MSL Group: 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.
MSL Group
Largest movements
- Cash +€36,087
up €36,087 (+2673.1%), from €1,350 to €37,437
mainly Tax, wage and social debts (+€28,094) and Receivables within one year (+€15,635)
- Receivables within one year -€15,635
down €15,635 (-50.0%), from €31,257 to €15,622
of which Trade receivables: -€15,854
- Tax, wage and social debts +€28,094
up €28,094 (+620.5%), from €4,527 to €32,621
- Trade debts -€8,500
no longer reported in 2024 (was €8,500)
- Profit (loss) carried forward +€936
up €936 (+8.1%), from €11,582 to €12,518
- Gross operating margin -€16,940
down €16,940 (-93.5%), from €18,109 to €1,170
- Taxes -€4,293
down €4,293 (-94.8%), from €4,527 to €234
- Other operating charges -€2,000
no longer reported in 2024 (was €2,000)
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.
Cash bridge derived
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 | €32,607 | €53,059 | +€20,452 | +62.7% |
| Current assets | 29/58 | €32,607 | €53,059 | +€20,452 | +62.7% |
| Amounts receivable within one year | 40/41 | €31,257 | €15,622 | -€15,635 | -50.0% |
| Trade receivables | 40 | €31,257 | €15,402 | -€15,854 | -50.7% |
| Other amounts receivable | 41 | - | €220 | +€220 | |
| Cash at bank and in hand | 54/58 | €1,350 | €37,437 | +€36,087 | +2673.1% |
| Total equity and liabilities | 10/49 | €32,607 | €53,059 | +€20,452 | +62.7% |
| Equity | 10/15 | €11,582 | €12,518 | +€936 | +8.1% |
| Profit (loss) carried forward | 14 | €11,582 | €12,518 | +€936 | +8.1% |
| Amounts payable | 17/49 | €21,025 | €40,541 | +€19,516 | +92.8% |
| Amounts payable within one year | 42/48 | €21,025 | €40,541 | +€19,516 | +92.8% |
| Trade debts | 44 | €8,500 | - | -€8,500 | |
| Suppliers | 440/4 | €8,500 | - | -€8,500 | |
| Taxes, remuneration and social security | 45 | €4,527 | €32,621 | +€28,094 | +620.5% |
| Taxes | 450/3 | €4,527 | €32,621 | +€28,094 | +620.5% |
| Other amounts payable | 47/48 | €7,997 | €7,919 | -€78 | -1.0% |
| Other operating charges | 640/8 | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €18,109 | €1,170 | -€16,940 | -93.5% |
| Operating profit (loss) | 9901 | €16,109 | €1,170 | -€14,940 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €16,109 | €1,170 | -€14,940 | -92.7% |
| Income taxes | 67/77 | €4,527 | €234 | -€4,293 | -94.8% |
| Profit (loss) for the period | 9904 | €11,582 | €936 | -€10,646 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,582 | €936 | -€10,646 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.