Musti & Harry: what changed
Musti & Harry
Largest movements
- Receivables within one year +€3,803
up €3,803 (+155%), from €2,457 to €6,260
- Intangible fixed assets -€3,320
down €3,320 (-100%), from €3,320 to €0
- Cash -€1,302
down €1,302 (-7.2%), from €18,130 to €16,828
mainly Receivables within one year (-€3,803) and Tax, wage and social debts (-€2,424)
- Trade debts +€2,471
up €2,471 (+98.7%), from €2,503 to €4,973
- Tax, wage and social debts -€2,424
down €2,424 (-57.2%), from €4,235 to €1,811
of which Remuneration and social security: -€1,990
- Profit (loss) carried forward -€836
down €836 (-8.8%), from €9,558 to €8,721
- Other operating charges +€4,264
up €4,264 (+844%), from €505 to €4,770
- Depreciation -€1,680
down €1,680 (-33.6%), from €5,000 to €3,320
- Gross operating margin -€1,595
down €1,595 (-17.6%), from €9,081 to €7,486
- Staff costs -€407
down €407 (-100%), from €407 to €0
- Financial charges +€118
up €118 (+80.9%), from €146 to €263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,146 | €24,356 | -€790 | -3.1% |
| Fixed assets | 21/28 | €3,320 | €0 | -€3,320 | -100% |
| Intangible fixed assets | 21 | €3,320 | €0 | -€3,320 | -100% |
| Current assets | 29/58 | €21,826 | €24,356 | +€2,530 | +11.6% |
| Amounts receivable within one year | 40/41 | €2,457 | €6,260 | +€3,803 | +155% |
| Trade receivables | 40 | €2,457 | €6,260 | +€3,803 | +155% |
| Cash at bank and in hand | 54/58 | €18,130 | €16,828 | -€1,302 | -7.2% |
| Deferred charges and accrued income | 490/1 | €1,240 | €1,268 | +€28 | +2.3% |
| Total equity and liabilities | 10/49 | €25,146 | €24,356 | -€790 | -3.1% |
| Equity | 10/15 | €17,661 | €16,824 | -€836 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,903 | €1,903 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,903 | €1,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,558 | €8,721 | -€836 | -8.8% |
| Amounts payable | 17/49 | €7,485 | €7,532 | +€46 | +0.6% |
| Amounts payable within one year | 42/48 | €7,485 | €7,532 | +€46 | +0.6% |
| Trade debts | 44 | €2,503 | €4,973 | +€2,471 | +98.7% |
| Suppliers | 440/4 | €2,503 | €4,973 | +€2,471 | +98.7% |
| Taxes, remuneration and social security | 45 | €4,235 | €1,811 | -€2,424 | -57.2% |
| Taxes | 450/3 | €510 | €76 | -€434 | -85.1% |
| Remuneration and social security | 454/9 | €3,725 | €1,735 | -€1,990 | -53.4% |
| Other amounts payable | 47/48 | €747 | €747 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €407 | €0 | -€407 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €3,320 | -€1,680 | -33.6% |
| Other operating charges | 640/8 | €505 | €4,770 | +€4,264 | +844% |
| Gross operating margin | 9900 | €9,081 | €7,486 | -€1,595 | -17.6% |
| Operating profit (loss) | 9901 | €3,169 | -€603 | -€3,772 | |
| Financial income | 75/76B | €0 | €30 | +€30 | +6,035% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +6,035% |
| Financial charges | 65/66B | €146 | €263 | +€118 | +80.9% |
| Recurring financial charges | 65 | €146 | €263 | +€118 | +80.9% |
| Profit (loss) for the period before taxes | 9903 | €3,024 | -€836 | -€3,860 | |
| Profit (loss) for the period | 9904 | €3,024 | -€836 | -€3,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,024 | -€836 | -€3,860 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.