MSILATRANS: 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.
MSILATRANS
Largest movements
- Stocks and contracts +€19,313
new in 2025: €19,313
- Receivables within one year +€1,692
new in 2025: €1,692
of which Other amounts receivable: +€1,512
- Cash +€1,532
up €1,532 (+121%), from €1,265 to €2,797
mainly Other debts (+€11,200) and Net result for the year (+€7,021)
- Deferred charges and accrued income +€444
new in 2025: €444
- Tangible fixed assets -€433
down €433 (-34.1%), from €1,270 to €837
- Other debts +€11,200
up €11,200 (+541%), from €2,070 to €13,270
- Profit (loss) carried forward +€7,021
up €7,021 (+94.6%), from -€7,421 to -€400
- Trade debts +€2,634
up €2,634 (+11,575%), from €23 to €2,657
- Tax, wage and social debts +€1,693
up €1,693 (+196%), from €863 to €2,556
- Gross operating margin +€8,897
up €8,897 (+617%), from €1,442 to €10,339
- Taxes +€2,556
new in 2025: €2,556
- Depreciation +€404
up €404 (+1,395%), from €29 to €433
- Other operating charges -€247
down €247 (-56.3%), from €438 to €191
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 | €2,535 | €25,083 | +€22,548 | +890% |
| Fixed assets | 21/28 | €1,270 | €837 | -€433 | -34.1% |
| Tangible fixed assets | 22/27 | €1,270 | €837 | -€433 | -34.1% |
| Plant, machinery and equipment | 23 | €1,270 | €837 | -€433 | -34.1% |
| Current assets | 29/58 | €1,265 | €24,246 | +€22,981 | +1,817% |
| Stocks and contracts in progress | 3 | - | €19,313 | +€19,313 | |
| Stocks | 30/36 | - | €19,313 | +€19,313 | |
| Amounts receivable within one year | 40/41 | - | €1,692 | +€1,692 | |
| Trade receivables | 40 | - | €180 | +€180 | |
| Other amounts receivable | 41 | - | €1,512 | +€1,512 | |
| Cash at bank and in hand | 54/58 | €1,265 | €2,797 | +€1,532 | +121% |
| Deferred charges and accrued income | 490/1 | - | €444 | +€444 | |
| Total equity and liabilities | 10/49 | €2,535 | €25,083 | +€22,548 | +890% |
| Equity | 10/15 | -€421 | €6,600 | +€7,021 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,421 | -€400 | +€7,021 | +94.6% |
| Amounts payable | 17/49 | €2,956 | €18,483 | +€15,527 | +525% |
| Amounts payable within one year | 42/48 | €2,956 | €18,483 | +€15,527 | +525% |
| Trade debts | 44 | €23 | €2,657 | +€2,634 | +11,575% |
| Suppliers | 440/4 | €23 | €2,657 | +€2,634 | +11,575% |
| Taxes, remuneration and social security | 45 | €863 | €2,556 | +€1,693 | +196% |
| Taxes | 450/3 | €863 | €2,556 | +€1,693 | +196% |
| Other amounts payable | 47/48 | €2,070 | €13,270 | +€11,200 | +541% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €433 | +€404 | +1,395% |
| Other operating charges | 640/8 | €438 | €191 | -€247 | -56.3% |
| Gross operating margin | 9900 | €1,442 | €10,339 | +€8,897 | +617% |
| Operating profit (loss) | 9901 | €975 | €9,715 | +€8,740 | +896% |
| Financial charges | 65/66B | €168 | €138 | -€30 | -17.7% |
| Recurring financial charges | 65 | €168 | €138 | -€30 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €808 | €9,577 | +€8,769 | +1,086% |
| Income taxes | 67/77 | - | €2,556 | +€2,556 | |
| Profit (loss) for the period | 9904 | €808 | €7,021 | +€6,213 | +769% |
| Profit (loss) for the period to be appropriated | 9905 | €808 | €7,021 | +€6,213 | +769% |
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 16 October 2026 via checked.be.