MUYLE HYDROELECTRICITE: 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 HYDROELECTRICITE
Largest movements
- Receivables within one year +€178,685
up €178,685 (+87.7%), from €203,814 to €382,499
of which Other amounts receivable: +€198,691
- Cash -€152,163
down €152,163 (-99.4%), from €153,085 to €921
mainly Receivables within one year (-€178,685) and Net result for the year (-€112,917)
- Tangible fixed assets -€126,326
down €126,326 (-21.1%), from €598,609 to €472,283
of which Land and buildings: -€119,260
- Profit (loss) carried forward -€112,917
down €112,917 (-3,884%), from -€2,907 to -€115,824
- Gross operating margin -€56,819
down €56,819 (-74.5%), from €76,219 to €19,400
- Depreciation +€6,917
up €6,917 (+5.8%), from €119,408 to €126,326
- Other operating charges -€945
down €945 (-11.5%), from €8,242 to €7,297
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 | €960,285 | €855,704 | -€104,581 | -10.9% |
| Fixed assets | 21/28 | €598,609 | €472,283 | -€126,326 | -21.1% |
| Tangible fixed assets | 22/27 | €598,609 | €472,283 | -€126,326 | -21.1% |
| Land and buildings | 22 | €520,523 | €401,263 | -€119,260 | -22.9% |
| Plant, machinery and equipment | 23 | €78,086 | €71,021 | -€7,066 | -9.0% |
| Current assets | 29/58 | €361,676 | €383,421 | +€21,745 | +6.0% |
| Amounts receivable within one year | 40/41 | €203,814 | €382,499 | +€178,685 | +87.7% |
| Trade receivables | 40 | €83,632 | €63,626 | -€20,006 | -23.9% |
| Other amounts receivable | 41 | €120,182 | €318,873 | +€198,691 | +165% |
| Cash at bank and in hand | 54/58 | €153,085 | €921 | -€152,163 | -99.4% |
| Deferred charges and accrued income | 490/1 | €4,777 | - | -€4,777 | |
| Total equity and liabilities | 10/49 | €960,285 | €855,704 | -€104,581 | -10.9% |
| Equity | 10/15 | €915,093 | €802,176 | -€112,917 | -12.3% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,907 | -€115,824 | -€112,917 | -3,884% |
| Amounts payable | 17/49 | €45,192 | €53,528 | +€8,336 | +18.4% |
| Amounts payable within one year | 42/48 | €45,192 | €53,528 | +€8,336 | +18.4% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €45,184 | €52,438 | +€7,254 | +16.1% |
| Suppliers | 440/4 | €45,184 | €52,438 | +€7,254 | +16.1% |
| Taxes, remuneration and social security | 45 | €8 | €8 | = | 0.0% |
| Taxes | 450/3 | €8 | €8 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,070 | +€1,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,408 | €126,326 | +€6,917 | +5.8% |
| Other operating charges | 640/8 | €8,242 | €7,297 | -€945 | -11.5% |
| Gross operating margin | 9900 | €76,219 | €19,400 | -€56,819 | -74.5% |
| Operating profit (loss) | 9901 | -€51,431 | -€114,222 | -€62,791 | -122% |
| Financial income | 75/76B | €1,528 | €2,132 | +€604 | +39.6% |
| Recurring financial income | 75 | €1,528 | €2,132 | +€604 | +39.6% |
| Financial charges | 65/66B | €51 | €187 | +€136 | +267% |
| Recurring financial charges | 65 | €51 | €187 | +€136 | +267% |
| Profit (loss) for the period before taxes | 9903 | -€49,954 | -€112,277 | -€62,323 | -125% |
| Income taxes | 67/77 | €438 | €640 | +€201 | +46.0% |
| Profit (loss) for the period | 9904 | -€50,392 | -€112,917 | -€62,525 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,392 | -€112,917 | -€62,525 | -124% |
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 22 October 2026 via checked.be.