MSA Solutions: 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.
MSA Solutions
Largest movements
- Receivables within one year +€84,865
up €84,865 (+1250.3%), from €6,788 to €91,652
of which Trade receivables: +€66,454
- Tangible fixed assets +€55,758
new in 2024: €55,758
- Cash +€40,545
up €40,545 (+397.0%), from €10,212 to €50,757
mainly Net result for the year (+€121,089) and Tax, wage and social debts (+€43,155)
- Deferred charges and accrued income +€4,814
new in 2024: €4,814
- Financial fixed assets +€4,800
new in 2024: €4,800
- Profit (loss) carried forward +€121,089
up €121,089 (+4176.0%), from €2,900 to €123,989
- Tax, wage and social debts +€43,155
new in 2024: €43,155
- Trade debts +€31,056
new in 2024: €31,056
- Turnover +€675,216
new in 2024: €675,216
- Purchases and services +€434,915
up €434,915 (+718.0%), from €60,577 to €495,492
- Gross operating margin +€131,958
up €131,958 (+276.3%), from €47,765 to €179,723
- Taxes +€43,155
new in 2024: €43,155
- Depreciation +€12,191
up €12,191 (+5541.3%), from €220 to €12,411
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 | €17,000 | €212,300 | +€195,300 | +1148.8% |
| Fixed assets | 21/28 | - | €60,558 | +€60,558 | |
| Tangible fixed assets | 22/27 | - | €55,758 | +€55,758 | |
| Furniture and vehicles | 24 | - | €55,758 | +€55,758 | |
| Financial fixed assets | 28 | - | €4,800 | +€4,800 | |
| Current assets | 29/58 | €17,000 | €151,741 | +€134,742 | +792.6% |
| Stocks and contracts in progress | 3 | - | €4,518 | +€4,518 | |
| Stocks | 30/36 | - | €4,518 | +€4,518 | |
| Amounts receivable within one year | 40/41 | €6,788 | €91,652 | +€84,865 | +1250.3% |
| Trade receivables | 40 | - | €66,454 | +€66,454 | |
| Other amounts receivable | 41 | €6,788 | €25,198 | +€18,411 | +271.2% |
| Cash at bank and in hand | 54/58 | €10,212 | €50,757 | +€40,545 | +397.0% |
| Deferred charges and accrued income | 490/1 | - | €4,814 | +€4,814 | |
| Total equity and liabilities | 10/49 | €17,000 | €212,300 | +€195,300 | +1148.8% |
| Equity | 10/15 | €17,000 | €138,089 | +€121,089 | +712.3% |
| Contributions | 10/11 | €14,100 | €14,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,900 | €123,989 | +€121,089 | +4176.0% |
| Amounts payable | 17/49 | - | €74,211 | +€74,211 | |
| Amounts payable within one year | 42/48 | - | €74,211 | +€74,211 | |
| Trade debts | 44 | - | €31,056 | +€31,056 | |
| Suppliers | 440/4 | - | €31,056 | +€31,056 | |
| Taxes, remuneration and social security | 45 | - | €43,155 | +€43,155 | |
| Taxes | 450/3 | - | €43,155 | +€43,155 | |
| Turnover | 70 | - | €675,216 | +€675,216 | |
| Goods, raw materials, services and sundry goods | 60/61 | €60,577 | €495,492 | +€434,915 | +718.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €12,411 | +€12,191 | +5541.3% |
| Other operating charges | 640/8 | €1,071 | €2,814 | +€1,743 | +162.8% |
| Gross operating margin | 9900 | €47,765 | €179,723 | +€131,958 | +276.3% |
| Operating profit (loss) | 9901 | €46,474 | €164,498 | +€118,024 | +254.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €230 | €254 | +€24 | +10.3% |
| Recurring financial charges | 65 | €230 | €254 | +€24 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €46,244 | €164,244 | +€118,000 | +255.2% |
| Income taxes | 67/77 | - | €43,155 | +€43,155 | |
| Profit (loss) for the period | 9904 | €46,244 | €121,089 | +€74,845 | +161.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,244 | €121,089 | +€74,845 | +161.8% |
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 3 October 2026 via checked.be.