M&S DEBOUCHAGE: 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 DEBOUCHAGE
Largest movements
- Cash -€11,032
down €11,032 (-37.8%), from €29,165 to €18,133
mainly Investment in fixed assets (net) (-€20,880) and Net result for the year (-€14,213)
- Tangible fixed assets +€9,764
up €9,764 (+63.0%), from €15,510 to €25,274
of which Furniture and vehicles: +€13,500
- Receivables within one year +€9,400
up €9,400 (+4,973%), from €189 to €9,589
of which Other amounts receivable: +€5,587
- Financial fixed assets +€2,000
up €2,000, from €0 to €2,000
- Deferred charges and accrued income +€1,730
new in 2025: €1,730
- Profit (loss) carried forward -€14,213
down €14,213 (-56.5%), from €25,164 to €10,951
- Tax, wage and social debts +€13,838
up €13,838 (+1,140%), from €1,214 to €15,052
of which Remuneration and social security: +€8,416
- Debts after one year +€10,527
new in 2025: €10,527
- Other debts -€8,941
down €8,941 (-48.4%), from €18,486 to €9,545
- Current portion of long-term debt +€5,396
new in 2025: €5,396
- Turnover -€120,458
no longer reported in 2025 (was €120,458)
- Services and other goods -€56,014
no longer reported in 2025 (was €56,014)
- Gross operating margin +€49,351
new in 2025: €49,351
- Staff costs +€40,330
new in 2025: €40,330
- Goods and materials -€30,386
no longer reported in 2025 (was €30,386)
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 | €44,864 | €56,726 | +€11,862 | +26.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €15,510 | €27,274 | +€11,764 | +75.9% |
| Tangible fixed assets | 22/27 | €15,510 | €25,274 | +€9,764 | +63.0% |
| Plant, machinery and equipment | 23 | €10,000 | €6,264 | -€3,736 | -37.4% |
| Furniture and vehicles | 24 | €5,510 | €19,010 | +€13,500 | +245% |
| Financial fixed assets | 28 | €0 | €2,000 | +€2,000 | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Current assets | 29/58 | €29,354 | €29,452 | +€97 | +0.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €189 | €9,589 | +€9,400 | +4,973% |
| Trade receivables | 40 | - | €3,813 | +€3,813 | |
| Other amounts receivable | 41 | €189 | €5,776 | +€5,587 | +2,956% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,165 | €18,133 | -€11,032 | -37.8% |
| Deferred charges and accrued income | 490/1 | - | €1,730 | +€1,730 | |
| Total equity and liabilities | 10/49 | €44,864 | €56,726 | +€11,862 | +26.4% |
| Equity | 10/15 | €25,164 | €10,951 | -€14,213 | -56.5% |
| Profit (loss) carried forward | 14 | €25,164 | €10,951 | -€14,213 | -56.5% |
| Amounts payable | 17/49 | €19,700 | €45,774 | +€26,075 | +132% |
| Amounts payable after more than one year | 17 | - | €10,527 | +€10,527 | |
| Financial debts | 170/4 | - | €10,527 | +€10,527 | |
| Amounts payable within one year | 42/48 | €19,700 | €35,247 | +€15,547 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,396 | +€5,396 | |
| Trade debts | 44 | - | €5,254 | +€5,254 | |
| Suppliers | 440/4 | - | €5,254 | +€5,254 | |
| Taxes, remuneration and social security | 45 | €1,214 | €15,052 | +€13,838 | +1,140% |
| Taxes | 450/3 | €1,214 | €6,637 | +€5,423 | +447% |
| Remuneration and social security | 454/9 | - | €8,416 | +€8,416 | |
| Other amounts payable | 47/48 | €18,486 | €9,545 | -€8,941 | -48.4% |
| Operating income | 70/76A | €120,458 | - | -€120,458 | |
| Turnover | 70 | €120,458 | - | -€120,458 | |
| Operating charges | 60/66A | €95,241 | - | -€95,241 | |
| Goods for resale, raw materials and consumables | 60 | €30,386 | - | -€30,386 | |
| Purchases | 600/8 | €30,386 | - | -€30,386 | |
| Services and other goods | 61 | €56,014 | - | -€56,014 | |
| Remuneration, social security and pensions | 62 | - | €40,330 | +€40,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,778 | €9,116 | +€337 | +3.8% |
| Other operating charges | 640/8 | €63 | €7,048 | +€6,985 | +11,069% |
| Gross operating margin | 9900 | - | €49,351 | +€49,351 | |
| Operating profit (loss) | 9901 | €25,217 | -€7,142 | -€32,359 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €53 | €1,809 | +€1,756 | +3,336% |
| Recurring financial charges | 65 | €53 | €1,809 | +€1,756 | +3,336% |
| Other financial charges | 652/9 | €53 | - | -€53 | |
| Profit (loss) for the period before taxes | 9903 | €25,164 | -€8,931 | -€34,095 | |
| Income taxes | 67/77 | - | €5,282 | +€5,282 | |
| Profit (loss) for the period | 9904 | €25,164 | -€14,213 | -€39,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,164 | -€14,213 | -€39,377 |
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 26 October 2026 via checked.be.