MUVANTEX: 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.
What changed
MUVANTEX
NACE 13.200, Manufacture of textiles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,472
2024 · €109,293-€68,821
Equity
€4.7m
2024 · €4.7m+€40,472
Cash
€425,779
2024 · €507,849-€82,070
Balance sheet total
€8.3m
2024 · €7.6m+€721,006
Largest movements
Assets
- Stocks and contracts +€467,278
up €467,278 (+9.4%), from €5.0m to €5.4m
- Tangible fixed assets +€463,759
up €463,759 (+119.9%), from €386,936 to €850,695
of which Leasing and similar rights: +€472,402
- Receivables within one year -€112,146
down €112,146 (-7.0%), from €1.6m to €1.5m
of which Trade receivables: -€323,141
Equity and liabilities
- Short-term financial debts +€448,981
up €448,981 (+879.6%), from €51,044 to €500,025
- Debts after one year +€378,255
up €378,255 (+135.5%), from €279,240 to €657,495
- Trade debts -€316,679
down €316,679 (-19.7%), from €1.6m to €1.3m
Income statement
- Turnover +€3.1m
up €3.1m (+29.3%), from €10.6m to €13.8m
- Goods and materials +€2.9m
up €2.9m (+45.5%), from €6.4m to €9.3m
of which Purchases: +€2.7m
- Staff costs +€293,098
up €293,098 (+20.8%), from €1.4m to €1.7m
- Other operating income +€224,605
up €224,605 (+73.0%), from €307,614 to €532,219
- Financial charges +€150,375
up €150,375 (+71.8%), from €209,463 to €359,838
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
€109,293
Turnover
+€3.1m
Other operating income
+€224,605
Goods and materials
-€2.9m
Services and other goods
-€89,189
Staff costs
-€293,098
Depreciation
-€74,269
Write-downs
-€79,100
Other operating charges
+€82,130
Financial income
+€80,132
Financial charges
-€150,375
Taxes
+€14,879
Result 2025
€40,472
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
-€297,332
Investment
-€664,680
Financing
+€879,943
Cash 2024
€507,849
From operations (derived)
-€297,332
Net result for the year
+€40,472
Depreciation
+€221,266
Stocks and contracts
-€467,278
Receivables within one year
+€112,146
Deferred charges and accrued income
-€4,529
Trade debts
-€316,679
Tax, wage and social debts
+€34,086
Other debts
+€81,921
Accrued charges and deferred income
+€1,263
Investment (derived)
-€664,680
Investment in fixed assets (net)
-€664,680
Financing
+€879,943
Debts after one year
+€378,255
Current portion of long-term debt
+€52,706
Short-term financial debts
+€448,981
Cash 2025
€425,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,574,106 | €8,295,112 | +€721,006 | +9.5% |
| Fixed assets | 21/28 | €431,670 | €875,084 | +€443,415 | +102.7% |
| Intangible fixed assets | 21 | €44,524 | €24,180 | -€20,345 | -45.7% |
| Tangible fixed assets | 22/27 | €386,936 | €850,695 | +€463,759 | +119.9% |
| Land and buildings | 22 | €4,049 | €0 | -€4,049 | -100.0% |
| Plant, machinery and equipment | 23 | €299,867 | €263,667 | -€36,200 | -12.1% |
| Furniture and vehicles | 24 | €41,579 | €35,695 | -€5,884 | -14.2% |
| Leasing and similar rights | 25 | - | €472,402 | +€472,402 | |
| Other tangible fixed assets | 26 | €41,441 | €78,930 | +€37,489 | +90.5% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Other financial fixed assets | 284/8 | €210 | €210 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €7,142,436 | €7,420,028 | +€277,591 | +3.9% |
| Stocks and contracts in progress | 3 | €4,979,584 | €5,446,862 | +€467,278 | +9.4% |
| Stocks | 30/36 | €4,979,584 | €5,446,862 | +€467,278 | +9.4% |
| Raw materials and consumables | 30/31 | €1,511,023 | €1,377,013 | -€134,009 | -8.9% |
| Goods purchased for resale | 34 | €3,468,562 | €4,069,849 | +€601,288 | +17.3% |
| Amounts receivable within one year | 40/41 | €1,594,670 | €1,482,524 | -€112,146 | -7.0% |
| Trade receivables | 40 | €1,454,163 | €1,131,021 | -€323,141 | -22.2% |
| Other amounts receivable | 41 | €140,507 | €351,502 | +€210,995 | +150.2% |
