MUVI: 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.
MUVI
Largest movements
- Receivables within one year +€36,833
up €36,833 (+360.9%), from €10,205 to €47,038
of which Other amounts receivable: +€43,896
- Cash +€18,165
up €18,165 (+117.3%), from €15,480 to €33,645
mainly Net result for the year (+€21,152) and Other debts (+€20,606)
- Tangible fixed assets -€6,812
down €6,812 (-21.9%), from €31,145 to €24,333
of which Plant, machinery and equipment: -€6,721
- Other debts +€20,606
up €20,606 (+5229.9%), from €394 to €21,000
- Trade debts +€15,055
up €15,055 (+1385.0%), from €1,087 to €16,142
- Tax, wage and social debts +€11,840
up €11,840 (+66.4%), from €17,824 to €29,664
of which Remuneration and social security: +€7,022
- Turnover +€216,321
up €216,321 (+37.6%), from €574,723 to €791,044
- Purchases and services +€146,105
up €146,105 (+34.1%), from €428,416 to €574,521
- Gross operating margin +€70,216
up €70,216 (+48.0%), from €146,307 to €216,523
- Staff costs +€54,045
up €54,045 (+46.0%), from €117,490 to €171,535
- Financial charges +€10,297
up €10,297 (+549.2%), from €1,875 to €12,172
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 | €70,390 | €118,043 | +€47,653 | +67.7% |
| Fixed assets | 21/28 | €35,945 | €29,133 | -€6,812 | -19.0% |
| Tangible fixed assets | 22/27 | €31,145 | €24,333 | -€6,812 | -21.9% |
| Plant, machinery and equipment | 23 | €31,054 | €24,333 | -€6,721 | -21.6% |
| Furniture and vehicles | 24 | €91 | - | -€91 | |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €34,445 | €88,910 | +€54,465 | +158.1% |
| Stocks and contracts in progress | 3 | €8,228 | €8,227 | -€1 | 0.0% |
| Stocks | 30/36 | €8,228 | €8,227 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €10,205 | €47,038 | +€36,833 | +360.9% |
| Trade receivables | 40 | €10,104 | €3,041 | -€7,063 | -69.9% |
| Other amounts receivable | 41 | €101 | €43,997 | +€43,896 | +43461.4% |
| Cash at bank and in hand | 54/58 | €15,480 | €33,645 | +€18,165 | +117.3% |
| Deferred charges and accrued income | 490/1 | €532 | - | -€532 | |
| Total equity and liabilities | 10/49 | €70,390 | €118,043 | +€47,653 | +67.7% |
| Equity | 10/15 | €51,085 | €51,237 | +€152 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,025 | €24,177 | +€152 | +0.6% |
| Amounts payable | 17/49 | €19,305 | €66,806 | +€47,501 | +246.1% |
| Amounts payable within one year | 42/48 | €19,305 | €66,806 | +€47,501 | +246.1% |
| Trade debts | 44 | €1,087 | €16,142 | +€15,055 | +1385.0% |
| Suppliers | 440/4 | €1,087 | €16,142 | +€15,055 | +1385.0% |
| Taxes, remuneration and social security | 45 | €17,824 | €29,664 | +€11,840 | +66.4% |
| Taxes | 450/3 | €2,248 | €7,066 | +€4,818 | +214.3% |
| Remuneration and social security | 454/9 | €15,576 | €22,598 | +€7,022 | +45.1% |
| Other amounts payable | 47/48 | €394 | €21,000 | +€20,606 | +5229.9% |
| Turnover | 70 | €574,723 | €791,044 | +€216,321 | +37.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €428,416 | €574,521 | +€146,105 | +34.1% |
| Remuneration, social security and pensions | 62 | €117,490 | €171,535 | +€54,045 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,812 | €6,812 | = | 0.0% |
| Other operating charges | 640/8 | €440 | €5,531 | +€5,091 | +1157.0% |
| Gross operating margin | 9900 | €146,307 | €216,523 | +€70,216 | +48.0% |
| Operating profit (loss) | 9901 | €21,565 | €32,645 | +€11,080 | +51.4% |
| Financial income | 75/76B | €20 | €679 | +€659 | +3295.0% |
| Recurring financial income | 75 | €20 | €679 | +€659 | +3295.0% |
| Financial charges | 65/66B | €1,875 | €12,172 | +€10,297 | +549.2% |
| Recurring financial charges | 65 | €1,875 | €12,172 | +€10,297 | +549.2% |
| Profit (loss) for the period before taxes | 9903 | €19,710 | €21,152 | +€1,442 | +7.3% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | €19,706 | €21,152 | +€1,446 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,706 | €21,152 | +€1,446 | +7.3% |
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.