MSMBB: what changed
Two fiscal 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.
MSMBB
Largest movements
- Tangible fixed assets +€96,135
up €96,135 (+840.7%), from €11,435 to €107,569
of which Other tangible fixed assets: +€93,654
- Stocks and contracts +€45,300
up €45,300 (+127.8%), from €35,450 to €80,750
- Receivables within one year +€19,134
up €19,134 (+29.2%), from €65,562 to €84,696
of which Trade receivables: +€11,075
- Cash +€13,319
up €13,319 (+90.9%), from €14,656 to €27,976
mainly Debts after one year (+€76,695) and Other debts (+€47,000)
- Debts after one year +€76,695
new in 2024: €76,695
- Other debts +€47,000
up €47,000 (+162.1%), from €28,986 to €75,986
- Current portion of long-term debt +€18,729
new in 2024: €18,729
- Profit (loss) carried forward +€18,598
up €18,598 (+53.4%), from €34,843 to €53,440
- Tax, wage and social debts +€17,460
up €17,460 (+66.8%), from €26,139 to €43,600
of which Taxes: +€12,822
- Other operating charges +€4,630
up €4,630 (+244.8%), from €1,892 to €6,522
- Staff costs -€4,364
down €4,364 (-7.5%), from €58,505 to €54,140
- Depreciation +€1,940
up €1,940 (+27.6%), from €7,041 to €8,981
- Taxes +€1,270
up €1,270 (+21.3%), from €5,971 to €7,241
- Gross operating margin +€1,012
up €1,012 (+1.1%), from €95,666 to €96,679
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.
Cash bridge derived
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 | €135,967 | €308,640 | +€172,673 | +127.0% |
| Formation expenses | 20 | €536 | €321 | -€215 | -40.1% |
| Fixed assets | 21/28 | €19,763 | €114,898 | +€95,135 | +481.4% |
| Intangible fixed assets | 21 | €8,329 | €7,329 | -€1,000 | -12.0% |
| Tangible fixed assets | 22/27 | €11,435 | €107,569 | +€96,135 | +840.7% |
| Plant, machinery and equipment | 23 | €2,619 | €8,796 | +€6,178 | +235.9% |
| Furniture and vehicles | 24 | €5,867 | €2,170 | -€3,697 | -63.0% |
| Other tangible fixed assets | 26 | €2,949 | €96,603 | +€93,654 | +3175.9% |
| Current assets | 29/58 | €115,668 | €193,422 | +€77,753 | +67.2% |
| Stocks and contracts in progress | 3 | €35,450 | €80,750 | +€45,300 | +127.8% |
| Stocks | 30/36 | €35,450 | €80,750 | +€45,300 | +127.8% |
| Amounts receivable within one year | 40/41 | €65,562 | €84,696 | +€19,134 | +29.2% |
| Trade receivables | 40 | €60,060 | €71,134 | +€11,075 | +18.4% |
| Other amounts receivable | 41 | €5,502 | €13,562 | +€8,060 | +146.5% |
| Cash at bank and in hand | 54/58 | €14,656 | €27,976 | +€13,319 | +90.9% |
| Total equity and liabilities | 10/49 | €135,967 | €308,640 | +€172,673 | +127.0% |
| Equity | 10/15 | €35,943 | €54,540 | +€18,598 | +51.7% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Outside capital | 11 | €1,100 | €1,100 | = | 0.0% |
| Share premium | 1100/10 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,843 | €53,440 | +€18,598 | +53.4% |
| Amounts payable | 17/49 | €100,025 | €254,100 | +€154,076 | +154.0% |
| Amounts payable after more than one year | 17 | - | €76,695 | +€76,695 | |
| Financial debts | 170/4 | - | €76,695 | +€76,695 | |
| Amounts payable within one year | 42/48 | €100,025 | €177,405 | +€77,380 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | - | €18,729 | +€18,729 | |
| Trade debts | 44 | €44,899 | €39,090 | -€5,809 | -12.9% |
| Suppliers | 440/4 | €44,899 | €39,090 | -€5,809 | -12.9% |
| Taxes, remuneration and social security | 45 | €26,139 | €43,600 | +€17,460 | +66.8% |
| Taxes | 450/3 | €10,011 | €22,834 | +€12,822 | +128.1% |
| Remuneration and social security | 454/9 | €16,128 | €20,766 | +€4,638 | +28.8% |
| Other amounts payable | 47/48 | €28,986 | €75,986 | +€47,000 | +162.1% |
| Remuneration, social security and pensions | 62 | €58,505 | €54,140 | -€4,364 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,041 | €8,981 | +€1,940 | +27.6% |
| Other operating charges | 640/8 | €1,892 | €6,522 | +€4,630 | +244.8% |
| Gross operating margin | 9900 | €95,666 | €96,679 | +€1,012 | +1.1% |
| Operating profit (loss) | 9901 | €28,229 | €27,035 | -€1,194 | -4.2% |
| Financial income | 75/76B | €1 | €5 | +€4 | +449.5% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +449.5% |
| Financial charges | 65/66B | €196 | €1,203 | +€1,006 | +512.4% |
| Recurring financial charges | 65 | €196 | €1,203 | +€1,006 | +512.4% |
| Profit (loss) for the period before taxes | 9903 | €28,034 | €25,838 | -€2,196 | -7.8% |
| Income taxes | 67/77 | €5,971 | €7,241 | +€1,270 | +21.3% |
| Profit (loss) for the period | 9904 | €22,063 | €18,598 | -€3,465 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,063 | €18,598 | -€3,465 | -15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.