MSO CORP: 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.
MSO CORP
Largest movements
- Tangible fixed assets +€6,713
new in 2025: €6,713
- Cash -€3,262
down €3,262 (-47.9%), from €6,809 to €3,547
mainly Investment in fixed assets (net) (-€8,208) and Tax, wage and social debts (-€1,037)
- Receivables within one year +€662
up €662 (+27.4%), from €2,413 to €3,075
of which Other amounts receivable: +€662
- Financial fixed assets +€300
new in 2025: €300
- Trade debts +€3,951
up €3,951 (+82.7%), from €4,777 to €8,728
- Contributions +€2,000
new in 2025: €2,000
- Tax, wage and social debts -€1,037
down €1,037 (-57.5%), from €1,803 to €765
- Other debts -€684
no longer reported in 2025 (was €684)
- Profit (loss) carried forward +€184
up €184 (+9.4%), from €1,959 to €2,142
- Purchases and services -€15,679
no longer reported in 2025 (was €15,679)
- Staff costs +€1,448
up €1,448 (+210%), from €691 to €2,139
- Depreciation +€1,194
new in 2025: €1,194
- Gross operating margin +€1,100
up €1,100 (+31.5%), from €3,488 to €4,588
- Other operating charges +€681
up €681 (+211%), from €323 to €1,005
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.
Derived cash bridge
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 | €9,222 | €13,636 | +€4,414 | +47.9% |
| Fixed assets | 21/28 | - | €7,013 | +€7,013 | |
| Tangible fixed assets | 22/27 | - | €6,713 | +€6,713 | |
| Furniture and vehicles | 24 | - | €6,713 | +€6,713 | |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €9,222 | €6,623 | -€2,600 | -28.2% |
| Amounts receivable within one year | 40/41 | €2,413 | €3,075 | +€662 | +27.4% |
| Trade receivables | 40 | €1,076 | €1,076 | = | 0.0% |
| Other amounts receivable | 41 | €1,337 | €2,000 | +€662 | +49.5% |
| Cash at bank and in hand | 54/58 | €6,809 | €3,547 | -€3,262 | -47.9% |
| Total equity and liabilities | 10/49 | €9,222 | €13,636 | +€4,414 | +47.9% |
| Equity | 10/15 | €1,959 | €4,142 | +€2,184 | +111% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €1,959 | €2,142 | +€184 | +9.4% |
| Amounts payable | 17/49 | €7,263 | €9,493 | +€2,230 | +30.7% |
| Amounts payable within one year | 42/48 | €7,263 | €9,493 | +€2,230 | +30.7% |
| Trade debts | 44 | €4,777 | €8,728 | +€3,951 | +82.7% |
| Suppliers | 440/4 | €4,777 | €8,728 | +€3,951 | +82.7% |
| Taxes, remuneration and social security | 45 | €1,803 | €765 | -€1,037 | -57.5% |
| Taxes | 450/3 | €1,803 | €765 | -€1,037 | -57.5% |
| Other amounts payable | 47/48 | €684 | - | -€684 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,679 | - | -€15,679 | |
| Remuneration, social security and pensions | 62 | €691 | €2,139 | +€1,448 | +210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,194 | +€1,194 | |
| Other operating charges | 640/8 | €323 | €1,005 | +€681 | +211% |
| Gross operating margin | 9900 | €3,488 | €4,588 | +€1,100 | +31.5% |
| Operating profit (loss) | 9901 | €2,473 | €250 | -€2,224 | -89.9% |
| Financial income | 75/76B | - | €183 | +€183 | |
| Recurring financial income | 75 | - | €183 | +€183 | |
| Financial charges | 65/66B | - | €33 | +€33 | |
| Recurring financial charges | 65 | - | €33 | +€33 | |
| Profit (loss) for the period before taxes | 9903 | €2,473 | €400 | -€2,074 | -83.8% |
| Income taxes | 67/77 | €514 | €216 | -€298 | -58.0% |
| Profit (loss) for the period | 9904 | €1,959 | €184 | -€1,775 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,959 | €184 | -€1,775 | -90.6% |
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 1 November 2026 via checked.be.