MUS & BOIS: what changed
MUS & BOIS
Largest movements
- Cash +€9,763
up €9,763 (+67.4%), from €14,474 to €24,237
mainly Receivables within one year (+€9,122) and Other debts (+€2,037)
- Receivables within one year -€9,122
down €9,122 (-77.4%), from €11,780 to €2,658
of which Trade receivables: -€7,304
- Deferred charges and accrued income -€799
down €799 (-47.8%), from €1,670 to €871
- Other debts +€2,037
up €2,037 (+11.2%), from €18,139 to €20,176
- Trade debts -€996
down €996 (-28.7%), from €3,471 to €2,474
- Tax, wage and social debts -€575
down €575 (-23.1%), from €2,490 to €1,915
of which Taxes: -€775
- Profit (loss) carried forward -€483
down €483 (-17.5%), from €2,755 to €2,272
- Gross operating margin -€3,362
down €3,362 (-65.5%), from €5,136 to €1,774
- Taxes -€768
down €768 (-72.3%), from €1,063 to €295
- Depreciation +€293
up €293 (+40.1%), from €731 to €1,024
- Other operating charges +€174
up €174 (+23.4%), from €744 to €917
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,855 | €30,873 | +€18 | +0.1% |
| Fixed assets | 21/28 | €2,930 | €3,107 | +€176 | +6.0% |
| Tangible fixed assets | 22/27 | €2,930 | €3,107 | +€176 | +6.0% |
| Plant, machinery and equipment | 23 | €1,393 | €2,134 | +€741 | +53.2% |
| Furniture and vehicles | 24 | €1,538 | €973 | -€565 | -36.7% |
| Current assets | 29/58 | €27,924 | €27,766 | -€158 | -0.6% |
| Amounts receivable within one year | 40/41 | €11,780 | €2,658 | -€9,122 | -77.4% |
| Trade receivables | 40 | €9,513 | €2,209 | -€7,304 | -76.8% |
| Other amounts receivable | 41 | €2,267 | €449 | -€1,818 | -80.2% |
| Cash at bank and in hand | 54/58 | €14,474 | €24,237 | +€9,763 | +67.4% |
| Deferred charges and accrued income | 490/1 | €1,670 | €871 | -€799 | -47.8% |
| Total equity and liabilities | 10/49 | €30,855 | €30,873 | +€18 | +0.1% |
| Equity | 10/15 | €6,755 | €6,272 | -€483 | -7.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,755 | €2,272 | -€483 | -17.5% |
| Amounts payable | 17/49 | €24,100 | €24,601 | +€501 | +2.1% |
| Amounts payable within one year | 42/48 | €24,100 | €24,565 | +€466 | +1.9% |
| Trade debts | 44 | €3,471 | €2,474 | -€996 | -28.7% |
| Suppliers | 440/4 | €3,471 | €2,474 | -€996 | -28.7% |
| Taxes, remuneration and social security | 45 | €2,490 | €1,915 | -€575 | -23.1% |
| Taxes | 450/3 | €1,490 | €715 | -€775 | -52.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,200 | +€200 | +20.0% |
| Other amounts payable | 47/48 | €18,139 | €20,176 | +€2,037 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731 | €1,024 | +€293 | +40.1% |
| Other operating charges | 640/8 | €744 | €917 | +€174 | +23.4% |
| Gross operating margin | 9900 | €5,136 | €1,774 | -€3,362 | -65.5% |
| Operating profit (loss) | 9901 | €3,662 | -€167 | -€3,829 | |
| Financial income | 75/76B | €80 | €105 | +€25 | +31.2% |
| Recurring financial income | 75 | €80 | €105 | +€25 | +31.2% |
| Financial charges | 65/66B | €173 | €125 | -€48 | -27.8% |
| Recurring financial charges | 65 | €173 | €125 | -€48 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €3,568 | -€188 | -€3,756 | |
| Income taxes | 67/77 | €1,063 | €295 | -€768 | -72.3% |
| Profit (loss) for the period | 9904 | €2,505 | -€483 | -€2,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,505 | -€483 | -€2,988 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.