MUSCO: 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.
MUSCO
Largest movements
- Tangible fixed assets +€126,735
new in 2024: €126,735
of which Plant, machinery and equipment: +€65,961
- Receivables within one year -€38,450
down €38,450 (-74.4%), from €51,688 to €13,238
of which Other amounts receivable: -€21,734
- Financial fixed assets +€7,500
new in 2024: €7,500
- Cash +€4,649
up €4,649 (+5,281%), from €88 to €4,737
mainly Net result for the year (+€100,143) and Receivables within one year (+€38,450)
- Profit (loss) carried forward +€100,143
up €100,143, from -€30,648 to €69,495
- Other debts +€15,738
up €15,738 (+29.2%), from €53,872 to €69,610
- Accrued charges and deferred income -€15,020
no longer reported in 2024 (was €15,020)
- Trade debts -€9,600
down €9,600 (-81.5%), from €11,782 to €2,182
- Tax, wage and social debts +€9,173
new in 2024: €9,173
- Turnover +€436,895
up €436,895 (+759%), from €57,576 to €494,471
- Purchases and services +€244,755
up €244,755 (+268%), from €91,300 to €336,056
- Gross operating margin +€192,140
up €192,140, from -€33,724 to €158,415
- Depreciation +€28,138
new in 2024: €28,138
- Staff costs +€17,231
up €17,231 (+254%), from €6,795 to €24,026
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 | €51,776 | €152,210 | +€100,434 | +194% |
| Fixed assets | 21/28 | - | €134,235 | +€134,235 | |
| Tangible fixed assets | 22/27 | - | €126,735 | +€126,735 | |
| Plant, machinery and equipment | 23 | - | €65,961 | +€65,961 | |
| Furniture and vehicles | 24 | - | €60,773 | +€60,773 | |
| Financial fixed assets | 28 | - | €7,500 | +€7,500 | |
| Current assets | 29/58 | €51,776 | €17,975 | -€33,800 | -65.3% |
| Amounts receivable within one year | 40/41 | €51,688 | €13,238 | -€38,450 | -74.4% |
| Trade receivables | 40 | €29,953 | €13,238 | -€16,715 | -55.8% |
| Other amounts receivable | 41 | €21,734 | - | -€21,734 | |
| Cash at bank and in hand | 54/58 | €88 | €4,737 | +€4,649 | +5,281% |
| Total equity and liabilities | 10/49 | €51,776 | €152,210 | +€100,434 | +194% |
| Equity | 10/15 | -€28,898 | €71,245 | +€100,143 | |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Contributions outside capital | 11 | €1,750 | €1,750 | = | 0.0% |
| Other | 1109/19 | €1,750 | €1,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,648 | €69,495 | +€100,143 | |
| Amounts payable | 17/49 | €80,673 | €80,965 | +€291 | +0.4% |
| Amounts payable within one year | 42/48 | €65,653 | €80,965 | +€15,311 | +23.3% |
| Trade debts | 44 | €11,782 | €2,182 | -€9,600 | -81.5% |
| Suppliers | 440/4 | €11,782 | €2,182 | -€9,600 | -81.5% |
| Taxes, remuneration and social security | 45 | - | €9,173 | +€9,173 | |
| Taxes | 450/3 | - | €9,173 | +€9,173 | |
| Other amounts payable | 47/48 | €53,872 | €69,610 | +€15,738 | +29.2% |
| Accrued charges and deferred income | 492/3 | €15,020 | - | -€15,020 | |
| Turnover | 70 | €57,576 | €494,471 | +€436,895 | +759% |
| Goods, raw materials, services and sundry goods | 60/61 | €91,300 | €336,056 | +€244,755 | +268% |
| Remuneration, social security and pensions | 62 | €6,795 | €24,026 | +€17,231 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28,138 | +€28,138 | |
| Other operating charges | 640/8 | €4,602 | €4,332 | -€271 | -5.9% |
| Gross operating margin | 9900 | -€33,724 | €158,415 | +€192,140 | |
| Operating profit (loss) | 9901 | -€45,122 | €101,919 | +€147,041 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +9,283% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +9,283% |
| Financial charges | 65/66B | €387 | €1,788 | +€1,401 | +362% |
| Recurring financial charges | 65 | €387 | €1,788 | +€1,401 | +362% |
| Profit (loss) for the period before taxes | 9903 | -€45,509 | €100,143 | +€145,652 | |
| Profit (loss) for the period | 9904 | -€45,509 | €100,143 | +€145,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,509 | €100,143 | +€145,652 |
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 14 October 2026 via checked.be.