M.Y.M.: 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.M.
Largest movements
- Cash -€29,707
down €29,707 (-97.2%), from €30,556 to €849
mainly Other debts (-€36,996) and Debts after one year (-€22,088)
- Tangible fixed assets -€11,285
down €11,285 (-2.4%), from €478,630 to €467,346
of which Land and buildings: -€16,895
- Receivables within one year -€9,083
down €9,083 (-77.2%), from €11,764 to €2,681
- Other debts -€36,996
down €36,996 (-63.3%), from €58,423 to €21,428
- Debts after one year -€22,088
down €22,088 (-10.6%), from €208,881 to €186,793
- Short-term financial debts +€7,437
new in 2025: €7,437
- Gross operating margin +€6,806
up €6,806 (+17.5%), from €38,892 to €45,698
- Financial charges +€5,209
up €5,209 (+83.1%), from €6,271 to €11,480
- Other operating charges -€2,504
down €2,504 (-20.7%), from €12,119 to €9,615
- Depreciation +€1,771
up €1,771 (+7.9%), from €22,373 to €24,143
- Taxes +€1,586
up €1,586 (+114%), from €1,390 to €2,976
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 | €520,950 | €470,875 | -€50,075 | -9.6% |
| Fixed assets | 21/28 | €478,630 | €467,346 | -€11,285 | -2.4% |
| Tangible fixed assets | 22/27 | €478,630 | €467,346 | -€11,285 | -2.4% |
| Land and buildings | 22 | €464,437 | €447,543 | -€16,895 | -3.6% |
| Plant, machinery and equipment | 23 | €300 | €7,454 | +€7,154 | +2,385% |
| Furniture and vehicles | 24 | €13,893 | €12,349 | -€1,544 | -11.1% |
| Current assets | 29/58 | €42,319 | €3,529 | -€38,790 | -91.7% |
| Amounts receivable within one year | 40/41 | €11,764 | €2,681 | -€9,083 | -77.2% |
| Other amounts receivable | 41 | €11,764 | €2,681 | -€9,083 | -77.2% |
| Cash at bank and in hand | 54/58 | €30,556 | €849 | -€29,707 | -97.2% |
| Total equity and liabilities | 10/49 | €520,950 | €470,875 | -€50,075 | -9.6% |
| Equity | 10/15 | €208,082 | €205,566 | -€2,516 | -1.2% |
| Contributions | 10/11 | €133,000 | €133,000 | = | 0.0% |
| Capital | 10 | €133,000 | €133,000 | = | 0.0% |
| Issued capital | 100 | €133,000 | €133,000 | = | 0.0% |
| Reserves | 13 | €43,073 | €39,600 | -€3,473 | -8.1% |
| Non-distributable reserves | 130/1 | €1,598 | €1,598 | = | 0.0% |
| Legal reserve | 130 | €1,598 | €1,598 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,475 | €38,002 | -€3,473 | -8.4% |
| Profit (loss) carried forward | 14 | €32,008 | €32,966 | +€957 | +3.0% |
| Provisions and deferred taxes | 16 | €19,568 | €19,568 | = | 0.0% |
| Deferred taxes | 168 | €19,568 | €19,568 | = | 0.0% |
| Amounts payable | 17/49 | €293,300 | €245,741 | -€47,559 | -16.2% |
| Amounts payable after more than one year | 17 | €208,881 | €186,793 | -€22,088 | -10.6% |
| Financial debts | 170/4 | €208,881 | €186,793 | -€22,088 | -10.6% |
| Amounts payable within one year | 42/48 | €84,419 | €58,948 | -€25,471 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €21,293 | €22,088 | +€795 | +3.7% |
| Financial debts | 43 | - | €7,437 | +€7,437 | |
| Credit institutions | 430/8 | - | €7,437 | +€7,437 | |
| Trade debts | 44 | €316 | €3,554 | +€3,238 | +1,024% |
| Suppliers | 440/4 | €316 | €3,554 | +€3,238 | +1,024% |
| Taxes, remuneration and social security | 45 | €4,386 | €4,441 | +€55 | +1.3% |
| Taxes | 450/3 | €4,386 | €4,441 | +€55 | +1.3% |
| Other amounts payable | 47/48 | €58,423 | €21,428 | -€36,996 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,373 | €24,143 | +€1,771 | +7.9% |
| Other operating charges | 640/8 | €12,119 | €9,615 | -€2,504 | -20.7% |
| Non-recurring operating charges | 66A | €6,496 | - | -€6,496 | |
| Gross operating margin | 9900 | €38,892 | €45,698 | +€6,806 | +17.5% |
| Operating profit (loss) | 9901 | -€2,096 | €11,940 | +€14,036 | |
| Financial charges | 65/66B | €6,271 | €11,480 | +€5,209 | +83.1% |
| Recurring financial charges | 65 | €6,271 | €11,480 | +€5,209 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,367 | €460 | +€8,827 | |
| Transfer from deferred taxes | 780 | €1,788 | - | -€1,788 | |
| Income taxes | 67/77 | €1,390 | €2,976 | +€1,586 | +114% |
| Profit (loss) for the period | 9904 | -€7,968 | -€2,516 | +€5,452 | +68.4% |
| Transfer from tax-exempt reserves | 789 | €3,473 | €3,473 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,495 | €957 | +€5,452 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.