MSM SOLUTIONS: 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.
MSM SOLUTIONS
Largest movements
- Cash +€49,164
up €49,164 (+26.2%), from €187,632 to €236,796
mainly Other debts (+€160,000) and Net result for the year (+€96,547)
- Tangible fixed assets +€18,652
up €18,652 (+288%), from €6,472 to €25,124
- Receivables within one year -€16,928
down €16,928 (-42.6%), from €39,727 to €22,799
of which Trade receivables: -€17,984
- Other debts +€160,000
up €160,000 (+640%), from €25,000 to €185,000
- Profit (loss) carried forward -€128,453
down €128,453 (-80.3%), from €160,039 to €31,585
- Tax, wage and social debts +€35,800
up €35,800 (+131%), from €27,253 to €63,053
of which Taxes: +€37,858
- Trade debts -€16,069
down €16,069 (-82.2%), from €19,540 to €3,471
- Depreciation +€6,281
up €6,281 (+97.0%), from €6,472 to €12,753
- Purchases and services -€4,479
down €4,479 (-22.1%), from €20,258 to €15,779
- Turnover -€3,939
down €3,939 (-2.6%), from €153,999 to €150,060
- Other operating charges +€3,674
up €3,674 (+1,894%), from €194 to €3,868
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 | €233,832 | €285,109 | +€51,278 | +21.9% |
| Fixed assets | 21/28 | €6,472 | €25,124 | +€18,652 | +288% |
| Tangible fixed assets | 22/27 | €6,472 | €25,124 | +€18,652 | +288% |
| Furniture and vehicles | 24 | €6,472 | €25,124 | +€18,652 | +288% |
| Current assets | 29/58 | €227,359 | €259,985 | +€32,626 | +14.3% |
| Amounts receivable within one year | 40/41 | €39,727 | €22,799 | -€16,928 | -42.6% |
| Trade receivables | 40 | €35,059 | €17,075 | -€17,984 | -51.3% |
| Other amounts receivable | 41 | €4,668 | €5,724 | +€1,057 | +22.6% |
| Cash at bank and in hand | 54/58 | €187,632 | €236,796 | +€49,164 | +26.2% |
| Deferred charges and accrued income | 490/1 | - | €389 | +€389 | |
| Total equity and liabilities | 10/49 | €233,832 | €285,109 | +€51,278 | +21.9% |
| Equity | 10/15 | €162,039 | €33,585 | -€128,453 | -79.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,039 | €31,585 | -€128,453 | -80.3% |
| Amounts payable | 17/49 | €71,793 | €251,524 | +€179,731 | +250% |
| Amounts payable within one year | 42/48 | €71,793 | €251,524 | +€179,731 | +250% |
| Trade debts | 44 | €19,540 | €3,471 | -€16,069 | -82.2% |
| Suppliers | 440/4 | €19,540 | €3,471 | -€16,069 | -82.2% |
| Taxes, remuneration and social security | 45 | €27,253 | €63,053 | +€35,800 | +131% |
| Taxes | 450/3 | €25,195 | €63,053 | +€37,858 | +150% |
| Remuneration and social security | 454/9 | €2,058 | - | -€2,058 | |
| Other amounts payable | 47/48 | €25,000 | €185,000 | +€160,000 | +640% |
| Turnover | 70 | €153,999 | €150,060 | -€3,939 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,258 | €15,779 | -€4,479 | -22.1% |
| Remuneration, social security and pensions | 62 | €320 | €1,850 | +€1,530 | +478% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,472 | €12,753 | +€6,281 | +97.0% |
| Other operating charges | 640/8 | €194 | €3,868 | +€3,674 | +1,894% |
| Gross operating margin | 9900 | €133,741 | €134,280 | +€540 | +0.4% |
| Operating profit (loss) | 9901 | €126,754 | €115,809 | -€10,945 | -8.6% |
| Financial charges | 65/66B | €79 | €57 | -€22 | -28.2% |
| Recurring financial charges | 65 | €79 | €57 | -€22 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €126,675 | €115,752 | -€10,923 | -8.6% |
| Income taxes | 67/77 | €20,335 | €19,205 | -€1,130 | -5.6% |
| Profit (loss) for the period | 9904 | €106,340 | €96,547 | -€9,793 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,340 | €96,547 | -€9,793 | -9.2% |
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 27 October 2026 via checked.be.