MUSYIL: 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.
MUSYIL
Largest movements
- Cash -€4,843
down €4,843 (-17.7%), from €27,302 to €22,459
mainly Trade debts (-€7,292) and Other debts (-€3,309)
- Deferred charges and accrued income -€4,600
no longer reported in 2025 (was €4,600)
- Stocks and contracts +€694
up €694 (+46.9%), from €1,478 to €2,171
- Tangible fixed assets -€500
down €500 (-14.1%), from €3,549 to €3,049
of which Furniture and vehicles: -€380
- Trade debts -€7,292
down €7,292 (-89.9%), from €8,111 to €819
- Other debts -€3,309
down €3,309 (-6.3%), from €52,280 to €48,971
- Profit (loss) carried forward +€1,795
up €1,795 (+3.2%), from -€55,748 to -€53,953
- Tax, wage and social debts -€443
down €443 (-2.6%), from €16,825 to €16,382
of which Taxes: -€443
- Gross operating margin -€30,633
down €30,633 (-78.1%), from €39,217 to €8,584
- Other operating charges -€566
down €566 (-37.5%), from €1,510 to €944
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 | €41,927 | €32,679 | -€9,248 | -22.1% |
| Fixed assets | 21/28 | €8,549 | €8,049 | -€500 | -5.8% |
| Tangible fixed assets | 22/27 | €3,549 | €3,049 | -€500 | -14.1% |
| Plant, machinery and equipment | 23 | €120 | - | -€120 | |
| Furniture and vehicles | 24 | €3,429 | €3,049 | -€380 | -11.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €33,379 | €24,630 | -€8,749 | -26.2% |
| Stocks and contracts in progress | 3 | €1,478 | €2,171 | +€694 | +46.9% |
| Stocks | 30/36 | €1,478 | €2,171 | +€694 | +46.9% |
| Cash at bank and in hand | 54/58 | €27,302 | €22,459 | -€4,843 | -17.7% |
| Deferred charges and accrued income | 490/1 | €4,600 | - | -€4,600 | |
| Total equity and liabilities | 10/49 | €41,927 | €32,679 | -€9,248 | -22.1% |
| Equity | 10/15 | -€35,288 | -€33,493 | +€1,795 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,748 | -€53,953 | +€1,795 | +3.2% |
| Amounts payable | 17/49 | €77,215 | €66,172 | -€11,043 | -14.3% |
| Amounts payable within one year | 42/48 | €77,215 | €66,172 | -€11,043 | -14.3% |
| Trade debts | 44 | €8,111 | €819 | -€7,292 | -89.9% |
| Suppliers | 440/4 | €8,111 | €819 | -€7,292 | -89.9% |
| Taxes, remuneration and social security | 45 | €16,825 | €16,382 | -€443 | -2.6% |
| Taxes | 450/3 | €4,225 | €3,782 | -€443 | -10.5% |
| Remuneration and social security | 454/9 | €12,600 | €12,600 | = | 0.0% |
| Other amounts payable | 47/48 | €52,280 | €48,971 | -€3,309 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €500 | -€135 | -21.3% |
| Other operating charges | 640/8 | €1,510 | €944 | -€566 | -37.5% |
| Non-recurring operating charges | 66A | - | €2,762 | +€2,762 | |
| Gross operating margin | 9900 | €39,217 | €8,584 | -€30,633 | -78.1% |
| Operating profit (loss) | 9901 | €37,071 | €4,378 | -€32,693 | -88.2% |
| Financial income | 75/76B | €21 | €1 | -€20 | -95.1% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -95.1% |
| Financial charges | 65/66B | €2,526 | €2,584 | +€58 | +2.3% |
| Recurring financial charges | 65 | €2,526 | €2,584 | +€58 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €34,566 | €1,795 | -€32,771 | -94.8% |
| Profit (loss) for the period | 9904 | €34,566 | €1,795 | -€32,771 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,566 | €1,795 | -€32,771 | -94.8% |
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 24 October 2026 via checked.be.