MSMA-Consult: what changed
MSMA-Consult
Largest movements
- Receivables within one year -€8,525
down €8,525 (-60.6%), from €14,064 to €5,539
of which Trade receivables: -€10,143
- Cash -€8,178
down €8,178 (-31.5%), from €25,971 to €17,793
mainly Net result for the year (-€9,740) and Tax, wage and social debts (-€3,510)
- Tangible fixed assets +€1,866
up €1,866 (+888%), from €210 to €2,076
- Profit (loss) carried forward -€9,740
down €9,740 (-34.0%), from €28,607 to €18,867
- Tax, wage and social debts -€3,510
down €3,510 (-44.1%), from €7,957 to €4,447
- Trade debts -€1,457
down €1,457 (-54.3%), from €2,681 to €1,224
- Gross operating margin -€28,467
down €28,467, from €21,257 to -€7,210
- Taxes -€4,284
down €4,284 (-96.3%), from €4,447 to €163
- Financial charges -€473
down €473 (-31.1%), from €1,520 to €1,048
- Other operating charges +€425
up €425 (+72.0%), from €590 to €1,015
- Depreciation -€319
down €319 (-50.7%), from €628 to €310
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,245 | €25,588 | -€14,657 | -36.4% |
| Fixed assets | 21/28 | €210 | €2,076 | +€1,866 | +888% |
| Tangible fixed assets | 22/27 | €210 | €2,076 | +€1,866 | +888% |
| Plant, machinery and equipment | 23 | €210 | €2,076 | +€1,866 | +888% |
| Current assets | 29/58 | €40,034 | €23,512 | -€16,523 | -41.3% |
| Amounts receivable within one year | 40/41 | €14,064 | €5,539 | -€8,525 | -60.6% |
| Trade receivables | 40 | €10,143 | - | -€10,143 | |
| Other amounts receivable | 41 | €3,921 | €5,539 | +€1,618 | +41.3% |
| Cash at bank and in hand | 54/58 | €25,971 | €17,793 | -€8,178 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €40,245 | €25,588 | -€14,657 | -36.4% |
| Equity | 10/15 | €29,607 | €19,867 | -€9,740 | -32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,607 | €18,867 | -€9,740 | -34.0% |
| Amounts payable | 17/49 | €10,637 | €5,721 | -€4,916 | -46.2% |
| Amounts payable within one year | 42/48 | €10,637 | €5,721 | -€4,916 | -46.2% |
| Trade debts | 44 | €2,681 | €1,224 | -€1,457 | -54.3% |
| Suppliers | 440/4 | €2,681 | €1,224 | -€1,457 | -54.3% |
| Advances received on contracts in progress | 46 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €7,957 | €4,447 | -€3,510 | -44.1% |
| Taxes | 450/3 | €7,957 | €4,447 | -€3,510 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €310 | -€319 | -50.7% |
| Other operating charges | 640/8 | €590 | €1,015 | +€425 | +72.0% |
| Gross operating margin | 9900 | €21,257 | -€7,210 | -€28,467 | |
| Operating profit (loss) | 9901 | €20,038 | -€8,535 | -€28,573 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,661% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,661% |
| Financial charges | 65/66B | €1,520 | €1,048 | -€473 | -31.1% |
| Recurring financial charges | 65 | €1,520 | €1,048 | -€473 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €18,518 | -€9,577 | -€28,095 | |
| Income taxes | 67/77 | €4,447 | €163 | -€4,284 | -96.3% |
| Profit (loss) for the period | 9904 | €14,071 | -€9,740 | -€23,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,071 | -€9,740 | -€23,811 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.