MS-DECO: 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-DECO
Largest movements
- Cash +€45,129
up €45,129 (+30.7%), from €146,971 to €192,100
mainly Net result for the year (+€53,734) and Depreciation (+€21,358)
- Tangible fixed assets -€21,358
down €21,358 (-22.4%), from €95,388 to €74,030
of which Furniture and vehicles: -€20,076
- Reserves +€25,000
up €25,000 (+27.2%), from €91,860 to €116,860
of which Tax-exempt reserves: +€55,000
- Trade debts +€15,028
up €15,028 (+403.6%), from €3,724 to €18,752
- Accrued charges and deferred income -€8,947
down €8,947 (-96.4%), from €9,281 to €334
- Other debts -€7,926
down €7,926 (-98.7%), from €8,029 to €103
- Gross operating margin -€107,853
down €107,853 (-40.2%), from €268,374 to €160,520
- Turnover -€85,862
down €85,862 (-17.5%), from €490,182 to €404,321
- Staff costs -€54,060
down €54,060 (-47.7%), from €113,214 to €59,155
- Purchases and services +€21,992
up €21,992 (+9.9%), from €221,808 to €243,800
- Taxes -€14,042
down €14,042 (-39.0%), from €35,986 to €21,943
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,382 | €589,316 | +€18,934 | +3.3% |
| Fixed assets | 21/28 | €95,388 | €74,030 | -€21,358 | -22.4% |
| Tangible fixed assets | 22/27 | €95,388 | €74,030 | -€21,358 | -22.4% |
| Land and buildings | 22 | €42,821 | €41,538 | -€1,282 | -3.0% |
| Furniture and vehicles | 24 | €52,568 | €32,491 | -€20,076 | -38.2% |
| Current assets | 29/58 | €474,994 | €515,286 | +€40,292 | +8.5% |
| Amounts receivable within one year | 40/41 | €320,892 | €318,133 | -€2,759 | -0.9% |
| Trade receivables | 40 | €21,646 | €18,751 | -€2,895 | -13.4% |
| Other amounts receivable | 41 | €299,245 | €299,382 | +€136 | 0.0% |
| Cash at bank and in hand | 54/58 | €146,971 | €192,100 | +€45,129 | +30.7% |
| Deferred charges and accrued income | 490/1 | €7,131 | €5,054 | -€2,077 | -29.1% |
| Total equity and liabilities | 10/49 | €570,382 | €589,316 | +€18,934 | +3.3% |
| Equity | 10/15 | €508,463 | €533,626 | +€25,163 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,860 | €116,860 | +€25,000 | +27.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €55,000 | +€55,000 | |
| Distributable reserves | 133 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Profit (loss) carried forward | 14 | €398,003 | €398,166 | +€163 | 0.0% |
| Amounts payable | 17/49 | €61,919 | €55,690 | -€6,229 | -10.1% |
| Amounts payable within one year | 42/48 | €52,638 | €55,356 | +€2,718 | +5.2% |
| Trade debts | 44 | €3,724 | €18,752 | +€15,028 | +403.6% |
| Suppliers | 440/4 | €3,724 | €18,752 | +€15,028 | +403.6% |
| Taxes, remuneration and social security | 45 | €40,885 | €36,501 | -€4,384 | -10.7% |
| Taxes | 450/3 | €33,291 | €36,501 | +€3,210 | +9.6% |
| Remuneration and social security | 454/9 | €7,594 | - | -€7,594 | |
| Other amounts payable | 47/48 | €8,029 | €103 | -€7,926 | -98.7% |
| Accrued charges and deferred income | 492/3 | €9,281 | €334 | -€8,947 | -96.4% |
| Turnover | 70 | €490,182 | €404,321 | -€85,862 | -17.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €221,808 | €243,800 | +€21,992 | +9.9% |
| Remuneration, social security and pensions | 62 | €113,214 | €59,155 | -€54,060 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,468 | €21,358 | +€6,891 | +47.6% |
| Other operating charges | 640/8 | €1,064 | €1,646 | +€581 | +54.6% |
| Gross operating margin | 9900 | €268,374 | €160,520 | -€107,853 | -40.2% |
| Operating profit (loss) | 9901 | €139,627 | €78,361 | -€61,266 | -43.9% |
| Financial income | 75/76B | €112 | €561 | +€449 | +399.2% |
| Recurring financial income | 75 | €112 | €561 | +€449 | +399.2% |
| Financial charges | 65/66B | €1,481 | €3,245 | +€1,764 | +119.1% |
| Recurring financial charges | 65 | €1,481 | €3,245 | +€1,764 | +119.1% |
| Profit (loss) for the period before taxes | 9903 | €138,258 | €75,677 | -€62,581 | -45.3% |
| Income taxes | 67/77 | €35,986 | €21,943 | -€14,042 | -39.0% |
| Profit (loss) for the period | 9904 | €102,272 | €53,734 | -€48,538 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,272 | €53,734 | -€48,538 | -47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.