MOUTON: 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.
MOUTON
Largest movements
- Cash -€17,873
down €17,873 (-24.2%), from €73,959 to €56,085
mainly Trade debts (-€29,460) and Tax, wage and social debts (-€5,146)
- Stocks and contracts -€17,491
down €17,491 (-27.1%), from €64,565 to €47,074
- Tangible fixed assets -€4,304
down €4,304 (-19.6%), from €22,012 to €17,708
of which Leasing and similar rights: -€2,457
- Receivables within one year +€3,461
up €3,461 (+47.1%), from €7,341 to €10,802
of which Trade receivables: +€2,400
- Trade debts -€29,460
down €29,460 (-40.2%), from €73,316 to €43,856
- Tax, wage and social debts -€5,146
down €5,146 (-16.4%), from €31,353 to €26,207
of which Taxes: -€4,749
- Profit (loss) carried forward +€2,330
up €2,330 (+13.1%), from -€17,724 to -€15,394
- Debts after one year -€2,300
no longer reported in 2025 (was €2,300)
- Gross operating margin +€35,667
up €35,667 (+233%), from €15,318 to €50,985
- Staff costs +€9,304
up €9,304 (+24.1%), from €38,539 to €47,842
- Other operating charges -€4,972
down €4,972 (-76.3%), from €6,520 to €1,548
- Write-downs +€2,992
up €2,992 (+23.3%), from -€12,821 to -€9,830
- Depreciation -€1,111
down €1,111 (-16.9%), from €6,553 to €5,442
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 | €170,686 | €135,954 | -€34,732 | -20.3% |
| Fixed assets | 21/28 | €22,222 | €17,918 | -€4,304 | -19.4% |
| Tangible fixed assets | 22/27 | €22,012 | €17,708 | -€4,304 | -19.6% |
| Furniture and vehicles | 24 | €14,289 | €13,138 | -€1,151 | -8.1% |
| Leasing and similar rights | 25 | €4,698 | €2,242 | -€2,457 | -52.3% |
| Other tangible fixed assets | 26 | €3,025 | €2,328 | -€697 | -23.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €148,463 | €118,036 | -€30,427 | -20.5% |
| Stocks and contracts in progress | 3 | €64,565 | €47,074 | -€17,491 | -27.1% |
| Stocks | 30/36 | €64,565 | €47,074 | -€17,491 | -27.1% |
| Amounts receivable within one year | 40/41 | €7,341 | €10,802 | +€3,461 | +47.1% |
| Trade receivables | 40 | - | €2,400 | +€2,400 | |
| Other amounts receivable | 41 | €7,341 | €8,402 | +€1,061 | +14.4% |
| Cash at bank and in hand | 54/58 | €73,959 | €56,085 | -€17,873 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,598 | €4,074 | +€1,476 | +56.8% |
| Total equity and liabilities | 10/49 | €170,686 | €135,954 | -€34,732 | -20.3% |
| Equity | 10/15 | €61,736 | €64,066 | +€2,330 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,860 | €60,860 | = | 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 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,724 | -€15,394 | +€2,330 | +13.1% |
| Amounts payable | 17/49 | €108,950 | €71,888 | -€37,062 | -34.0% |
| Amounts payable after more than one year | 17 | €2,300 | - | -€2,300 | |
| Financial debts | 170/4 | €2,300 | - | -€2,300 | |
| Amounts payable within one year | 42/48 | €106,494 | €71,888 | -€34,606 | -32.5% |
| Trade debts | 44 | €73,316 | €43,856 | -€29,460 | -40.2% |
| Suppliers | 440/4 | €73,316 | €43,856 | -€29,460 | -40.2% |
| Advances received on contracts in progress | 46 | €1,825 | €1,825 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,353 | €26,207 | -€5,146 | -16.4% |
| Taxes | 450/3 | €24,854 | €20,105 | -€4,749 | -19.1% |
| Remuneration and social security | 454/9 | €6,499 | €6,102 | -€397 | -6.1% |
| Accrued charges and deferred income | 492/3 | €155 | - | -€155 | |
| Remuneration, social security and pensions | 62 | €38,539 | €47,842 | +€9,304 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,553 | €5,442 | -€1,111 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,821 | -€9,830 | +€2,992 | +23.3% |
| Other operating charges | 640/8 | €6,520 | €1,548 | -€4,972 | -76.3% |
| Gross operating margin | 9900 | €15,318 | €50,985 | +€35,667 | +233% |
| Operating profit (loss) | 9901 | -€23,472 | €5,982 | +€29,454 | |
| Financial income | 75/76B | €901 | €348 | -€554 | -61.4% |
| Recurring financial income | 75 | €901 | €348 | -€554 | -61.4% |
| Financial charges | 65/66B | €2,818 | €3,568 | +€749 | +26.6% |
| Recurring financial charges | 65 | €2,818 | €3,568 | +€749 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,389 | €2,762 | +€28,151 | |
| Income taxes | 67/77 | €493 | €432 | -€62 | -12.5% |
| Profit (loss) for the period | 9904 | -€25,882 | €2,330 | +€28,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,882 | €2,330 | +€28,212 |
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.