M.S. CARE: 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. CARE
Largest movements
- Receivables within one year +€49,167
up €49,167 (+48.9%), from €100,603 to €149,770
of which Other amounts receivable: +€43,454
- Cash -€4,900
down €4,900 (-95.6%), from €5,127 to €227
mainly Receivables within one year (-€49,167) and Trade debts (-€6,057)
- Deferred charges and accrued income +€2,198
up €2,198 (+50.6%), from €4,347 to €6,545
- Profit (loss) carried forward +€48,916
up €48,916 (+67.2%), from €72,809 to €121,725
- Trade debts -€6,057
down €6,057 (-91.0%), from €6,653 to €596
- Tax, wage and social debts +€3,605
up €3,605 (+14.1%), from €25,615 to €29,221
of which Taxes: +€5,186
- Gross operating margin +€38,321
up €38,321 (+135%), from €28,362 to €66,683
- Taxes +€10,067
up €10,067 (+106%), from €9,489 to €19,556
- Financial income +€2,198
up €2,198 (+50.6%), from €4,347 to €6,545
- Other operating charges +€1,035
up €1,035 (+43.6%), from €2,374 to €3,409
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 | €110,077 | €156,542 | +€46,465 | +42.2% |
| Current assets | 29/58 | €110,077 | €156,542 | +€46,465 | +42.2% |
| Amounts receivable within one year | 40/41 | €100,603 | €149,770 | +€49,167 | +48.9% |
| Trade receivables | 40 | €4,829 | €10,542 | +€5,713 | +118% |
| Other amounts receivable | 41 | €95,774 | €139,228 | +€43,454 | +45.4% |
| Cash at bank and in hand | 54/58 | €5,127 | €227 | -€4,900 | -95.6% |
| Deferred charges and accrued income | 490/1 | €4,347 | €6,545 | +€2,198 | +50.6% |
| Total equity and liabilities | 10/49 | €110,077 | €156,542 | +€46,465 | +42.2% |
| Equity | 10/15 | €77,809 | €126,725 | +€48,916 | +62.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,809 | €121,725 | +€48,916 | +67.2% |
| Amounts payable | 17/49 | €32,268 | €29,817 | -€2,451 | -7.6% |
| Amounts payable within one year | 42/48 | €32,268 | €29,817 | -€2,451 | -7.6% |
| Trade debts | 44 | €6,653 | €596 | -€6,057 | -91.0% |
| Suppliers | 440/4 | €6,653 | €596 | -€6,057 | -91.0% |
| Taxes, remuneration and social security | 45 | €25,615 | €29,221 | +€3,605 | +14.1% |
| Taxes | 450/3 | €24,035 | €29,221 | +€5,186 | +21.6% |
| Remuneration and social security | 454/9 | €1,581 | - | -€1,581 | |
| Remuneration, social security and pensions | 62 | €756 | €1,157 | +€401 | +53.1% |
| Other operating charges | 640/8 | €2,374 | €3,409 | +€1,035 | +43.6% |
| Gross operating margin | 9900 | €28,362 | €66,683 | +€38,321 | +135% |
| Operating profit (loss) | 9901 | €25,232 | €62,117 | +€36,885 | +146% |
| Financial income | 75/76B | €4,347 | €6,545 | +€2,198 | +50.6% |
| Recurring financial income | 75 | €4,347 | €6,545 | +€2,198 | +50.6% |
| Financial charges | 65/66B | €230 | €188 | -€41 | -17.9% |
| Recurring financial charges | 65 | €230 | €188 | -€41 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €29,349 | €68,473 | +€39,124 | +133% |
| Income taxes | 67/77 | €9,489 | €19,556 | +€10,067 | +106% |
| Profit (loss) for the period | 9904 | €19,860 | €48,916 | +€29,057 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €19,860 | €48,916 | +€29,057 | +146% |
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 22 October 2026 via checked.be.