MS Correct: 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 Correct
Largest movements
- Receivables within one year +€7,241
up €7,241 (+145.7%), from €4,969 to €12,210
of which Trade receivables: +€5,671
- Cash -€4,886
down €4,886 (-7.2%), from €67,428 to €62,542
mainly Receivables within one year (-€7,241) and Other debts (-€1,172)
- Tangible fixed assets -€2,271
down €2,271 (-68.3%), from €3,323 to €1,052
of which Furniture and vehicles: -€1,531
- Other debts -€1,172
down €1,172 (-8.7%), from €13,465 to €12,293
- Gross operating margin -€23,515
down €23,515 (-93.0%), from €25,291 to €1,776
- Depreciation -€3,634
down €3,634 (-83.1%), from €4,374 to €740
- Taxes -€3,558
down €3,558 (-92.9%), from €3,828 to €270
- Financial income +€927
up €927 (+3833.4%), from €24 to €951
of which Non-recurring financial income: +€948
- Staff costs -€594
no longer reported in 2025 (was €594)
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 | €75,721 | €75,805 | +€85 | +0.1% |
| Fixed assets | 21/28 | €3,323 | €1,052 | -€2,271 | -68.3% |
| Tangible fixed assets | 22/27 | €3,323 | €1,052 | -€2,271 | -68.3% |
| Plant, machinery and equipment | 23 | €1,792 | €1,052 | -€740 | -41.3% |
| Furniture and vehicles | 24 | €1,531 | - | -€1,531 | |
| Current assets | 29/58 | €72,397 | €74,753 | +€2,356 | +3.3% |
| Amounts receivable within one year | 40/41 | €4,969 | €12,210 | +€7,241 | +145.7% |
| Trade receivables | 40 | - | €5,671 | +€5,671 | |
| Other amounts receivable | 41 | €4,969 | €6,539 | +€1,570 | +31.6% |
| Cash at bank and in hand | 54/58 | €67,428 | €62,542 | -€4,886 | -7.2% |
| Total equity and liabilities | 10/49 | €75,721 | €75,805 | +€85 | +0.1% |
| Equity | 10/15 | €54,532 | €55,012 | +€480 | +0.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,532 | €52,012 | +€480 | +0.9% |
| Amounts payable | 17/49 | €21,188 | €20,793 | -€395 | -1.9% |
| Amounts payable within one year | 42/48 | €21,188 | €20,793 | -€395 | -1.9% |
| Trade debts | 44 | €43 | €700 | +€657 | +1520.8% |
| Suppliers | 440/4 | €43 | €700 | +€657 | +1520.8% |
| Taxes, remuneration and social security | 45 | €7,680 | €7,800 | +€120 | +1.6% |
| Taxes | 450/3 | €3,830 | €4,100 | +€270 | +7.0% |
| Remuneration and social security | 454/9 | €3,850 | €3,700 | -€150 | -3.9% |
| Other amounts payable | 47/48 | €13,465 | €12,293 | -€1,172 | -8.7% |
| Remuneration, social security and pensions | 62 | €594 | - | -€594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,374 | €740 | -€3,634 | -83.1% |
| Other operating charges | 640/8 | €1,088 | €1,008 | -€80 | -7.3% |
| Gross operating margin | 9900 | €25,291 | €1,776 | -€23,515 | -93.0% |
| Operating profit (loss) | 9901 | €19,235 | €28 | -€19,208 | -99.9% |
| Financial income | 75/76B | €24 | €951 | +€927 | +3833.4% |
| Recurring financial income | 75 | €24 | €3 | -€21 | -88.2% |
| Non-recurring financial income | 76B | - | €948 | +€948 | |
| Financial charges | 65/66B | €168 | €229 | +€61 | +36.6% |
| Recurring financial charges | 65 | €168 | €229 | +€61 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €19,092 | €750 | -€18,342 | -96.1% |
| Income taxes | 67/77 | €3,828 | €270 | -€3,558 | -92.9% |
| Profit (loss) for the period | 9904 | €15,264 | €480 | -€14,785 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,264 | €480 | -€14,785 | -96.9% |
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.