MUSAMED: 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.
MUSAMED
Largest movements
- Cash +€83,134
up €83,134 (+362.8%), from €22,915 to €106,049
- Receivables within one year -€15,000
down €15,000 (-22.1%), from €68,000 to €53,000
- Profit (loss) carried forward +€71,304
up €71,304 (+106.4%), from €67,000 to €138,304
- Other debts -€2,609
down €2,609 (-16.8%), from €15,551 to €12,942
- Gross operating margin -€75,948
down €75,948 (-90.4%), from €84,006 to €8,058
- Taxes -€14,845
down €14,845 (-87.3%), from €17,000 to €2,155
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,065 | €162,199 | +€68,134 | +72.4% |
| Fixed assets | 21/28 | €3,150 | €3,150 | = | 0.0% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €90,915 | €159,049 | +€68,134 | +74.9% |
| Amounts receivable within one year | 40/41 | €68,000 | €53,000 | -€15,000 | -22.1% |
| Other amounts receivable | 41 | €68,000 | €53,000 | -€15,000 | -22.1% |
| Cash at bank and in hand | 54/58 | €22,915 | €106,049 | +€83,134 | +362.8% |
| Total equity and liabilities | 10/49 | €94,065 | €162,199 | +€68,134 | +72.4% |
| Equity | 10/15 | €69,000 | €140,304 | +€71,304 | +103.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,000 | €138,304 | +€71,304 | +106.4% |
| Amounts payable | 17/49 | €25,065 | €21,894 | -€3,170 | -12.6% |
| Amounts payable within one year | 42/48 | €25,065 | €21,894 | -€3,170 | -12.6% |
| Trade debts | 44 | €276 | €94 | -€182 | -65.9% |
| Suppliers | 440/4 | €276 | €94 | -€182 | -65.9% |
| Taxes, remuneration and social security | 45 | €9,237 | €8,858 | -€379 | -4.1% |
| Taxes | 450/3 | €9,237 | €8,858 | -€379 | -4.1% |
| Other amounts payable | 47/48 | €15,551 | €12,942 | -€2,609 | -16.8% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €84,006 | €8,058 | -€75,948 | -90.4% |
| Operating profit (loss) | 9901 | €84,006 | €7,671 | -€76,336 | -90.9% |
| Financial charges | 65/66B | €6 | €150 | +€144 | +2363.1% |
| Recurring financial charges | 65 | €6 | €150 | +€144 | +2363.1% |
| Profit (loss) for the period before taxes | 9903 | €84,000 | €7,521 | -€76,479 | -91.0% |
| Income taxes | 67/77 | €17,000 | €2,155 | -€14,845 | -87.3% |
| Profit (loss) for the period | 9904 | €67,000 | €5,366 | -€61,634 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,000 | €5,366 | -€61,634 | -92.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.