Agence Muyle: 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.
Agence Muyle
Largest movements
- Cash -€62,987
down €62,987 (-70.0%), from €90,033 to €27,046
- Receivables within one year +€15,789
up €15,789 (+5.2%), from €305,398 to €321,187
of which Trade receivables: +€14,801
- Other debts -€117,327
down €117,327 (-31.6%), from €371,407 to €254,080
- Tax, wage and social debts +€47,403
up €47,403 (+117%), from €40,547 to €87,950
of which Remuneration and social security: +€32,601
- Trade debts +€35,382
up €35,382 (+503%), from €7,041 to €42,422
- Profit (loss) carried forward -€13,195
down €13,195 (-14.4%), from -€91,934 to -€105,129
- Staff costs +€28,278
up €28,278 (+10.0%), from €283,177 to €311,455
- Financial charges +€5,928
up €5,928 (+402%), from €1,476 to €7,404
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,970 | €348,232 | -€47,737 | -12.1% |
| Fixed assets | 21/28 | €539 | €0 | -€539 | -100% |
| Tangible fixed assets | 22/27 | €539 | €0 | -€539 | -100% |
| Furniture and vehicles | 24 | €539 | €0 | -€539 | -100% |
| Current assets | 29/58 | €395,431 | €348,232 | -€47,199 | -11.9% |
| Amounts receivable within one year | 40/41 | €305,398 | €321,187 | +€15,789 | +5.2% |
| Trade receivables | 40 | €286,520 | €301,322 | +€14,801 | +5.2% |
| Other amounts receivable | 41 | €18,878 | €19,865 | +€987 | +5.2% |
| Cash at bank and in hand | 54/58 | €90,033 | €27,046 | -€62,987 | -70.0% |
| Total equity and liabilities | 10/49 | €395,970 | €348,232 | -€47,737 | -12.1% |
| Equity | 10/15 | -€23,025 | -€36,220 | -€13,195 | -57.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,909 | €6,909 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €146 | €146 | = | 0.0% |
| Distributable reserves | 133 | €563 | €563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,934 | -€105,129 | -€13,195 | -14.4% |
| Amounts payable | 17/49 | €418,995 | €384,453 | -€34,543 | -8.2% |
| Amounts payable within one year | 42/48 | €418,995 | €384,453 | -€34,543 | -8.2% |
| Trade debts | 44 | €7,041 | €42,422 | +€35,382 | +503% |
| Suppliers | 440/4 | €7,041 | €42,422 | +€35,382 | +503% |
| Taxes, remuneration and social security | 45 | €40,547 | €87,950 | +€47,403 | +117% |
| Taxes | 450/3 | €1,622 | €16,424 | +€14,802 | +913% |
| Remuneration and social security | 454/9 | €38,925 | €71,526 | +€32,601 | +83.8% |
| Other amounts payable | 47/48 | €371,407 | €254,080 | -€117,327 | -31.6% |
| Remuneration, social security and pensions | 62 | €283,177 | €311,455 | +€28,278 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €231 | -€453 | -66.3% |
| Other operating charges | 640/8 | €2,754 | €2,390 | -€364 | -13.2% |
| Gross operating margin | 9900 | €299,387 | €302,072 | +€2,685 | +0.9% |
| Operating profit (loss) | 9901 | €12,772 | -€12,004 | -€24,775 | |
| Financial income | 75/76B | €159 | €153 | -€6 | -3.6% |
| Recurring financial income | 75 | €159 | €153 | -€6 | -3.6% |
| Financial charges | 65/66B | €1,476 | €7,404 | +€5,928 | +402% |
| Recurring financial charges | 65 | €1,476 | €7,404 | +€5,928 | +402% |
| Profit (loss) for the period before taxes | 9903 | €11,454 | -€19,255 | -€30,709 | |
| Profit (loss) for the period | 9904 | €11,454 | -€19,255 | -€30,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,454 | -€19,255 | -€30,709 |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 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.