DE MUYLDER PROPERTIES: 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 MUYLDER PROPERTIES
Largest movements
- Cash -€184,852
down €184,852 (-86.0%), from €215,035 to €30,183
mainly Investment in fixed assets (net) (-€232,133) and Receivables within one year (-€58,346)
- Tangible fixed assets +€174,232
up €174,232 (+9.4%), from €1.8m to €2.0m
of which Land and buildings: +€191,745
- Receivables within one year +€58,346
up €58,346 (+65.5%), from €89,091 to €147,438
of which Trade receivables: +€31,039
- Other debts +€80,235
up €80,235 (+31,168%), from €257 to €80,493
- Trade debts -€54,435
down €54,435 (-19.0%), from €286,716 to €232,281
- Turnover -€1.5m
down €1.5m (-78.8%), from €1.9m to €394,891
- Purchases and services -€1.4m
down €1.4m (-85.1%), from €1.6m to €243,928
- Gross operating margin -€73,050
down €73,050 (-32.6%), from €224,013 to €150,963
- Depreciation +€41,840
up €41,840 (+282%), from €14,844 to €56,684
- Taxes -€32,511
down €32,511 (-89.3%), from €36,389 to €3,877
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 | €2,153,345 | €2,200,338 | +€46,993 | +2.2% |
| Fixed assets | 21/28 | €1,847,268 | €2,022,718 | +€175,450 | +9.5% |
| Intangible fixed assets | 21 | - | €1,217 | +€1,217 | |
| Tangible fixed assets | 22/27 | €1,847,268 | €2,021,501 | +€174,232 | +9.4% |
| Land and buildings | 22 | €1,754,274 | €1,946,019 | +€191,745 | +10.9% |
| Plant, machinery and equipment | 23 | €66,991 | €59,701 | -€7,290 | -10.9% |
| Furniture and vehicles | 24 | €26,004 | €15,781 | -€10,223 | -39.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €306,077 | €177,620 | -€128,456 | -42.0% |
| Amounts receivable within one year | 40/41 | €89,091 | €147,438 | +€58,346 | +65.5% |
| Trade receivables | 40 | €39,375 | €70,414 | +€31,039 | +78.8% |
| Other amounts receivable | 41 | €49,716 | €77,023 | +€27,307 | +54.9% |
| Cash at bank and in hand | 54/58 | €215,035 | €30,183 | -€184,852 | -86.0% |
| Deferred charges and accrued income | 490/1 | €1,951 | - | -€1,951 | |
| Total equity and liabilities | 10/49 | €2,153,345 | €2,200,338 | +€46,993 | +2.2% |
| Equity | 10/15 | €267,724 | €270,088 | +€2,365 | +0.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €266,724 | €269,088 | +€2,365 | +0.9% |
| Amounts payable | 17/49 | €1,885,621 | €1,930,250 | +€44,628 | +2.4% |
| Amounts payable after more than one year | 17 | €1,477,731 | €1,498,692 | +€20,962 | +1.4% |
| Financial debts | 170/4 | €1,310,722 | €1,326,883 | +€16,162 | +1.2% |
| Other amounts payable | 178/9 | €167,009 | €171,809 | +€4,800 | +2.9% |
| Amounts payable within one year | 42/48 | €407,891 | €431,205 | +€23,314 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €68,538 | €82,021 | +€13,484 | +19.7% |
| Trade debts | 44 | €286,716 | €232,281 | -€54,435 | -19.0% |
| Suppliers | 440/4 | €286,716 | €232,281 | -€54,435 | -19.0% |
| Taxes, remuneration and social security | 45 | €52,380 | €36,410 | -€15,970 | -30.5% |
| Taxes | 450/3 | €52,380 | €36,410 | -€15,970 | -30.5% |
| Other amounts payable | 47/48 | €257 | €80,493 | +€80,235 | +31,168% |
| Accrued charges and deferred income | 492/3 | - | €353 | +€353 | |
| Turnover | 70 | €1,866,571 | €394,891 | -€1.5m | -78.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,642,558 | €243,928 | -€1.4m | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,844 | €56,684 | +€41,840 | +282% |
| Other operating charges | 640/8 | €15,441 | €23,337 | +€7,896 | +51.1% |
| Gross operating margin | 9900 | €224,013 | €150,963 | -€73,050 | -32.6% |
| Operating profit (loss) | 9901 | €193,729 | €70,942 | -€122,787 | -63.4% |
| Financial income | 75/76B | €0 | €346 | +€346 | +3,460,300% |
| Recurring financial income | 75 | €0 | €346 | +€346 | +3,460,300% |
| Financial charges | 65/66B | €61,677 | €65,046 | +€3,368 | +5.5% |
| Recurring financial charges | 65 | €61,677 | €65,046 | +€3,368 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €132,051 | €6,242 | -€125,809 | -95.3% |
| Income taxes | 67/77 | €36,389 | €3,877 | -€32,511 | -89.3% |
| Profit (loss) for the period | 9904 | €95,663 | €2,365 | -€93,298 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,663 | €2,365 | -€93,298 | -97.5% |
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 1 November 2026 via checked.be.