MSL POSE: 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.
MSL POSE
Largest movements
- Cash -€6,859
down €6,859 (-70.8%), from €9,690 to €2,831
mainly Net result for the year (-€16,328) and Receivables within one year (-€398)
- Receivables within one year +€398
up €398 (+12.2%), from €3,273 to €3,671
of which Other amounts receivable: +€260
- Profit (loss) carried forward -€16,328
down €16,328 (-209%), from -€7,818 to -€24,146
- Tax, wage and social debts +€9,500
new in 2025: €9,500
- Trade debts +€415
up €415 (+16.7%), from €2,483 to €2,898
- Gross operating margin -€13,452
down €13,452 (-1,080%), from -€1,245 to -€14,697
- Financial charges -€394
down €394 (-73.8%), from €535 to €140
- Staff costs -€342
down €342 (-51.7%), from €662 to €320
- Other operating charges -€259
down €259 (-20.1%), from €1,290 to €1,031
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 | €13,006 | €6,545 | -€6,461 | -49.7% |
| Fixed assets | 21/28 | €43 | €43 | = | 0.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €12,963 | €6,502 | -€6,461 | -49.8% |
| Amounts receivable within one year | 40/41 | €3,273 | €3,671 | +€398 | +12.2% |
| Trade receivables | 40 | €462 | €600 | +€138 | +29.9% |
| Other amounts receivable | 41 | €2,811 | €3,071 | +€260 | +9.2% |
| Cash at bank and in hand | 54/58 | €9,690 | €2,831 | -€6,859 | -70.8% |
| Total equity and liabilities | 10/49 | €13,006 | €6,545 | -€6,461 | -49.7% |
| Equity | 10/15 | €4,542 | -€11,786 | -€16,328 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,160 | €6,160 | = | 0.0% |
| Distributable reserves | 133 | €6,160 | €6,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,818 | -€24,146 | -€16,328 | -209% |
| Amounts payable | 17/49 | €8,464 | €18,331 | +€9,868 | +117% |
| Amounts payable within one year | 42/48 | €8,464 | €18,331 | +€9,868 | +117% |
| Trade debts | 44 | €2,483 | €2,898 | +€415 | +16.7% |
| Suppliers | 440/4 | €2,483 | €2,898 | +€415 | +16.7% |
| Taxes, remuneration and social security | 45 | - | €9,500 | +€9,500 | |
| Remuneration and social security | 454/9 | - | €9,500 | +€9,500 | |
| Other amounts payable | 47/48 | €5,981 | €5,933 | -€48 | -0.8% |
| Remuneration, social security and pensions | 62 | €662 | €320 | -€342 | -51.7% |
| Other operating charges | 640/8 | €1,290 | €1,031 | -€259 | -20.1% |
| Gross operating margin | 9900 | -€1,245 | -€14,697 | -€13,452 | -1,080% |
| Operating profit (loss) | 9901 | -€3,198 | -€16,048 | -€12,851 | -402% |
| Financial charges | 65/66B | €535 | €140 | -€394 | -73.8% |
| Recurring financial charges | 65 | €535 | €140 | -€394 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,732 | -€16,188 | -€12,456 | -334% |
| Income taxes | 67/77 | €149 | €140 | -€9 | -6.2% |
| Profit (loss) for the period | 9904 | -€3,882 | -€16,328 | -€12,447 | -321% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,882 | -€16,328 | -€12,447 | -321% |
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 17 October 2026 via checked.be.