M&S BRUSSELS: 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.
M&S BRUSSELS
Largest movements
- Receivables within one year +€7,587
up €7,587 (+46.5%), from €16,324 to €23,911
of which Other amounts receivable: +€8,891
- Cash -€5,750
down €5,750 (-67.2%), from €8,563 to €2,813
mainly Receivables within one year (-€7,587)
- Trade debts +€1,173
up €1,173 (+86.7%), from €1,353 to €2,525
- Profit (loss) carried forward +€664
up €664 (+3.8%), from €17,334 to €17,999
- Gross operating margin -€12,555
down €12,555 (-92.7%), from €13,548 to €992
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 | €24,887 | €26,724 | +€1,837 | +7.4% |
| Current assets | 29/58 | €24,887 | €26,724 | +€1,837 | +7.4% |
| Amounts receivable within one year | 40/41 | €16,324 | €23,911 | +€7,587 | +46.5% |
| Trade receivables | 40 | €3,551 | €2,247 | -€1,304 | -36.7% |
| Other amounts receivable | 41 | €12,772 | €21,663 | +€8,891 | +69.6% |
| Cash at bank and in hand | 54/58 | €8,563 | €2,813 | -€5,750 | -67.2% |
| Total equity and liabilities | 10/49 | €24,887 | €26,724 | +€1,837 | +7.4% |
| Equity | 10/15 | €23,534 | €24,199 | +€664 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,334 | €17,999 | +€664 | +3.8% |
| Amounts payable | 17/49 | €1,353 | €2,525 | +€1,173 | +86.7% |
| Amounts payable within one year | 42/48 | €1,353 | €2,525 | +€1,173 | +86.7% |
| Trade debts | 44 | €1,353 | €2,525 | +€1,173 | +86.7% |
| Suppliers | 440/4 | €1,353 | €2,525 | +€1,173 | +86.7% |
| Gross operating margin | 9900 | €13,548 | €992 | -€12,555 | -92.7% |
| Operating profit (loss) | 9901 | €13,548 | €992 | -€12,555 | -92.7% |
| Financial charges | 65/66B | €262 | €328 | +€66 | +25.4% |
| Recurring financial charges | 65 | €262 | €328 | +€66 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €13,286 | €664 | -€12,622 | -95.0% |
| Profit (loss) for the period | 9904 | €13,286 | €664 | -€12,622 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,286 | €664 | -€12,622 | -95.0% |
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 20 October 2026 via checked.be.