MS CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€15,988
down €15,988 (-76.8%), from €20,805 to €4,817
of which Trade receivables: -€11,393
- Cash +€14,379
up €14,379 (+304%), from €4,728 to €19,107
mainly Receivables within one year (+€15,988)
- Profit (loss) carried forward -€1,609
down €1,609 (-12.6%), from €12,729 to €11,120
- Gross operating margin -€8,552
down €8,552, from €7,586 to -€966
- Depreciation -€256
down €256 (-100%), from €256 to €0
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 | €25,853 | €24,244 | -€1,609 | -6.2% |
| Fixed assets | 21/28 | €320 | €320 | = | 0.0% |
| Tangible fixed assets | 22/27 | €320 | €320 | = | 0.0% |
| Furniture and vehicles | 24 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €25,533 | €23,924 | -€1,609 | -6.3% |
| Amounts receivable within one year | 40/41 | €20,805 | €4,817 | -€15,988 | -76.8% |
| Trade receivables | 40 | €11,393 | €0 | -€11,393 | -100% |
| Other amounts receivable | 41 | €9,411 | €4,817 | -€4,594 | -48.8% |
| Cash at bank and in hand | 54/58 | €4,728 | €19,107 | +€14,379 | +304% |
| Total equity and liabilities | 10/49 | €25,853 | €24,244 | -€1,609 | -6.2% |
| Equity | 10/15 | €25,853 | €24,244 | -€1,609 | -6.2% |
| Contributions | 10/11 | €11,144 | €11,144 | = | 0.0% |
| Reserves | 13 | €1,980 | €1,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,980 | €1,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,980 | €1,980 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €12,729 | €11,120 | -€1,609 | -12.6% |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €0 | -€256 | -100% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,586 | -€966 | -€8,552 | |
| Operating profit (loss) | 9901 | €6,824 | -€1,485 | -€8,310 | |
| Financial charges | 65/66B | €46 | €42 | -€4 | -9.1% |
| Recurring financial charges | 65 | €46 | €42 | -€4 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,778 | -€1,528 | -€8,305 | |
| Income taxes | 67/77 | €120 | €82 | -€39 | -32.3% |
| Profit (loss) for the period | 9904 | €6,657 | -€1,609 | -€8,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,657 | -€1,609 | -€8,267 |
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 25 October 2026 via checked.be.