MS-design: 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.
MS-design
Largest movements
- Cash -€11,782
down €11,782 (-36.6%), from €32,197 to €20,415
mainly Trade debts (-€10,682) and Other debts (-€5,315)
- Tangible fixed assets -€4,748
down €4,748 (-97.0%), from €4,897 to €149
- Receivables within one year -€3,559
down €3,559 (-17.2%), from €20,752 to €17,192
of which Trade receivables: -€4,812
- Trade debts -€10,682
down €10,682 (-83.2%), from €12,839 to €2,156
- Other debts -€5,315
down €5,315 (-17.4%), from €30,531 to €25,216
- Profit (loss) carried forward -€2,851
down €2,851 (-40.9%), from -€6,963 to -€9,814
- Tax, wage and social debts -€1,222
down €1,222 (-83.5%), from €1,462 to €241
- Gross operating margin -€4,974
down €4,974 (-64.8%), from €7,679 to €2,705
- Financial charges -€1,253
down €1,253 (-88.5%), from €1,415 to €162
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 | €58,320 | €38,251 | -€20,069 | -34.4% |
| Fixed assets | 21/28 | €4,897 | €149 | -€4,748 | -97.0% |
| Tangible fixed assets | 22/27 | €4,897 | €149 | -€4,748 | -97.0% |
| Furniture and vehicles | 24 | €4,897 | €149 | -€4,748 | -97.0% |
| Current assets | 29/58 | €53,424 | €38,102 | -€15,321 | -28.7% |
| Amounts receivable within one year | 40/41 | €20,752 | €17,192 | -€3,559 | -17.2% |
| Trade receivables | 40 | €19,487 | €14,674 | -€4,812 | -24.7% |
| Other amounts receivable | 41 | €1,265 | €2,518 | +€1,253 | +99.1% |
| Cash at bank and in hand | 54/58 | €32,197 | €20,415 | -€11,782 | -36.6% |
| Deferred charges and accrued income | 490/1 | €475 | €494 | +€19 | +4.1% |
| Total equity and liabilities | 10/49 | €58,320 | €38,251 | -€20,069 | -34.4% |
| Equity | 10/15 | €13,488 | €10,637 | -€2,851 | -21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,963 | -€9,814 | -€2,851 | -40.9% |
| Amounts payable | 17/49 | €44,832 | €27,613 | -€17,219 | -38.4% |
| Amounts payable within one year | 42/48 | €44,832 | €27,613 | -€17,219 | -38.4% |
| Trade debts | 44 | €12,839 | €2,156 | -€10,682 | -83.2% |
| Suppliers | 440/4 | €12,839 | €2,156 | -€10,682 | -83.2% |
| Taxes, remuneration and social security | 45 | €1,462 | €241 | -€1,222 | -83.5% |
| Taxes | 450/3 | €1,462 | €241 | -€1,222 | -83.5% |
| Other amounts payable | 47/48 | €30,531 | €25,216 | -€5,315 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,748 | €4,748 | = | 0.0% |
| Other operating charges | 640/8 | €642 | €646 | +€4 | +0.6% |
| Non-recurring operating charges | 66A | €10,749 | - | -€10,749 | |
| Gross operating margin | 9900 | €7,679 | €2,705 | -€4,974 | -64.8% |
| Operating profit (loss) | 9901 | -€8,460 | -€2,689 | +€5,771 | +68.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,415 | €162 | -€1,253 | -88.5% |
| Recurring financial charges | 65 | €1,415 | €162 | -€1,253 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,875 | -€2,851 | +€7,024 | +71.1% |
| Profit (loss) for the period | 9904 | -€9,875 | -€2,851 | +€7,024 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,875 | -€2,851 | +€7,024 | +71.1% |
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 29 October 2026 via checked.be.