MSMA HORECA: 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.
MSMA HORECA
Largest movements
- Receivables within one year -€8,814
down €8,814 (-41.2%), from €21,404 to €12,590
of which Trade receivables: -€8,182
- Trade debts -€8,347
down €8,347 (-48.0%), from €17,397 to €9,050
- Other debts +€3,426
up €3,426 (+3.8%), from €90,741 to €94,167
- Profit (loss) carried forward -€1,856
down €1,856 (-1.9%), from -€98,196 to -€100,051
- Short-term financial debts -€1,292
no longer reported in 2024 (was €1,292)
- Tax, wage and social debts -€497
down €497 (-14.0%), from €3,541 to €3,044
of which Remuneration and social security: -€987
- Gross operating margin +€8,997
up €8,997 (+86.0%), from -€10,464 to -€1,467
- Other operating charges -€6,340
down €6,340 (-95.7%), from €6,628 to €288
- Depreciation -€417
no longer reported in 2024 (was €417)
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 | €33,376 | €24,810 | -€8,566 | -25.7% |
| Fixed assets | 21/28 | €11,971 | €11,971 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €11,269 | €11,269 | -€0 | 0.0% |
| Land and buildings | 22 | €11,269 | €11,269 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €702 | €702 | = | 0.0% |
| Current assets | 29/58 | €21,404 | €12,839 | -€8,566 | -40.0% |
| Amounts receivable within one year | 40/41 | €21,404 | €12,590 | -€8,814 | -41.2% |
| Trade receivables | 40 | €17,260 | €9,078 | -€8,182 | -47.4% |
| Other amounts receivable | 41 | €4,145 | €3,512 | -€633 | -15.3% |
| Cash at bank and in hand | 54/58 | - | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €33,376 | €24,810 | -€8,566 | -25.7% |
| Equity | 10/15 | -€79,596 | -€81,451 | -€1,856 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,196 | -€100,051 | -€1,856 | -1.9% |
| Amounts payable | 17/49 | €112,971 | €106,261 | -€6,710 | -5.9% |
| Amounts payable within one year | 42/48 | €112,971 | €106,261 | -€6,710 | -5.9% |
| Financial debts | 43 | €1,292 | - | -€1,292 | |
| Credit institutions | 430/8 | €1,292 | - | -€1,292 | |
| Trade debts | 44 | €17,397 | €9,050 | -€8,347 | -48.0% |
| Suppliers | 440/4 | €17,397 | €9,050 | -€8,347 | -48.0% |
| Taxes, remuneration and social security | 45 | €3,541 | €3,044 | -€497 | -14.0% |
| Taxes | 450/3 | €2,554 | €3,044 | +€491 | +19.2% |
| Remuneration and social security | 454/9 | €987 | - | -€987 | |
| Other amounts payable | 47/48 | €90,741 | €94,167 | +€3,426 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | - | -€417 | |
| Other operating charges | 640/8 | €6,628 | €288 | -€6,340 | -95.7% |
| Non-recurring operating charges | 66A | €899 | - | -€899 | |
| Gross operating margin | 9900 | -€10,464 | -€1,467 | +€8,997 | +86.0% |
| Operating profit (loss) | 9901 | -€18,408 | -€1,756 | +€16,652 | +90.5% |
| Financial charges | 65/66B | €187 | €100 | -€87 | -46.5% |
| Recurring financial charges | 65 | €187 | €100 | -€87 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,595 | -€1,856 | +€16,739 | +90.0% |
| Profit (loss) for the period | 9904 | -€18,595 | -€1,856 | +€16,739 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,595 | -€1,856 | +€16,739 | +90.0% |
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 16 October 2026 via checked.be.