MSCS: 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.
MSCS
Largest movements
- Tangible fixed assets -€11,138
down €11,138 (-40.2%), from €27,691 to €16,552
- Current assets -€387
down €387 (-67.8%), from €571 to €184
of which Receivables within one year: -€553
- Equity -€9,657
down €9,657 (-4.7%), from -€203,349 to -€213,006
of which Contributions: -€18,550
- Debts after one year -€1,477
down €1,477 (-0.6%), from €231,220 to €229,742
- Debts within one year -€392
no longer reported in 2020 (was €392)
- Depreciation -€435
down €435 (-3.8%), from €11,573 to €11,138
- Gross operating margin -€142
down €142 (-4.2%), from €3,402 to €3,260
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,262 | €16,736 | -€11,526 | -40.8% |
| Fixed assets | 21/28 | €27,691 | €16,552 | -€11,138 | -40.2% |
| Tangible fixed assets | 22/27 | €27,691 | €16,552 | -€11,138 | -40.2% |
| Current assets | 29/58 | €571 | €184 | -€387 | -67.8% |
| Amounts receivable within one year | 40/41 | €553 | - | -€553 | |
| Cash at bank and in hand | 54/58 | €18 | - | -€18 | |
| Total equity and liabilities | 10/49 | €28,262 | €16,736 | -€11,526 | -40.8% |
| Equity | 10/15 | -€203,349 | -€213,006 | -€9,657 | -4.7% |
| Contributions | 10/11 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,754 | -€233,411 | -€9,657 | -4.3% |
| Amounts payable | 17/49 | €231,611 | €229,742 | -€1,869 | -0.8% |
| Amounts payable after more than one year | 17 | €231,220 | €229,742 | -€1,477 | -0.6% |
| Amounts payable within one year | 42/48 | €392 | - | -€392 | |
| Trade debts | 44 | €333 | - | -€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,573 | €11,138 | -€435 | -3.8% |
| Gross operating margin | 9900 | €3,402 | €3,260 | -€142 | -4.2% |
| Operating profit (loss) | 9901 | -€8,238 | -€9,472 | -€1,234 | -15.0% |
| Recurring financial charges | 65 | €119 | €184 | +€65 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,357 | -€9,657 | -€1,300 | -15.6% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€8,361 | -€9,657 | -€1,296 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,361 | -€9,657 | -€1,296 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.