MYRTO: 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.
What changed
MYRTO
NACE 47.770, Retail sale of watches and jewellery
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€5.1m
2023 · €4.4m+€716,774
Equity
€11.9m
2023 · €8.7m+€3.1m
Cash
€7.2m
2023 · €3.2m+€4.0m
Balance sheet total
€23.0m
2023 · €18.7m+€4.4m
Largest movements
Assets
- Cash +€4.0m
up €4.0m (+124%), from €3.2m to €7.2m
mainly Net result for the year (+€5.1m) and Trade debts (+€1.3m)
- Stocks and contracts +€1.7m
up €1.7m (+27.0%), from €6.3m to €8.0m
- Financial fixed assets -€1.0m
down €1.0m (-66.0%), from €1.6m to €531,398
- Receivables within one year -€632,018
down €632,018 (-19.6%), from €3.2m to €2.6m
of which Trade receivables: -€704,584
- Tangible fixed assets +€240,664
up €240,664 (+8.3%), from €2.9m to €3.2m
of which Other tangible fixed assets: +€538,374
Equity and liabilities
- Reserves +€3.0m
up €3.0m (+36.1%), from €8.3m to €11.3m
- Trade debts +€1.3m
up €1.3m (+41.7%), from €3.2m to €4.5m
- Tax, wage and social debts -€797,314
down €797,314 (-37.1%), from €2.2m to €1.4m
of which Taxes: -€814,137
- Other debts +€743,174
up €743,174 (+35.1%), from €2.1m to €2.9m
- Short-term financial debts +€255,354
new in 2024: €255,354
Income statement
- Turnover +€5.9m
up €5.9m (+18.8%), from €31.5m to €37.4m
- Goods and materials +€3.9m
up €3.9m (+18.5%), from €21.1m to €25.1m
of which Change in stocks: decrease (increase): +€2.4m
- Services and other goods +€684,488
up €684,488 (+23.3%), from €2.9m to €3.6m
From the 2023 result to the 2024 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 2023
€4.4m
Turnover
+€5.9m
Other operating income
+€35,466
Goods and materials
-€3.9m
Services and other goods
-€684,488
Staff costs
-€279,843
Depreciation
-€157,231
Write-downs
-€207,459
Other operating charges
-€8,961
Other operating items
+€412,141
Financial income
+€3,318
Financial charges
-€182,655
Taxes
-€207,094
Result 2024
€5.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€5.7m
Investment
+€254,669
Financing
-€1.9m
Cash 2023
€3.2m
From operations (derived)
+€5.7m
Net result for the year
+€5.1m
Depreciation
+€523,584
Stocks and contracts
-€1.7m
Receivables within one year
+€632,018
Deferred charges and accrued income
-€58,351
Trade debts
+€1.3m
Tax, wage and social debts
-€797,314
Advances received
-€101,268
Other debts
+€743,174
Accrued charges and deferred income
-€149
Investment (derived)
+€254,669
Investment in fixed assets (net)
+€254,669
Financing
-€1.9m
Debts after one year
-€199,355
Current portion of long-term debt
-€6,938
Short-term financial debts
+€255,354
Contributions, distributions and other
-€2.0m
Cash 2024
€7.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,686,240 | €23,040,503 | +€4.4m | +23.3% |
| Fixed assets | 21/28 | €4,477,886 | €3,699,634 | -€778,252 | -17.4% |
| Intangible fixed assets | 21 | €2,477 | €14,612 | +€12,135 | +490% |
| Tangible fixed assets | 22/27 | €2,912,960 | €3,153,624 | +€240,664 | +8.3% |
| Plant, machinery and equipment | 23 | €2,264 | €2,359 | +€95 | +4.2% |
| Furniture and vehicles | 24 | €150,812 | €110,674 | -€40,138 | -26.6% |
| Other tangible fixed assets | 26 | €2,474,770 | €3,013,144 | +€538,374 | +21.8% |
| Assets under construction and advance payments | 27 | €285,114 | €27,446 | -€257,668 | -90.4% |
| Financial fixed assets | 28 | €1,562,449 | €531,398 | -€1.0m | -66.0% |
| Other financial fixed assets | 284/8 | €1,562,449 | €531,398 | -€1.0m | -66.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,562,449 | €531,398 | -€1.0m | -66.0% |
| Current assets | 29/58 | €14,208,354 | €19,340,870 | +€5.1m | +36.1% |
| Amounts receivable after more than one year | 29 | €1,300,000 | €1,300,000 | = | 0.0% |
| Trade receivables | 290 | €1,300,000 | €1,300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,330,735 | €8,041,789 | +€1.7m | +27.0% |
| Stocks | 30/36 | €6,330,735 | €8,041,789 | +€1.7m | +27.0% |
| Goods purchased for resale | 34 | €6,330,735 | €6,376,660 | +€45,925 | +0.7% |
| Advance payments | 36 | - | €1,665,129 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €3,232,453 | €2,600,436 | -€632,018 | -19.6% |
| Trade receivables | 40 | €893,020 | €188,436 | -€704,584 | -78.9% |
