MYRAAY: 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.
MYRAAY
Largest movements
- Tangible fixed assets +€187,093
up €187,093 (+89.2%), from €209,827 to €396,920
of which Land and buildings: +€174,341
- Cash +€75,853
up €75,853 (+132.6%), from €57,200 to €133,054
mainly Trade debts (+€122,100) and Debts after one year (+€111,915)
- Receivables within one year +€53,271
up €53,271 (+50.8%), from €104,911 to €158,182
of which Trade receivables: +€51,765
- Stocks and contracts +€28,005
up €28,005 (+19.9%), from €140,980 to €168,985
- Trade debts +€122,100
up €122,100 (+344.0%), from €35,497 to €157,597
of which Bills of exchange payable: +€103,833
- Debts after one year +€111,915
up €111,915 (+99.4%), from €112,537 to €224,452
- Provisions +€80,200
new in 2025: €80,200
- Current portion of long-term debt +€24,076
up €24,076 (+198.7%), from €12,119 to €36,195
- Profit (loss) carried forward +€22,590
up €22,590 (+8.2%), from €275,510 to €298,101
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€982,329
no longer reported in 2025 (was €982,329)
- Provisions +€80,200
new in 2025: €80,200
- Taxes -€47,265
down €47,265 (-66.0%), from €71,633 to €24,368
- Gross operating margin +€13,130
up €13,130 (+8.6%), from €152,092 to €165,222
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 | €512,918 | €857,140 | +€344,223 | +67.1% |
| Fixed assets | 21/28 | €209,827 | €396,920 | +€187,093 | +89.2% |
| Tangible fixed assets | 22/27 | €209,827 | €396,920 | +€187,093 | +89.2% |
| Land and buildings | 22 | €209,058 | €383,399 | +€174,341 | +83.4% |
| Plant, machinery and equipment | 23 | €769 | €383 | -€385 | -50.1% |
| Furniture and vehicles | 24 | - | €13,138 | +€13,138 | |
| Current assets | 29/58 | €303,091 | €460,221 | +€157,130 | +51.8% |
| Stocks and contracts in progress | 3 | €140,980 | €168,985 | +€28,005 | +19.9% |
| Stocks | 30/36 | €140,980 | €168,985 | +€28,005 | +19.9% |
| Amounts receivable within one year | 40/41 | €104,911 | €158,182 | +€53,271 | +50.8% |
| Trade receivables | 40 | €102,804 | €154,569 | +€51,765 | +50.4% |
| Other amounts receivable | 41 | €2,107 | €3,613 | +€1,506 | +71.5% |
| Cash at bank and in hand | 54/58 | €57,200 | €133,054 | +€75,853 | +132.6% |
| Total equity and liabilities | 10/49 | €512,918 | €857,140 | +€344,223 | +67.1% |
| Equity | 10/15 | €290,510 | €313,101 | +€22,590 | +7.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,510 | €298,101 | +€22,590 | +8.2% |
| Provisions and deferred taxes | 16 | - | €80,200 | +€80,200 | |
| Provisions for liabilities and charges | 160/5 | - | €80,200 | +€80,200 | |
| Other liabilities and charges | 164/5 | - | €80,200 | +€80,200 | |
| Amounts payable | 17/49 | €222,407 | €463,840 | +€241,433 | +108.6% |
| Amounts payable after more than one year | 17 | €112,537 | €224,452 | +€111,915 | +99.4% |
| Financial debts | 170/4 | €112,537 | €224,452 | +€111,915 | +99.4% |
| Amounts payable within one year | 42/48 | €109,870 | €239,388 | +€129,518 | +117.9% |
| Current portion of amounts payable after more than one year | 42 | €12,119 | €36,195 | +€24,076 | +198.7% |
| Trade debts | 44 | €35,497 | €157,597 | +€122,100 | +344.0% |
| Suppliers | 440/4 | €35,497 | €53,764 | +€18,267 | +51.5% |
| Bills of exchange payable | 441 | - | €103,833 | +€103,833 | |
| Taxes, remuneration and social security | 45 | €28,617 | €25,517 | -€3,100 | -10.8% |
| Taxes | 450/3 | €19,701 | €25,517 | +€5,816 | +29.5% |
| Remuneration and social security | 454/9 | €8,916 | - | -€8,916 | |
| Other amounts payable | 47/48 | €33,637 | €20,079 | -€13,559 | -40.3% |
| Turnover | 70 | €1,134,421 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €982,329 | - | -€982,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,487 | €19,010 | +€8,523 | +81.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €80,200 | +€80,200 | |
| Other operating charges | 640/8 | €5,606 | €8,083 | +€2,477 | +44.2% |
| Gross operating margin | 9900 | €152,092 | €165,222 | +€13,130 | +8.6% |
| Operating profit (loss) | 9901 | €135,999 | €57,929 | -€78,070 | -57.4% |
| Financial income | 75/76B | €2 | €65 | +€63 | +3004.8% |
| Recurring financial income | 75 | €2 | €65 | +€63 | +3004.8% |
| Financial charges | 65/66B | €7,170 | €11,035 | +€3,865 | +53.9% |
| Recurring financial charges | 65 | €7,170 | €11,035 | +€3,865 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €128,830 | €46,959 | -€81,872 | -63.6% |
| Income taxes | 67/77 | €71,633 | €24,368 | -€47,265 | -66.0% |
| Profit (loss) for the period | 9904 | €57,197 | €22,590 | -€34,607 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,197 | €22,590 | -€34,607 | -60.5% |
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 7 October 2026 via checked.be.