Dan Muylle: 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.
Dan Muylle
Largest movements
- Cash +€12,056
up €12,056 (+165%), from €7,300 to €19,356
mainly Depreciation (+€11,471) and Receivables within one year (+€10,683)
- Tangible fixed assets -€10,690
down €10,690 (-20.2%), from €53,025 to €42,335
of which Furniture and vehicles: -€10,759
- Receivables within one year -€10,683
down €10,683 (-54.0%), from €19,781 to €9,098
of which Trade receivables: -€9,398
- Other debts -€11,129
down €11,129 (-43.0%), from €25,876 to €14,747
- Reserves +€1,600
up €1,600 (+10.4%), from €15,400 to €17,000
of which Distributable reserves: +€1,600
- Accrued charges and deferred income +€1,526
new in 2025: €1,526
- Tax, wage and social debts -€1,523
down €1,523 (-21.7%), from €7,005 to €5,482
of which Remuneration and social security: -€2,134
- Gross operating margin +€3,263
up €3,263 (+25.2%), from €12,949 to €16,212
- Financial charges +€1,459
up €1,459 (+3,741%), from €39 to €1,498
- Depreciation +€540
up €540 (+4.9%), from €10,931 to €11,471
- Taxes +€288
up €288 (+32.5%), from €888 to €1,176
- Other operating charges -€199
down €199 (-30.2%), from €658 to €459
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 | €83,919 | €74,797 | -€9,122 | -10.9% |
| Fixed assets | 21/28 | €53,525 | €42,835 | -€10,690 | -20.0% |
| Tangible fixed assets | 22/27 | €53,025 | €42,335 | -€10,690 | -20.2% |
| Land and buildings | 22 | €738 | €700 | -€38 | -5.1% |
| Plant, machinery and equipment | 23 | €1,972 | €2,078 | +€106 | +5.4% |
| Furniture and vehicles | 24 | €50,316 | €39,557 | -€10,759 | -21.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €30,395 | €31,962 | +€1,567 | +5.2% |
| Amounts receivable within one year | 40/41 | €19,781 | €9,098 | -€10,683 | -54.0% |
| Trade receivables | 40 | €17,868 | €8,470 | -€9,398 | -52.6% |
| Other amounts receivable | 41 | €1,912 | €628 | -€1,284 | -67.2% |
| Cash at bank and in hand | 54/58 | €7,300 | €19,356 | +€12,056 | +165% |
| Deferred charges and accrued income | 490/1 | €3,314 | €3,508 | +€194 | +5.9% |
| Total equity and liabilities | 10/49 | €83,919 | €74,797 | -€9,122 | -10.9% |
| Equity | 10/15 | €50,490 | €52,098 | +€1,608 | +3.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,400 | €17,000 | +€1,600 | +10.4% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €15,300 | €16,900 | +€1,600 | +10.5% |
| Profit (loss) carried forward | 14 | €34,090 | €34,098 | +€8 | 0.0% |
| Amounts payable | 17/49 | €33,429 | €22,699 | -€10,730 | -32.1% |
| Amounts payable within one year | 42/48 | €33,429 | €21,173 | -€12,256 | -36.7% |
| Trade debts | 44 | €548 | €944 | +€396 | +72.2% |
| Suppliers | 440/4 | €548 | €944 | +€396 | +72.2% |
| Taxes, remuneration and social security | 45 | €7,005 | €5,482 | -€1,523 | -21.7% |
| Taxes | 450/3 | €2,737 | €3,348 | +€611 | +22.3% |
| Remuneration and social security | 454/9 | €4,268 | €2,134 | -€2,134 | -50.0% |
| Other amounts payable | 47/48 | €25,876 | €14,747 | -€11,129 | -43.0% |
| Accrued charges and deferred income | 492/3 | - | €1,526 | +€1,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,931 | €11,471 | +€540 | +4.9% |
| Other operating charges | 640/8 | €658 | €459 | -€199 | -30.2% |
| Gross operating margin | 9900 | €12,949 | €16,212 | +€3,263 | +25.2% |
| Operating profit (loss) | 9901 | €1,360 | €4,282 | +€2,922 | +215% |
| Financial charges | 65/66B | €39 | €1,498 | +€1,459 | +3,741% |
| Recurring financial charges | 65 | €39 | €1,498 | +€1,459 | +3,741% |
| Profit (loss) for the period before taxes | 9903 | €1,321 | €2,784 | +€1,463 | +111% |
| Income taxes | 67/77 | €888 | €1,176 | +€288 | +32.5% |
| Profit (loss) for the period | 9904 | €433 | €1,608 | +€1,175 | +271% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €1,608 | +€1,175 | +271% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.