ORGELMAKER DE MUNCK-CLAESSENS: 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.
ORGELMAKER DE MUNCK-CLAESSENS
Largest movements
- Cash +€92,681
up €92,681 (+26.2%), from €353,488 to €446,168
mainly Net result for the year (+€137,022) and Other debts (+€107,331)
- Receivables within one year -€71,724
down €71,724 (-44.7%), from €160,439 to €88,716
of which Trade receivables: -€96,809
- Tangible fixed assets +€27,821
up €27,821 (+12.3%), from €225,893 to €253,714
of which Furniture and vehicles: +€33,529
- Other debts +€107,331
up €107,331 (+194.7%), from €55,127 to €162,459
- Reserves -€24,691
down €24,691 (-5.4%), from €456,399 to €431,708
- Trade debts -€16,637
down €16,637 (-42.2%), from €39,387 to €22,750
- Tax, wage and social debts -€14,160
down €14,160 (-42.1%), from €33,631 to €19,472
of which Taxes: -€11,341
- Current portion of long-term debt +€13,355
up €13,355 (+78.7%), from €16,975 to €30,330
- Gross operating margin +€70,720
up €70,720 (+29.7%), from €238,342 to €309,062
- Taxes +€27,009
up €27,009 (+82.2%), from €32,862 to €59,871
- Staff costs -€21,349
down €21,349 (-20.2%), from €105,456 to €84,108
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 | €767,746 | €822,146 | +€54,400 | +7.1% |
| Fixed assets | 21/28 | €225,893 | €253,714 | +€27,821 | +12.3% |
| Tangible fixed assets | 22/27 | €225,893 | €253,714 | +€27,821 | +12.3% |
| Land and buildings | 22 | €158,689 | €153,876 | -€4,813 | -3.0% |
| Plant, machinery and equipment | 23 | €54,087 | €53,749 | -€338 | -0.6% |
| Furniture and vehicles | 24 | €10,473 | €44,002 | +€33,529 | +320.1% |
| Other tangible fixed assets | 26 | €2,644 | €2,087 | -€557 | -21.1% |
| Current assets | 29/58 | €541,853 | €568,432 | +€26,579 | +4.9% |
| Stocks and contracts in progress | 3 | €24,573 | €29,402 | +€4,829 | +19.7% |
| Stocks | 30/36 | €24,573 | €29,402 | +€4,829 | +19.7% |
| Amounts receivable within one year | 40/41 | €160,439 | €88,716 | -€71,724 | -44.7% |
| Trade receivables | 40 | €136,314 | €39,506 | -€96,809 | -71.0% |
| Other amounts receivable | 41 | €24,125 | €49,210 | +€25,085 | +104.0% |
| Cash at bank and in hand | 54/58 | €353,488 | €446,168 | +€92,681 | +26.2% |
| Deferred charges and accrued income | 490/1 | €3,353 | €4,146 | +€793 | +23.7% |
| Total equity and liabilities | 10/49 | €767,746 | €822,146 | +€54,400 | +7.1% |
| Equity | 10/15 | €491,149 | €466,458 | -€24,691 | -5.0% |
| Contributions | 10/11 | €34,750 | €34,750 | = | 0.0% |
| Reserves | 13 | €456,399 | €431,708 | -€24,691 | -5.4% |
| Distributable reserves | 133 | €456,399 | €431,708 | -€24,691 | -5.4% |
| Amounts payable | 17/49 | €276,597 | €355,688 | +€79,091 | +28.6% |
| Amounts payable after more than one year | 17 | €127,715 | €120,678 | -€7,037 | -5.5% |
| Financial debts | 170/4 | €127,715 | €120,678 | -€7,037 | -5.5% |
| Amounts payable within one year | 42/48 | €145,120 | €235,010 | +€89,890 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €16,975 | €30,330 | +€13,355 | +78.7% |
| Trade debts | 44 | €39,387 | €22,750 | -€16,637 | -42.2% |
| Suppliers | 440/4 | €39,387 | €22,750 | -€16,637 | -42.2% |
| Taxes, remuneration and social security | 45 | €33,631 | €19,472 | -€14,160 | -42.1% |
| Taxes | 450/3 | €26,173 | €14,831 | -€11,341 | -43.3% |
| Remuneration and social security | 454/9 | €7,459 | €4,640 | -€2,818 | -37.8% |
| Other amounts payable | 47/48 | €55,127 | €162,459 | +€107,331 | +194.7% |
| Accrued charges and deferred income | 492/3 | €3,762 | - | -€3,762 | |
| Non-recurring operating income | 76A | - | €1,446 | +€1,446 | |
| Remuneration, social security and pensions | 62 | €105,456 | €84,108 | -€21,349 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,437 | €24,714 | +€2,277 | +10.1% |
| Other operating charges | 640/8 | €1,806 | €2,410 | +€603 | +33.4% |
| Non-recurring operating charges | 66A | - | €157 | +€157 | |
| Gross operating margin | 9900 | €238,342 | €309,062 | +€70,720 | +29.7% |
| Operating profit (loss) | 9901 | €108,642 | €197,673 | +€89,031 | +81.9% |
| Financial income | 75/76B | €1,495 | €2,318 | +€823 | +55.0% |
| Recurring financial income | 75 | €1,495 | €2,318 | +€823 | +55.0% |
| Financial charges | 65/66B | €2,647 | €3,098 | +€451 | +17.0% |
| Recurring financial charges | 65 | €2,647 | €3,098 | +€451 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €107,490 | €196,893 | +€89,403 | +83.2% |
| Income taxes | 67/77 | €32,862 | €59,871 | +€27,009 | +82.2% |
| Profit (loss) for the period | 9904 | €74,629 | €137,022 | +€62,394 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,629 | €137,022 | +€62,394 | +83.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.