MSBL Consulting: 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.
MSBL Consulting
Largest movements
- Tangible fixed assets -€1,820
down €1,820 (-26.1%), from €6,986 to €5,165
of which Plant, machinery and equipment: -€1,522
- Cash -€1,801
down €1,801 (-59.2%), from €3,042 to €1,241
mainly Net result for the year (-€15,324) and Receivables within one year (-€1,466)
- Receivables within one year +€1,466
up €1,466 (+5.0%), from €29,238 to €30,703
of which Other amounts receivable: +€982
- Profit (loss) carried forward -€15,324
down €15,324 (-16.8%), from -€91,264 to -€106,589
- Tax, wage and social debts +€8,198
up €8,198 (+59.1%), from €13,881 to €22,079
of which Remuneration and social security: +€8,000
- Other debts +€4,500
up €4,500 (+5.2%), from €86,234 to €90,734
- Trade debts +€471
up €471 (+4.6%), from €10,295 to €10,765
- Gross operating margin +€11,279
up €11,279 (+44.1%), from -€25,572 to -€14,293
- Other operating charges -€1,207
down €1,207 (-100%), from €1,207 to €0
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 | €39,605 | €37,449 | -€2,156 | -5.4% |
| Fixed assets | 21/28 | €7,326 | €5,505 | -€1,820 | -24.9% |
| Tangible fixed assets | 22/27 | €6,986 | €5,165 | -€1,820 | -26.1% |
| Land and buildings | 22 | €897 | €598 | -€299 | -33.3% |
| Plant, machinery and equipment | 23 | €6,089 | €4,567 | -€1,522 | -25.0% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €32,280 | €31,944 | -€335 | -1.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €29,238 | €30,703 | +€1,466 | +5.0% |
| Trade receivables | 40 | €11,616 | €12,100 | +€484 | +4.2% |
| Other amounts receivable | 41 | €17,622 | €18,603 | +€982 | +5.6% |
| Cash at bank and in hand | 54/58 | €3,042 | €1,241 | -€1,801 | -59.2% |
| Total equity and liabilities | 10/49 | €39,605 | €37,449 | -€2,156 | -5.4% |
| Equity | 10/15 | -€70,804 | -€86,129 | -€15,324 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,264 | -€106,589 | -€15,324 | -16.8% |
| Amounts payable | 17/49 | €110,409 | €123,578 | +€13,169 | +11.9% |
| Amounts payable within one year | 42/48 | €110,409 | €123,578 | +€13,169 | +11.9% |
| Trade debts | 44 | €10,295 | €10,765 | +€471 | +4.6% |
| Suppliers | 440/4 | €10,295 | €10,765 | +€471 | +4.6% |
| Taxes, remuneration and social security | 45 | €13,881 | €22,079 | +€8,198 | +59.1% |
| Taxes | 450/3 | €1,481 | €1,679 | +€198 | +13.4% |
| Remuneration and social security | 454/9 | €12,400 | €20,400 | +€8,000 | +64.5% |
| Other amounts payable | 47/48 | €86,234 | €90,734 | +€4,500 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,818 | €1,820 | +€3 | +0.2% |
| Other operating charges | 640/8 | €1,207 | €0 | -€1,207 | -100% |
| Gross operating margin | 9900 | -€25,572 | -€14,293 | +€11,279 | +44.1% |
| Operating profit (loss) | 9901 | -€28,597 | -€16,114 | +€12,483 | +43.7% |
| Financial income | 75/76B | €1,037 | €982 | -€55 | -5.3% |
| Recurring financial income | 75 | €1,037 | €982 | -€55 | -5.3% |
| Financial charges | 65/66B | €180 | €192 | +€13 | +7.0% |
| Recurring financial charges | 65 | €180 | €192 | +€13 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,740 | -€15,324 | +€12,416 | +44.8% |
| Profit (loss) for the period | 9904 | -€27,740 | -€15,324 | +€12,416 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,740 | -€15,324 | +€12,416 | +44.8% |
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 22 October 2026 via checked.be.