MYN: 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.
What changed
MYN
NACE 47.812, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€205,640
2024 · €151,064+€54,576
Equity
€419,919
2024 · €190,805+€229,114
Cash
€92,321
2024 · €190,327-€98,006
Balance sheet total
€1.3m
2024 · €377,033+€907,865
Largest movements
Assets
- Tangible fixed assets +€761,423
up €761,423 (+1004.9%), from €75,775 to €837,198
of which Land and buildings: +€531,811
- Receivables within one year +€244,448
up €244,448 (+291.9%), from €83,731 to €328,179
of which Trade receivables: +€223,660
- Cash -€98,006
down €98,006 (-51.5%), from €190,327 to €92,321
mainly Investment in fixed assets (net) (-€777,097) and Receivables within one year (-€244,448)
Equity and liabilities
- Debts after one year +€522,333
up €522,333, from €0 to €522,333
of which Financial debts: +€522,333
- Profit (loss) carried forward +€199,621
up €199,621 (+127.3%), from €156,805 to €356,426
- Tax, wage and social debts +€165,056
up €165,056 (+673.4%), from €24,510 to €189,566
of which Taxes: +€115,782
- Trade debts -€105,025
down €105,025 (-94.2%), from €111,472 to €6,447
of which Suppliers: -€105,025
- Current portion of long-term debt +€75,430
up €75,430 (+150.1%), from €50,246 to €125,675
Income statement
- Turnover +€1.3m
new in 2025: €1.3m
- Gross operating margin +€388,099
up €388,099 (+153.3%), from €253,245 to €641,344
- Staff costs +€203,009
up €203,009 (+295.1%), from €68,793 to €271,803
- Purchases and services +€169,921
up €169,921 (+31.9%), from €532,211 to €702,132
- Taxes +€125,356
up €125,356, from €0 to €125,356
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.
Result 2024
€151,064
Gross operating margin
+€388,099
Staff costs
-€203,009
Depreciation
+€15,790
Other operating charges
-€5,971
Financial charges
-€14,977
Taxes
-€125,356
Result 2025
€205,640
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.
From operations
+€57,855
Investment
-€777,097
Financing
+€621,237
Cash 2024
€190,327
From operations (derived)
+€57,855
Net result for the year
+€205,640
Depreciation
+€15,674
Receivables within one year
-€244,448
Trade debts
-€105,025
Tax, wage and social debts
+€165,056
Other debts
+€1,458
Accrued charges and deferred income
+€19,500
Investment (derived)
-€777,097
Investment in fixed assets (net)
-€777,097
Financing
+€621,237
Debts after one year
+€522,333
Current portion of long-term debt
+€75,430
Contributions, distributions and other
+€23,474
Cash 2025
€92,321
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,033 | €1,284,898 | +€907,865 | +240.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €102,975 | €864,398 | +€761,423 | +739.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €75,775 | €837,198 | +€761,423 | +1004.9% |
| Land and buildings | 22 | €0 | €531,811 | +€531,811 | |
| Plant, machinery and equipment | 23 | €1,959 | €1,959 | = | 0.0% |
| Furniture and vehicles | 24 | €73,816 | €98,109 | +€24,293 | +32.9% |
| Leasing and similar rights | 25 | €0 | €205,319 | +€205,319 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €27,200 | €27,200 | = | 0.0% |
| Current assets | 29/58 | €274,059 | €420,500 | +€146,442 | +53.4% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €83,731 | €328,179 | +€244,448 | +291.9% |
| Trade receivables | 40 | €66,132 | €289,791 | +€223,660 | +338.2% |
| Other amounts receivable | 41 | €17,599 | €38,388 | +€20,788 | +118.1% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €190,327 | €92,321 | -€98,006 | -51.5% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €377,033 | €1,284,898 | +€907,865 | +240.8% |
| Equity | 10/15 | €190,805 | €419,919 | +€229,114 | +120.1% |
| Contributions | 10/11 | €4,000 | €3,493 | -€507 | -12.7% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Profit (loss) carried forward | 14 | €156,805 | €356,426 | +€199,621 | +127.3% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,228 | €864,979 | +€678,751 | +364.5% |
| Amounts payable after more than one year | 17 | €0 | €522,333 | +€522,333 | |
| Financial debts | 170/4 | €0 | €522,333 | +€522,333 | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €186,228 | €323,147 | +€136,918 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | €50,246 | €125,675 | +€75,430 | +150.1% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €111,472 | €6,447 | -€105,025 | -94.2% |
| Suppliers | 440/4 | €111,472 | €6,447 | -€105,025 | -94.2% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €24,510 | €189,566 | +€165,056 | +673.4% |
| Taxes | 450/3 | €8,653 | €124,435 | +€115,782 | +1338.1% |
| Remuneration and social security | 454/9 | €15,857 | €65,132 | +€49,274 | +310.7% |
| Other amounts payable | 47/48 | €0 | €1,458 | +€1,458 | |
| Accrued charges and deferred income | 492/3 | €0 | €19,500 | +€19,500 | |
| Turnover | 70 | - | €1,332,954 | +€1.3m | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €532,211 | €702,132 | +€169,921 | +31.9% |
| Remuneration, social security and pensions | 62 | €68,793 | €271,803 | +€203,009 | +295.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,464 | €15,674 | -€15,790 | -50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €1,694 | €7,664 | +€5,971 | +352.5% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €253,245 | €641,344 | +€388,099 | +153.3% |
| Operating profit (loss) | 9901 | €151,294 | €346,203 | +€194,909 | +128.8% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €230 | €15,207 | +€14,977 | +6504.0% |
| Recurring financial charges | 65 | €230 | €15,207 | +€14,977 | +6504.0% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €151,064 | €330,996 | +€179,932 | +119.1% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | €125,356 | +€125,356 | |
| Profit (loss) for the period | 9904 | €151,064 | €205,640 | +€54,576 | +36.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €151,064 | €205,640 | +€54,576 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.