M.Y.G.: 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.
M.Y.G.
Largest movements
- Tangible fixed assets +€777,079
up €777,079 (+107%), from €725,476 to €1.5m
of which Land and buildings: +€759,935
- Debts after one year +€677,066
up €677,066 (+109%), from €620,052 to €1.3m
- Other debts +€159,300
up €159,300 (+229%), from €69,711 to €229,011
- Profit (loss) carried forward -€78,935
down €78,935, from €833 to -€78,102
- Current portion of long-term debt +€27,250
up €27,250 (+73.5%), from €37,081 to €64,331
- Reserves -€24,000
no longer reported in 2025 (was €24,000)
- Depreciation +€91,131
up €91,131 (+167%), from €54,429 to €145,560
- Gross operating margin +€23,775
up €23,775 (+43.7%), from €54,462 to €78,237
- Financial charges +€20,660
up €20,660 (+196%), from €10,533 to €31,193
- Other operating charges +€1,430
up €1,430 (+56.1%), from €2,551 to €3,981
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 | €776,265 | €1,544,631 | +€768,366 | +99.0% |
| Fixed assets | 21/28 | €750,476 | €1,530,888 | +€780,412 | +104% |
| Tangible fixed assets | 22/27 | €725,476 | €1,502,555 | +€777,079 | +107% |
| Land and buildings | 22 | €712,245 | €1,472,181 | +€759,935 | +107% |
| Plant, machinery and equipment | 23 | €11,552 | €27,752 | +€16,200 | +140% |
| Furniture and vehicles | 24 | €1,679 | €2,622 | +€943 | +56.2% |
| Financial fixed assets | 28 | €25,000 | €28,334 | +€3,334 | +13.3% |
| Current assets | 29/58 | €25,789 | €13,742 | -€12,047 | -46.7% |
| Amounts receivable within one year | 40/41 | €8,060 | €9,929 | +€1,870 | +23.2% |
| Other amounts receivable | 41 | €8,060 | €9,929 | +€1,870 | +23.2% |
| Cash at bank and in hand | 54/58 | €17,730 | €3,813 | -€13,916 | -78.5% |
| Total equity and liabilities | 10/49 | €776,265 | €1,544,631 | +€768,366 | +99.0% |
| Equity | 10/15 | €43,433 | -€59,502 | -€102,935 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,000 | - | -€24,000 | |
| Distributable reserves | 133 | €24,000 | - | -€24,000 | |
| Profit (loss) carried forward | 14 | €833 | -€78,102 | -€78,935 | |
| Amounts payable | 17/49 | €732,832 | €1,604,132 | +€871,300 | +119% |
| Amounts payable after more than one year | 17 | €620,052 | €1,297,118 | +€677,066 | +109% |
| Financial debts | 170/4 | €620,052 | €1,297,118 | +€677,066 | +109% |
| Amounts payable within one year | 42/48 | €112,780 | €300,310 | +€187,531 | +166% |
| Current portion of amounts payable after more than one year | 42 | €37,081 | €64,331 | +€27,250 | +73.5% |
| Trade debts | 44 | €1,809 | €1,967 | +€157 | +8.7% |
| Suppliers | 440/4 | €1,809 | €1,967 | +€157 | +8.7% |
| Taxes, remuneration and social security | 45 | €4,179 | €5,001 | +€823 | +19.7% |
| Taxes | 450/3 | €4,179 | €5,001 | +€823 | +19.7% |
| Other amounts payable | 47/48 | €69,711 | €229,011 | +€159,300 | +229% |
| Accrued charges and deferred income | 492/3 | - | €6,704 | +€6,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,429 | €145,560 | +€91,131 | +167% |
| Other operating charges | 640/8 | €2,551 | €3,981 | +€1,430 | +56.1% |
| Gross operating margin | 9900 | €54,462 | €78,237 | +€23,775 | +43.7% |
| Operating profit (loss) | 9901 | -€2,518 | -€71,304 | -€68,786 | -2,732% |
| Financial charges | 65/66B | €10,533 | €31,193 | +€20,660 | +196% |
| Recurring financial charges | 65 | €10,533 | €31,193 | +€20,660 | +196% |
| Profit (loss) for the period before taxes | 9903 | -€13,051 | -€102,497 | -€89,446 | -685% |
| Income taxes | 67/77 | €440 | €437 | -€3 | -0.7% |
| Profit (loss) for the period | 9904 | -€13,492 | -€102,935 | -€89,443 | -663% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,492 | -€102,935 | -€89,443 | -663% |
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 17 October 2026 via checked.be.