DE MYTHE: 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 MYTHE
Largest movements
- Tangible fixed assets -€4,017
down €4,017 (-6.7%), from €60,387 to €56,371
of which Land and buildings: -€3,099
- Cash -€3,009
down €3,009 (-32.5%), from €9,249 to €6,240
mainly Net result for the year (-€10,681) and Current portion of long-term debt (-€3,223)
- Profit (loss) carried forward -€21,542
down €21,542, from €10,861 to -€10,681
- Reserves +€10,861
up €10,861 (+9.2%), from €117,896 to €128,757
of which Distributable reserves: +€10,861
- Trade debts +€5,992
up €5,992 (+68.5%), from €8,754 to €14,746
- Current portion of long-term debt -€3,223
no longer reported in 2024 (was €3,223)
- Gross operating margin -€25,373
down €25,373 (-86.0%), from €29,517 to €4,144
- Depreciation -€4,657
down €4,657 (-53.7%), from €8,674 to €4,017
- Taxes +€1,715
up €1,715 (+54.2%), from €3,163 to €4,878
- Staff costs -€1,264
down €1,264 (-13.9%), from €9,106 to €7,842
- Financial charges +€323
up €323 (+33.2%), from €972 to €1,294
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,503 | €159,454 | -€8,050 | -4.8% |
| Fixed assets | 21/28 | €66,311 | €62,295 | -€4,017 | -6.1% |
| Tangible fixed assets | 22/27 | €60,387 | €56,371 | -€4,017 | -6.7% |
| Land and buildings | 22 | €19,451 | €16,352 | -€3,099 | -15.9% |
| Plant, machinery and equipment | 23 | €6,208 | €5,770 | -€438 | -7.1% |
| Furniture and vehicles | 24 | €34,729 | €34,249 | -€480 | -1.4% |
| Financial fixed assets | 28 | €5,924 | €5,924 | = | 0.0% |
| Current assets | 29/58 | €101,192 | €97,159 | -€4,033 | -4.0% |
| Amounts receivable after more than one year | 29 | €72,000 | €72,000 | = | 0.0% |
| Other amounts receivable | 291 | €72,000 | €72,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,995 | €8,155 | +€160 | +2.0% |
| Stocks | 30/36 | €7,995 | €8,155 | +€160 | +2.0% |
| Amounts receivable within one year | 40/41 | €11,948 | €10,377 | -€1,571 | -13.1% |
| Trade receivables | 40 | €2,218 | €647 | -€1,571 | -70.8% |
| Other amounts receivable | 41 | €9,730 | €9,730 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,249 | €6,240 | -€3,009 | -32.5% |
| Deferred charges and accrued income | 490/1 | - | €387 | +€387 | |
| Total equity and liabilities | 10/49 | €167,503 | €159,454 | -€8,050 | -4.8% |
| Equity | 10/15 | €147,329 | €136,648 | -€10,681 | -7.2% |
| Contributions | 10/11 | €18,572 | €18,572 | = | 0.0% |
| Reserves | 13 | €117,896 | €128,757 | +€10,861 | +9.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €116,037 | €126,898 | +€10,861 | +9.4% |
| Profit (loss) carried forward | 14 | €10,861 | -€10,681 | -€21,542 | |
| Amounts payable | 17/49 | €20,174 | €22,806 | +€2,631 | +13.0% |
| Amounts payable within one year | 42/48 | €20,174 | €22,806 | +€2,631 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €3,223 | - | -€3,223 | |
| Financial debts | 43 | €1,443 | €1,926 | +€482 | +33.4% |
| Credit institutions | 430/8 | €1,443 | €1,926 | +€482 | +33.4% |
| Trade debts | 44 | €8,754 | €14,746 | +€5,992 | +68.5% |
| Suppliers | 440/4 | €8,754 | €14,746 | +€5,992 | +68.5% |
| Taxes, remuneration and social security | 45 | €6,754 | €6,134 | -€619 | -9.2% |
| Taxes | 450/3 | €6,754 | €6,134 | -€619 | -9.2% |
| Remuneration, social security and pensions | 62 | €9,106 | €7,842 | -€1,264 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,674 | €4,017 | -€4,657 | -53.7% |
| Other operating charges | 640/8 | €142 | €282 | +€141 | +99.1% |
| Gross operating margin | 9900 | €29,517 | €4,144 | -€25,373 | -86.0% |
| Operating profit (loss) | 9901 | €11,596 | -€7,997 | -€19,593 | |
| Financial income | 75/76B | €3,400 | €3,488 | +€88 | +2.6% |
| Recurring financial income | 75 | €3,400 | €3,488 | +€88 | +2.6% |
| Financial charges | 65/66B | €972 | €1,294 | +€323 | +33.2% |
| Recurring financial charges | 65 | €972 | €1,294 | +€323 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €14,024 | -€5,804 | -€19,827 | |
| Income taxes | 67/77 | €3,163 | €4,878 | +€1,715 | +54.2% |
| Profit (loss) for the period | 9904 | €10,861 | -€10,681 | -€21,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,861 | -€10,681 | -€21,542 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.