M.L.S. PRO: what changed
M.L.S. PRO
Largest movements
- Receivables within one year -€27,465
down €27,465 (-46.4%), from €59,232 to €31,767
of which Trade receivables: -€17,512
- Tangible fixed assets +€16,885
up €16,885 (+95.7%), from €17,640 to €34,526
of which Furniture and vehicles: +€15,979
- Cash +€15,151
up €15,151 (+54.5%), from €27,785 to €42,936
mainly Receivables within one year (+€27,465) and Depreciation (+€10,768)
- Debts after one year +€9,721
up €9,721 (+214%), from €4,552 to €14,273
- Current portion of long-term debt +€4,966
up €4,966 (+227%), from €2,188 to €7,153
- Profit (loss) carried forward -€4,365
down €4,365 (-3.6%), from €121,236 to €116,871
- Other debts -€4,346
down €4,346 (-42.8%), from €10,158 to €5,812
- Trade debts +€2,003
up €2,003 (+17.6%), from €11,349 to €13,352
- Gross operating margin -€18,690
down €18,690 (-55.7%), from €33,555 to €14,865
- Staff costs -€8,726
down €8,726 (-100%), from €8,726 to €0
- Other operating charges -€3,843
down €3,843 (-55.5%), from €6,923 to €3,080
- Depreciation +€2,917
up €2,917 (+37.1%), from €7,851 to €10,768
- Taxes -€1,569
down €1,569 (-48.9%), from €3,211 to €1,642
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,966 | €162,558 | +€6,592 | +4.2% |
| Fixed assets | 21/28 | €19,140 | €36,026 | +€16,885 | +88.2% |
| Tangible fixed assets | 22/27 | €17,640 | €34,526 | +€16,885 | +95.7% |
| Plant, machinery and equipment | 23 | €5,218 | €6,124 | +€906 | +17.4% |
| Furniture and vehicles | 24 | €12,422 | €28,402 | +€15,979 | +129% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €136,825 | €126,532 | -€10,293 | -7.5% |
| Stocks and contracts in progress | 3 | €28,036 | €28,952 | +€917 | +3.3% |
| Stocks | 30/36 | €28,036 | €28,952 | +€917 | +3.3% |
| Amounts receivable within one year | 40/41 | €59,232 | €31,767 | -€27,465 | -46.4% |
| Trade receivables | 40 | €39,525 | €22,013 | -€17,512 | -44.3% |
| Other amounts receivable | 41 | €19,707 | €9,754 | -€9,953 | -50.5% |
| Cash at bank and in hand | 54/58 | €27,785 | €42,936 | +€15,151 | +54.5% |
| Deferred charges and accrued income | 490/1 | €21,773 | €22,877 | +€1,104 | +5.1% |
| Total equity and liabilities | 10/49 | €155,966 | €162,558 | +€6,592 | +4.2% |
| Equity | 10/15 | €125,082 | €120,717 | -€4,365 | -3.5% |
| Contributions | 10/11 | €750 | €1,500 | +€750 | +100% |
| Reserves | 13 | €3,096 | €2,346 | -€750 | -24.2% |
| Non-distributable reserves | 130/1 | €750 | - | -€750 | |
| Reserves not available under the articles | 1311 | €750 | - | -€750 | |
| Distributable reserves | 133 | €2,346 | €2,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,236 | €116,871 | -€4,365 | -3.6% |
| Amounts payable | 17/49 | €30,884 | €41,841 | +€10,957 | +35.5% |
| Amounts payable after more than one year | 17 | €4,552 | €14,273 | +€9,721 | +214% |
| Financial debts | 170/4 | €4,552 | €14,273 | +€9,721 | +214% |
| Amounts payable within one year | 42/48 | €25,622 | €27,568 | +€1,946 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €2,188 | €7,153 | +€4,966 | +227% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,349 | €13,352 | +€2,003 | +17.6% |
| Suppliers | 440/4 | €11,349 | €13,352 | +€2,003 | +17.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,927 | €1,250 | -€677 | -35.1% |
| Taxes | 450/3 | €1,927 | €1,250 | -€677 | -35.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,158 | €5,812 | -€4,346 | -42.8% |
| Accrued charges and deferred income | 492/3 | €710 | €0 | -€710 | -100% |
| Remuneration, social security and pensions | 62 | €8,726 | €0 | -€8,726 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,851 | €10,768 | +€2,917 | +37.1% |
| Other operating charges | 640/8 | €6,923 | €3,080 | -€3,843 | -55.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,555 | €14,865 | -€18,690 | -55.7% |
| Operating profit (loss) | 9901 | €10,054 | €1,016 | -€9,038 | -89.9% |
| Financial income | 75/76B | €679 | €399 | -€280 | -41.3% |
| Recurring financial income | 75 | €679 | €399 | -€280 | -41.3% |
| Financial charges | 65/66B | €4,427 | €4,138 | -€289 | -6.5% |
| Recurring financial charges | 65 | €4,427 | €4,138 | -€289 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €6,306 | -€2,723 | -€9,029 | |
| Income taxes | 67/77 | €3,211 | €1,642 | -€1,569 | -48.9% |
| Profit (loss) for the period | 9904 | €3,096 | -€4,365 | -€7,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,096 | -€4,365 | -€7,460 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.