| Cash at bank and in hand | 54/58 | €507,849 | €425,779 | -€82,070 | -16.2% |
| Deferred charges and accrued income | 490/1 | €60,333 | €64,862 | +€4,529 | +7.5% |
| Total equity and liabilities | 10/49 | €7,574,106 | €8,295,112 | +€721,006 | +9.5% |
| Equity | 10/15 | €4,688,122 | €4,728,594 | +€40,472 | +0.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €4,563,122 | €4,603,594 | +€40,472 | +0.9% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,057 | €106,057 | = | 0.0% |
| Distributable reserves | 133 | €4,444,565 | €4,485,037 | +€40,472 | +0.9% |
| Amounts payable | 17/49 | €2,885,984 | €3,566,518 | +€680,534 | +23.6% |
| Amounts payable after more than one year | 17 | €279,240 | €657,495 | +€378,255 | +135.5% |
| Financial debts | 170/4 | €279,240 | €657,495 | +€378,255 | +135.5% |
| Leasing and similar obligations | 172 | - | €432,173 | +€432,173 | |
| Credit institutions | 173 | €279,240 | €225,322 | -€53,918 | -19.3% |
| Amounts payable within one year | 42/48 | €2,601,375 | €2,902,391 | +€301,016 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €145,900 | €198,606 | +€52,706 | +36.1% |
| Financial debts | 43 | €51,044 | €500,025 | +€448,981 | +879.6% |
| Credit institutions | 430/8 | €51,044 | €500,025 | +€448,981 | +879.6% |
| Trade debts | 44 | €1,603,966 | €1,287,287 | -€316,679 | -19.7% |
| Suppliers | 440/4 | €1,603,966 | €1,287,287 | -€316,679 | -19.7% |
| Taxes, remuneration and social security | 45 | €158,498 | €192,584 | +€34,086 | +21.5% |
| Taxes | 450/3 | €17,283 | €28,119 | +€10,836 | +62.7% |
| Remuneration and social security | 454/9 | €141,214 | €164,464 | +€23,250 | +16.5% |
| Other amounts payable | 47/48 | €641,968 | €723,889 | +€81,921 | +12.8% |
| Accrued charges and deferred income | 492/3 | €5,369 | €6,632 | +€1,263 | +23.5% |
| Operating income | 70/76A | €10,956,041 | €14,299,274 | +€3.3m | +30.5% |
| Turnover | 70 | €10,648,427 | €13,767,055 | +€3.1m | +29.3% |
| Other operating income | 74 | €307,614 | €532,219 | +€224,605 | +73.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €10,695,485 | €14,052,174 | +€3.4m | +31.4% |
| Goods for resale, raw materials and consumables | 60 | €6,382,067 | €9,285,231 | +€2.9m | +45.5% |
| Purchases | 600/8 | €7,019,445 | €9,752,510 | +€2.7m | +38.9% |
| Change in stocks: decrease (increase) | 609 | -€637,378 | -€467,278 | +€170,099 | +26.7% |
| Services and other goods | 61 | €2,736,930 | €2,826,119 | +€89,189 | +3.3% |
| Remuneration, social security and pensions | 62 | €1,407,595 | €1,700,693 | +€293,098 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,997 | €221,266 | +€74,269 | +50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€79,061 | €38 | +€79,100 | |
| Other operating charges | 640/8 | €100,957 | €18,827 | -€82,130 | -81.4% |
| Operating profit (loss) | 9901 | €260,557 | €247,100 | -€13,457 | -5.2% |
| Financial income | 75/76B | €96,225 | €176,357 | +€80,132 | +83.3% |
| Recurring financial income | 75 | €96,225 | €176,357 | +€80,132 | +83.3% |
| Other financial income | 752/9 | €96,225 | €176,357 | +€80,132 | +83.3% |
| Financial charges | 65/66B | €209,463 | €359,838 | +€150,375 | +71.8% |
| Recurring financial charges | 65 | €209,463 | €359,838 | +€150,375 | +71.8% |
| Debt charges | 650 | €63,285 | €81,868 | +€18,582 | +29.4% |
| Other financial charges | 652/9 | €146,178 | €277,970 | +€131,793 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €147,318 | €63,619 | -€83,699 | -56.8% |
| Income taxes | 67/77 | €38,025 | €23,146 | -€14,879 | -39.1% |
| Taxes | 670/3 | €38,025 | €23,146 | -€14,879 | -39.1% |
| Profit (loss) for the period | 9904 | €109,293 | €40,472 | -€68,821 | -63.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,043 | €40,472 | +€36,429 | +901.1% |
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 9 October 2026 via checked.be.