MSMT: what changed
MSMT
Largest movements
- Cash +€8,979
up €8,979 (+584%), from €1,537 to €10,516
mainly Net result for the year (+€12,529) and Trade debts (+€1,972)
- Receivables within one year +€7,093
up €7,093 (+57.5%), from €12,340 to €19,433
of which Other amounts receivable: +€7,093
- Profit (loss) carried forward +€12,529
up €12,529, from -€4,806 to €7,723
- Trade debts +€1,972
up €1,972 (+2,376%), from €83 to €2,055
- Tax, wage and social debts +€1,571
new in 2026: €1,571
- Gross operating margin +€17,090
up €17,090, from -€3,851 to €13,239
- Taxes -€738
no longer reported in 2026 (was €738)
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,877 | €29,949 | +€16,072 | +116% |
| Current assets | 29/58 | €13,877 | €29,949 | +€16,072 | +116% |
| Amounts receivable within one year | 40/41 | €12,340 | €19,433 | +€7,093 | +57.5% |
| Trade receivables | 40 | €4,500 | €4,500 | = | 0.0% |
| Other amounts receivable | 41 | €7,840 | €14,933 | +€7,093 | +90.5% |
| Cash at bank and in hand | 54/58 | €1,537 | €10,516 | +€8,979 | +584% |
| Total equity and liabilities | 10/49 | €13,877 | €29,949 | +€16,072 | +116% |
| Equity | 10/15 | €13,794 | €26,323 | +€12,529 | +90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,806 | €7,723 | +€12,529 | |
| Amounts payable | 17/49 | €83 | €3,626 | +€3,543 | +4,269% |
| Amounts payable within one year | 42/48 | €83 | €3,626 | +€3,543 | +4,269% |
| Trade debts | 44 | €83 | €2,055 | +€1,972 | +2,376% |
| Suppliers | 440/4 | €83 | €2,055 | +€1,972 | +2,376% |
| Taxes, remuneration and social security | 45 | - | €1,571 | +€1,571 | |
| Taxes | 450/3 | - | €1,571 | +€1,571 | |
| Other operating charges | 640/8 | €638 | €665 | +€27 | +4.2% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | -€3,851 | €13,239 | +€17,090 | |
| Operating profit (loss) | 9901 | -€4,789 | €12,574 | +€17,363 | |
| Financial charges | 65/66B | €49 | €45 | -€4 | -8.2% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,838 | €12,529 | +€17,367 | |
| Income taxes | 67/77 | €738 | - | -€738 | |
| Profit (loss) for the period | 9904 | -€5,576 | €12,529 | +€18,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,576 | €12,529 | +€18,105 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.