gestion 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.
gestion muylle
Largest movements
- Tangible fixed assets +€173,106
up €173,106 (+32.7%), from €530,074 to €703,180
of which Land and buildings: +€181,557
- Cash -€30,744
down €30,744 (-95.0%), from €32,350 to €1,606
mainly Investment in fixed assets (net) (-€227,079) and Deferred charges and accrued income (-€20,868)
- Deferred charges and accrued income +€20,868
up €20,868 (+788%), from €2,647 to €23,515
- Debts after one year +€128,668
new in 2025: €128,668
- Profit (loss) carried forward +€47,667
up €47,667 (+11.4%), from €419,539 to €467,206
- Current portion of long-term debt +€15,274
up €15,274 (+99.8%), from €15,297 to €30,571
- Other debts -€9,508
down €9,508 (-8.2%), from €115,873 to €106,365
- Gross operating margin +€14,701
up €14,701 (+15.0%), from €97,885 to €112,586
- Taxes -€11,607
down €11,607 (-91.5%), from €12,684 to €1,077
- Depreciation +€5,944
up €5,944 (+12.7%), from €46,729 to €52,673
- Financial charges +€4,251
up €4,251 (+559%), from €760 to €5,011
- Other operating charges +€3,165
up €3,165 (+101%), from €3,124 to €6,289
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 | €599,598 | €769,302 | +€169,704 | +28.3% |
| Fixed assets | 21/28 | €539,112 | €713,518 | +€174,406 | +32.4% |
| Tangible fixed assets | 22/27 | €530,074 | €703,180 | +€173,106 | +32.7% |
| Land and buildings | 22 | €515,532 | €697,089 | +€181,557 | +35.2% |
| Plant, machinery and equipment | 23 | €2,923 | €1,821 | -€1,102 | -37.7% |
| Furniture and vehicles | 24 | €11,619 | €4,270 | -€7,349 | -63.2% |
| Financial fixed assets | 28 | €9,038 | €10,338 | +€1,300 | +14.4% |
| Current assets | 29/58 | €60,486 | €55,784 | -€4,702 | -7.8% |
| Amounts receivable within one year | 40/41 | €25,489 | €30,663 | +€5,174 | +20.3% |
| Trade receivables | 40 | €2,782 | €4,135 | +€1,353 | +48.6% |
| Other amounts receivable | 41 | €22,707 | €26,528 | +€3,821 | +16.8% |
| Cash at bank and in hand | 54/58 | €32,350 | €1,606 | -€30,744 | -95.0% |
| Deferred charges and accrued income | 490/1 | €2,647 | €23,515 | +€20,868 | +788% |
| Total equity and liabilities | 10/49 | €599,598 | €769,302 | +€169,704 | +28.3% |
| Equity | 10/15 | €439,999 | €487,666 | +€47,667 | +10.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,539 | €467,206 | +€47,667 | +11.4% |
| Amounts payable | 17/49 | €159,599 | €281,636 | +€122,037 | +76.5% |
| Amounts payable after more than one year | 17 | - | €128,668 | +€128,668 | |
| Financial debts | 170/4 | - | €128,668 | +€128,668 | |
| Amounts payable within one year | 42/48 | €156,799 | €152,968 | -€3,831 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €15,297 | €30,571 | +€15,274 | +99.8% |
| Financial debts | 43 | €573 | - | -€573 | |
| Credit institutions | 430/8 | €573 | - | -€573 | |
| Trade debts | 44 | €5,241 | €1,155 | -€4,086 | -78.0% |
| Suppliers | 440/4 | €5,241 | €1,155 | -€4,086 | -78.0% |
| Advances received on contracts in progress | 46 | €1,300 | €1,300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,515 | €13,577 | -€4,938 | -26.7% |
| Taxes | 450/3 | €18,515 | €13,577 | -€4,938 | -26.7% |
| Other amounts payable | 47/48 | €115,873 | €106,365 | -€9,508 | -8.2% |
| Accrued charges and deferred income | 492/3 | €2,800 | - | -€2,800 | |
| Non-recurring operating income | 76A | - | €18,240 | +€18,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,729 | €52,673 | +€5,944 | +12.7% |
| Other operating charges | 640/8 | €3,124 | €6,289 | +€3,165 | +101% |
| Gross operating margin | 9900 | €97,885 | €112,586 | +€14,701 | +15.0% |
| Operating profit (loss) | 9901 | €48,032 | €53,624 | +€5,592 | +11.6% |
| Financial income | 75/76B | €107 | €131 | +€24 | +22.4% |
| Recurring financial income | 75 | €107 | €131 | +€24 | +22.4% |
| Financial charges | 65/66B | €760 | €5,011 | +€4,251 | +559% |
| Recurring financial charges | 65 | €760 | €5,011 | +€4,251 | +559% |
| Profit (loss) for the period before taxes | 9903 | €47,379 | €48,744 | +€1,365 | +2.9% |
| Income taxes | 67/77 | €12,684 | €1,077 | -€11,607 | -91.5% |
| Profit (loss) for the period | 9904 | €34,695 | €47,667 | +€12,972 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,695 | €47,667 | +€12,972 | +37.4% |
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 27 October 2026 via checked.be.