MYCOR: 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.
MYCOR
Largest movements
- Stocks and contracts -€1.2m
no longer reported in 2026 (was €1.2m)
- Tangible fixed assets +€516,465
up €516,465 (+23.0%), from €2.2m to €2.8m
of which Other tangible fixed assets: +€499,656
- Receivables within one year +€317,941
up €317,941 (+412910.4%), from €77 to €318,018
- Cash +€145,974
up €145,974 (+175.9%), from €82,967 to €228,941
mainly Stocks and contracts (+€1.2m) and Trade debts (+€582,313)
- Profit (loss) carried forward -€879,272
down €879,272 (-70.5%), from €1.2m to €368,578
- Trade debts +€582,313
up €582,313 (+773.8%), from €75,255 to €657,568
- Tax, wage and social debts +€348,956
up €348,956 (+57.3%), from €609,320 to €958,276
of which Taxes: +€289,890
- Other debts -€113,997
down €113,997 (-8.7%), from €1.3m to €1.2m
- Current portion of long-term debt -€112,500
no longer reported in 2026 (was €112,500)
- Gross operating margin -€1.3m
down €1.3m (-35.6%), from €3.7m to €2.4m
- Taxes -€256,098
down €256,098 (-62.2%), from €411,594 to €155,496
- Staff costs -€169,830
down €169,830 (-11.2%), from €1.5m to €1.4m
- Depreciation -€117,660
down €117,660 (-21.4%), from €550,350 to €432,690
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,499,990 | €3,308,555 | -€191,435 | -5.5% |
| Fixed assets | 21/28 | €2,242,497 | €2,758,962 | +€516,465 | +23.0% |
| Tangible fixed assets | 22/27 | €2,242,372 | €2,758,837 | +€516,465 | +23.0% |
| Plant, machinery and equipment | 23 | €6,844 | €22,896 | +€16,052 | +234.5% |
| Furniture and vehicles | 24 | - | €757 | +€757 | |
| Other tangible fixed assets | 26 | €2,235,528 | €2,735,184 | +€499,656 | +22.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,257,493 | €549,593 | -€707,900 | -56.3% |
| Amounts receivable after more than one year | 29 | - | €508 | +€508 | |
| Other amounts receivable | 291 | - | €508 | +€508 | |
| Stocks and contracts in progress | 3 | €1,174,449 | - | -€1.2m | |
| Stocks | 30/36 | €1,174,449 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | €77 | €318,018 | +€317,941 | +412910.4% |
| Other amounts receivable | 41 | €77 | €318,018 | +€317,941 | +412910.4% |
| Cash at bank and in hand | 54/58 | €82,967 | €228,941 | +€145,974 | +175.9% |
| Deferred charges and accrued income | 490/1 | - | €2,126 | +€2,126 | |
| Total equity and liabilities | 10/49 | €3,499,990 | €3,308,555 | -€191,435 | -5.5% |
| Equity | 10/15 | €1,374,930 | €493,594 | -€881,336 | -64.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €65,580 | €63,516 | -€2,064 | -3.1% |
| Non-distributable reserves | 130/1 | €8,214 | €6,150 | -€2,064 | -25.1% |
| Legal reserve | 130 | €8,214 | €6,150 | -€2,064 | -25.1% |
| Tax-exempt reserves | 132 | €57,366 | €57,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,247,850 | €368,578 | -€879,272 | -70.5% |
| Amounts payable | 17/49 | €2,125,060 | €2,814,961 | +€689,901 | +32.5% |
| Amounts payable within one year | 42/48 | €2,110,189 | €2,814,961 | +€704,772 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €112,500 | - | -€112,500 | |
| Trade debts | 44 | €75,255 | €657,568 | +€582,313 | +773.8% |
| Suppliers | 440/4 | €75,255 | €657,568 | +€582,313 | +773.8% |
| Taxes, remuneration and social security | 45 | €609,320 | €958,276 | +€348,956 | +57.3% |
| Taxes | 450/3 | €457,714 | €747,604 | +€289,890 | +63.3% |
| Remuneration and social security | 454/9 | €151,606 | €210,672 | +€59,066 | +39.0% |
| Other amounts payable | 47/48 | €1,313,114 | €1,199,117 | -€113,997 | -8.7% |
| Accrued charges and deferred income | 492/3 | €14,871 | - | -€14,871 | |
| Remuneration, social security and pensions | 62 | €1,519,912 | €1,350,082 | -€169,830 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550,350 | €432,690 | -€117,660 | -21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,005 | - | +€15,005 | |
| Other operating charges | 640/8 | €85,121 | €78,436 | -€6,685 | -7.9% |
| Gross operating margin | 9900 | €3,669,006 | €2,361,276 | -€1.3m | -35.6% |
| Operating profit (loss) | 9901 | €1,528,628 | €500,068 | -€1.0m | -67.3% |
| Financial income | 75/76B | €1,838 | €34,086 | +€32,248 | +1754.5% |
| Recurring financial income | 75 | €1,838 | €34,086 | +€32,248 | +1754.5% |
| Financial charges | 65/66B | €14,293 | €12,144 | -€2,149 | -15.0% |
| Recurring financial charges | 65 | €14,293 | €12,144 | -€2,149 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €1,516,173 | €522,010 | -€994,163 | -65.6% |
| Income taxes | 67/77 | €411,594 | €155,496 | -€256,098 | -62.2% |
| Profit (loss) for the period | 9904 | €1,104,579 | €366,514 | -€738,065 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,104,579 | €366,514 | -€738,065 | -66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.