,292 | -€122,633 | -4.4% |
| Fixed assets | 21/28 | €1,445,106 | €1,312,576 | -€132,530 | -9.2% |
| Intangible fixed assets | 21 | €1,423,452 | €1,310,756 | -€112,696 | -7.9% |
| Tangible fixed assets | 22/27 | €19,834 | €0 | -€19,834 | -100.0% |
| Plant, machinery and equipment | 23 | €19,834 | €0 | -€19,834 | -100.0% |
| Financial fixed assets | 28 | €1,820 | €1,820 | = | 0.0% |
| Current assets | 29/58 | €1,358,819 | €1,368,717 | +€9,898 | +0.7% |
| Stocks and contracts in progress | 3 | €318,920 | €307,549 | -€11,371 | -3.6% |
| Stocks | 30/36 | €318,920 | €307,549 | -€11,371 | -3.6% |
| Amounts receivable within one year | 40/41 | €805,348 | €835,800 | +€30,452 | +3.8% |
| Trade receivables | 40 | €615,679 | €677,571 | +€61,892 | +10.1% |
| Other amounts receivable | 41 | €189,669 | €158,229 | -€31,440 | -16.6% |
| Cash at bank and in hand | 54/58 | €192,093 | €202,043 | +€9,950 | +5.2% |
| Deferred charges and accrued income | 490/1 | €42,458 | €23,325 | -€19,133 | -45.1% |
| Total equity and liabilities | 10/49 | €2,803,925 | €2,681,292 | -€122,633 | -4.4% |
| Equity | 10/15 | €1,569,798 | €216,102 | -€1.4m | -86.2% |
| Contributions | 10/11 | €3,927,414 | €3,930,966 | +€3,552 | +0.1% |
| Capital | 10 | €3,133,911 | €3,137,463 | +€3,552 | +0.1% |
| Issued capital | 100 | €3,137,463 | €3,137,463 | -€0 | 0.0% |
| Uncalled capital | 101 | €3,552 | €0 | -€3,552 | -100.0% |
| Outside capital | 11 | €793,503 | €793,503 | -€0 | 0.0% |
| Share premium | 1100/10 | €793,503 | €793,503 | -€0 | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,678,753 | -€3,945,238 | -€1.3m | -47.3% |
| Investment grants | 15 | €319,277 | €228,514 | -€90,763 | -28.4% |
| Amounts payable | 17/49 | €1,234,127 | €2,465,190 | +€1.2m | +99.8% |
| Amounts payable after more than one year | 17 | €491,405 | €1,631,114 | +€1.1m | +231.9% |
| Financial debts | 170/4 | €491,405 | €1,631,114 | +€1.1m | +231.9% |
| Amounts payable within one year | 42/48 | €742,722 | €783,429 | +€40,707 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €179,294 | €185,292 | +€5,998 | +3.3% |
| Trade debts | 44 | €538,637 | €584,047 | +€45,410 | +8.4% |
| Suppliers | 440/4 | €538,637 | €584,047 | +€45,410 | +8.4% |
| Taxes, remuneration and social security | 45 | €24,791 | €14,091 | -€10,700 | -43.2% |
| Taxes | 450/3 | €12,756 | €14,091 | +€1,335 | +10.5% |
| Remuneration and social security | 454/9 | €12,035 | €0 | -€12,035 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €50,647 | +€50,647 | |
| Non-recurring operating income | 76A | €28,085 | €0 | -€28,085 | -100.0% |
| Remuneration, social security and pensions | 62 | €66,478 | €18,268 | -€48,210 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,244 | €449,066 | +€143,822 | +47.1% |
| Other operating charges | 640/8 | €76,969 | €10,125 | -€66,844 | -86.8% |
| Non-recurring operating charges | 66A | €433,662 | €5,919 | -€427,743 | -98.6% |
| Gross operating margin | 9900 | -€585,471 | -€803,929 | -€218,458 | -37.3% |
| Operating profit (loss) | 9901 | -€1,467,824 | -€1,287,307 | +€180,517 | +12.3% |
| Financial income | 75/76B | €89,996 | €120,557 | +€30,561 | +34.0% |
| Recurring financial income | 75 | €89,996 | €120,557 | +€30,561 | +34.0% |
| Financial charges | 65/66B | €47,717 | €99,735 | +€52,018 | +109.0% |
| Recurring financial charges | 65 | €47,717 | €99,735 | +€52,018 | +109.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,425,545 | -€1,266,485 | +€159,060 | +11.2% |
| Profit (loss) for the period | 9904 | -€1,425,545 | -€1,266,485 | +€159,060 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,425,545 | -€1,266,485 | +€159,060 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.