MS Bat: 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 Bat
Largest movements
- Tangible fixed assets +€5,542
new in 2025: €5,542
- Cash +€4,798
up €4,798 (+2266.0%), from €212 to €5,010
mainly Net result for the year (+€14,509) and Depreciation (+€158)
- Receivables within one year +€2,491
up €2,491 (+16.7%), from €14,939 to €17,430
of which Trade receivables: +€2,030
- Profit (loss) carried forward +€14,509
up €14,509 (+82.8%), from -€17,523 to -€3,014
- Trade debts -€1,679
down €1,679 (-21.9%), from €7,674 to €5,996
- Gross operating margin +€23,337
up €23,337 (+125.2%), from €18,645 to €41,982
- Write-downs -€16,320
no longer reported in 2025 (was €16,320)
- Staff costs +€15,105
up €15,105 (+143.5%), from €10,526 to €25,631
- Taxes -€10,422
down €10,422 (-94.7%), from €11,000 to €578
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 | €15,151 | €27,981 | +€12,830 | +84.7% |
| Fixed assets | 21/28 | - | €5,542 | +€5,542 | |
| Tangible fixed assets | 22/27 | - | €5,542 | +€5,542 | |
| Furniture and vehicles | 24 | - | €5,542 | +€5,542 | |
| Current assets | 29/58 | €15,151 | €22,440 | +€7,289 | +48.1% |
| Amounts receivable within one year | 40/41 | €14,939 | €17,430 | +€2,491 | +16.7% |
| Trade receivables | 40 | €2,996 | €5,026 | +€2,030 | +67.7% |
| Other amounts receivable | 41 | €11,943 | €12,404 | +€461 | +3.9% |
| Cash at bank and in hand | 54/58 | €212 | €5,010 | +€4,798 | +2266.0% |
| Total equity and liabilities | 10/49 | €15,151 | €27,981 | +€12,830 | +84.7% |
| Equity | 10/15 | €7,477 | €21,986 | +€14,509 | +194.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,523 | -€3,014 | +€14,509 | +82.8% |
| Amounts payable | 17/49 | €7,674 | €5,996 | -€1,679 | -21.9% |
| Amounts payable within one year | 42/48 | €7,674 | €5,996 | -€1,679 | -21.9% |
| Trade debts | 44 | €7,674 | €5,996 | -€1,679 | -21.9% |
| Suppliers | 440/4 | €7,674 | €5,996 | -€1,679 | -21.9% |
| Remuneration, social security and pensions | 62 | €10,526 | €25,631 | +€15,105 | +143.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €158 | +€158 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,320 | - | -€16,320 | |
| Other operating charges | 640/8 | €801 | €994 | +€193 | +24.1% |
| Gross operating margin | 9900 | €18,645 | €41,982 | +€23,337 | +125.2% |
| Operating profit (loss) | 9901 | -€9,002 | €15,198 | +€24,200 | |
| Financial charges | 65/66B | - | €111 | +€111 | |
| Recurring financial charges | 65 | - | €111 | +€111 | |
| Profit (loss) for the period before taxes | 9903 | -€9,002 | €15,087 | +€24,089 | |
| Income taxes | 67/77 | €11,000 | €578 | -€10,422 | -94.7% |
| Profit (loss) for the period | 9904 | -€20,002 | €14,509 | +€34,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,002 | €14,509 | +€34,511 |
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 7 October 2026 via checked.be.