MUUZLI: 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.
MUUZLI
Largest movements
- Current investments +€24,389
up €24,389 (+100.0%), from €24,390 to €48,779
- Cash +€19,138
up €19,138 (+14.2%), from €134,406 to €153,544
mainly Net result for the year (+€43,995) and Tax, wage and social debts (+€9,703)
- Receivables within one year +€4,913
up €4,913 (+15.1%), from €32,459 to €37,372
- Reserves +€43,995
up €43,995 (+29.8%), from €147,503 to €191,498
- Tax, wage and social debts +€9,703
up €9,703 (+25.0%), from €38,886 to €48,589
of which Taxes: +€9,703
- Gross operating margin -€43,622
down €43,622 (-42.0%), from €103,764 to €60,142
- Taxes -€9,571
down €9,571 (-44.1%), from €21,718 to €12,147
- Financial charges +€2,064
up €2,064 (+306%), from €674 to €2,738
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 | €192,970 | €244,055 | +€51,085 | +26.5% |
| Fixed assets | 21/28 | €1,684 | €3,755 | +€2,071 | +123% |
| Tangible fixed assets | 22/27 | €1,684 | €3,755 | +€2,071 | +123% |
| Plant, machinery and equipment | 23 | - | €1,496 | +€1,496 | |
| Furniture and vehicles | 24 | €1,684 | €2,259 | +€575 | +34.1% |
| Current assets | 29/58 | €191,286 | €240,300 | +€49,014 | +25.6% |
| Amounts receivable within one year | 40/41 | €32,459 | €37,372 | +€4,913 | +15.1% |
| Trade receivables | 40 | €32,459 | €37,372 | +€4,913 | +15.1% |
| Current investments | 50/53 | €24,390 | €48,779 | +€24,389 | +100.0% |
| Cash at bank and in hand | 54/58 | €134,406 | €153,544 | +€19,138 | +14.2% |
| Deferred charges and accrued income | 490/1 | €31 | €605 | +€574 | +1,855% |
| Total equity and liabilities | 10/49 | €192,970 | €244,055 | +€51,085 | +26.5% |
| Equity | 10/15 | €149,503 | €193,498 | +€43,995 | +29.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €147,503 | €191,498 | +€43,995 | +29.8% |
| Distributable reserves | 133 | €147,503 | €191,498 | +€43,995 | +29.8% |
| Amounts payable | 17/49 | €43,468 | €50,557 | +€7,090 | +16.3% |
| Amounts payable within one year | 42/48 | €43,468 | €50,138 | +€6,671 | +15.3% |
| Trade debts | 44 | €3,139 | €726 | -€2,412 | -76.9% |
| Suppliers | 440/4 | €3,139 | €726 | -€2,412 | -76.9% |
| Taxes, remuneration and social security | 45 | €38,886 | €48,589 | +€9,703 | +25.0% |
| Taxes | 450/3 | €36,886 | €46,589 | +€9,703 | +26.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,443 | €823 | -€620 | -43.0% |
| Accrued charges and deferred income | 492/3 | - | €419 | +€419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €1,234 | +€954 | +341% |
| Other operating charges | 640/8 | €210 | €666 | +€455 | +217% |
| Gross operating margin | 9900 | €103,764 | €60,142 | -€43,622 | -42.0% |
| Operating profit (loss) | 9901 | €103,274 | €58,242 | -€45,032 | -43.6% |
| Financial income | 75/76B | €0 | €638 | +€638 | +3,191,900% |
| Recurring financial income | 75 | €0 | €638 | +€638 | +3,191,900% |
| Financial charges | 65/66B | €674 | €2,738 | +€2,064 | +306% |
| Recurring financial charges | 65 | €674 | €2,738 | +€2,064 | +306% |
| Profit (loss) for the period before taxes | 9903 | €102,600 | €56,143 | -€46,457 | -45.3% |
| Income taxes | 67/77 | €21,718 | €12,147 | -€9,571 | -44.1% |
| Profit (loss) for the period | 9904 | €80,882 | €43,995 | -€36,886 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,882 | €43,995 | -€36,886 | -45.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.