MSB-Spirits: 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.
MSB-Spirits
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Contributions +€158,359
up €158,359 (+44.7%), from €354,000 to €512,359
- Debts after one year -€148,724
down €148,724 (-43.5%), from €342,069 to €193,345
- Other debts +€47,425
up €47,425 (+102.2%), from €46,387 to €93,812
- Profit (loss) carried forward -€35,895
down €35,895 (-5.3%), from -€672,334 to -€708,229
- Trade debts -€21,986
down €21,986 (-12.2%), from €180,385 to €158,399
- Gross operating margin +€20,642
up €20,642 (+41.7%), from -€49,555 to -€28,913
- Financial income -€1,715
down €1,715 (-99.8%), from €1,719 to €4
- Financial charges -€1,655
down €1,655 (-57.5%), from €2,880 to €1,225
- Other operating charges +€1,282
up €1,282 (+74.5%), from €1,721 to €3,002
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 | €250,506 | €249,685 | -€821 | -0.3% |
| Fixed assets | 21/28 | €7,675 | €4,915 | -€2,760 | -36.0% |
| Intangible fixed assets | 21 | €7,048 | €4,708 | -€2,340 | -33.2% |
| Tangible fixed assets | 22/27 | €422 | €2 | -€420 | -99.5% |
| Plant, machinery and equipment | 23 | €422 | €2 | -€420 | -99.5% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €242,832 | €244,770 | +€1,938 | +0.8% |
| Stocks and contracts in progress | 3 | €213,624 | €213,072 | -€552 | -0.3% |
| Stocks | 30/36 | €213,624 | €213,072 | -€552 | -0.3% |
| Amounts receivable within one year | 40/41 | €26,179 | €28,294 | +€2,115 | +8.1% |
| Trade receivables | 40 | €7,878 | €5,834 | -€2,044 | -25.9% |
| Other amounts receivable | 41 | €18,301 | €22,460 | +€4,159 | +22.7% |
| Cash at bank and in hand | 54/58 | €1,910 | €1,960 | +€50 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,444 | +€326 | +29.2% |
| Total equity and liabilities | 10/49 | €250,506 | €249,685 | -€821 | -0.3% |
| Equity | 10/15 | -€318,335 | -€195,871 | +€122,464 | +38.5% |
| Contributions | 10/11 | €354,000 | €512,359 | +€158,359 | +44.7% |
| Profit (loss) carried forward | 14 | -€672,334 | -€708,229 | -€35,895 | -5.3% |
| Amounts payable | 17/49 | €568,841 | €445,556 | -€123,285 | -21.7% |
| Amounts payable after more than one year | 17 | €342,069 | €193,345 | -€148,724 | -43.5% |
| Financial debts | 170/4 | €342,069 | €193,345 | -€148,724 | -43.5% |
| Amounts payable within one year | 42/48 | €226,772 | €252,211 | +€25,439 | +11.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €180,385 | €158,399 | -€21,986 | -12.2% |
| Suppliers | 440/4 | €180,385 | €158,399 | -€21,986 | -12.2% |
| Other amounts payable | 47/48 | €46,387 | €93,812 | +€47,425 | +102.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,855 | €2,760 | -€95 | -3.3% |
| Other operating charges | 640/8 | €1,721 | €3,002 | +€1,282 | +74.5% |
| Gross operating margin | 9900 | -€49,555 | -€28,913 | +€20,642 | +41.7% |
| Operating profit (loss) | 9901 | -€54,130 | -€34,675 | +€19,455 | +35.9% |
| Financial income | 75/76B | €1,719 | €4 | -€1,715 | -99.8% |
| Recurring financial income | 75 | €1,719 | €4 | -€1,715 | -99.8% |
| Financial charges | 65/66B | €2,880 | €1,225 | -€1,655 | -57.5% |
| Recurring financial charges | 65 | €2,880 | €1,225 | -€1,655 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,291 | -€35,895 | +€19,396 | +35.1% |
| Profit (loss) for the period | 9904 | -€55,291 | -€35,895 | +€19,396 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,291 | -€35,895 | +€19,396 | +35.1% |
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 11 October 2026 via checked.be.