MSL19: 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.
MSL19
Largest movements
- Receivables after one year -€3,820
no longer reported in 2024 (was €3,820)
- Intangible fixed assets -€3,805
down €3,805 (-67.7%), from €5,622 to €1,816
- Receivables within one year +€770
up €770 (+38.5%), from €2,002 to €2,772
of which Other amounts receivable: +€2,533
- Formation expenses -€458
no longer reported in 2024 (was €458)
- Cash +€364
up €364 (+174%), from €210 to €574
mainly Depreciation (+€4,263) and Receivables after one year (+€3,820)
- Other debts -€4,423
down €4,423 (-78.7%), from €5,623 to €1,200
- Profit (loss) carried forward -€4,159
down €4,159 (-32.2%), from -€12,927 to -€17,085
- Trade debts +€1,519
up €1,519 (+124%), from €1,225 to €2,744
- Other operating charges -€1,648
down €1,648 (-24.0%), from €6,855 to €5,208
- Gross operating margin +€1,383
up €1,383 (+34.0%), from €4,065 to €5,447
- Financial charges -€1,109
down €1,109 (-89.2%), from €1,244 to €135
- Depreciation -€160
down €160 (-3.6%), from €4,423 to €4,263
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 | €12,111 | €5,162 | -€6,949 | -57.4% |
| Formation expenses | 20 | €458 | - | -€458 | |
| Fixed assets | 21/28 | €5,622 | €1,816 | -€3,805 | -67.7% |
| Intangible fixed assets | 21 | €5,622 | €1,816 | -€3,805 | -67.7% |
| Current assets | 29/58 | €6,031 | €3,346 | -€2,685 | -44.5% |
| Amounts receivable after more than one year | 29 | €3,820 | - | -€3,820 | |
| Trade receivables | 290 | €3,820 | - | -€3,820 | |
| Amounts receivable within one year | 40/41 | €2,002 | €2,772 | +€770 | +38.5% |
| Trade receivables | 40 | €2,002 | €239 | -€1,763 | -88.1% |
| Other amounts receivable | 41 | - | €2,533 | +€2,533 | |
| Cash at bank and in hand | 54/58 | €210 | €574 | +€364 | +174% |
| Total equity and liabilities | 10/49 | €12,111 | €5,162 | -€6,949 | -57.4% |
| Equity | 10/15 | €5,073 | €915 | -€4,159 | -82.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,927 | -€17,085 | -€4,159 | -32.2% |
| Amounts payable | 17/49 | €7,037 | €4,247 | -€2,790 | -39.6% |
| Amounts payable within one year | 42/48 | €7,037 | €4,247 | -€2,790 | -39.6% |
| Trade debts | 44 | €1,225 | €2,744 | +€1,519 | +124% |
| Suppliers | 440/4 | €1,225 | €2,744 | +€1,519 | +124% |
| Taxes, remuneration and social security | 45 | €189 | €303 | +€114 | +60.7% |
| Taxes | 450/3 | €189 | €303 | +€114 | +60.7% |
| Other amounts payable | 47/48 | €5,623 | €1,200 | -€4,423 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,423 | €4,263 | -€160 | -3.6% |
| Other operating charges | 640/8 | €6,855 | €5,208 | -€1,648 | -24.0% |
| Gross operating margin | 9900 | €4,065 | €5,447 | +€1,383 | +34.0% |
| Operating profit (loss) | 9901 | -€7,214 | -€4,024 | +€3,190 | +44.2% |
| Financial charges | 65/66B | €1,244 | €135 | -€1,109 | -89.2% |
| Recurring financial charges | 65 | €1,244 | €135 | -€1,109 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,458 | -€4,159 | +€4,299 | +50.8% |
| Profit (loss) for the period | 9904 | -€8,458 | -€4,159 | +€4,299 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,458 | -€4,159 | +€4,299 | +50.8% |
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 27 October 2026 via checked.be.