MYOCENE: 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.
MYOCENE
Largest movements
- Cash -€1.7m
down €1.7m (-70.4%), from €2.4m to €698,127
mainly Net result for the year (-€1.1m) and Investment in fixed assets (net) (-€812,739)
- Intangible fixed assets +€235,117
up €235,117 (+10.5%), from €2.2m to €2.5m
- Receivables within one year +€84,983
up €84,983 (+95.9%), from €88,597 to €173,580
of which Trade receivables: +€77,784
- Profit (loss) carried forward -€1.1m
down €1.1m (-68.5%), from -€1.7m to -€2.8m
- Investment grants -€81,859
down €81,859 (-18.0%), from €454,160 to €372,302
- Debts after one year -€71,821
down €71,821 (-3.5%), from €2.0m to €2.0m
of which Other amounts payable: -€71,821
- Accrued charges and deferred income +€51,982
up €51,982 (+66.9%), from €77,673 to €129,656
- Trade debts -€48,104
down €48,104 (-55.9%), from €86,004 to €37,900
of which Suppliers: -€48,104
- Purchases and services +€342,713
up €342,713 (+32.9%), from €1.0m to €1.4m
- Gross operating margin -€236,869
down €236,869, from €34,083 to -€202,786
- Depreciation +€156,906
up €156,906 (+38.4%), from €408,888 to €565,793
- Turnover +€86,880
up €86,880 (+41.3%), from €210,181 to €297,061
- Staff costs +€55,312
up €55,312 (+14.6%), from €379,711 to €435,023
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 | €4,803,469 | €3,513,535 | -€1.3m | -26.9% |
| Fixed assets | 21/28 | €2,244,512 | €2,491,457 | +€246,945 | +11.0% |
| Intangible fixed assets | 21 | €2,231,197 | €2,466,314 | +€235,117 | +10.5% |
| Tangible fixed assets | 22/27 | €10,923 | €24,417 | +€13,494 | +123.5% |
| Plant, machinery and equipment | 23 | €7,173 | €22,316 | +€15,143 | +211.1% |
| Furniture and vehicles | 24 | €3,749 | €2,101 | -€1,648 | -44.0% |
| Financial fixed assets | 28 | €2,392 | €726 | -€1,666 | -69.6% |
| Current assets | 29/58 | €2,558,957 | €1,022,077 | -€1.5m | -60.1% |
| Amounts receivable after more than one year | 29 | €112,342 | €129,591 | +€17,249 | +15.4% |
| Other amounts receivable | 291 | €112,342 | €129,591 | +€17,249 | +15.4% |
| Amounts receivable within one year | 40/41 | €88,597 | €173,580 | +€84,983 | +95.9% |
| Trade receivables | 40 | €28,207 | €105,990 | +€77,784 | +275.8% |
| Other amounts receivable | 41 | €60,390 | €67,590 | +€7,200 | +11.9% |
| Cash at bank and in hand | 54/58 | €2,354,698 | €698,127 | -€1.7m | -70.4% |
| Deferred charges and accrued income | 490/1 | €3,321 | €20,779 | +€17,458 | +525.8% |
| Total equity and liabilities | 10/49 | €4,803,469 | €3,513,535 | -€1.3m | -26.9% |
| Equity | 10/15 | €2,558,075 | €1,328,542 | -€1.2m | -48.1% |
| Contributions | 10/11 | €3,779,709 | €3,779,709 | = | 0.0% |
| Capital | 10 | €3,779,709 | €3,779,709 | = | 0.0% |
| Issued capital | 100 | €3,779,709 | €3,779,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,675,794 | -€2,823,468 | -€1.1m | -68.5% |
| Investment grants | 15 | €454,160 | €372,302 | -€81,859 | -18.0% |
| Amounts payable | 17/49 | €2,245,394 | €2,184,993 | -€60,401 | -2.7% |
| Amounts payable after more than one year | 17 | €2,024,934 | €1,953,113 | -€71,821 | -3.5% |
| Financial debts | 170/4 | €1,925,000 | €1,925,000 | = | 0.0% |
| Other amounts payable | 178/9 | €99,934 | €28,113 | -€71,821 | -71.9% |
| Amounts payable within one year | 42/48 | €142,787 | €102,224 | -€40,563 | -28.4% |
| Financial debts | 43 | €219 | €3,705 | +€3,486 | +1594.9% |
| Credit institutions | 430/8 | €219 | €3,705 | +€3,486 | +1594.9% |
| Trade debts | 44 | €86,004 | €37,900 | -€48,104 | -55.9% |
| Suppliers | 440/4 | €86,004 | €37,900 | -€48,104 | -55.9% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €56,565 | €52,828 | -€3,737 | -6.6% |
| Taxes | 450/3 | €8,076 | €0 | -€8,076 | -100.0% |
| Remuneration and social security | 454/9 | €48,488 | €52,828 | +€4,339 | +8.9% |
| Other amounts payable | 47/48 | - | €7,792 | +€7,792 | |
| Accrued charges and deferred income | 492/3 | €77,673 | €129,656 | +€51,982 | +66.9% |
| Turnover | 70 | €210,181 | €297,061 | +€86,880 | +41.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,040,752 | €1,383,465 | +€342,713 | +32.9% |
| Remuneration, social security and pensions | 62 | €379,711 | €435,023 | +€55,312 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408,888 | €565,793 | +€156,906 | +38.4% |
| Other operating charges | 640/8 | €10,945 | €2,178 | -€8,767 | -80.1% |
| Gross operating margin | 9900 | €34,083 | -€202,786 | -€236,869 | |
| Operating profit (loss) | 9901 | -€765,460 | -€1,205,780 | -€440,320 | -57.5% |
| Financial income | 75/76B | €179,901 | €182,839 | +€2,937 | +1.6% |
| Recurring financial income | 75 | €179,901 | €182,839 | +€2,937 | +1.6% |
| Financial charges | 65/66B | €149,430 | €150,595 | +€1,164 | +0.8% |
| Recurring financial charges | 65 | €149,430 | €150,595 | +€1,164 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€734,989 | -€1,173,536 | -€438,547 | -59.7% |
| Income taxes | 67/77 | -€29,698 | -€25,862 | +€3,836 | +12.9% |
| Profit (loss) for the period | 9904 | -€705,291 | -€1,147,674 | -€442,384 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€705,291 | -€1,147,674 | -€442,384 | -62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.