MYTT: 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.
What changed
MYTT
NACE 16.240, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34,251
2024 · -€230,562+€196,311
Equity
€1.1m
2024 · €1.1m-€34,251
Cash
€86,077
2024 · €17,274+€68,804
Balance sheet total
€3.9m
2024 · €4.4m-€534,723
Largest movements
Assets
- Tangible fixed assets -€304,034
down €304,034 (-8.5%), from €3.6m to €3.3m
of which Land and buildings: -€185,410
- Receivables within one year -€301,382
down €301,382 (-39.1%), from €771,044 to €469,662
of which Trade receivables: -€329,384
- Cash +€68,804
up €68,804 (+398.3%), from €17,274 to €86,077
mainly Depreciation (+€338,976) and Receivables within one year (+€301,382)
Equity and liabilities
- Debts after one year -€300,911
down €300,911 (-12.4%), from €2.4m to €2.1m
- Other debts -€148,842
down €148,842 (-51.2%), from €290,680 to €141,838
- Current portion of long-term debt -€51,177
down €51,177 (-13.1%), from €391,550 to €340,373
Income statement
- Gross operating margin +€94,217
up €94,217 (+29.4%), from €320,510 to €414,727
- Staff costs -€81,791
down €81,791, from €67,509 to -€14,282
- Financial charges -€29,225
down €29,225 (-22.9%), from €127,531 to €98,306
- Depreciation +€8,408
up €8,408 (+2.5%), from €330,568 to €338,976
- Financial income -€5,185
down €5,185 (-98.6%), from €5,261 to €76
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.
Result 2024
-€230,562
Gross operating margin
+€94,217
Staff costs
+€81,791
Depreciation
-€8,408
Other operating charges
+€1,454
Financial income
-€5,185
Financial charges
+€29,225
Taxes
+€3,217
Result 2025
-€34,251
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.
From operations
+€447,259
Investment
-€34,942
Financing
-€343,514
Cash 2024
€17,274
From operations (derived)
+€447,259
Net result for the year
-€34,251
Depreciation
+€338,976
Receivables within one year
+€301,382
Deferred charges and accrued income
-€1,889
Provisions
-€6,220
Trade debts
+€20,164
Tax, wage and social debts
-€8,500
Other debts
-€148,842
Accrued charges and deferred income
-€13,560
Investment (derived)
-€34,942
Investment in fixed assets (net)
-€34,942
Financing
-€343,514
Debts after one year
-€300,911
Current portion of long-term debt
-€51,177
Short-term financial debts
+€8,574
Cash 2025
€86,077
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,394,610 | €3,859,887 | -€534,723 | -12.2% |
| Fixed assets | 21/28 | €3,596,468 | €3,292,434 | -€304,034 | -8.5% |
| Tangible fixed assets | 22/27 | €3,596,333 | €3,292,299 | -€304,034 | -8.5% |
| Land and buildings | 22 | €3,363,089 | €3,177,679 | -€185,410 | -5.5% |
| Plant, machinery and equipment | 23 | €105,980 | €61,527 | -€44,453 | -41.9% |
| Furniture and vehicles | 24 | €75,648 | €38,486 | -€37,162 | -49.1% |
| Leasing and similar rights | 25 | €51,617 | €14,607 | -€37,010 | -71.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €798,142 | €567,453 | -€230,689 | -28.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €771,044 | €469,662 | -€301,382 | -39.1% |
| Trade receivables | 40 | €448,787 | €119,404 | -€329,384 | -73.4% |
| Other amounts receivable | 41 | €322,256 | €350,258 | +€28,002 | +8.7% |
| Cash at bank and in hand | 54/58 | €17,274 | €86,077 | +€68,804 | +398.3% |
| Deferred charges and accrued income | 490/1 | €9,825 | €11,714 | +€1,889 | +19.2% |
| Total equity and liabilities | 10/49 | €4,394,610 | €3,859,887 | -€534,723 | -12.2% |
| Equity | 10/15 | €1,141,360 | €1,107,109 | -€34,251 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,317,695 | €1,292,815 | -€24,880 | -1.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €203,835 | €178,955 | -€24,880 | -12.2% |
| Distributable reserves | 133 | €1,113,860 | €1,113,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,935 | -€204,306 | -€9,371 | -4.8% |
| Provisions and deferred taxes | 16 | €46,230 | €40,010 | -€6,220 | -13.5% |
| Deferred taxes | 168 | €46,230 | €40,010 | -€6,220 | -13.5% |
| Amounts payable | 17/49 | €3,207,020 | €2,712,768 | -€494,252 | -15.4% |
| Amounts payable after more than one year | 17 | €2,428,541 | €2,127,630 | -€300,911 | -12.4% |
| Financial debts | 170/4 | €2,428,541 | €2,127,630 | -€300,911 | -12.4% |
| Amounts payable within one year | 42/48 | €763,493 | €583,712 | -€179,780 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €391,550 | €340,373 | -€51,177 | -13.1% |
| Financial debts | 43 | €66,575 | €75,149 | +€8,574 | +12.9% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €16,575 | €25,149 | +€8,574 | +51.7% |
| Trade debts | 44 | €405 | €20,569 | +€20,164 | +4982.9% |
| Suppliers | 440/4 | €405 | €20,569 | +€20,164 | +4982.9% |
| Taxes, remuneration and social security | 45 | €14,283 | €5,783 | -€8,500 | -59.5% |
| Taxes | 450/3 | €1 | €3,863 | +€3,862 | +386200.0% |
| Remuneration and social security | 454/9 | €14,282 | €1,920 | -€12,362 | -86.6% |
| Other amounts payable | 47/48 | €290,680 | €141,838 | -€148,842 | -51.2% |
| Accrued charges and deferred income | 492/3 | €14,986 | €1,426 | -€13,560 | -90.5% |
| Remuneration, social security and pensions | 62 | €67,509 | -€14,282 | -€81,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330,568 | €338,976 | +€8,408 | +2.5% |
| Other operating charges | 640/8 | €29,417 | €27,963 | -€1,454 | -4.9% |
| Gross operating margin | 9900 | €320,510 | €414,727 | +€94,217 | +29.4% |
| Operating profit (loss) | 9901 | -€106,983 | €62,070 | +€169,053 | |
| Financial income | 75/76B | €5,261 | €76 | -€5,185 | -98.6% |
| Recurring financial income | 75 | €5,261 | €76 | -€5,185 | -98.6% |
| Financial charges | 65/66B | €127,531 | €98,306 | -€29,225 | -22.9% |
| Recurring financial charges | 65 | €127,531 | €98,306 | -€29,225 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€229,254 | -€36,160 | +€193,093 | +84.2% |
| Transfer from deferred taxes | 780 | €6,219 | €6,220 | +€1 | 0.0% |
| Income taxes | 67/77 | €7,528 | €4,311 | -€3,217 | -42.7% |
| Profit (loss) for the period | 9904 | -€230,562 | -€34,251 | +€196,311 | +85.1% |
| Transfer from tax-exempt reserves | 789 | €24,877 | €24,880 | +€3 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,685 | -€9,371 | +€196,314 | +95.4% |
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 3 October 2026 via checked.be.