MUYS: what changed
Two fiscal 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.
MUYS
Largest movements
- Receivables within one year +€101,834
up €101,834 (+318.0%), from €32,022 to €133,856
of which Trade receivables: +€86,879
- Cash -€96,111
down €96,111 (-52.6%), from €182,628 to €86,517
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€101,834)
- Deferred charges and accrued income -€90,215
down €90,215 (-61.3%), from €147,172 to €56,957
- Current investments +€83,000
up €83,000 (+16.3%), from €509,143 to €592,143
- Tangible fixed assets +€20,930
up €20,930 (+16.1%), from €130,284 to €151,214
of which Furniture and vehicles: +€49,570
- Reserves -€39,209
down €39,209 (-6.1%), from €638,659 to €599,450
of which Distributable reserves: -€39,209
- Other debts +€32,475
up €32,475 (+9.1%), from €355,895 to €388,370
- Gross operating margin +€20,559
up €20,559 (+13.1%), from €156,634 to €177,193
- Financial income +€16,986
up €16,986 (+145.4%), from €11,686 to €28,672
of which Financial income: +€13,747
- Taxes +€8,372
up €8,372 (+25.7%), from €32,626 to €40,998
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.
Cash bridge derived
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 | €1,048,634 | €1,052,410 | +€3,776 | +0.4% |
| Fixed assets | 21/28 | €130,284 | €151,214 | +€20,930 | +16.1% |
| Tangible fixed assets | 22/27 | €130,284 | €151,214 | +€20,930 | +16.1% |
| Land and buildings | 22 | €97,273 | €89,065 | -€8,208 | -8.4% |
| Plant, machinery and equipment | 23 | €29,329 | €8,897 | -€20,432 | -69.7% |
| Furniture and vehicles | 24 | €3,682 | €53,252 | +€49,570 | +1346.3% |
| Current assets | 29/58 | €918,350 | €901,196 | -€17,154 | -1.9% |
| Stocks and contracts in progress | 3 | €47,385 | €31,723 | -€15,662 | -33.1% |
| Stocks | 30/36 | €47,385 | €31,723 | -€15,662 | -33.1% |
| Amounts receivable within one year | 40/41 | €32,022 | €133,856 | +€101,834 | +318.0% |
| Trade receivables | 40 | €22,795 | €109,674 | +€86,879 | +381.1% |
| Other amounts receivable | 41 | €9,227 | €24,182 | +€14,955 | +162.1% |
| Current investments | 50/53 | €509,143 | €592,143 | +€83,000 | +16.3% |
| Cash at bank and in hand | 54/58 | €182,628 | €86,517 | -€96,111 | -52.6% |
| Deferred charges and accrued income | 490/1 | €147,172 | €56,957 | -€90,215 | -61.3% |
| Total equity and liabilities | 10/49 | €1,048,634 | €1,052,410 | +€3,776 | +0.4% |
| Equity | 10/15 | €666,632 | €627,423 | -€39,209 | -5.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €638,659 | €599,450 | -€39,209 | -6.1% |
| Tax-exempt reserves | 132 | €8,519 | €8,519 | = | 0.0% |
| Distributable reserves | 133 | €630,140 | €590,931 | -€39,209 | -6.2% |
| Investment grants | 15 | €7,513 | €7,513 | = | 0.0% |
| Amounts payable | 17/49 | €382,002 | €424,987 | +€42,985 | +11.3% |
| Amounts payable within one year | 42/48 | €382,002 | €424,987 | +€42,985 | +11.3% |
| Trade debts | 44 | €9,611 | €17,304 | +€7,693 | +80.0% |
| Suppliers | 440/4 | €9,611 | €17,304 | +€7,693 | +80.0% |
| Taxes, remuneration and social security | 45 | €16,496 | €19,313 | +€2,817 | +17.1% |
| Taxes | 450/3 | €16,496 | €19,313 | +€2,817 | +17.1% |
| Other amounts payable | 47/48 | €355,895 | €388,370 | +€32,475 | +9.1% |
| Remuneration, social security and pensions | 62 | €2,621 | €3,326 | +€705 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,846 | €29,272 | +€426 | +1.5% |
| Other operating charges | 640/8 | €5,226 | €5,828 | +€602 | +11.5% |
| Gross operating margin | 9900 | €156,634 | €177,193 | +€20,559 | +13.1% |
| Operating profit (loss) | 9901 | €119,941 | €138,767 | +€18,826 | +15.7% |
| Financial income | 75/76B | €11,686 | €28,672 | +€16,986 | +145.4% |
| Recurring financial income | 75 | €11,686 | €25,433 | +€13,747 | +117.6% |
| Non-recurring financial income | 76B | - | €3,239 | +€3,239 | |
| Financial charges | 65/66B | €15,668 | €15,650 | -€18 | -0.1% |
| Recurring financial charges | 65 | €15,668 | €15,650 | -€18 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €115,959 | €151,789 | +€35,830 | +30.9% |
| Income taxes | 67/77 | €32,626 | €40,998 | +€8,372 | +25.7% |
| Profit (loss) for the period | 9904 | €83,333 | €110,791 | +€27,458 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,333 | €110,791 | +€27,458 | +32.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.