MS-WORX: 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-WORX
Largest movements
- Receivables within one year +€5,232
up €5,232 (+14.7%), from €35,634 to €40,866
of which Trade receivables: +€4,576
- Cash -€4,922
no longer reported in 2025 (was €4,922)
mainly Other debts (-€5,614) and Receivables within one year (-€5,232)
- Other debts -€5,614
down €5,614 (-31.9%), from €17,604 to €11,991
- Short-term financial debts +€4,180
new in 2025: €4,180
- Debts after one year +€3,919
up €3,919 (+15.7%), from €25,000 to €28,919
- Tax, wage and social debts -€2,000
no longer reported in 2025 (was €2,000)
- Profit (loss) carried forward -€501
down €501 (-8.0%), from -€6,223 to -€6,724
- Gross operating margin +€6,014
up €6,014, from -€5,487 to €527
- Financial charges +€513
up €513 (+708%), from €72 to €585
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Staff costs +€166
up €166 (+60.0%), from €276 to €442
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.
Derived cash bridge
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 | €40,881 | €40,866 | -€15 | 0.0% |
| Fixed assets | 21/28 | €325 | - | -€325 | |
| Financial fixed assets | 28 | €325 | - | -€325 | |
| Current assets | 29/58 | €40,556 | €40,866 | +€310 | +0.8% |
| Amounts receivable within one year | 40/41 | €35,634 | €40,866 | +€5,232 | +14.7% |
| Trade receivables | 40 | €33,339 | €37,915 | +€4,576 | +13.7% |
| Other amounts receivable | 41 | €2,295 | €2,951 | +€656 | +28.6% |
| Cash at bank and in hand | 54/58 | €4,922 | - | -€4,922 | |
| Total equity and liabilities | 10/49 | €40,881 | €40,866 | -€15 | 0.0% |
| Equity | 10/15 | -€3,723 | -€4,224 | -€501 | -13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,223 | -€6,724 | -€501 | -8.0% |
| Amounts payable | 17/49 | €44,604 | €45,090 | +€485 | +1.1% |
| Amounts payable after more than one year | 17 | €25,000 | €28,919 | +€3,919 | +15.7% |
| Financial debts | 170/4 | €25,000 | €28,919 | +€3,919 | +15.7% |
| Amounts payable within one year | 42/48 | €19,604 | €16,171 | -€3,434 | -17.5% |
| Financial debts | 43 | - | €4,180 | +€4,180 | |
| Credit institutions | 430/8 | - | €4,180 | +€4,180 | |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €17,604 | €11,991 | -€5,614 | -31.9% |
| Remuneration, social security and pensions | 62 | €276 | €442 | +€166 | +60.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€5,487 | €527 | +€6,014 | |
| Operating profit (loss) | 9901 | -€6,151 | €85 | +€6,235 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €72 | €585 | +€513 | +708% |
| Recurring financial charges | 65 | €72 | €585 | +€513 | +708% |
| Profit (loss) for the period before taxes | 9903 | -€6,223 | -€501 | +€5,722 | +92.0% |
| Profit (loss) for the period | 9904 | -€6,223 | -€501 | +€5,722 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,223 | -€501 | +€5,722 | +92.0% |
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 13 October 2026 via checked.be.