MST CONSTRUCT: 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.
MST CONSTRUCT
Largest movements
- Receivables within one year +€38,608
up €38,608 (+163.7%), from €23,583 to €62,191
of which Other amounts receivable: +€23,608
- Cash -€655
down €655 (-99.9%), from €655 to €1
mainly Receivables within one year (-€38,608)
- Reserves +€31,579
up €31,579 (+1697.8%), from €1,860 to €33,439
of which Distributable reserves: +€31,579
- Tax, wage and social debts +€7,186
new in 2024: €7,186
- Profit (loss) carried forward -€3,779
no longer reported in 2024 (was €3,779)
- Trade debts +€2,967
new in 2024: €2,967
- Gross operating margin +€33,523
up €33,523 (+26882.9%), from €125 to €33,648
- Taxes +€7,186
new in 2024: €7,186
- Financial income +€898
up €898 (+73.6%), from €1,221 to €2,119
- Other operating charges +€623
new in 2024: €623
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 | €24,239 | €62,192 | +€37,953 | +156.6% |
| Current assets | 29/58 | €24,239 | €62,192 | +€37,953 | +156.6% |
| Amounts receivable within one year | 40/41 | €23,583 | €62,191 | +€38,608 | +163.7% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €23,583 | €47,191 | +€23,608 | +100.1% |
| Cash at bank and in hand | 54/58 | €655 | €1 | -€655 | -99.9% |
| Total equity and liabilities | 10/49 | €24,239 | €62,192 | +€37,953 | +156.6% |
| Equity | 10/15 | €24,239 | €52,039 | +€27,801 | +114.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €33,439 | +€31,579 | +1697.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €31,579 | +€31,579 | |
| Profit (loss) carried forward | 14 | €3,779 | - | -€3,779 | |
| Amounts payable | 17/49 | - | €10,153 | +€10,153 | |
| Amounts payable within one year | 42/48 | - | €10,153 | +€10,153 | |
| Trade debts | 44 | - | €2,967 | +€2,967 | |
| Suppliers | 440/4 | - | €2,967 | +€2,967 | |
| Taxes, remuneration and social security | 45 | - | €7,186 | +€7,186 | |
| Taxes | 450/3 | - | €7,186 | +€7,186 | |
| Other operating charges | 640/8 | - | €623 | +€623 | |
| Gross operating margin | 9900 | €125 | €33,648 | +€33,523 | +26882.9% |
| Operating profit (loss) | 9901 | €125 | €33,025 | +€32,900 | +26383.6% |
| Financial income | 75/76B | €1,221 | €2,119 | +€898 | +73.6% |
| Recurring financial income | 75 | €1,221 | €2,119 | +€898 | +73.6% |
| Financial charges | 65/66B | €29 | €157 | +€128 | +436.4% |
| Recurring financial charges | 65 | €29 | €157 | +€128 | +436.4% |
| Profit (loss) for the period before taxes | 9903 | €1,316 | €34,987 | +€33,670 | +2557.9% |
| Income taxes | 67/77 | - | €7,186 | +€7,186 | |
| Profit (loss) for the period | 9904 | €1,316 | €27,801 | +€26,484 | +2012.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,316 | €27,801 | +€26,484 | +2012.0% |
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 6 October 2026 via checked.be.