MUSIB: 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.
MUSIB
Largest movements
- Stocks and contracts +€25,415
up €25,415 (+195.0%), from €13,031 to €38,446
- Receivables within one year -€13,746
down €13,746 (-69.5%), from €19,765 to €6,019
of which Trade receivables: -€13,030
- Cash -€8,250
down €8,250 (-50.1%), from €16,457 to €8,207
mainly Stocks and contracts (-€25,415) and Other debts (-€19,124)
- Trade debts +€38,430
up €38,430 (+49.6%), from €77,521 to €115,951
- Other debts -€19,124
down €19,124 (-41.3%), from €46,284 to €27,160
- Profit (loss) carried forward -€15,888
down €15,888 (-18.4%), from -€86,222 to -€102,110
- Gross operating margin -€159,348
down €159,348, from €146,775 to -€12,573
- Other operating charges -€9,690
down €9,690 (-83.2%), from €11,646 to €1,956
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.
Cash bridge derived
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 | €58,043 | €61,461 | +€3,418 | +5.9% |
| Fixed assets | 21/28 | €8,790 | €8,790 | = | 0.0% |
| Financial fixed assets | 28 | €8,790 | €8,790 | = | 0.0% |
| Current assets | 29/58 | €49,253 | €52,671 | +€3,418 | +6.9% |
| Stocks and contracts in progress | 3 | €13,031 | €38,446 | +€25,415 | +195.0% |
| Stocks | 30/36 | €13,031 | €38,446 | +€25,415 | +195.0% |
| Amounts receivable within one year | 40/41 | €19,765 | €6,019 | -€13,746 | -69.5% |
| Trade receivables | 40 | €13,030 | €0 | -€13,030 | -100.0% |
| Other amounts receivable | 41 | €6,735 | €6,019 | -€716 | -10.6% |
| Cash at bank and in hand | 54/58 | €16,457 | €8,207 | -€8,250 | -50.1% |
| Total equity and liabilities | 10/49 | €58,043 | €61,461 | +€3,418 | +5.9% |
| Equity | 10/15 | -€65,762 | -€81,650 | -€15,888 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,222 | -€102,110 | -€15,888 | -18.4% |
| Amounts payable | 17/49 | €123,805 | €143,111 | +€19,307 | +15.6% |
| Amounts payable within one year | 42/48 | €123,805 | €143,111 | +€19,307 | +15.6% |
| Trade debts | 44 | €77,521 | €115,951 | +€38,430 | +49.6% |
| Suppliers | 440/4 | €77,521 | €115,951 | +€38,430 | +49.6% |
| Other amounts payable | 47/48 | €46,284 | €27,160 | -€19,124 | -41.3% |
| Remuneration, social security and pensions | 62 | €296 | €0 | -€296 | -100.0% |
| Other operating charges | 640/8 | €11,646 | €1,956 | -€9,690 | -83.2% |
| Gross operating margin | 9900 | €146,775 | -€12,573 | -€159,348 | |
| Operating profit (loss) | 9901 | €134,833 | -€14,529 | -€149,362 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €859 | €1,362 | +€503 | +58.5% |
| Recurring financial charges | 65 | €859 | €1,362 | +€503 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €133,974 | -€15,888 | -€149,862 | |
| Profit (loss) for the period | 9904 | €133,974 | -€15,888 | -€149,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,974 | -€15,888 | -€149,862 |
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 10 October 2026 via checked.be.