Must Technology: 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 Technology
Largest movements
- Cash -€4,961
down €4,961 (-99.5%), from €4,985 to €24
mainly Net result for the year (-€3,443) and Trade debts (-€2,845)
- Deferred charges and accrued income +€1,588
new in 2025: €1,588
- Receivables within one year -€365
down €365 (-1.8%), from €19,718 to €19,353
of which Other amounts receivable: -€421
- Profit (loss) carried forward -€3,443
down €3,443 (-234%), from -€1,472 to -€4,915
- Trade debts -€2,845
down €2,845 (-15.0%), from €18,950 to €16,105
- Other debts +€1,450
up €1,450 (+647%), from €224 to €1,674
- Tax, wage and social debts +€1,100
up €1,100 (+22.0%), from €5,000 to €6,100
- Depreciation -€2,125
no longer reported in 2025 (was €2,125)
- Gross operating margin -€1,913
down €1,913, from €1,484 to -€430
- Other operating charges +€1,195
up €1,195 (+242%), from €494 to €1,690
- Financial charges +€987
up €987 (+293%), from €336 to €1,323
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 | €24,703 | €20,965 | -€3,738 | -15.1% |
| Current assets | 29/58 | €24,703 | €20,965 | -€3,738 | -15.1% |
| Amounts receivable within one year | 40/41 | €19,718 | €19,353 | -€365 | -1.8% |
| Trade receivables | 40 | €18,579 | €18,635 | +€56 | +0.3% |
| Other amounts receivable | 41 | €1,139 | €718 | -€421 | -36.9% |
| Cash at bank and in hand | 54/58 | €4,985 | €24 | -€4,961 | -99.5% |
| Deferred charges and accrued income | 490/1 | - | €1,588 | +€1,588 | |
| Total equity and liabilities | 10/49 | €24,703 | €20,965 | -€3,738 | -15.1% |
| Equity | 10/15 | €528 | -€2,915 | -€3,443 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,472 | -€4,915 | -€3,443 | -234% |
| Amounts payable | 17/49 | €24,174 | €23,879 | -€295 | -1.2% |
| Amounts payable within one year | 42/48 | €24,174 | €23,879 | -€295 | -1.2% |
| Trade debts | 44 | €18,950 | €16,105 | -€2,845 | -15.0% |
| Suppliers | 440/4 | €18,950 | €16,105 | -€2,845 | -15.0% |
| Taxes, remuneration and social security | 45 | €5,000 | €6,100 | +€1,100 | +22.0% |
| Remuneration and social security | 454/9 | €5,000 | €6,100 | +€1,100 | +22.0% |
| Other amounts payable | 47/48 | €224 | €1,674 | +€1,450 | +647% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125 | - | -€2,125 | |
| Other operating charges | 640/8 | €494 | €1,690 | +€1,195 | +242% |
| Gross operating margin | 9900 | €1,484 | -€430 | -€1,913 | |
| Operating profit (loss) | 9901 | -€1,135 | -€2,119 | -€984 | -86.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €336 | €1,323 | +€987 | +293% |
| Recurring financial charges | 65 | €336 | €1,323 | +€987 | +293% |
| Profit (loss) for the period before taxes | 9903 | -€1,472 | -€3,443 | -€1,971 | -134% |
| Profit (loss) for the period | 9904 | -€1,472 | -€3,443 | -€1,971 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,472 | -€3,443 | -€1,971 | -134% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.