MSTRONIC: 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.
MSTRONIC
Largest movements
- Cash +€22,776
up €22,776 (+15320.8%), from €149 to €22,925
mainly Other debts (+€34,573) and Depreciation (+€3,312)
- Tangible fixed assets -€3,312
no longer reported in 2025 (was €3,312)
- Other debts +€34,573
up €34,573 (+26.5%), from €130,621 to €165,193
- Profit (loss) carried forward -€13,487
down €13,487 (-8.2%), from -€163,976 to -€177,464
- Trade debts -€1,564
down €1,564 (-99.2%), from €1,576 to €12
- Gross operating margin +€24,866
up €24,866 (+73.2%), from -€33,951 to -€9,085
- Depreciation -€4,161
down €4,161 (-55.7%), from €7,473 to €3,312
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 | €3,755 | €23,327 | +€19,572 | +521.3% |
| Fixed assets | 21/28 | €3,312 | - | -€3,312 | |
| Tangible fixed assets | 22/27 | €3,312 | - | -€3,312 | |
| Plant, machinery and equipment | 23 | €3,312 | - | -€3,312 | |
| Current assets | 29/58 | €443 | €23,327 | +€22,884 | +5169.4% |
| Amounts receivable within one year | 40/41 | €294 | €402 | +€108 | +36.8% |
| Trade receivables | 40 | - | €125 | +€125 | |
| Other amounts receivable | 41 | €294 | €277 | -€17 | -5.8% |
| Cash at bank and in hand | 54/58 | €149 | €22,925 | +€22,776 | +15320.8% |
| Total equity and liabilities | 10/49 | €3,755 | €23,327 | +€19,572 | +521.3% |
| Equity | 10/15 | -€128,707 | -€142,195 | -€13,487 | -10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,069 | €29,069 | = | 0.0% |
| 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 | €27,209 | €27,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,976 | -€177,464 | -€13,487 | -8.2% |
| Amounts payable | 17/49 | €132,462 | €165,521 | +€33,059 | +25.0% |
| Amounts payable within one year | 42/48 | €132,462 | €165,521 | +€33,059 | +25.0% |
| Trade debts | 44 | €1,576 | €12 | -€1,564 | -99.2% |
| Suppliers | 440/4 | €1,576 | €12 | -€1,564 | -99.2% |
| Taxes, remuneration and social security | 45 | €265 | €316 | +€51 | +19.2% |
| Taxes | 450/3 | €265 | €316 | +€51 | +19.2% |
| Other amounts payable | 47/48 | €130,621 | €165,193 | +€34,573 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,473 | €3,312 | -€4,161 | -55.7% |
| Other operating charges | 640/8 | €805 | €771 | -€34 | -4.2% |
| Gross operating margin | 9900 | -€33,951 | -€9,085 | +€24,866 | +73.2% |
| Operating profit (loss) | 9901 | -€42,230 | -€13,168 | +€29,061 | +68.8% |
| Financial charges | 65/66B | €161 | €131 | -€29 | -18.2% |
| Recurring financial charges | 65 | €161 | €131 | -€29 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,390 | -€13,300 | +€29,091 | +68.6% |
| Income taxes | 67/77 | €270 | €188 | -€82 | -30.5% |
| Profit (loss) for the period | 9904 | -€42,660 | -€13,487 | +€29,173 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,660 | -€13,487 | +€29,173 | +68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.