MS-IT: 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-IT
Largest movements
- Cash -€26,349
down €26,349 (-58.8%), from €44,783 to €18,434
mainly Tax, wage and social debts (-€19,392) and Net result for the year (-€12,821)
- Receivables within one year -€5,418
down €5,418 (-40.7%), from €13,304 to €7,886
of which Trade receivables: -€8,136
- Tax, wage and social debts -€19,392
down €19,392 (-97.9%), from €19,812 to €419
of which Taxes: -€16,892
- Profit (loss) carried forward -€12,821
down €12,821 (-42.3%), from €30,285 to €17,464
- Trade debts -€3,525
down €3,525 (-93.9%), from €3,755 to €230
- Other debts +€2,128
up €2,128 (+71.5%), from €2,975 to €5,103
- Accrued charges and deferred income +€1,785
up €1,785 (+130.5%), from €1,368 to €3,153
- Gross operating margin -€52,032
down €52,032, from €41,774 to -€10,259
- Taxes -€8,467
down €8,467 (-95.3%), from €8,886 to €419
- Other operating charges -€1,041
down €1,041 (-73.2%), from €1,422 to €381
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 | €60,194 | €28,391 | -€31,803 | -52.8% |
| Fixed assets | 21/28 | €651 | €1,042 | +€392 | +60.2% |
| Tangible fixed assets | 22/27 | €651 | €1,042 | +€392 | +60.2% |
| Furniture and vehicles | 24 | €651 | €1,042 | +€392 | +60.2% |
| Current assets | 29/58 | €59,544 | €27,349 | -€32,195 | -54.1% |
| Amounts receivable within one year | 40/41 | €13,304 | €7,886 | -€5,418 | -40.7% |
| Trade receivables | 40 | €13,304 | €5,168 | -€8,136 | -61.2% |
| Other amounts receivable | 41 | - | €2,718 | +€2,718 | |
| Cash at bank and in hand | 54/58 | €44,783 | €18,434 | -€26,349 | -58.8% |
| Deferred charges and accrued income | 490/1 | €1,457 | €1,029 | -€428 | -29.4% |
| Total equity and liabilities | 10/49 | €60,194 | €28,391 | -€31,803 | -52.8% |
| Equity | 10/15 | €32,285 | €19,464 | -€12,821 | -39.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,285 | €17,464 | -€12,821 | -42.3% |
| Amounts payable | 17/49 | €27,909 | €8,927 | -€18,983 | -68.0% |
| Amounts payable within one year | 42/48 | €26,541 | €5,774 | -€20,768 | -78.2% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €3,755 | €230 | -€3,525 | -93.9% |
| Suppliers | 440/4 | €3,755 | €230 | -€3,525 | -93.9% |
| Taxes, remuneration and social security | 45 | €19,812 | €419 | -€19,392 | -97.9% |
| Taxes | 450/3 | €17,312 | €419 | -€16,892 | -97.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €2,975 | €5,103 | +€2,128 | +71.5% |
| Accrued charges and deferred income | 492/3 | €1,368 | €3,153 | +€1,785 | +130.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €546 | +€338 | +162.3% |
| Other operating charges | 640/8 | €1,422 | €381 | -€1,041 | -73.2% |
| Gross operating margin | 9900 | €41,774 | -€10,259 | -€52,032 | |
| Operating profit (loss) | 9901 | €40,144 | -€11,185 | -€51,329 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €973 | €1,216 | +€244 | +25.1% |
| Recurring financial charges | 65 | €973 | €1,216 | +€244 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €39,171 | -€12,401 | -€51,573 | |
| Income taxes | 67/77 | €8,886 | €419 | -€8,467 | -95.3% |
| Profit (loss) for the period | 9904 | €30,285 | -€12,821 | -€43,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,285 | -€12,821 | -€43,106 |
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 6 October 2026 via checked.be.