MUS-DAK: 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.
MUS-DAK
Largest movements
- Receivables within one year +€16,900
up €16,900 (+55.8%), from €30,292 to €47,192
of which Other amounts receivable: +€27,381
- Tangible fixed assets +€9,466
new in 2025: €9,466
- Cash -€2,224
no longer reported in 2025 (was €2,224)
mainly Receivables within one year (-€16,900) and Trade debts (-€12,600)
- Deferred charges and accrued income +€1,254
up €1,254 (+284.3%), from €441 to €1,696
- Tax, wage and social debts +€19,919
up €19,919 (+284.2%), from €7,008 to €26,928
of which Remuneration and social security: +€13,477
- Reserves +€13,572
up €13,572 (+136.5%), from €9,943 to €23,515
- Trade debts -€12,600
down €12,600 (-86.9%), from €14,505 to €1,905
- Short-term financial debts +€4,506
new in 2025: €4,506
- Gross operating margin +€54,423
up €54,423 (+241.1%), from €22,569 to €76,992
- Staff costs +€43,752
up €43,752 (+481.8%), from €9,080 to €52,832
- Depreciation +€3,076
new in 2025: €3,076
- Taxes +€2,490
up €2,490 (+70.7%), from €3,522 to €6,012
- Other operating charges +€1,876
up €1,876 (+704.2%), from €266 to €2,143
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 | €32,957 | €58,353 | +€25,397 | +77.1% |
| Fixed assets | 21/28 | - | €9,466 | +€9,466 | |
| Tangible fixed assets | 22/27 | - | €9,466 | +€9,466 | |
| Furniture and vehicles | 24 | - | €9,466 | +€9,466 | |
| Current assets | 29/58 | €32,957 | €48,888 | +€15,931 | +48.3% |
| Amounts receivable within one year | 40/41 | €30,292 | €47,192 | +€16,900 | +55.8% |
| Trade receivables | 40 | €13,734 | €3,253 | -€10,481 | -76.3% |
| Other amounts receivable | 41 | €16,558 | €43,939 | +€27,381 | +165.4% |
| Cash at bank and in hand | 54/58 | €2,224 | - | -€2,224 | |
| Deferred charges and accrued income | 490/1 | €441 | €1,696 | +€1,254 | +284.3% |
| Total equity and liabilities | 10/49 | €32,957 | €58,353 | +€25,397 | +77.1% |
| Equity | 10/15 | €11,443 | €25,015 | +€13,572 | +118.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €9,943 | €23,515 | +€13,572 | +136.5% |
| Distributable reserves | 133 | €9,943 | €23,515 | +€13,572 | +136.5% |
| Amounts payable | 17/49 | €21,513 | €33,338 | +€11,825 | +55.0% |
| Amounts payable within one year | 42/48 | €21,513 | €33,338 | +€11,825 | +55.0% |
| Financial debts | 43 | - | €4,506 | +€4,506 | |
| Credit institutions | 430/8 | - | €4,506 | +€4,506 | |
| Trade debts | 44 | €14,505 | €1,905 | -€12,600 | -86.9% |
| Suppliers | 440/4 | €14,505 | €1,905 | -€12,600 | -86.9% |
| Taxes, remuneration and social security | 45 | €7,008 | €26,928 | +€19,919 | +284.2% |
| Taxes | 450/3 | €3,522 | €9,965 | +€6,443 | +182.9% |
| Remuneration and social security | 454/9 | €3,486 | €16,963 | +€13,477 | +386.6% |
| Remuneration, social security and pensions | 62 | €9,080 | €52,832 | +€43,752 | +481.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,076 | +€3,076 | |
| Other operating charges | 640/8 | €266 | €2,143 | +€1,876 | +704.2% |
| Gross operating margin | 9900 | €22,569 | €76,992 | +€54,423 | +241.1% |
| Operating profit (loss) | 9901 | €13,223 | €18,941 | +€5,718 | +43.2% |
| Financial income | 75/76B | €639 | €1,142 | +€503 | +78.8% |
| Recurring financial income | 75 | €639 | €1,142 | +€503 | +78.8% |
| Financial charges | 65/66B | €396 | €500 | +€104 | +26.1% |
| Recurring financial charges | 65 | €396 | €500 | +€104 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €13,465 | €19,583 | +€6,118 | +45.4% |
| Income taxes | 67/77 | €3,522 | €6,012 | +€2,490 | +70.7% |
| Profit (loss) for the period | 9904 | €9,943 | €13,572 | +€3,628 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,943 | €13,572 | +€3,628 | +36.5% |
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 10 October 2026 via checked.be.