MUST CAR: 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.
MUST CAR
Largest movements
- Tangible fixed assets +€27,176
up €27,176 (+6,050%), from €449 to €27,625
of which Leasing and similar rights: +€25,752
- Receivables within one year -€24,360
down €24,360 (-74.8%), from €32,565 to €8,204
of which Other amounts receivable: -€16,832
- Deferred charges and accrued income -€1,130
down €1,130 (-30.9%), from €3,656 to €2,526
- Cash +€984
up €984 (+33.1%), from €2,974 to €3,958
mainly Receivables within one year (+€24,360) and Other debts (+€15,885)
- Profit (loss) carried forward -€23,652
down €23,652, from €13,007 to -€10,644
- Other debts +€15,885
up €15,885 (+9,045%), from €176 to €16,061
- Debts after one year +€11,384
new in 2024: €11,384
- Current portion of long-term debt +€2,925
new in 2024: €2,925
- Trade debts -€2,480
down €2,480 (-100%), from €2,480 to €0
- Gross operating margin -€39,270
down €39,270, from €26,588 to -€12,682
- Depreciation +€6,284
up €6,284 (+7,147%), from €88 to €6,372
- Taxes -€4,866
no longer reported in 2024 (was €4,866)
- Financial charges +€3,040
up €3,040 (+260%), from €1,170 to €4,210
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 | €39,644 | €42,314 | +€2,669 | +6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €449 | €27,625 | +€27,176 | +6,050% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €449 | €27,625 | +€27,176 | +6,050% |
| Furniture and vehicles | 24 | €449 | €1,873 | +€1,424 | +317% |
| Leasing and similar rights | 25 | - | €25,752 | +€25,752 | |
| Current assets | 29/58 | €39,195 | €14,688 | -€24,507 | -62.5% |
| Amounts receivable within one year | 40/41 | €32,565 | €8,204 | -€24,360 | -74.8% |
| Trade receivables | 40 | €13,666 | €6,138 | -€7,528 | -55.1% |
| Other amounts receivable | 41 | €18,899 | €2,067 | -€16,832 | -89.1% |
| Cash at bank and in hand | 54/58 | €2,974 | €3,958 | +€984 | +33.1% |
| Deferred charges and accrued income | 490/1 | €3,656 | €2,526 | -€1,130 | -30.9% |
| Total equity and liabilities | 10/49 | €39,644 | €42,314 | +€2,669 | +6.7% |
| Equity | 10/15 | €31,607 | €7,956 | -€23,652 | -74.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,007 | -€10,644 | -€23,652 | |
| Amounts payable | 17/49 | €8,037 | €34,358 | +€26,321 | +328% |
| Amounts payable after more than one year | 17 | - | €11,384 | +€11,384 | |
| Financial debts | 170/4 | - | €11,384 | +€11,384 | |
| Amounts payable within one year | 42/48 | €8,037 | €22,974 | +€14,938 | +186% |
| Current portion of amounts payable after more than one year | 42 | - | €2,925 | +€2,925 | |
| Trade debts | 44 | €2,480 | €0 | -€2,480 | -100% |
| Suppliers | 440/4 | €2,480 | €0 | -€2,480 | -100% |
| Taxes, remuneration and social security | 45 | €5,381 | €3,988 | -€1,393 | -25.9% |
| Taxes | 450/3 | €5,381 | €3,988 | -€1,393 | -25.9% |
| Other amounts payable | 47/48 | €176 | €16,061 | +€15,885 | +9,045% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €6,372 | +€6,284 | +7,147% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €26,588 | -€12,682 | -€39,270 | |
| Operating profit (loss) | 9901 | €26,115 | -€19,442 | -€45,557 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,170 | €4,210 | +€3,040 | +260% |
| Recurring financial charges | 65 | €1,170 | €4,210 | +€3,040 | +260% |
| Profit (loss) for the period before taxes | 9903 | €24,945 | -€23,652 | -€48,597 | |
| Income taxes | 67/77 | €4,866 | - | -€4,866 | |
| Profit (loss) for the period | 9904 | €20,079 | -€23,652 | -€43,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,079 | -€23,652 | -€43,731 |
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 25 October 2026 via checked.be.