mSENSE: 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.
mSENSE
Largest movements
- Receivables after one year -€185,000
down €185,000 (-100.0%), from €185,000 to €0
- Cash +€35,056
up €35,056 (+155.2%), from €22,581 to €57,637
mainly Receivables after one year (+€185,000) and Net result for the year (+€16,462)
- Tangible fixed assets -€8,949
down €8,949 (-19.1%), from €46,912 to €37,964
of which Land and buildings: -€4,986
- Current investments +€7,849
up €7,849 (+26.9%), from €29,169 to €37,017
- Receivables within one year +€3,630
up €3,630 (+28.7%), from €12,631 to €16,261
of which Other amounts receivable: +€2,156
- Other debts -€88,351
down €88,351 (-99.9%), from €88,454 to €103
- Reserves -€56,600
down €56,600 (-35.7%), from €158,435 to €101,835
of which Distributable reserves: -€56,600
- Gross operating margin +€23,599
up €23,599 (+236.1%), from €9,995 to €33,594
- Taxes +€5,890
up €5,890 (+509.3%), from €1,156 to €7,046
- Financial income -€4,867
down €4,867 (-100.0%), from €4,867 to €0
- Depreciation -€3,199
down €3,199 (-26.3%), from €12,148 to €8,949
- Financial charges +€2,477
up €2,477, from -€2,343 to €134
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.
Cash bridge derived
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 | €299,119 | €151,357 | -€147,762 | -49.4% |
| Fixed assets | 21/28 | €46,912 | €37,964 | -€8,949 | -19.1% |
| Tangible fixed assets | 22/27 | €46,912 | €37,964 | -€8,949 | -19.1% |
| Land and buildings | 22 | €41,398 | €36,412 | -€4,986 | -12.0% |
| Plant, machinery and equipment | 23 | €2,179 | €1,084 | -€1,095 | -50.2% |
| Furniture and vehicles | 24 | €3,335 | €468 | -€2,868 | -86.0% |
| Current assets | 29/58 | €252,206 | €113,393 | -€138,813 | -55.0% |
| Amounts receivable after more than one year | 29 | €185,000 | €0 | -€185,000 | -100.0% |
| Other amounts receivable | 291 | €185,000 | €0 | -€185,000 | -100.0% |
| Stocks and contracts in progress | 3 | €1,050 | €1,092 | +€42 | +4.0% |
| Stocks | 30/36 | €1,050 | €1,092 | +€42 | +4.0% |
| Amounts receivable within one year | 40/41 | €12,631 | €16,261 | +€3,630 | +28.7% |
| Trade receivables | 40 | €11,788 | €13,261 | +€1,474 | +12.5% |
| Other amounts receivable | 41 | €844 | €3,000 | +€2,156 | +255.6% |
| Current investments | 50/53 | €29,169 | €37,017 | +€7,849 | +26.9% |
| Cash at bank and in hand | 54/58 | €22,581 | €57,637 | +€35,056 | +155.2% |
| Deferred charges and accrued income | 490/1 | €1,776 | €1,386 | -€390 | -22.0% |
| Total equity and liabilities | 10/49 | €299,119 | €151,357 | -€147,762 | -49.4% |
| Equity | 10/15 | €195,563 | €139,025 | -€56,538 | -28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,435 | €101,835 | -€56,600 | -35.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,725 | €9,725 | = | 0.0% |
| Distributable reserves | 133 | €146,850 | €90,250 | -€56,600 | -38.5% |
| Profit (loss) carried forward | 14 | €30,928 | €30,990 | +€62 | +0.2% |
| Amounts payable | 17/49 | €103,555 | €12,332 | -€91,224 | -88.1% |
| Amounts payable within one year | 42/48 | €102,064 | €11,732 | -€90,332 | -88.5% |
| Trade debts | 44 | €3,200 | €1,363 | -€1,837 | -57.4% |
| Suppliers | 440/4 | €3,200 | €1,363 | -€1,837 | -57.4% |
| Taxes, remuneration and social security | 45 | €10,410 | €10,265 | -€144 | -1.4% |
| Taxes | 450/3 | €10,410 | €10,265 | -€144 | -1.4% |
| Other amounts payable | 47/48 | €88,454 | €103 | -€88,351 | -99.9% |
| Accrued charges and deferred income | 492/3 | €1,492 | €600 | -€892 | -59.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,148 | €8,949 | -€3,199 | -26.3% |
| Other operating charges | 640/8 | €752 | €1,004 | +€252 | +33.5% |
| Gross operating margin | 9900 | €9,995 | €33,594 | +€23,599 | +236.1% |
| Operating profit (loss) | 9901 | -€2,905 | €23,642 | +€26,547 | |
| Financial income | 75/76B | €4,867 | €0 | -€4,867 | -100.0% |
| Recurring financial income | 75 | €4,867 | €0 | -€4,867 | -100.0% |
| Financial charges | 65/66B | -€2,343 | €134 | +€2,477 | |
| Recurring financial charges | 65 | -€2,343 | €134 | +€2,477 | |
| Profit (loss) for the period before taxes | 9903 | €4,305 | €23,508 | +€19,203 | +446.1% |
| Income taxes | 67/77 | €1,156 | €7,046 | +€5,890 | +509.3% |
| Profit (loss) for the period | 9904 | €3,148 | €16,462 | +€13,314 | +422.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,148 | €16,462 | +€13,314 | +422.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.