M.S.K. Mode: 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.K. Mode
Largest movements
- Receivables within one year +€24,168
up €24,168 (+227%), from €10,670 to €34,838
of which Trade receivables: +€23,015
- Tangible fixed assets -€5,038
down €5,038 (-19.1%), from €26,350 to €21,312
- Cash -€4,495
down €4,495 (-82.4%), from €5,458 to €963
mainly Receivables within one year (-€24,168) and Tax, wage and social debts (-€14,048)
- Other debts +€17,271
up €17,271 (+230%), from €7,497 to €24,768
- Tax, wage and social debts -€14,048
down €14,048 (-87.6%), from €16,035 to €1,987
- Trade debts +€8,721
up €8,721 (+41.0%), from €21,265 to €29,986
- Profit (loss) carried forward +€2,691
up €2,691, from -€2,672 to €19
- Gross operating margin +€13,706
up €13,706, from -€3,844 to €9,862
- Taxes +€1,800
new in 2025: €1,800
- Financial charges -€368
down €368 (-81.6%), from €451 to €83
- Depreciation -€335
down €335 (-6.2%), from €5,373 to €5,038
- Other operating charges +€250
new in 2025: €250
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 | €62,576 | €77,211 | +€14,635 | +23.4% |
| Fixed assets | 21/28 | €26,350 | €21,312 | -€5,038 | -19.1% |
| Tangible fixed assets | 22/27 | €26,350 | €21,312 | -€5,038 | -19.1% |
| Furniture and vehicles | 24 | €26,350 | €21,312 | -€5,038 | -19.1% |
| Current assets | 29/58 | €36,226 | €55,899 | +€19,673 | +54.3% |
| Stocks and contracts in progress | 3 | €20,098 | €20,098 | = | 0.0% |
| Stocks | 30/36 | €20,098 | €20,098 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,670 | €34,838 | +€24,168 | +227% |
| Trade receivables | 40 | €10,670 | €33,685 | +€23,015 | +216% |
| Other amounts receivable | 41 | - | €1,153 | +€1,153 | |
| Cash at bank and in hand | 54/58 | €5,458 | €963 | -€4,495 | -82.4% |
| Total equity and liabilities | 10/49 | €62,576 | €77,211 | +€14,635 | +23.4% |
| Equity | 10/15 | €17,779 | €20,470 | +€2,691 | +15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,672 | €19 | +€2,691 | |
| Amounts payable | 17/49 | €44,797 | €56,741 | +€11,944 | +26.7% |
| Amounts payable within one year | 42/48 | €44,797 | €56,741 | +€11,944 | +26.7% |
| Trade debts | 44 | €21,265 | €29,986 | +€8,721 | +41.0% |
| Suppliers | 440/4 | €21,265 | €29,986 | +€8,721 | +41.0% |
| Taxes, remuneration and social security | 45 | €16,035 | €1,987 | -€14,048 | -87.6% |
| Taxes | 450/3 | €16,035 | €1,987 | -€14,048 | -87.6% |
| Other amounts payable | 47/48 | €7,497 | €24,768 | +€17,271 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,373 | €5,038 | -€335 | -6.2% |
| Other operating charges | 640/8 | - | €250 | +€250 | |
| Gross operating margin | 9900 | -€3,844 | €9,862 | +€13,706 | |
| Operating profit (loss) | 9901 | -€9,217 | €4,574 | +€13,791 | |
| Financial charges | 65/66B | €451 | €83 | -€368 | -81.6% |
| Recurring financial charges | 65 | €451 | €83 | -€368 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,668 | €4,491 | +€14,159 | |
| Income taxes | 67/77 | - | €1,800 | +€1,800 | |
| Profit (loss) for the period | 9904 | -€9,668 | €2,691 | +€12,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,668 | €2,691 | +€12,359 |
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 24 October 2026 via checked.be.