CLEAN SERVICES-MSM: what changed
Two fiscal 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.
CLEAN SERVICES-MSM
Largest movements
- Receivables within one year -€70,543
down €70,543 (-51.0%), from €138,200 to €67,657
of which Trade receivables: -€59,963
- Cash -€67,526
down €67,526 (-32.4%), from €208,536 to €141,010
mainly Net result for the year (-€134,885) and Tax, wage and social debts (-€9,212)
- Profit (loss) carried forward -€134,885
down €134,885 (-84.1%), from €160,411 to €25,526
- Tax, wage and social debts -€9,212
down €9,212 (-6.9%), from €133,599 to €124,387
- Trade debts +€4,593
up €4,593 (+17.2%), from €26,776 to €31,369
- Gross operating margin -€271,640
down €271,640 (-22.9%), from €1.2m to €915,439
- Staff costs -€83,920
down €83,920 (-7.6%), from €1.1m to €1.0m
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 | €351,585 | €212,440 | -€139,145 | -39.6% |
| Fixed assets | 21/28 | €4,849 | €3,773 | -€1,076 | -22.2% |
| Tangible fixed assets | 22/27 | €3,609 | €2,533 | -€1,076 | -29.8% |
| Furniture and vehicles | 24 | €3,609 | €2,533 | -€1,076 | -29.8% |
| Financial fixed assets | 28 | €1,240 | €1,240 | = | 0.0% |
| Current assets | 29/58 | €346,736 | €208,667 | -€138,069 | -39.8% |
| Amounts receivable within one year | 40/41 | €138,200 | €67,657 | -€70,543 | -51.0% |
| Trade receivables | 40 | €127,620 | €67,657 | -€59,963 | -47.0% |
| Other amounts receivable | 41 | €10,580 | - | -€10,580 | |
| Cash at bank and in hand | 54/58 | €208,536 | €141,010 | -€67,526 | -32.4% |
| Total equity and liabilities | 10/49 | €351,585 | €212,440 | -€139,145 | -39.6% |
| Equity | 10/15 | €180,871 | €45,986 | -€134,885 | -74.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,411 | €25,526 | -€134,885 | -84.1% |
| Amounts payable | 17/49 | €170,714 | €166,454 | -€4,260 | -2.5% |
| Amounts payable within one year | 42/48 | €170,714 | €166,454 | -€4,260 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €26,776 | €31,369 | +€4,593 | +17.2% |
| Suppliers | 440/4 | €26,776 | €31,369 | +€4,593 | +17.2% |
| Taxes, remuneration and social security | 45 | €133,599 | €124,387 | -€9,212 | -6.9% |
| Remuneration and social security | 454/9 | €133,599 | €124,387 | -€9,212 | -6.9% |
| Other amounts payable | 47/48 | €339 | €698 | +€359 | +105.9% |
| Remuneration, social security and pensions | 62 | €1,098,935 | €1,015,015 | -€83,920 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,076 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €519 | +€519 | |
| Other operating charges | 640/8 | €601 | €4,956 | +€4,355 | +724.6% |
| Gross operating margin | 9900 | €1,187,079 | €915,439 | -€271,640 | -22.9% |
| Operating profit (loss) | 9901 | €86,467 | -€106,127 | -€192,594 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,571 | €1,701 | +€130 | +8.3% |
| Recurring financial charges | 65 | €1,571 | €1,701 | +€130 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €84,899 | -€107,828 | -€192,727 | |
| Income taxes | 67/77 | €19,226 | €27,057 | +€7,831 | +40.7% |
| Profit (loss) for the period | 9904 | €65,673 | -€134,885 | -€200,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,673 | -€134,885 | -€200,558 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.