MUYLE ELECTRO MACHINERY DEVELOPMENT: 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.
MUYLE ELECTRO MACHINERY DEVELOPMENT
Largest movements
- Stocks and contracts +€315,221
up €315,221 (+79.5%), from €396,327 to €711,548
of which Contracts in progress: +€339,224
- Cash +€115,891
up €115,891 (+561%), from €20,642 to €136,533
mainly Trade debts (+€486,686) and Tax, wage and social debts (+€103,834)
- Receivables within one year +€81,666
up €81,666 (+12.9%), from €633,622 to €715,287
of which Trade receivables: +€136,644
- Tangible fixed assets +€75,131
up €75,131 (+14.9%), from €505,478 to €580,609
of which Plant, machinery and equipment: +€70,544
- Deferred charges and accrued income +€51,105
up €51,105 (+147%), from €34,851 to €85,956
- Trade debts +€486,686
up €486,686 (+65.0%), from €748,605 to €1.2m
- Profit (loss) carried forward +€223,666
new in 2024: €223,666
- Reserves -€129,276
down €129,276 (-59.0%), from €219,276 to €90,000
- Tax, wage and social debts +€103,834
up €103,834 (+49.6%), from €209,523 to €313,357
of which Taxes: +€103,448
- Debts after one year -€39,481
down €39,481 (-48.4%), from €81,558 to €42,077
- Gross operating margin -€170,117
down €170,117 (-26.3%), from €647,181 to €477,064
- Financial charges -€82,327
down €82,327 (-62.0%), from €132,847 to €50,520
of which Non-recurring financial charges: -€83,454
- Staff costs -€46,440
down €46,440 (-21.6%), from €215,251 to €168,811
- Depreciation -€8,345
down €8,345 (-10.5%), from €79,692 to €71,346
- Other operating charges +€7,372
up €7,372 (+19.8%), from €37,170 to €44,542
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 | €1,594,525 | €2,253,315 | +€658,789 | +41.3% |
| Fixed assets | 21/28 | €509,083 | €603,990 | +€94,906 | +18.6% |
| Intangible fixed assets | 21 | - | €15,000 | +€15,000 | |
| Tangible fixed assets | 22/27 | €505,478 | €580,609 | +€75,131 | +14.9% |
| Land and buildings | 22 | €81,125 | €75,625 | -€5,500 | -6.8% |
| Plant, machinery and equipment | 23 | €397,131 | €467,675 | +€70,544 | +17.8% |
| Furniture and vehicles | 24 | €21,769 | €32,466 | +€10,697 | +49.1% |
| Other tangible fixed assets | 26 | €5,453 | €4,843 | -€610 | -11.2% |
| Financial fixed assets | 28 | €3,605 | €8,381 | +€4,775 | +132% |
| Current assets | 29/58 | €1,085,442 | €1,649,325 | +€563,883 | +51.9% |
| Stocks and contracts in progress | 3 | €396,327 | €711,548 | +€315,221 | +79.5% |
| Stocks | 30/36 | €65,320 | €41,316 | -€24,003 | -36.7% |
| Contracts in progress | 37 | €331,007 | €670,232 | +€339,224 | +102% |
| Amounts receivable within one year | 40/41 | €633,622 | €715,287 | +€81,666 | +12.9% |
| Trade receivables | 40 | €562,153 | €698,796 | +€136,644 | +24.3% |
| Other amounts receivable | 41 | €71,469 | €16,491 | -€54,978 | -76.9% |
| Cash at bank and in hand | 54/58 | €20,642 | €136,533 | +€115,891 | +561% |
| Deferred charges and accrued income | 490/1 | €34,851 | €85,956 | +€51,105 | +147% |
| Total equity and liabilities | 10/49 | €1,594,525 | €2,253,315 | +€658,789 | +41.3% |
| Equity | 10/15 | €276,376 | €370,766 | +€94,389 | +34.2% |
| Contributions | 10/11 | €57,100 | €57,100 | = | 0.0% |
| Contributions outside capital | 11 | - | €57,100 | +€57,100 | |
| Other | 1109/19 | - | €57,100 | +€57,100 | |
| Reserves | 13 | €219,276 | €90,000 | -€129,276 | -59.0% |
| Distributable reserves | 133 | €219,276 | €90,000 | -€129,276 | -59.0% |
| Profit (loss) carried forward | 14 | - | €223,666 | +€223,666 | |
| Amounts payable | 17/49 | €1,318,149 | €1,882,549 | +€564,400 | +42.8% |
| Amounts payable after more than one year | 17 | €81,558 | €42,077 | -€39,481 | -48.4% |
| Financial debts | 170/4 | €81,558 | €42,077 | -€39,481 | -48.4% |
| Amounts payable within one year | 42/48 | €1,235,186 | €1,840,472 | +€605,286 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €42,575 | €39,481 | -€3,094 | -7.3% |
| Financial debts | 43 | €220,042 | €241,945 | +€21,903 | +10.0% |
| Credit institutions | 430/8 | €220,042 | €241,945 | +€21,903 | +10.0% |
| Trade debts | 44 | €748,605 | €1,235,290 | +€486,686 | +65.0% |
| Suppliers | 440/4 | €748,605 | €1,235,290 | +€486,686 | +65.0% |
| Taxes, remuneration and social security | 45 | €209,523 | €313,357 | +€103,834 | +49.6% |
| Taxes | 450/3 | €167,913 | €271,361 | +€103,448 | +61.6% |
| Remuneration and social security | 454/9 | €41,610 | €41,996 | +€385 | +0.9% |
| Other amounts payable | 47/48 | €14,442 | €10,399 | -€4,042 | -28.0% |
| Accrued charges and deferred income | 492/3 | €1,405 | - | -€1,405 | |
| Non-recurring operating income | 76A | €2,844 | €3,959 | +€1,115 | +39.2% |
| Remuneration, social security and pensions | 62 | €215,251 | €168,811 | -€46,440 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,692 | €71,346 | -€8,345 | -10.5% |
| Other operating charges | 640/8 | €37,170 | €44,542 | +€7,372 | +19.8% |
| Non-recurring operating charges | 66A | €55,978 | - | -€55,978 | |
| Gross operating margin | 9900 | €647,181 | €477,064 | -€170,117 | -26.3% |
| Operating profit (loss) | 9901 | €259,091 | €192,365 | -€66,726 | -25.8% |
| Financial income | 75/76B | €753 | €305 | -€449 | -59.5% |
| Recurring financial income | 75 | €753 | €305 | -€449 | -59.5% |
| Financial charges | 65/66B | €132,847 | €50,520 | -€82,327 | -62.0% |
| Recurring financial charges | 65 | €49,393 | €50,520 | +€1,127 | +2.3% |
| Non-recurring financial charges | 66B | €83,454 | - | -€83,454 | |
| Profit (loss) for the period before taxes | 9903 | €126,997 | €142,150 | +€15,153 | +11.9% |
| Income taxes | 67/77 | €48,576 | €47,761 | -€815 | -1.7% |
| Profit (loss) for the period | 9904 | €78,421 | €94,389 | +€15,968 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,421 | €94,389 | +€15,968 | +20.4% |
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 17 October 2026 via checked.be.