MYTHRAS BOOKS: 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.
MYTHRAS BOOKS
Largest movements
- Cash -€78,287
down €78,287 (-45.5%), from €172,208 to €93,921
mainly Contributions, distributions and other (-€130,000) and Receivables within one year (-€6,081)
- Receivables within one year +€6,081
up €6,081 (+8.2%), from €73,903 to €79,983
of which Other amounts receivable: +€20,402
- Reserves -€63,752
down €63,752 (-41.7%), from €152,721 to €88,969
- Trade debts -€3,887
down €3,887 (-6.4%), from €60,406 to €56,519
- Gross operating margin +€72,193
up €72,193 (+51.3%), from €140,784 to €212,976
- Staff costs +€30,013
up €30,013 (+34.7%), from €86,537 to €116,549
- Taxes +€10,373
up €10,373 (+61.9%), from €16,764 to €27,137
- Depreciation +€2,250
up €2,250 (+161%), from €1,399 to €3,649
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.
Derived cash bridge
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 | €331,003 | €261,235 | -€69,768 | -21.1% |
| Fixed assets | 21/28 | €3,476 | €4,599 | +€1,123 | +32.3% |
| Tangible fixed assets | 22/27 | €2,128 | €3,751 | +€1,623 | +76.2% |
| Furniture and vehicles | 24 | €2,128 | €3,751 | +€1,623 | +76.2% |
| Financial fixed assets | 28 | €1,348 | €848 | -€500 | -37.1% |
| Current assets | 29/58 | €327,526 | €256,636 | -€70,891 | -21.6% |
| Stocks and contracts in progress | 3 | €1,084 | €850 | -€234 | -21.6% |
| Stocks | 30/36 | €1,084 | €850 | -€234 | -21.6% |
| Amounts receivable within one year | 40/41 | €73,903 | €79,983 | +€6,081 | +8.2% |
| Trade receivables | 40 | €69,998 | €55,677 | -€14,321 | -20.5% |
| Other amounts receivable | 41 | €3,904 | €24,306 | +€20,402 | +523% |
| Current investments | 50/53 | €80,332 | €81,194 | +€862 | +1.1% |
| Cash at bank and in hand | 54/58 | €172,208 | €93,921 | -€78,287 | -45.5% |
| Deferred charges and accrued income | 490/1 | €0 | €687 | +€687 | |
| Total equity and liabilities | 10/49 | €331,003 | €261,235 | -€69,768 | -21.1% |
| Equity | 10/15 | €172,721 | €108,969 | -€63,752 | -36.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152,721 | €88,969 | -€63,752 | -41.7% |
| Distributable reserves | 133 | €152,721 | €88,969 | -€63,752 | -41.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,282 | €152,266 | -€6,016 | -3.8% |
| Amounts payable within one year | 42/48 | €158,007 | €152,266 | -€5,741 | -3.6% |
| Trade debts | 44 | €60,406 | €56,519 | -€3,887 | -6.4% |
| Suppliers | 440/4 | €60,406 | €56,519 | -€3,887 | -6.4% |
| Taxes, remuneration and social security | 45 | €32,492 | €30,638 | -€1,854 | -5.7% |
| Taxes | 450/3 | €17,052 | €12,405 | -€4,647 | -27.3% |
| Remuneration and social security | 454/9 | €15,439 | €18,233 | +€2,793 | +18.1% |
| Other amounts payable | 47/48 | €65,109 | €65,109 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €275 | €0 | -€275 | -100% |
| Remuneration, social security and pensions | 62 | €86,537 | €116,549 | +€30,013 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,399 | €3,649 | +€2,250 | +161% |
| Other operating charges | 640/8 | €853 | €812 | -€41 | -4.8% |
| Gross operating margin | 9900 | €140,784 | €212,976 | +€72,193 | +51.3% |
| Operating profit (loss) | 9901 | €51,995 | €91,966 | +€39,971 | +76.9% |
| Financial income | 75/76B | €261 | €1,494 | +€1,233 | +473% |
| Recurring financial income | 75 | €261 | €1,494 | +€1,233 | +473% |
| Financial charges | 65/66B | €287 | €75 | -€212 | -73.8% |
| Recurring financial charges | 65 | €287 | €75 | -€212 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €51,969 | €93,384 | +€41,416 | +79.7% |
| Income taxes | 67/77 | €16,764 | €27,137 | +€10,373 | +61.9% |
| Profit (loss) for the period | 9904 | €35,205 | €66,248 | +€31,043 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,205 | €66,248 | +€31,043 | +88.2% |
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 28 October 2026 via checked.be.