MS Art District: 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.
MS Art District
Largest movements
- Cash -€1,087
down €1,087 (-9.1%), from €11,927 to €10,840
mainly Net result for the year (-€7,700) and Tax, wage and social debts (-€1,690)
- Receivables within one year -€282
down €282 (-9.3%), from €3,049 to €2,767
of which Trade receivables: -€282
- Profit (loss) carried forward -€7,700
down €7,700 (-915%), from -€841 to -€8,541
- Other debts +€7,569
up €7,569 (+115%), from €6,588 to €14,157
- Tax, wage and social debts -€1,690
down €1,690 (-24.0%), from €7,028 to €5,338
of which Taxes: -€1,690
- Trade debts +€451
up €451 (+223%), from €202 to €653
- Gross operating margin -€6,694
down €6,694 (-1,537%), from -€436 to -€7,129
- Taxes +€110
new in 2025: €110
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 | €14,976 | €13,607 | -€1,369 | -9.1% |
| Current assets | 29/58 | €14,976 | €13,607 | -€1,369 | -9.1% |
| Amounts receivable within one year | 40/41 | €3,049 | €2,767 | -€282 | -9.3% |
| Trade receivables | 40 | €3,049 | €2,767 | -€282 | -9.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €11,927 | €10,840 | -€1,087 | -9.1% |
| Total equity and liabilities | 10/49 | €14,976 | €13,607 | -€1,369 | -9.1% |
| Equity | 10/15 | €1,159 | -€6,541 | -€7,700 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€841 | -€8,541 | -€7,700 | -915% |
| Amounts payable | 17/49 | €13,818 | €20,148 | +€6,331 | +45.8% |
| Amounts payable within one year | 42/48 | €13,818 | €20,148 | +€6,331 | +45.8% |
| Trade debts | 44 | €202 | €653 | +€451 | +223% |
| Suppliers | 440/4 | €202 | €653 | +€451 | +223% |
| Taxes, remuneration and social security | 45 | €7,028 | €5,338 | -€1,690 | -24.0% |
| Taxes | 450/3 | €5,028 | €3,338 | -€1,690 | -33.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,588 | €14,157 | +€7,569 | +115% |
| Other operating charges | 640/8 | €387 | €420 | +€33 | +8.5% |
| Gross operating margin | 9900 | -€436 | -€7,129 | -€6,694 | -1,537% |
| Operating profit (loss) | 9901 | -€823 | -€7,550 | -€6,727 | -818% |
| Financial charges | 65/66B | €19 | €40 | +€21 | +114% |
| Recurring financial charges | 65 | €19 | €40 | +€21 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€841 | -€7,589 | -€6,748 | -802% |
| Income taxes | 67/77 | - | €110 | +€110 | |
| Profit (loss) for the period | 9904 | -€841 | -€7,700 | -€6,858 | -815% |
| Profit (loss) for the period to be appropriated | 9905 | -€841 | -€7,700 | -€6,858 | -815% |
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 26 October 2026 via checked.be.