MUST Interieur: 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 Interieur
Largest movements
- Receivables within one year +€358,343
up €358,343 (+141%), from €254,198 to €612,541
of which Other amounts receivable: +€364,246
- Stocks and contracts -€30,000
down €30,000 (-61.9%), from €48,500 to €18,500
- Tangible fixed assets -€21,015
down €21,015 (-14.5%), from €145,012 to €123,997
of which Land and buildings: -€14,463
- Other debts +€285,930
up €285,930 (+16,668%), from €1,715 to €287,646
- Reserves +€74,825
up €74,825 (+49.8%), from €150,343 to €225,169
of which Distributable reserves: +€74,825
- Trade debts -€46,293
down €46,293 (-30.5%), from €151,730 to €105,436
- Tax, wage and social debts +€20,233
up €20,233 (+71.2%), from €28,413 to €48,647
of which Taxes: +€22,406
- Debts after one year -€12,921
down €12,921 (-56.7%), from €22,784 to €9,863
- Gross operating margin +€94,635
up €94,635 (+56.4%), from €167,942 to €262,577
- Taxes +€28,206
up €28,206 (+302%), from €9,325 to €37,531
- Staff costs +€5,888
up €5,888 (+5.0%), from €117,281 to €123,169
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 | €453,076 | €762,369 | +€309,294 | +68.3% |
| Fixed assets | 21/28 | €145,572 | €124,557 | -€21,015 | -14.4% |
| Tangible fixed assets | 22/27 | €145,012 | €123,997 | -€21,015 | -14.5% |
| Land and buildings | 22 | €127,543 | €113,080 | -€14,463 | -11.3% |
| Plant, machinery and equipment | 23 | €17,468 | €10,917 | -€6,552 | -37.5% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €307,504 | €637,812 | +€330,309 | +107% |
| Stocks and contracts in progress | 3 | €48,500 | €18,500 | -€30,000 | -61.9% |
| Stocks | 30/36 | €48,500 | €18,500 | -€30,000 | -61.9% |
| Amounts receivable within one year | 40/41 | €254,198 | €612,541 | +€358,343 | +141% |
| Trade receivables | 40 | €196,609 | €190,707 | -€5,903 | -3.0% |
| Other amounts receivable | 41 | €57,589 | €421,835 | +€364,246 | +632% |
| Cash at bank and in hand | 54/58 | €4,806 | €6,771 | +€1,965 | +40.9% |
| Total equity and liabilities | 10/49 | €453,076 | €762,369 | +€309,294 | +68.3% |
| Equity | 10/15 | €212,343 | €287,169 | +€74,825 | +35.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €150,343 | €225,169 | +€74,825 | +49.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €144,143 | €218,969 | +€74,825 | +51.9% |
| Amounts payable | 17/49 | €240,732 | €475,201 | +€234,468 | +97.4% |
| Amounts payable after more than one year | 17 | €22,784 | €9,863 | -€12,921 | -56.7% |
| Financial debts | 170/4 | €22,784 | €9,863 | -€12,921 | -56.7% |
| Amounts payable within one year | 42/48 | €208,349 | €455,738 | +€247,389 | +119% |
| Current portion of amounts payable after more than one year | 42 | €26,490 | €14,009 | -€12,481 | -47.1% |
| Trade debts | 44 | €151,730 | €105,436 | -€46,293 | -30.5% |
| Suppliers | 440/4 | €151,730 | €105,436 | -€46,293 | -30.5% |
| Taxes, remuneration and social security | 45 | €28,413 | €48,647 | +€20,233 | +71.2% |
| Taxes | 450/3 | €25,826 | €48,232 | +€22,406 | +86.8% |
| Remuneration and social security | 454/9 | €2,587 | €414 | -€2,173 | -84.0% |
| Other amounts payable | 47/48 | €1,715 | €287,646 | +€285,930 | +16,668% |
| Accrued charges and deferred income | 492/3 | €9,600 | €9,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €117,281 | €123,169 | +€5,888 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,092 | €21,757 | -€335 | -1.5% |
| Other operating charges | 640/8 | €273 | €2,326 | +€2,053 | +752% |
| Gross operating margin | 9900 | €167,942 | €262,577 | +€94,635 | +56.4% |
| Operating profit (loss) | 9901 | €28,295 | €115,325 | +€87,029 | +308% |
| Financial income | 75/76B | €1,741 | €248 | -€1,493 | -85.7% |
| Recurring financial income | 75 | €1,741 | €248 | -€1,493 | -85.7% |
| Financial charges | 65/66B | €2,987 | €3,217 | +€230 | +7.7% |
| Recurring financial charges | 65 | €2,987 | €3,217 | +€230 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €27,050 | €112,357 | +€85,307 | +315% |
| Income taxes | 67/77 | €9,325 | €37,531 | +€28,206 | +302% |
| Profit (loss) for the period | 9904 | €17,725 | €74,825 | +€57,101 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €17,725 | €74,825 | +€57,101 | +322% |
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 30 October 2026 via checked.be.