MSG PRO: 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.
MSG PRO
Largest movements
- Receivables within one year -€26,459
down €26,459 (-90.8%), from €29,128 to €2,669
of which Trade receivables: -€19,028
- Stocks and contracts +€15,000
up €15,000 (+59.3%), from €25,300 to €40,300
- Tangible fixed assets -€1,674
no longer reported in 2024 (was €1,674)
- Other debts +€23,094
up €23,094 (+162%), from €14,250 to €37,344
- Trade debts -€20,282
no longer reported in 2024 (was €20,282)
- Profit (loss) carried forward -€16,490
down €16,490 (-84.1%), from €19,617 to €3,126
- Gross operating margin -€9,608
down €9,608, from €2,839 to -€6,769
- Taxes +€5,234
new in 2024: €5,234
- Other operating charges +€1,949
up €1,949 (+383%), from €509 to €2,458
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.
Derived cash bridge
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 | €56,648 | €42,971 | -€13,678 | -24.1% |
| Fixed assets | 21/28 | €1,674 | - | -€1,674 | |
| Tangible fixed assets | 22/27 | €1,674 | - | -€1,674 | |
| Furniture and vehicles | 24 | €1,674 | - | -€1,674 | |
| Current assets | 29/58 | €54,974 | €42,971 | -€12,003 | -21.8% |
| Stocks and contracts in progress | 3 | €25,300 | €40,300 | +€15,000 | +59.3% |
| Stocks | 30/36 | €25,300 | €40,300 | +€15,000 | +59.3% |
| Amounts receivable within one year | 40/41 | €29,128 | €2,669 | -€26,459 | -90.8% |
| Trade receivables | 40 | €21,661 | €2,633 | -€19,028 | -87.8% |
| Other amounts receivable | 41 | €7,467 | €36 | -€7,431 | -99.5% |
| Cash at bank and in hand | 54/58 | €546 | €2 | -€544 | -99.6% |
| Total equity and liabilities | 10/49 | €56,648 | €42,971 | -€13,678 | -24.1% |
| Equity | 10/15 | €22,117 | €5,626 | -€16,490 | -74.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,617 | €3,126 | -€16,490 | -84.1% |
| Amounts payable | 17/49 | €34,532 | €37,344 | +€2,813 | +8.1% |
| Amounts payable within one year | 42/48 | €34,532 | €37,344 | +€2,813 | +8.1% |
| Trade debts | 44 | €20,282 | - | -€20,282 | |
| Suppliers | 440/4 | €20,282 | - | -€20,282 | |
| Other amounts payable | 47/48 | €14,250 | €37,344 | +€23,094 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €1,674 | +€0 | 0.0% |
| Other operating charges | 640/8 | €509 | €2,458 | +€1,949 | +383% |
| Gross operating margin | 9900 | €2,839 | -€6,769 | -€9,608 | |
| Operating profit (loss) | 9901 | €656 | -€10,901 | -€11,558 | |
| Financial charges | 65/66B | €298 | €355 | +€58 | +19.3% |
| Recurring financial charges | 65 | €298 | €355 | +€58 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €359 | -€11,257 | -€11,615 | |
| Income taxes | 67/77 | - | €5,234 | +€5,234 | |
| Profit (loss) for the period | 9904 | €359 | -€16,490 | -€16,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €359 | -€16,490 | -€16,849 |
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 23 October 2026 via checked.be.