MUUSK: 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.
MUUSK
Largest movements
- Cash +€36,007
up €36,007 (+105.8%), from €34,023 to €70,030
mainly Other debts (+€41,247) and Net result for the year (+€31,994)
- Tangible fixed assets -€7,297
down €7,297 (-56.8%), from €12,845 to €5,548
of which Furniture and vehicles: -€7,167
- Deferred charges and accrued income -€1,987
down €1,987 (-11.3%), from €17,544 to €15,557
- Other debts +€41,247
up €41,247 (+149.2%), from €27,638 to €68,884
- Profit (loss) carried forward -€14,064
no longer reported in 2025 (was €14,064)
- Accrued charges and deferred income -€2,493
no longer reported in 2025 (was €2,493)
- Tax, wage and social debts +€2,435
up €2,435 (+233.0%), from €1,045 to €3,480
- Gross operating margin +€13,384
up €13,384 (+32.9%), from €40,704 to €54,089
- Taxes +€2,971
up €2,971 (+39.8%), from €7,464 to €10,435
- Financial charges -€2,513
down €2,513 (-98.0%), from €2,565 to €53
- Depreciation +€872
up €872 (+9.2%), from €9,500 to €10,372
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 | €64,948 | €91,164 | +€26,216 | +40.4% |
| Fixed assets | 21/28 | €12,845 | €5,548 | -€7,297 | -56.8% |
| Tangible fixed assets | 22/27 | €12,845 | €5,548 | -€7,297 | -56.8% |
| Plant, machinery and equipment | 23 | €486 | €356 | -€130 | -26.8% |
| Furniture and vehicles | 24 | €12,358 | €5,192 | -€7,167 | -58.0% |
| Current assets | 29/58 | €52,103 | €85,617 | +€33,513 | +64.3% |
| Amounts receivable within one year | 40/41 | €536 | €30 | -€506 | -94.4% |
| Trade receivables | 40 | - | €30 | +€30 | |
| Other amounts receivable | 41 | €536 | - | -€536 | |
| Cash at bank and in hand | 54/58 | €34,023 | €70,030 | +€36,007 | +105.8% |
| Deferred charges and accrued income | 490/1 | €17,544 | €15,557 | -€1,987 | -11.3% |
| Total equity and liabilities | 10/49 | €64,948 | €91,164 | +€26,216 | +40.4% |
| Equity | 10/15 | €32,864 | €18,800 | -€14,064 | -42.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €16,300 | €16,300 | = | 0.0% |
| Distributable reserves | 133 | €16,300 | €16,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,064 | - | -€14,064 | |
| Amounts payable | 17/49 | €32,084 | €72,364 | +€40,280 | +125.5% |
| Amounts payable within one year | 42/48 | €29,591 | €72,364 | +€42,773 | +144.5% |
| Trade debts | 44 | €908 | - | -€908 | |
| Suppliers | 440/4 | €908 | - | -€908 | |
| Taxes, remuneration and social security | 45 | €1,045 | €3,480 | +€2,435 | +233.0% |
| Taxes | 450/3 | €1,045 | €3,480 | +€2,435 | +233.0% |
| Other amounts payable | 47/48 | €27,638 | €68,884 | +€41,247 | +149.2% |
| Accrued charges and deferred income | 492/3 | €2,493 | - | -€2,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,500 | €10,372 | +€872 | +9.2% |
| Other operating charges | 640/8 | €1,313 | €1,236 | -€78 | -5.9% |
| Gross operating margin | 9900 | €40,704 | €54,089 | +€13,384 | +32.9% |
| Operating profit (loss) | 9901 | €29,891 | €42,481 | +€12,590 | +42.1% |
| Financial charges | 65/66B | €2,565 | €53 | -€2,513 | -98.0% |
| Recurring financial charges | 65 | €2,565 | €53 | -€2,513 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €27,326 | €42,429 | +€15,103 | +55.3% |
| Income taxes | 67/77 | €7,464 | €10,435 | +€2,971 | +39.8% |
| Profit (loss) for the period | 9904 | €19,862 | €31,994 | +€12,132 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,862 | €31,994 | +€12,132 | +61.1% |
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 10 October 2026 via checked.be.