MS ASUNNOT: 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.
MS ASUNNOT
Largest movements
- Cash +€3,088
up €3,088 (+76.9%), from €4,013 to €7,101
mainly Depreciation (+€8,983) and Net result for the year (+€8,345)
- Tangible fixed assets -€2,570
down €2,570 (-2.3%), from €110,107 to €107,538
of which Land and buildings: -€8,160
- Receivables within one year -€1,907
down €1,907 (-21.1%), from €9,058 to €7,151
of which Trade receivables: -€3,151
- Other debts -€12,000
down €12,000 (-24.8%), from €48,470 to €36,470
- Profit (loss) carried forward +€8,345
up €8,345 (+23.5%), from €35,455 to €43,799
- Accrued charges and deferred income +€5,999
new in 2025: €5,999
- Tax, wage and social debts -€4,281
no longer reported in 2025 (was €4,281)
- Gross operating margin -€4,366
down €4,366 (-16.3%), from €26,788 to €22,422
- Taxes -€1,500
down €1,500 (-35.0%), from €4,281 to €2,782
- Depreciation +€269
up €269 (+3.1%), from €8,714 to €8,983
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,727 | €132,403 | -€1,324 | -1.0% |
| Fixed assets | 21/28 | €110,107 | €107,538 | -€2,570 | -2.3% |
| Tangible fixed assets | 22/27 | €110,107 | €107,538 | -€2,570 | -2.3% |
| Land and buildings | 22 | €106,380 | €98,220 | -€8,160 | -7.7% |
| Plant, machinery and equipment | 23 | €3,727 | €9,318 | +€5,590 | +150.0% |
| Current assets | 29/58 | €23,620 | €24,865 | +€1,246 | +5.3% |
| Amounts receivable within one year | 40/41 | €9,058 | €7,151 | -€1,907 | -21.1% |
| Trade receivables | 40 | €9,056 | €5,904 | -€3,151 | -34.8% |
| Other amounts receivable | 41 | €2 | €1,246 | +€1,244 | +60114.5% |
| Current investments | 50/53 | €10,549 | €10,614 | +€65 | +0.6% |
| Cash at bank and in hand | 54/58 | €4,013 | €7,101 | +€3,088 | +76.9% |
| Total equity and liabilities | 10/49 | €133,727 | €132,403 | -€1,324 | -1.0% |
| Equity | 10/15 | €79,455 | €87,799 | +€8,345 | +10.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,455 | €43,799 | +€8,345 | +23.5% |
| Amounts payable | 17/49 | €54,272 | €44,604 | -€9,668 | -17.8% |
| Amounts payable within one year | 42/48 | €54,272 | €38,605 | -€15,667 | -28.9% |
| Trade debts | 44 | €1,522 | €2,135 | +€613 | +40.3% |
| Suppliers | 440/4 | €1,522 | €2,135 | +€613 | +40.3% |
| Taxes, remuneration and social security | 45 | €4,281 | - | -€4,281 | |
| Taxes | 450/3 | €4,281 | - | -€4,281 | |
| Other amounts payable | 47/48 | €48,470 | €36,470 | -€12,000 | -24.8% |
| Accrued charges and deferred income | 492/3 | - | €5,999 | +€5,999 | |
| Non-recurring operating income | 76A | €2,288 | - | -€2,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,714 | €8,983 | +€269 | +3.1% |
| Other operating charges | 640/8 | €2,196 | €2,265 | +€69 | +3.1% |
| Gross operating margin | 9900 | €26,788 | €22,422 | -€4,366 | -16.3% |
| Operating profit (loss) | 9901 | €15,879 | €11,175 | -€4,704 | -29.6% |
| Financial income | 75/76B | €2 | €93 | +€91 | +4486.7% |
| Recurring financial income | 75 | €2 | €93 | +€91 | +4486.7% |
| Financial charges | 65/66B | €170 | €142 | -€28 | -16.4% |
| Recurring financial charges | 65 | €170 | €142 | -€28 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €15,711 | €11,126 | -€4,585 | -29.2% |
| Income taxes | 67/77 | €4,281 | €2,782 | -€1,500 | -35.0% |
| Profit (loss) for the period | 9904 | €11,430 | €8,345 | -€3,085 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,430 | €8,345 | -€3,085 | -27.0% |
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 5 October 2026 via checked.be.