| Other amounts receivable | 41 | €2,339,433 | €2,411,999 | +€72,566 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,230,772 | €7,225,900 | +€4.0m | +124% |
| Deferred charges and accrued income | 490/1 | €114,394 | €172,745 | +€58,351 | +51.0% |
| Total equity and liabilities | 10/49 | €18,686,240 | €23,040,503 | +€4.4m | +23.3% |
| Equity | 10/15 | €8,720,759 | €11,857,028 | +€3.1m | +36.0% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €8,301,228 | €11,299,308 | +€3.0m | +36.1% |
| Distributable reserves | 133 | €8,301,228 | €11,299,308 | +€3.0m | +36.1% |
| Investment grants | 15 | €44,531 | €182,720 | +€138,189 | +310% |
| Amounts payable | 17/49 | €9,965,481 | €11,183,475 | +€1.2m | +12.2% |
| Amounts payable after more than one year | 17 | €661,855 | €462,500 | -€199,355 | -30.1% |
| Financial debts | 170/4 | €661,855 | €462,500 | -€199,355 | -30.1% |
| Credit institutions | 173 | €99,355 | - | -€99,355 | |
| Other loans | 174 | €562,500 | €462,500 | -€100,000 | -17.8% |
| Amounts payable within one year | 42/48 | €9,303,477 | €10,720,975 | +€1.4m | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €106,293 | €99,355 | -€6,938 | -6.5% |
| Financial debts | 43 | - | €255,354 | +€255,354 | |
| Credit institutions | 430/8 | - | €255,354 | +€255,354 | |
| Trade debts | 44 | €3,179,492 | €4,503,983 | +€1.3m | +41.7% |
| Suppliers | 440/4 | €3,179,492 | €4,503,983 | +€1.3m | +41.7% |
| Advances received on contracts in progress | 46 | €1,749,926 | €1,648,658 | -€101,268 | -5.8% |
| Taxes, remuneration and social security | 45 | €2,150,166 | €1,352,852 | -€797,314 | -37.1% |
| Taxes | 450/3 | €1,980,029 | €1,165,892 | -€814,137 | -41.1% |
| Remuneration and social security | 454/9 | €170,137 | €186,959 | +€16,822 | +9.9% |
| Other amounts payable | 47/48 | €2,117,600 | €2,860,774 | +€743,174 | +35.1% |
| Accrued charges and deferred income | 492/3 | €149 | - | -€149 | |
| Operating income | 70/76A | €31,538,903 | €37,901,850 | +€6.4m | +20.2% |
| Turnover | 70 | €31,473,950 | €37,387,722 | +€5.9m | +18.8% |
| Other operating income | 74 | €52,146 | €87,612 | +€35,466 | +68.0% |
| Non-recurring operating income | 76A | €12,807 | €426,515 | +€413,708 | +3,230% |
| Operating charges | 60/66A | €25,525,659 | €30,785,400 | +€5.3m | +20.6% |
| Goods for resale, raw materials and consumables | 60 | €21,134,760 | €25,054,952 | +€3.9m | +18.5% |
| Purchases | 600/8 | €23,377,118 | €24,852,476 | +€1.5m | +6.3% |
| Change in stocks: decrease (increase) | 609 | -€2,242,358 | €202,477 | +€2.4m | |
| Services and other goods | 61 | €2,939,873 | €3,624,361 | +€684,488 | +23.3% |
| Remuneration, social security and pensions | 62 | €1,007,951 | €1,287,794 | +€279,843 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366,353 | €523,584 | +€157,231 | +42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,266 | €249,725 | +€207,459 | +491% |
| Other operating charges | 640/8 | €33,278 | €42,239 | +€8,961 | +26.9% |
| Non-recurring operating charges | 66A | €1,178 | €2,746 | +€1,568 | +133% |
| Operating profit (loss) | 9901 | €6,013,244 | €7,116,449 | +€1.1m | +18.3% |
| Financial income | 75/76B | €152,709 | €156,027 | +€3,318 | +2.2% |
| Recurring financial income | 75 | €152,709 | €156,027 | +€3,318 | +2.2% |
| Income from financial fixed assets | 750 | €5,697 | - | -€5,697 | |
| Income from current assets | 751 | €129,470 | €125,901 | -€3,569 | -2.8% |
| Other financial income | 752/9 | €17,542 | €30,126 | +€12,584 | +71.7% |
| Financial charges | 65/66B | €287,644 | €470,299 | +€182,655 | +63.5% |
| Recurring financial charges | 65 | €287,644 | €470,299 | +€182,655 | +63.5% |
| Debt charges | 650 | €287,545 | €470,298 | +€182,753 | +63.6% |
| Other financial charges | 652/9 | €99 | €1 | -€98 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €5,878,309 | €6,802,177 | +€923,868 | +15.7% |
| Income taxes | 67/77 | €1,480,723 | €1,687,817 | +€207,094 | +14.0% |
| Taxes | 670/3 | €1,480,723 | €1,687,817 | +€207,094 | +14.0% |
| Profit (loss) for the period | 9904 | €4,397,586 | €5,114,360 | +€716,774 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,397,586 | €5,114,360 | +€716,774 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.