MS UNIVERSAL: 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 UNIVERSAL
Largest movements
- Cash +€9,628
up €9,628 (+16.9%), from €57,126 to €66,755
mainly Net result for the year (+€14,156) and Receivables within one year (+€7,284)
- Receivables within one year -€7,284
down €7,284 (-74.3%), from €9,797 to €2,513
of which Trade receivables: -€9,194
- Tangible fixed assets +€6,455
up €6,455 (+73.7%), from €8,758 to €15,213
of which Land and buildings: +€6,455
- Stocks and contracts +€4,550
up €4,550 (+11.2%), from €40,652 to €45,202
- Profit (loss) carried forward +€14,156
up €14,156 (+45.3%), from €31,266 to €45,422
- Trade debts -€1,862
down €1,862 (-3.7%), from €49,857 to €47,996
- Staff costs -€18,537
down €18,537 (-44.7%), from €41,482 to €22,945
- Taxes +€6,050
up €6,050 (+164.2%), from €3,685 to €9,735
- Other operating charges +€4,276
up €4,276 (+368.1%), from €1,162 to €5,438
- Depreciation -€2,693
down €2,693 (-67.2%), from €4,007 to €1,313
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 | €117,531 | €131,200 | +€13,669 | +11.6% |
| Fixed assets | 21/28 | €8,758 | €15,213 | +€6,455 | +73.7% |
| Tangible fixed assets | 22/27 | €8,758 | €15,213 | +€6,455 | +73.7% |
| Land and buildings | 22 | €8,758 | €15,213 | +€6,455 | +73.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €108,773 | €115,987 | +€7,214 | +6.6% |
| Stocks and contracts in progress | 3 | €40,652 | €45,202 | +€4,550 | +11.2% |
| Stocks | 30/36 | €40,652 | €45,202 | +€4,550 | +11.2% |
| Amounts receivable within one year | 40/41 | €9,797 | €2,513 | -€7,284 | -74.3% |
| Trade receivables | 40 | €9,500 | €306 | -€9,194 | -96.8% |
| Other amounts receivable | 41 | €297 | €2,207 | +€1,910 | +642.6% |
| Cash at bank and in hand | 54/58 | €57,126 | €66,755 | +€9,628 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,517 | +€320 | +26.7% |
| Total equity and liabilities | 10/49 | €117,531 | €131,200 | +€13,669 | +11.6% |
| Equity | 10/15 | €49,866 | €64,022 | +€14,156 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,266 | €45,422 | +€14,156 | +45.3% |
| Amounts payable | 17/49 | €67,665 | €67,178 | -€487 | -0.7% |
| Amounts payable within one year | 42/48 | €67,665 | €65,928 | -€1,737 | -2.6% |
| Trade debts | 44 | €49,857 | €47,996 | -€1,862 | -3.7% |
| Suppliers | 440/4 | €49,857 | €47,996 | -€1,862 | -3.7% |
| Taxes, remuneration and social security | 45 | €17,808 | €17,026 | -€782 | -4.4% |
| Taxes | 450/3 | €14,858 | €14,452 | -€407 | -2.7% |
| Remuneration and social security | 454/9 | €2,949 | €2,574 | -€375 | -12.7% |
| Other amounts payable | 47/48 | - | €907 | +€907 | |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Remuneration, social security and pensions | 62 | €41,482 | €22,945 | -€18,537 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,007 | €1,313 | -€2,693 | -67.2% |
| Other operating charges | 640/8 | €1,162 | €5,438 | +€4,276 | +368.1% |
| Non-recurring operating charges | 66A | €3,250 | €0 | -€3,250 | -100.0% |
| Gross operating margin | 9900 | €59,126 | €59,299 | +€174 | +0.3% |
| Operating profit (loss) | 9901 | €9,225 | €29,603 | +€20,378 | +220.9% |
| Financial income | 75/76B | €85 | €4 | -€81 | -95.9% |
| Recurring financial income | 75 | €85 | €4 | -€81 | -95.9% |
| Financial charges | 65/66B | €5,501 | €5,716 | +€214 | +3.9% |
| Recurring financial charges | 65 | €5,501 | €5,716 | +€214 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €3,808 | €23,891 | +€20,083 | +527.3% |
| Income taxes | 67/77 | €3,685 | €9,735 | +€6,050 | +164.2% |
| Profit (loss) for the period | 9904 | €124 | €14,156 | +€14,032 | +11356.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124 | €14,156 | +€14,032 | +11356.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.