MUYS ESSEN: what changed
MUYS ESSEN
Largest movements
- Cash -€216,866
down €216,866 (-52.4%), from €414,108 to €197,242
mainly Investment in fixed assets (net) (-€211,081) and Other debts (-€207,099)
- Financial fixed assets +€211,081
up €211,081 (+15.1%), from €1.4m to €1.6m
- Receivables within one year +€31,153
up €31,153 (+9.6%), from €324,667 to €355,820
of which Trade receivables: +€18,742
- Tangible fixed assets -€26,607
down €26,607 (-21.4%), from €124,165 to €97,558
- Reserves +€210,290
up €210,290 (+34.4%), from €611,326 to €821,615
of which Distributable reserves: +€210,290
- Other debts -€207,099
down €207,099 (-31.0%), from €667,858 to €460,759
- Financial income +€195,783
up €195,783 (+838%), from €23,359 to €219,142
of which Non-recurring financial income: +€211,081
- Depreciation +€17,738
up €17,738 (+200%), from €8,869 to €26,607
- Financial charges -€5,107
down €5,107 (-18.4%), from €27,809 to €22,702
- Taxes -€1,707
down €1,707 (-45.5%), from €3,751 to €2,044
- Gross operating margin +€1,285
up €1,285 (+3.0%), from €42,334 to €43,619
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,260,375 | €2,258,363 | -€2,012 | -0.1% |
| Fixed assets | 21/28 | €1,519,474 | €1,703,948 | +€184,474 | +12.1% |
| Tangible fixed assets | 22/27 | €124,165 | €97,558 | -€26,607 | -21.4% |
| Furniture and vehicles | 24 | €124,165 | €97,558 | -€26,607 | -21.4% |
| Financial fixed assets | 28 | €1,395,309 | €1,606,390 | +€211,081 | +15.1% |
| Current assets | 29/58 | €740,900 | €554,414 | -€186,486 | -25.2% |
| Amounts receivable within one year | 40/41 | €324,667 | €355,820 | +€31,153 | +9.6% |
| Trade receivables | 40 | €8,788 | €27,530 | +€18,742 | +213% |
| Other amounts receivable | 41 | €315,879 | €328,290 | +€12,411 | +3.9% |
| Cash at bank and in hand | 54/58 | €414,108 | €197,242 | -€216,866 | -52.4% |
| Deferred charges and accrued income | 490/1 | €2,125 | €1,352 | -€772 | -36.3% |
| Total equity and liabilities | 10/49 | €2,260,375 | €2,258,363 | -€2,012 | -0.1% |
| Equity | 10/15 | €1,559,326 | €1,769,615 | +€210,290 | +13.5% |
| Contributions | 10/11 | €948,000 | €948,000 | = | 0.0% |
| Capital | 10 | €948,000 | €948,000 | = | 0.0% |
| Issued capital | 100 | €948,000 | €948,000 | = | 0.0% |
| Reserves | 13 | €611,326 | €821,615 | +€210,290 | +34.4% |
| Non-distributable reserves | 130/1 | €76,633 | €76,633 | = | 0.0% |
| Legal reserve | 130 | €76,633 | €76,633 | = | 0.0% |
| Distributable reserves | 133 | €534,692 | €744,982 | +€210,290 | +39.3% |
| Amounts payable | 17/49 | €701,049 | €488,748 | -€212,302 | -30.3% |
| Amounts payable within one year | 42/48 | €673,608 | €465,955 | -€207,653 | -30.8% |
| Trade debts | 44 | €3,684 | €1,370 | -€2,314 | -62.8% |
| Suppliers | 440/4 | €3,684 | €1,370 | -€2,314 | -62.8% |
| Taxes, remuneration and social security | 45 | €2,066 | €3,826 | +€1,760 | +85.2% |
| Taxes | 450/3 | €2,066 | €3,826 | +€1,760 | +85.2% |
| Other amounts payable | 47/48 | €667,858 | €460,759 | -€207,099 | -31.0% |
| Accrued charges and deferred income | 492/3 | €27,442 | €22,793 | -€4,649 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,869 | €26,607 | +€17,738 | +200% |
| Other operating charges | 640/8 | €118 | €1,118 | +€1,000 | +848% |
| Non-recurring operating charges | 66A | €15,846 | €0 | -€15,846 | -100% |
| Gross operating margin | 9900 | €42,334 | €43,619 | +€1,285 | +3.0% |
| Operating profit (loss) | 9901 | €17,501 | €15,894 | -€1,607 | -9.2% |
| Financial income | 75/76B | €23,359 | €219,142 | +€195,783 | +838% |
| Recurring financial income | 75 | €23,359 | €8,061 | -€15,298 | -65.5% |
| Non-recurring financial income | 76B | - | €211,081 | +€211,081 | |
| Financial charges | 65/66B | €27,809 | €22,702 | -€5,107 | -18.4% |
| Recurring financial charges | 65 | €27,809 | €22,702 | -€5,107 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €13,052 | €212,334 | +€199,282 | +1,527% |
| Income taxes | 67/77 | €3,751 | €2,044 | -€1,707 | -45.5% |
| Profit (loss) for the period | 9904 | €9,301 | €210,290 | +€200,989 | +2,161% |
| Profit (loss) for the period to be appropriated | 9905 | €9,301 | €210,290 | +€200,989 | +2,161% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.