Muskaan 2: 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.
Muskaan 2
Largest movements
- Stocks and contracts -€9,860
down €9,860 (-36.2%), from €27,206 to €17,346
- Cash +€4,958
up €4,958 (+10.6%), from €46,758 to €51,716
mainly Stocks and contracts (+€9,860) and Other debts (+€4,213)
- Trade debts -€7,825
down €7,825 (-95.0%), from €8,239 to €414
- Other debts +€4,213
up €4,213 (+737%), from €572 to €4,786
- Tax, wage and social debts -€2,963
down €2,963 (-37.1%), from €7,979 to €5,016
- Reserves +€1,409
up €1,409 (+3.6%), from €38,639 to €40,048
of which Distributable reserves: +€1,409
- Gross operating margin -€14,532
down €14,532 (-51.3%), from €28,316 to €13,785
- Other operating charges -€4,524
down €4,524 (-36.1%), from €12,534 to €8,009
- Taxes -€2,430
down €2,430 (-38.6%), from €6,294 to €3,864
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.
Derived cash bridge
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 | €74,029 | €69,212 | -€4,817 | -6.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €74,029 | €69,212 | -€4,817 | -6.5% |
| Stocks and contracts in progress | 3 | €27,206 | €17,346 | -€9,860 | -36.2% |
| Stocks | 30/36 | €27,206 | €17,346 | -€9,860 | -36.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,758 | €51,716 | +€4,958 | +10.6% |
| Deferred charges and accrued income | 490/1 | €65 | €150 | +€85 | +132% |
| Total equity and liabilities | 10/49 | €74,029 | €69,212 | -€4,817 | -6.5% |
| Equity | 10/15 | €57,239 | €58,648 | +€1,409 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,639 | €40,048 | +€1,409 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,779 | €38,188 | +€1,409 | +3.8% |
| Amounts payable | 17/49 | €16,790 | €10,564 | -€6,226 | -37.1% |
| Amounts payable within one year | 42/48 | €16,790 | €10,215 | -€6,575 | -39.2% |
| Trade debts | 44 | €8,239 | €414 | -€7,825 | -95.0% |
| Suppliers | 440/4 | €8,239 | €414 | -€7,825 | -95.0% |
| Taxes, remuneration and social security | 45 | €7,979 | €5,016 | -€2,963 | -37.1% |
| Taxes | 450/3 | €7,979 | €5,016 | -€2,963 | -37.1% |
| Other amounts payable | 47/48 | €572 | €4,786 | +€4,213 | +737% |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Other operating charges | 640/8 | €12,534 | €8,009 | -€4,524 | -36.1% |
| Gross operating margin | 9900 | €28,316 | €13,785 | -€14,532 | -51.3% |
| Operating profit (loss) | 9901 | €15,783 | €5,775 | -€10,007 | -63.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €448 | €502 | +€54 | +12.0% |
| Recurring financial charges | 65 | €448 | €502 | +€54 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €15,334 | €5,273 | -€10,061 | -65.6% |
| Income taxes | 67/77 | €6,294 | €3,864 | -€2,430 | -38.6% |
| Profit (loss) for the period | 9904 | €9,040 | €1,409 | -€7,631 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,040 | €1,409 | -€7,631 | -84.4% |
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 29 October 2026 via checked.be.