MUST - SALON: 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 - SALON
Largest movements
- Cash +€12,786
up €12,786 (+57.9%), from €22,082 to €34,868
mainly Net result for the year (+€18,762) and Tax, wage and social debts (+€7,152)
- Receivables within one year +€12,268
up €12,268 (+8.0%), from €153,204 to €165,471
of which Other amounts receivable: +€12,970
- Profit (loss) carried forward +€18,762
up €18,762 (+38.2%), from -€49,106 to -€30,344
- Tax, wage and social debts +€7,152
up €7,152 (+287%), from €2,488 to €9,640
- Gross operating margin +€9,683
up €9,683 (+54.9%), from €17,649 to €27,332
- Turnover +€9,568
up €9,568 (+57.5%), from €16,640 to €26,207
- Taxes +€4,761
up €4,761 (+191%), from €2,488 to €7,249
- Other operating charges +€747
up €747 (+287%), from €260 to €1,007
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 | €175,498 | €201,030 | +€25,532 | +14.5% |
| Fixed assets | 21/28 | - | €481 | +€481 | |
| Tangible fixed assets | 22/27 | - | €481 | +€481 | |
| Furniture and vehicles | 24 | - | €481 | +€481 | |
| Current assets | 29/58 | €175,498 | €200,549 | +€25,051 | +14.3% |
| Amounts receivable within one year | 40/41 | €153,204 | €165,471 | +€12,268 | +8.0% |
| Trade receivables | 40 | €858 | €156 | -€702 | -81.8% |
| Other amounts receivable | 41 | €152,346 | €165,316 | +€12,970 | +8.5% |
| Cash at bank and in hand | 54/58 | €22,082 | €34,868 | +€12,786 | +57.9% |
| Deferred charges and accrued income | 490/1 | €213 | €210 | -€3 | -1.4% |
| Total equity and liabilities | 10/49 | €175,498 | €201,030 | +€25,532 | +14.5% |
| Equity | 10/15 | €171,011 | €189,773 | +€18,762 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,517 | €201,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €195,367 | €195,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,106 | -€30,344 | +€18,762 | +38.2% |
| Amounts payable | 17/49 | €4,487 | €11,256 | +€6,769 | +151% |
| Amounts payable within one year | 42/48 | €4,487 | €11,256 | +€6,769 | +151% |
| Trade debts | 44 | €1,999 | €1,616 | -€383 | -19.1% |
| Suppliers | 440/4 | €1,999 | €1,616 | -€383 | -19.1% |
| Taxes, remuneration and social security | 45 | €2,488 | €9,640 | +€7,152 | +287% |
| Taxes | 450/3 | €2,488 | €9,640 | +€7,152 | +287% |
| Turnover | 70 | €16,640 | €26,207 | +€9,568 | +57.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,886 | €7,733 | -€154 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €260 | €1,007 | +€747 | +287% |
| Gross operating margin | 9900 | €17,649 | €27,332 | +€9,683 | +54.9% |
| Operating profit (loss) | 9901 | €17,389 | €26,277 | +€8,888 | +51.1% |
| Financial charges | 65/66B | €201 | €266 | +€64 | +32.0% |
| Recurring financial charges | 65 | €201 | €266 | +€64 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €17,188 | €26,011 | +€8,823 | +51.3% |
| Income taxes | 67/77 | €2,488 | €7,249 | +€4,761 | +191% |
| Profit (loss) for the period | 9904 | €14,700 | €18,762 | +€4,063 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,700 | €18,762 | +€4,063 | +27.6% |
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 31 October 2026 via checked.be.