MYSEC: 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.
MYSEC
Largest movements
- Cash +€64,960
up €64,960 (+105.0%), from €61,896 to €126,855
mainly Net result for the year (+€129,715) and Depreciation (+€13,683)
- Receivables within one year +€21,309
up €21,309 (+36.3%), from €58,782 to €80,091
of which Trade receivables: +€13,825
- Reserves +€129,715
up €129,715 (+123.0%), from €105,447 to €235,162
- Tax, wage and social debts -€32,486
down €32,486 (-65.1%), from €49,916 to €17,431
- Other debts -€12,460
down €12,460 (-100.0%), from €12,460 to €0
- Gross operating margin +€82,219
up €82,219 (+66.3%), from €124,099 to €206,318
- Taxes +€37,430
up €37,430 (+167.3%), from €22,371 to €59,802
- Financial income +€7,479
up €7,479 (+5132.7%), from €146 to €7,625
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 | €188,800 | €273,470 | +€84,669 | +44.8% |
| Fixed assets | 21/28 | €62,465 | €58,290 | -€4,175 | -6.7% |
| Tangible fixed assets | 22/27 | €52,165 | €49,560 | -€2,605 | -5.0% |
| Land and buildings | 22 | €11,455 | €10,080 | -€1,374 | -12.0% |
| Plant, machinery and equipment | 23 | €4,036 | €4,991 | +€955 | +23.7% |
| Furniture and vehicles | 24 | €36,675 | €34,489 | -€2,185 | -6.0% |
| Financial fixed assets | 28 | €10,300 | €8,730 | -€1,570 | -15.2% |
| Current assets | 29/58 | €126,335 | €215,179 | +€88,844 | +70.3% |
| Amounts receivable within one year | 40/41 | €58,782 | €80,091 | +€21,309 | +36.3% |
| Trade receivables | 40 | - | €13,825 | +€13,825 | |
| Other amounts receivable | 41 | €58,782 | €66,266 | +€7,483 | +12.7% |
| Cash at bank and in hand | 54/58 | €61,896 | €126,855 | +€64,960 | +105.0% |
| Deferred charges and accrued income | 490/1 | €5,657 | €8,233 | +€2,576 | +45.5% |
| Total equity and liabilities | 10/49 | €188,800 | €273,470 | +€84,669 | +44.8% |
| Equity | 10/15 | €111,647 | €241,362 | +€129,715 | +116.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,447 | €235,162 | +€129,715 | +123.0% |
| Distributable reserves | 133 | €105,447 | €235,162 | +€129,715 | +123.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,153 | €32,108 | -€45,045 | -58.4% |
| Amounts payable within one year | 42/48 | €77,153 | €32,108 | -€45,045 | -58.4% |
| Trade debts | 44 | €14,777 | €14,677 | -€99 | -0.7% |
| Suppliers | 440/4 | €14,777 | €14,677 | -€99 | -0.7% |
| Taxes, remuneration and social security | 45 | €49,916 | €17,431 | -€32,486 | -65.1% |
| Taxes | 450/3 | €49,916 | €17,431 | -€32,486 | -65.1% |
| Other amounts payable | 47/48 | €12,460 | €0 | -€12,460 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,486 | €13,683 | -€1,803 | -11.6% |
| Other operating charges | 640/8 | €1,670 | €989 | -€681 | -40.8% |
| Non-recurring operating charges | 66A | - | €4,080 | +€4,080 | |
| Gross operating margin | 9900 | €124,099 | €206,318 | +€82,219 | +66.3% |
| Operating profit (loss) | 9901 | €106,943 | €187,565 | +€80,622 | +75.4% |
| Financial income | 75/76B | €146 | €7,625 | +€7,479 | +5132.7% |
| Recurring financial income | 75 | €146 | €7,625 | +€7,479 | +5132.7% |
| Financial charges | 65/66B | €6,580 | €5,674 | -€906 | -13.8% |
| Recurring financial charges | 65 | €6,580 | €5,674 | -€906 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €100,509 | €189,517 | +€89,008 | +88.6% |
| Income taxes | 67/77 | €22,371 | €59,802 | +€37,430 | +167.3% |
| Profit (loss) for the period | 9904 | €78,137 | €129,715 | +€51,577 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,137 | €129,715 | +€51,577 | +66.0% |
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 8 October 2026 via checked.be.