MS-URG: 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-URG
Largest movements
- Cash -€6,523
down €6,523 (-97.3%), from €6,702 to €179
mainly Net result for the year (-€7,964) and Tax, wage and social debts (-€763)
- Receivables within one year -€584
down €584 (-100.0%), from €584 to €0
- Profit (loss) carried forward -€5,740
new in 2025: -€5,740
- Reserves -€2,224
down €2,224 (-100.0%), from €2,224 to €0
- Other debts +€992
up €992 (+245.8%), from €404 to €1,395
- Tax, wage and social debts -€763
down €763 (-98.8%), from €772 to €9
- Trade debts +€628
up €628 (+336.3%), from €187 to €815
- Gross operating margin -€10,905
down €10,905, from €3,022 to -€7,883
- Taxes -€763
down €763 (-98.8%), from €772 to €9
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 | €7,286 | €179 | -€7,107 | -97.5% |
| Current assets | 29/58 | €7,286 | €179 | -€7,107 | -97.5% |
| Amounts receivable within one year | 40/41 | €584 | €0 | -€584 | -100.0% |
| Trade receivables | 40 | €584 | €0 | -€584 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,702 | €179 | -€6,523 | -97.3% |
| Total equity and liabilities | 10/49 | €7,286 | €179 | -€7,107 | -97.5% |
| Equity | 10/15 | €5,924 | -€2,040 | -€7,964 | |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Reserves | 13 | €2,224 | €0 | -€2,224 | -100.0% |
| Distributable reserves | 133 | €2,224 | €0 | -€2,224 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€5,740 | -€5,740 | |
| Amounts payable | 17/49 | €1,362 | €2,219 | +€857 | +62.9% |
| Amounts payable within one year | 42/48 | €1,362 | €2,219 | +€857 | +62.9% |
| Trade debts | 44 | €187 | €815 | +€628 | +336.3% |
| Suppliers | 440/4 | €187 | €815 | +€628 | +336.3% |
| Taxes, remuneration and social security | 45 | €772 | €9 | -€763 | -98.8% |
| Taxes | 450/3 | €772 | €9 | -€763 | -98.8% |
| Other amounts payable | 47/48 | €404 | €1,395 | +€992 | +245.8% |
| Gross operating margin | 9900 | €3,022 | -€7,883 | -€10,905 | |
| Operating profit (loss) | 9901 | €3,022 | -€7,883 | -€10,905 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €27 | €72 | +€45 | +170.1% |
| Recurring financial charges | 65 | €27 | €72 | +€45 | +170.1% |
| Profit (loss) for the period before taxes | 9903 | €2,996 | -€7,955 | -€10,950 | |
| Income taxes | 67/77 | €772 | €9 | -€763 | -98.8% |
| Profit (loss) for the period | 9904 | €2,224 | -€7,964 | -€10,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,224 | -€7,964 | -€10,188 |
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 10 October 2026 via checked.be.