MSNK 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.
MSNK Solutions
Largest movements
- Cash +€52,877
up €52,877 (+67.1%), from €78,835 to €131,711
mainly Net result for the year (+€34,001) and Receivables within one year (+€25,738)
- Receivables within one year -€25,738
down €25,738 (-99.3%), from €25,908 to €170
of which Trade receivables: -€25,656
- Tangible fixed assets -€9,684
down €9,684 (-20.4%), from €47,455 to €37,771
- Reserves +€34,001
up €34,001 (+47.1%), from €72,216 to €106,217
- Tax, wage and social debts -€11,514
down €11,514 (-32.3%), from €35,659 to €24,145
- Debts after one year -€10,127
down €10,127 (-32.0%), from €31,652 to €21,525
- Short-term financial debts +€4,758
new in 2025: €4,758
- Gross operating margin +€7,793
up €7,793 (+15.3%), from €50,893 to €58,686
- Taxes +€1,323
up €1,323 (+16.0%), from €8,286 to €9,608
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.
Cash bridge derived
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 | €154,323 | €172,078 | +€17,755 | +11.5% |
| Fixed assets | 21/28 | €47,455 | €37,771 | -€9,684 | -20.4% |
| Tangible fixed assets | 22/27 | €47,455 | €37,771 | -€9,684 | -20.4% |
| Furniture and vehicles | 24 | €47,455 | €37,771 | -€9,684 | -20.4% |
| Current assets | 29/58 | €106,868 | €134,307 | +€27,439 | +25.7% |
| Amounts receivable within one year | 40/41 | €25,908 | €170 | -€25,738 | -99.3% |
| Trade receivables | 40 | €25,826 | €170 | -€25,656 | -99.3% |
| Other amounts receivable | 41 | €82 | €0 | -€82 | -100.0% |
| Cash at bank and in hand | 54/58 | €78,835 | €131,711 | +€52,877 | +67.1% |
| Deferred charges and accrued income | 490/1 | €2,125 | €2,426 | +€301 | +14.2% |
| Total equity and liabilities | 10/49 | €154,323 | €172,078 | +€17,755 | +11.5% |
| Equity | 10/15 | €73,216 | €107,217 | +€34,001 | +46.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €72,216 | €106,217 | +€34,001 | +47.1% |
| Distributable reserves | 133 | €72,216 | €106,217 | +€34,001 | +47.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,107 | €64,861 | -€16,246 | -20.0% |
| Amounts payable after more than one year | 17 | €31,652 | €21,525 | -€10,127 | -32.0% |
| Financial debts | 170/4 | €31,652 | €21,525 | -€10,127 | -32.0% |
| Amounts payable within one year | 42/48 | €49,455 | €42,740 | -€6,715 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €9,726 | €10,127 | +€401 | +4.1% |
| Financial debts | 43 | - | €4,758 | +€4,758 | |
| Credit institutions | 430/8 | - | €4,758 | +€4,758 | |
| Trade debts | 44 | €1,337 | €1,922 | +€586 | +43.8% |
| Suppliers | 440/4 | €1,337 | €1,922 | +€586 | +43.8% |
| Taxes, remuneration and social security | 45 | €35,659 | €24,145 | -€11,514 | -32.3% |
| Taxes | 450/3 | €35,659 | €24,145 | -€11,514 | -32.3% |
| Other amounts payable | 47/48 | €2,733 | €1,788 | -€946 | -34.6% |
| Accrued charges and deferred income | 492/3 | - | €596 | +€596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,481 | €13,021 | -€460 | -3.4% |
| Other operating charges | 640/8 | €482 | €795 | +€312 | +64.8% |
| Gross operating margin | 9900 | €50,893 | €58,686 | +€7,793 | +15.3% |
| Operating profit (loss) | 9901 | €36,930 | €44,871 | +€7,941 | +21.5% |
| Financial income | 75/76B | €38 | €336 | +€298 | +779.4% |
| Recurring financial income | 75 | €38 | €336 | +€298 | +779.4% |
| Financial charges | 65/66B | €1,996 | €1,597 | -€400 | -20.0% |
| Recurring financial charges | 65 | €1,996 | €1,597 | -€400 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €34,972 | €43,610 | +€8,638 | +24.7% |
| Income taxes | 67/77 | €8,286 | €9,608 | +€1,323 | +16.0% |
| Profit (loss) for the period | 9904 | €26,686 | €34,001 | +€7,315 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,686 | €34,001 | +€7,315 | +27.4% |
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 11 October 2026 via checked.be.