2MS: 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.
2MS
Largest movements
- Cash +€141,551
up €141,551 (+84.4%), from €167,639 to €309,190
mainly Net result for the year (+€200,116) and Tax, wage and social debts (+€50,569)
- Tangible fixed assets +€77,896
up €77,896 (+41.7%), from €186,938 to €264,834
of which Other tangible fixed assets: +€68,461
- Intangible fixed assets -€24,000
down €24,000 (-33.2%), from €72,299 to €48,299
- Receivables within one year +€21,435
up €21,435 (+4.8%), from €443,320 to €464,756
of which Other amounts receivable: +€21,398
- Profit (loss) carried forward +€200,116
up €200,116 (+32.6%), from €613,133 to €813,249
- Tax, wage and social debts +€50,569
up €50,569 (+21.4%), from €236,835 to €287,403
of which Remuneration and social security: +€45,498
- Trade debts -€21,236
down €21,236 (-23.3%), from €90,948 to €69,712
- Staff costs +€166,537
up €166,537 (+96.0%), from €173,469 to €340,007
- Turnover +€119,853
up €119,853 (+7.3%), from €1.6m to €1.8m
- Gross operating margin +€95,725
up €95,725 (+15.9%), from €603,174 to €698,899
- Purchases and services +€23,689
up €23,689 (+2.2%), from €1.1m to €1.1m
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 | €1,006,173 | €1,224,567 | +€218,394 | +21.7% |
| Fixed assets | 21/28 | €353,495 | €407,391 | +€53,896 | +15.2% |
| Intangible fixed assets | 21 | €72,299 | €48,299 | -€24,000 | -33.2% |
| Tangible fixed assets | 22/27 | €186,938 | €264,834 | +€77,896 | +41.7% |
| Plant, machinery and equipment | 23 | €15,304 | €15,304 | = | 0.0% |
| Furniture and vehicles | 24 | €36,985 | €46,420 | +€9,435 | +25.5% |
| Other tangible fixed assets | 26 | €134,649 | €203,110 | +€68,461 | +50.8% |
| Financial fixed assets | 28 | €94,257 | €94,257 | = | 0.0% |
| Current assets | 29/58 | €652,678 | €817,176 | +€164,498 | +25.2% |
| Amounts receivable after more than one year | 29 | €39,500 | €39,500 | = | 0.0% |
| Other amounts receivable | 291 | €39,500 | €39,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €443,320 | €464,756 | +€21,435 | +4.8% |
| Trade receivables | 40 | €35 | €73 | +€38 | +107% |
| Other amounts receivable | 41 | €443,285 | €464,683 | +€21,398 | +4.8% |
| Cash at bank and in hand | 54/58 | €167,639 | €309,190 | +€141,551 | +84.4% |
| Deferred charges and accrued income | 490/1 | €2,220 | €3,731 | +€1,512 | +68.1% |
| Total equity and liabilities | 10/49 | €1,006,173 | €1,224,567 | +€218,394 | +21.7% |
| Equity | 10/15 | €633,133 | €833,249 | +€200,116 | +31.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €613,133 | €813,249 | +€200,116 | +32.6% |
| Amounts payable | 17/49 | €373,040 | €391,319 | +€18,278 | +4.9% |
| Amounts payable within one year | 42/48 | €373,040 | €391,319 | +€18,278 | +4.9% |
| Trade debts | 44 | €90,948 | €69,712 | -€21,236 | -23.3% |
| Suppliers | 440/4 | €90,948 | €69,712 | -€21,236 | -23.3% |
| Taxes, remuneration and social security | 45 | €236,835 | €287,403 | +€50,569 | +21.4% |
| Taxes | 450/3 | €180,809 | €185,880 | +€5,070 | +2.8% |
| Remuneration and social security | 454/9 | €56,025 | €101,524 | +€45,498 | +81.2% |
| Other amounts payable | 47/48 | €45,257 | €34,204 | -€11,054 | -24.4% |
| Turnover | 70 | €1,637,534 | €1,757,387 | +€119,853 | +7.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,054,213 | €1,077,902 | +€23,689 | +2.2% |
| Remuneration, social security and pensions | 62 | €173,469 | €340,007 | +€166,537 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,887 | €47,256 | -€631 | -1.3% |
| Other operating charges | 640/8 | €36,118 | €44,500 | +€8,382 | +23.2% |
| Gross operating margin | 9900 | €603,174 | €698,899 | +€95,725 | +15.9% |
| Operating profit (loss) | 9901 | €345,700 | €267,137 | -€78,563 | -22.7% |
| Financial charges | 65/66B | €666 | €316 | -€351 | -52.6% |
| Recurring financial charges | 65 | €666 | €316 | -€351 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €345,034 | €266,821 | -€78,213 | -22.7% |
| Income taxes | 67/77 | €81,258 | €66,705 | -€14,553 | -17.9% |
| Profit (loss) for the period | 9904 | €263,775 | €200,116 | -€63,660 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €263,775 | €200,116 | -€63,660 | -24.1% |
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 16 October 2026 via checked.be.