MUYLLE: 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.
MUYLLE
Largest movements
- Cash +€161,705
up €161,705 (+103%), from €156,289 to €317,994
mainly Deferred charges and accrued income (+€92,553) and Current investments (+€45,179)
- Deferred charges and accrued income -€92,553
down €92,553 (-46.4%), from €199,290 to €106,737
- Tangible fixed assets -€50,870
down €50,870 (-5.0%), from €1.0m to €962,870
of which Land and buildings: -€47,521
- Current investments -€45,179
down €45,179 (-27.5%), from €164,582 to €119,403
- Receivables within one year +€27,241
up €27,241 (+100%), from €27,209 to €54,451
of which Other amounts receivable: +€25,245
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€737,652
down €737,652 (-78.8%), from €935,894 to €198,242
- Financial income -€108,610
down €108,610 (-91.5%), from €118,653 to €10,044
- Depreciation -€41,095
down €41,095 (-49.8%), from €82,570 to €41,475
- Gross operating margin -€31,677
down €31,677 (-10.4%), from €304,964 to €273,287
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 | €1,561,110 | €1,561,455 | +€345 | 0.0% |
| Fixed assets | 21/28 | €1,013,740 | €962,870 | -€50,870 | -5.0% |
| Tangible fixed assets | 22/27 | €1,013,740 | €962,870 | -€50,870 | -5.0% |
| Land and buildings | 22 | €868,467 | €820,946 | -€47,521 | -5.5% |
| Plant, machinery and equipment | 23 | €58,159 | €55,603 | -€2,556 | -4.4% |
| Furniture and vehicles | 24 | €87,114 | €86,321 | -€793 | -0.9% |
| Current assets | 29/58 | €547,370 | €598,585 | +€51,215 | +9.4% |
| Amounts receivable within one year | 40/41 | €27,209 | €54,451 | +€27,241 | +100% |
| Trade receivables | 40 | €962 | €2,958 | +€1,997 | +208% |
| Other amounts receivable | 41 | €26,248 | €51,492 | +€25,245 | +96.2% |
| Current investments | 50/53 | €164,582 | €119,403 | -€45,179 | -27.5% |
| Cash at bank and in hand | 54/58 | €156,289 | €317,994 | +€161,705 | +103% |
| Deferred charges and accrued income | 490/1 | €199,290 | €106,737 | -€92,553 | -46.4% |
| Total equity and liabilities | 10/49 | €1,561,110 | €1,561,455 | +€345 | 0.0% |
| Equity | 10/15 | €739,221 | €748,770 | +€9,549 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €971,046 | €970,488 | -€559 | -0.1% |
| Tax-exempt reserves | 132 | €47,185 | €46,626 | -€559 | -1.2% |
| Distributable reserves | 133 | €923,862 | €923,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,376 | -€240,268 | +€10,108 | +4.0% |
| Provisions and deferred taxes | 16 | €4,987 | €4,699 | -€288 | -5.8% |
| Deferred taxes | 168 | €4,987 | €4,699 | -€288 | -5.8% |
| Amounts payable | 17/49 | €816,902 | €807,986 | -€8,916 | -1.1% |
| Amounts payable after more than one year | 17 | €526,898 | €526,898 | = | 0.0% |
| Financial debts | 170/4 | €524,623 | €524,623 | = | 0.0% |
| Other amounts payable | 178/9 | €2,275 | €2,275 | = | 0.0% |
| Amounts payable within one year | 42/48 | €246,860 | €247,837 | +€977 | +0.4% |
| Trade debts | 44 | €2,793 | €884 | -€1,909 | -68.4% |
| Suppliers | 440/4 | €2,793 | €884 | -€1,909 | -68.4% |
| Taxes, remuneration and social security | 45 | €9,294 | €5,409 | -€3,886 | -41.8% |
| Taxes | 450/3 | €5,044 | €5,409 | +€364 | +7.2% |
| Remuneration and social security | 454/9 | €4,250 | - | -€4,250 | |
| Other amounts payable | 47/48 | €234,773 | €241,545 | +€6,772 | +2.9% |
| Accrued charges and deferred income | 492/3 | €43,145 | €33,251 | -€9,893 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,570 | €41,475 | -€41,095 | -49.8% |
| Other operating charges | 640/8 | €5,960 | €6,043 | +€83 | +1.4% |
| Non-recurring operating charges | 66A | - | €27,892 | +€27,892 | |
| Gross operating margin | 9900 | €304,964 | €273,287 | -€31,677 | -10.4% |
| Operating profit (loss) | 9901 | €216,434 | €197,877 | -€18,557 | -8.6% |
| Financial income | 75/76B | €118,653 | €10,044 | -€108,610 | -91.5% |
| Recurring financial income | 75 | €118,653 | €10,044 | -€108,610 | -91.5% |
| Financial charges | 65/66B | €935,894 | €198,242 | -€737,652 | -78.8% |
| Recurring financial charges | 65 | €935,894 | €198,242 | -€737,652 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | -€600,807 | €9,679 | +€610,486 | |
| Transfer from deferred taxes | 780 | €288 | €288 | = | 0.0% |
| Income taxes | 67/77 | €633 | €417 | -€215 | -34.0% |
| Profit (loss) for the period | 9904 | -€601,152 | €9,549 | +€610,701 | |
| Transfer from tax-exempt reserves | 789 | €559 | €559 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€600,593 | €10,108 | +€610,701 |
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 13 October 2026 via checked.be.