MUST SYSTEME: what changed
Two fiscal 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 SYSTEME
Largest movements
- Receivables within one year -€1,329
down €1,329 (-50.9%), from €2,609 to €1,280
of which Trade receivables: -€2,000
- Cash -€396
down €396 (-68.9%), from €575 to €179
mainly Net result for the year (-€1,573) and Trade debts (-€152)
- Profit (loss) carried forward -€1,573
down €1,573 (-52.1%), from €3,020 to €1,447
- Trade debts -€152
down €152 (-92.6%), from €164 to €12
- Turnover -€5,000
down €5,000 (-55.6%), from €9,000 to €4,000
- Gross operating margin -€4,083
down €4,083, from €3,020 to -€1,064
- Purchases and services -€917
down €917 (-15.3%), from €5,980 to €5,064
- Other operating charges +€433
new in 2025: €433
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.
Cash bridge derived
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 | €3,184 | €1,459 | -€1,725 | -54.2% |
| Current assets | 29/58 | €3,184 | €1,459 | -€1,725 | -54.2% |
| Amounts receivable within one year | 40/41 | €2,609 | €1,280 | -€1,329 | -50.9% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €609 | €1,280 | +€671 | +110.3% |
| Cash at bank and in hand | 54/58 | €575 | €179 | -€396 | -68.9% |
| Total equity and liabilities | 10/49 | €3,184 | €1,459 | -€1,725 | -54.2% |
| Equity | 10/15 | €3,020 | €1,447 | -€1,573 | -52.1% |
| Profit (loss) carried forward | 14 | €3,020 | €1,447 | -€1,573 | -52.1% |
| Amounts payable | 17/49 | €164 | €12 | -€152 | -92.6% |
| Amounts payable within one year | 42/48 | €164 | €12 | -€152 | -92.6% |
| Trade debts | 44 | €164 | €12 | -€152 | -92.6% |
| Suppliers | 440/4 | €164 | €12 | -€152 | -92.6% |
| Turnover | 70 | €9,000 | €4,000 | -€5,000 | -55.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,980 | €5,064 | -€917 | -15.3% |
| Other operating charges | 640/8 | - | €433 | +€433 | |
| Gross operating margin | 9900 | €3,020 | -€1,064 | -€4,083 | |
| Operating profit (loss) | 9901 | €3,020 | -€1,496 | -€4,516 | |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | €3,020 | -€1,573 | -€4,593 | |
| Profit (loss) for the period | 9904 | €3,020 | -€1,573 | -€4,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,020 | -€1,573 | -€4,593 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.