MANAGEMENT & DEVELOPMENT DE MUYLDER: 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.
What changed
MANAGEMENT & DEVELOPMENT DE MUYLDER
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,756
2024 · €11,394-€44,150
Equity
€5,488
2024 · €38,244-€32,756
Cash
€14,831
2024 · €53,579-€38,748
Balance sheet total
€1.3m
2024 · €1.4m-€34,715
Largest movements
Assets
- Cash -€38,748
down €38,748 (-72.3%), from €53,579 to €14,831
mainly Provisions (-€872,278) and Net result for the year (-€32,756)
Equity and liabilities
- Provisions -€872,278
no longer reported in 2025 (was €872,278)
- Debts after one year +€872,278
new in 2025: €872,278
- Profit (loss) carried forward -€32,756
new in 2025: -€32,756
- Tax, wage and social debts -€17,392
down €17,392 (-97.5%), from €17,831 to €439
of which Taxes: -€12,392
Income statement
- Gross operating margin -€147,639
down €147,639, from €116,040 to -€31,599
- Financial charges -€85,908
down €85,908 (-99.4%), from €86,412 to €504
- Taxes -€17,394
down €17,394, from €16,058 to -€1,336
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.
Result 2024
€11,394
Gross operating margin
-€147,639
Depreciation
+€174
Other operating charges
+€4
Financial income
+€9
Financial charges
+€85,908
Taxes
+€17,394
Result 2025
-€32,756
raises the resultlowers the result
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.
From operations
-€911,781
Investment
+€755
Financing
+€872,278
Cash 2024
€53,579
From operations (derived)
-€911,781
Net result for the year
-€32,756
Depreciation
+€822
Receivables within one year
-€4,640
Deferred charges and accrued income
-€970
Provisions
-€872,278
Trade debts
+€9,139
Tax, wage and social debts
-€17,392
Other debts
+€6,294
Investment (derived)
+€755
Current investments
+€755
Financing
+€872,278
Debts after one year
+€872,278
Cash 2025
€14,831
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,356,663 | €1,321,948 | -€34,715 | -2.6% |
| Fixed assets | 21/28 | €1,286,252 | €1,285,429 | -€822 | -0.1% |
| Tangible fixed assets | 22/27 | €1,468 | €646 | -€822 | -56.0% |
| Plant, machinery and equipment | 23 | €476 | €238 | -€238 | -50.0% |
| Furniture and vehicles | 24 | €992 | €408 | -€585 | -58.9% |
| Financial fixed assets | 28 | €1,284,783 | €1,284,783 | = | 0.0% |
| Current assets | 29/58 | €70,411 | €36,519 | -€33,893 | -48.1% |
| Amounts receivable within one year | 40/41 | €16,077 | €20,717 | +€4,640 | +28.9% |
| Trade receivables | 40 | €16,077 | €11,360 | -€4,717 | -29.3% |
| Other amounts receivable | 41 | - | €9,357 | +€9,357 | |
| Current investments | 50/53 | €755 | - | -€755 | |
| Cash at bank and in hand | 54/58 | €53,579 | €14,831 | -€38,748 | -72.3% |
| Deferred charges and accrued income | 490/1 | - | €970 | +€970 | |
| Total equity and liabilities | 10/49 | €1,356,663 | €1,321,948 | -€34,715 | -2.6% |
| Equity | 10/15 | €38,244 | €5,488 | -€32,756 | -85.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,844 | €25,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,689 | €3,689 | = | 0.0% |
| Distributable reserves | 133 | €20,294 | €20,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,756 | -€32,756 | |
| Provisions and deferred taxes | 16 | €872,278 | - | -€872,278 | |
| Provisions for liabilities and charges | 160/5 | €872,278 | - | -€872,278 | |
| Other liabilities and charges | 164/5 | €872,278 | - | -€872,278 | |
| Amounts payable | 17/49 | €446,141 | €1,316,460 | +€870,319 | +195% |
| Amounts payable after more than one year | 17 | - | €872,278 | +€872,278 | |
| Other amounts payable | 178/9 | - | €872,278 | +€872,278 | |
| Amounts payable within one year | 42/48 | €446,121 | €444,162 | -€1,959 | -0.4% |
| Trade debts | 44 | €1,434 | €10,572 | +€9,139 | +638% |
| Suppliers | 440/4 | €1,434 | €10,572 | +€9,139 | +638% |
| Taxes, remuneration and social security | 45 | €17,831 | €439 | -€17,392 | -97.5% |
| Taxes | 450/3 | €12,831 | €439 | -€12,392 | -96.6% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €426,856 | €433,151 | +€6,294 | +1.5% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €822 | -€174 | -17.4% |
| Other operating charges | 640/8 | €1,197 | €1,193 | -€4 | -0.3% |
| Gross operating margin | 9900 | €116,040 | -€31,599 | -€147,639 | |
| Operating profit (loss) | 9901 | €113,846 | -€33,615 | -€147,461 | |
| Financial income | 75/76B | €18 | €27 | +€9 | +49.8% |
| Recurring financial income | 75 | €18 | €27 | +€9 | +49.8% |
| Financial charges | 65/66B | €86,412 | €504 | -€85,908 | -99.4% |
| Recurring financial charges | 65 | €86,412 | €504 | -€85,908 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €27,452 | -€34,092 | -€61,545 | |
| Income taxes | 67/77 | €16,058 | -€1,336 | -€17,394 | |
| Profit (loss) for the period | 9904 | €11,394 | -€32,756 | -€44,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,394 | -€32,756 | -€44,150 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.