MUWESOME: 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.
MUWESOME
Largest movements
- Cash +€22,113
up €22,113 (+22.8%), from €97,007 to €119,119
mainly Net result for the year (+€20,145) and Depreciation (+€5,656)
- Receivables within one year -€5,654
down €5,654 (-28.7%), from €19,697 to €14,043
of which Other amounts receivable: -€3,222
- Tangible fixed assets -€3,642
down €3,642 (-45.1%), from €8,081 to €4,440
of which Furniture and vehicles: -€2,999
- Reserves +€20,145
up €20,145 (+19.7%), from €102,318 to €122,463
- Other debts -€5,725
down €5,725 (-73.6%), from €7,777 to €2,052
- Trade debts -€1,720
down €1,720 (-51.1%), from €3,369 to €1,649
- Gross operating margin +€19,861
up €19,861 (+137.6%), from €14,438 to €34,299
- Taxes +€4,862
up €4,862 (+164.5%), from €2,955 to €7,816
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 | €124,785 | €137,602 | +€12,817 | +10.3% |
| Fixed assets | 21/28 | €8,081 | €4,440 | -€3,642 | -45.1% |
| Tangible fixed assets | 22/27 | €8,081 | €4,440 | -€3,642 | -45.1% |
| Furniture and vehicles | 24 | €7,391 | €4,391 | -€2,999 | -40.6% |
| Leasing and similar rights | 25 | €691 | €48 | -€642 | -93.0% |
| Current assets | 29/58 | €116,704 | €133,162 | +€16,459 | +14.1% |
| Amounts receivable within one year | 40/41 | €19,697 | €14,043 | -€5,654 | -28.7% |
| Trade receivables | 40 | €12,652 | €10,220 | -€2,432 | -19.2% |
| Other amounts receivable | 41 | €7,045 | €3,824 | -€3,222 | -45.7% |
| Cash at bank and in hand | 54/58 | €97,007 | €119,119 | +€22,113 | +22.8% |
| Total equity and liabilities | 10/49 | €124,785 | €137,602 | +€12,817 | +10.3% |
| Equity | 10/15 | €107,138 | €127,283 | +€20,145 | +18.8% |
| Contributions | 10/11 | €4,820 | €4,820 | = | 0.0% |
| Contributions outside capital | 11 | €4,820 | €4,820 | = | 0.0% |
| Other | 1109/19 | €4,820 | €4,820 | = | 0.0% |
| Reserves | 13 | €102,318 | €122,463 | +€20,145 | +19.7% |
| Distributable reserves | 133 | €102,318 | €122,463 | +€20,145 | +19.7% |
| Amounts payable | 17/49 | €17,647 | €10,319 | -€7,328 | -41.5% |
| Amounts payable within one year | 42/48 | €17,647 | €10,319 | -€7,328 | -41.5% |
| Financial debts | 43 | €348 | - | -€348 | |
| Credit institutions | 430/8 | €348 | - | -€348 | |
| Trade debts | 44 | €3,369 | €1,649 | -€1,720 | -51.1% |
| Suppliers | 440/4 | €3,369 | €1,649 | -€1,720 | -51.1% |
| Taxes, remuneration and social security | 45 | €6,154 | €6,619 | +€466 | +7.6% |
| Taxes | 450/3 | €4,030 | €4,496 | +€466 | +11.6% |
| Remuneration and social security | 454/9 | €2,123 | €2,123 | = | 0.0% |
| Other amounts payable | 47/48 | €7,777 | €2,052 | -€5,725 | -73.6% |
| Non-recurring operating income | 76A | - | €7,851 | +€7,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,652 | €5,656 | +€5 | +0.1% |
| Other operating charges | 640/8 | €645 | €610 | -€35 | -5.4% |
| Gross operating margin | 9900 | €14,438 | €34,299 | +€19,861 | +137.6% |
| Operating profit (loss) | 9901 | €8,142 | €28,033 | +€19,891 | +244.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €85 | €72 | -€13 | -15.6% |
| Recurring financial charges | 65 | €85 | €72 | -€13 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €8,057 | €27,961 | +€19,904 | +247.0% |
| Income taxes | 67/77 | €2,955 | €7,816 | +€4,862 | +164.5% |
| Profit (loss) for the period | 9904 | €5,103 | €20,145 | +€15,042 | +294.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,103 | €20,145 | +€15,042 | +294.8% |
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 10 October 2026 via checked.be.