M.S.A. TRADERS: 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.
M.S.A. TRADERS
Largest movements
- Receivables within one year -€32,326
down €32,326 (-99.1%), from €32,614 to €288
of which Other amounts receivable: -€23,329
- Cash +€12,903
up €12,903 (+159%), from €8,098 to €21,001
mainly Receivables within one year (+€32,326) and Depreciation (+€2,400)
- Advances received -€10,890
no longer reported in 2025 (was €10,890)
- Profit (loss) carried forward -€6,260
down €6,260 (-3.4%), from €183,801 to €177,541
- Short-term financial debts -€5,224
down €5,224 (-26.3%), from €19,839 to €14,615
of which Credit institutions: -€5,333
- Purchases and services +€77,150
up €77,150 (+16.9%), from €456,401 to €533,551
- Turnover +€55,537
up €55,537 (+11.7%), from €474,574 to €530,110
- Gross operating margin -€19,952
down €19,952, from €18,173 to -€1,779
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 | €254,786 | €230,947 | -€23,839 | -9.4% |
| Fixed assets | 21/28 | €10,972 | €8,572 | -€2,400 | -21.9% |
| Tangible fixed assets | 22/27 | €10,000 | €7,600 | -€2,400 | -24.0% |
| Furniture and vehicles | 24 | €10,000 | €7,600 | -€2,400 | -24.0% |
| Financial fixed assets | 28 | €972 | €972 | = | 0.0% |
| Current assets | 29/58 | €243,814 | €222,375 | -€21,439 | -8.8% |
| Stocks and contracts in progress | 3 | €203,102 | €201,087 | -€2,015 | -1.0% |
| Stocks | 30/36 | €203,102 | €201,087 | -€2,015 | -1.0% |
| Amounts receivable within one year | 40/41 | €32,614 | €288 | -€32,326 | -99.1% |
| Trade receivables | 40 | €8,997 | - | -€8,997 | |
| Other amounts receivable | 41 | €23,617 | €288 | -€23,329 | -98.8% |
| Cash at bank and in hand | 54/58 | €8,098 | €21,001 | +€12,903 | +159% |
| Total equity and liabilities | 10/49 | €254,786 | €230,947 | -€23,839 | -9.4% |
| Equity | 10/15 | €220,211 | €213,951 | -€6,260 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,809 | €17,809 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,148 | €17,148 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,288 | €15,288 | = | 0.0% |
| Distributable reserves | 133 | €661 | €661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,801 | €177,541 | -€6,260 | -3.4% |
| Amounts payable | 17/49 | €34,576 | €16,997 | -€17,579 | -50.8% |
| Amounts payable within one year | 42/48 | €34,576 | €16,997 | -€17,579 | -50.8% |
| Financial debts | 43 | €19,839 | €14,615 | -€5,224 | -26.3% |
| Credit institutions | 430/8 | €19,839 | €14,506 | -€5,333 | -26.9% |
| Other loans | 439 | - | €109 | +€109 | |
| Trade debts | 44 | €1,820 | €355 | -€1,465 | -80.5% |
| Suppliers | 440/4 | €1,820 | €355 | -€1,465 | -80.5% |
| Advances received on contracts in progress | 46 | €10,890 | - | -€10,890 | |
| Taxes, remuneration and social security | 45 | €2,027 | €2,027 | = | 0.0% |
| Taxes | 450/3 | €2,027 | €2,027 | = | 0.0% |
| Turnover | 70 | €474,574 | €530,110 | +€55,537 | +11.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €456,401 | €533,551 | +€77,150 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,400 | +€400 | +20.0% |
| Other operating charges | 640/8 | €4,228 | €1,471 | -€2,757 | -65.2% |
| Gross operating margin | 9900 | €18,173 | -€1,779 | -€19,952 | |
| Operating profit (loss) | 9901 | €11,945 | -€5,650 | -€17,594 | |
| Financial income | 75/76B | €5,568 | €4,877 | -€691 | -12.4% |
| Recurring financial income | 75 | €5,568 | €4,877 | -€691 | -12.4% |
| Financial charges | 65/66B | €3,005 | €2,987 | -€18 | -0.6% |
| Recurring financial charges | 65 | €3,005 | €2,987 | -€18 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €14,507 | -€3,760 | -€18,267 | |
| Income taxes | 67/77 | €4,527 | €2,500 | -€2,027 | -44.8% |
| Profit (loss) for the period | 9904 | €9,980 | -€6,260 | -€16,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,980 | -€6,260 | -€16,240 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.