DE MUIS: 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.
DE MUIS
Largest movements
- Receivables within one year -€691,830
down €691,830 (-52.8%), from €1.3m to €619,050
of which Other amounts receivable: -€785,000
- Cash -€114,743
down €114,743 (-60.4%), from €190,118 to €75,375
mainly Debts after one year (-€2.3m) and Accrued charges and deferred income (-€28,123)
- Debts after one year -€2.3m
down €2.3m (-64.8%), from €3.5m to €1.2m
- Other debts +€1.5m
up €1.5m (+254.6%), from €600,501 to €2.1m
- Financial income -€401,949
down €401,949 (-100.0%), from €401,949 to €0
- Taxes -€35,836
down €35,836 (-94.3%), from €38,008 to €2,172
- Financial charges -€30,134
down €30,134 (-12.6%), from €239,083 to €208,949
- Gross operating margin -€21,449
down €21,449 (-9.0%), from €237,657 to €216,208
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,819,001 | €6,012,426 | -€806,575 | -11.8% |
| Fixed assets | 21/28 | €5,315,763 | €5,315,763 | = | 0.0% |
| Financial fixed assets | 28 | €5,315,763 | €5,315,763 | = | 0.0% |
| Current assets | 29/58 | €1,503,238 | €696,663 | -€806,575 | -53.7% |
| Amounts receivable within one year | 40/41 | €1,310,880 | €619,050 | -€691,830 | -52.8% |
| Trade receivables | 40 | €33,880 | €127,050 | +€93,170 | +275.0% |
| Other amounts receivable | 41 | €1,277,000 | €492,000 | -€785,000 | -61.5% |
| Cash at bank and in hand | 54/58 | €190,118 | €75,375 | -€114,743 | -60.4% |
| Deferred charges and accrued income | 490/1 | €2,239 | €2,238 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €6,819,001 | €6,012,426 | -€806,575 | -11.8% |
| Equity | 10/15 | €2,127,639 | €2,105,848 | -€21,790 | -1.0% |
| Contributions | 10/11 | €641,580 | €641,580 | = | 0.0% |
| Reserves | 13 | €1,460,822 | €1,439,022 | -€21,800 | -1.5% |
| Non-distributable reserves | 130/1 | €2,850 | €2,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,850 | €2,850 | = | 0.0% |
| Distributable reserves | 133 | €1,457,971 | €1,436,171 | -€21,800 | -1.5% |
| Profit (loss) carried forward | 14 | €25,237 | €25,247 | +€10 | 0.0% |
| Amounts payable | 17/49 | €4,691,362 | €3,906,577 | -€784,784 | -16.7% |
| Amounts payable after more than one year | 17 | €3,525,120 | €1,239,406 | -€2.3m | -64.8% |
| Financial debts | 170/4 | €3,525,120 | €1,239,406 | -€2.3m | -64.8% |
| Amounts payable within one year | 42/48 | €930,063 | €2,459,116 | +€1.5m | +164.4% |
| Current portion of amounts payable after more than one year | 42 | €285,714 | €285,714 | = | 0.0% |
| Trade debts | 44 | €1,662 | €14,939 | +€13,277 | +799.0% |
| Suppliers | 440/4 | €1,662 | €14,939 | +€13,277 | +799.0% |
| Taxes, remuneration and social security | 45 | €42,186 | €28,886 | -€13,300 | -31.5% |
| Taxes | 450/3 | €42,186 | €28,886 | -€13,300 | -31.5% |
| Other amounts payable | 47/48 | €600,501 | €2,129,577 | +€1.5m | +254.6% |
| Accrued charges and deferred income | 492/3 | €236,179 | €208,056 | -€28,123 | -11.9% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €237,657 | €216,208 | -€21,449 | -9.0% |
| Operating profit (loss) | 9901 | €236,563 | €215,081 | -€21,482 | -9.1% |
| Financial income | 75/76B | €401,949 | €0 | -€401,949 | -100.0% |
| Recurring financial income | 75 | €401,949 | €0 | -€401,949 | -100.0% |
| Financial charges | 65/66B | €239,083 | €208,949 | -€30,134 | -12.6% |
| Recurring financial charges | 65 | €239,083 | €208,949 | -€30,134 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €399,429 | €6,132 | -€393,297 | -98.5% |
| Income taxes | 67/77 | €38,008 | €2,172 | -€35,836 | -94.3% |
| Profit (loss) for the period | 9904 | €361,421 | €3,960 | -€357,462 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €361,421 | €3,960 | -€357,462 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.