MUSAFER: 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.
MUSAFER
Largest movements
- Cash -€10,610
down €10,610 (-19.8%), from €53,498 to €42,888
mainly Tax, wage and social debts (-€11,164) and Net result for the year (-€5,859)
- Tangible fixed assets -€5,859
down €5,859 (-44.0%), from €13,320 to €7,461
- Receivables within one year +€759
up €759 (+76.5%), from €993 to €1,752
of which Other amounts receivable: +€1,752
- Tax, wage and social debts -€11,164
down €11,164 (-95.4%), from €11,701 to €537
- Profit (loss) carried forward -€5,859
down €5,859 (-12.0%), from €48,685 to €42,825
- Trade debts +€1,918
new in 2024: €1,918
- Gross operating margin -€31,960
down €31,960 (-96.8%), from €33,011 to €1,051
- Taxes -€5,152
no longer reported in 2024 (was €5,152)
- Depreciation -€1,202
down €1,202 (-16.3%), from €7,359 to €6,158
- Other operating charges -€921
down €921 (-70.6%), from €1,304 to €383
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.
Derived cash bridge
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 | €67,811 | €52,101 | -€15,710 | -23.2% |
| Fixed assets | 21/28 | €13,320 | €7,461 | -€5,859 | -44.0% |
| Tangible fixed assets | 22/27 | €13,320 | €7,461 | -€5,859 | -44.0% |
| Furniture and vehicles | 24 | €13,320 | €7,461 | -€5,859 | -44.0% |
| Current assets | 29/58 | €54,491 | €44,640 | -€9,851 | -18.1% |
| Amounts receivable within one year | 40/41 | €993 | €1,752 | +€759 | +76.5% |
| Trade receivables | 40 | €993 | - | -€993 | |
| Other amounts receivable | 41 | - | €1,752 | +€1,752 | |
| Cash at bank and in hand | 54/58 | €53,498 | €42,888 | -€10,610 | -19.8% |
| Total equity and liabilities | 10/49 | €67,811 | €52,101 | -€15,710 | -23.2% |
| Equity | 10/15 | €55,505 | €49,645 | -€5,859 | -10.6% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,685 | €42,825 | -€5,859 | -12.0% |
| Amounts payable | 17/49 | €12,306 | €2,455 | -€9,851 | -80.0% |
| Amounts payable within one year | 42/48 | €12,306 | €2,455 | -€9,851 | -80.0% |
| Trade debts | 44 | - | €1,918 | +€1,918 | |
| Suppliers | 440/4 | - | €1,918 | +€1,918 | |
| Taxes, remuneration and social security | 45 | €11,701 | €537 | -€11,164 | -95.4% |
| Taxes | 450/3 | €11,701 | €537 | -€11,164 | -95.4% |
| Other amounts payable | 47/48 | €605 | - | -€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,359 | €6,158 | -€1,202 | -16.3% |
| Other operating charges | 640/8 | €1,304 | €383 | -€921 | -70.6% |
| Gross operating margin | 9900 | €33,011 | €1,051 | -€31,960 | -96.8% |
| Operating profit (loss) | 9901 | €24,348 | -€5,490 | -€29,837 | |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €275 | €424 | +€149 | +54.2% |
| Recurring financial charges | 65 | €275 | €424 | +€149 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €24,072 | -€5,859 | -€29,932 | |
| Income taxes | 67/77 | €5,152 | - | -€5,152 | |
| Profit (loss) for the period | 9904 | €18,921 | -€5,859 | -€24,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,921 | -€5,859 | -€24,780 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.