M&S IDEAL CONSTRUCT: 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 IDEAL CONSTRUCT
Largest movements
- Tangible fixed assets -€12,162
down €12,162 (-70.6%), from €17,223 to €5,061
- Receivables within one year +€11,159
up €11,159 (+72.9%), from €15,304 to €26,463
of which Other amounts receivable: +€10,856
- Stocks and contracts -€4,719
down €4,719 (-36.5%), from €12,943 to €8,225
- Cash -€1,613
down €1,613 (-19.8%), from €8,163 to €6,550
mainly Receivables within one year (-€11,159) and Debts after one year (-€8,161)
- Financial fixed assets +€1,375
new in 2025: €1,375
- Reserves +€10,000
up €10,000 (+181%), from €5,540 to €15,540
- Debts after one year -€8,161
down €8,161 (-38.5%), from €21,190 to €13,029
- Tax, wage and social debts -€6,064
down €6,064 (-48.7%), from €12,446 to €6,381
of which Taxes: -€4,656
- Trade debts -€2,817
down €2,817 (-58.2%), from €4,841 to €2,024
- Staff costs -€18,014
down €18,014 (-98.2%), from €18,343 to €329
- Gross operating margin +€5,749
up €5,749 (+22.5%), from €25,500 to €31,248
- Taxes +€4,143
up €4,143 (+1,533%), from €270 to €4,413
- Financial charges -€1,259
down €1,259 (-26.2%), from €4,812 to €3,553
- Depreciation -€651
down €651 (-5.1%), from €12,813 to €12,162
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 | €54,303 | €47,673 | -€6,630 | -12.2% |
| Fixed assets | 21/28 | €17,223 | €6,436 | -€10,787 | -62.6% |
| Tangible fixed assets | 22/27 | €17,223 | €5,061 | -€12,162 | -70.6% |
| Furniture and vehicles | 24 | €17,223 | €5,061 | -€12,162 | -70.6% |
| Financial fixed assets | 28 | - | €1,375 | +€1,375 | |
| Current assets | 29/58 | €37,080 | €41,237 | +€4,157 | +11.2% |
| Stocks and contracts in progress | 3 | €12,943 | €8,225 | -€4,719 | -36.5% |
| Stocks | 30/36 | €12,943 | €8,225 | -€4,719 | -36.5% |
| Amounts receivable within one year | 40/41 | €15,304 | €26,463 | +€11,159 | +72.9% |
| Trade receivables | 40 | €1,296 | €1,598 | +€302 | +23.3% |
| Other amounts receivable | 41 | €14,009 | €24,865 | +€10,856 | +77.5% |
| Cash at bank and in hand | 54/58 | €8,163 | €6,550 | -€1,613 | -19.8% |
| Deferred charges and accrued income | 490/1 | €669 | - | -€669 | |
| Total equity and liabilities | 10/49 | €54,303 | €47,673 | -€6,630 | -12.2% |
| Equity | 10/15 | €8,062 | €18,077 | +€10,016 | +124% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,540 | €15,540 | +€10,000 | +181% |
| Distributable reserves | 133 | €5,540 | €15,540 | +€10,000 | +181% |
| Profit (loss) carried forward | 14 | €22 | €37 | +€16 | +71.9% |
| Amounts payable | 17/49 | €46,241 | €29,596 | -€16,645 | -36.0% |
| Amounts payable after more than one year | 17 | €21,190 | €13,029 | -€8,161 | -38.5% |
| Financial debts | 170/4 | €21,190 | €13,029 | -€8,161 | -38.5% |
| Amounts payable within one year | 42/48 | €25,051 | €16,567 | -€8,484 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €7,765 | €8,161 | +€396 | +5.1% |
| Trade debts | 44 | €4,841 | €2,024 | -€2,817 | -58.2% |
| Suppliers | 440/4 | €4,841 | €2,024 | -€2,817 | -58.2% |
| Taxes, remuneration and social security | 45 | €12,446 | €6,381 | -€6,064 | -48.7% |
| Taxes | 450/3 | €11,037 | €6,381 | -€4,656 | -42.2% |
| Remuneration and social security | 454/9 | €1,408 | - | -€1,408 | |
| Remuneration, social security and pensions | 62 | €18,343 | €329 | -€18,014 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,813 | €12,162 | -€651 | -5.1% |
| Other operating charges | 640/8 | €443 | €776 | +€333 | +75.1% |
| Gross operating margin | 9900 | €25,500 | €31,248 | +€5,749 | +22.5% |
| Operating profit (loss) | 9901 | -€6,099 | €17,981 | +€24,080 | |
| Financial charges | 65/66B | €4,812 | €3,553 | -€1,259 | -26.2% |
| Recurring financial charges | 65 | €4,812 | €3,553 | -€1,259 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,911 | €14,428 | +€25,340 | |
| Income taxes | 67/77 | €270 | €4,413 | +€4,143 | +1,533% |
| Profit (loss) for the period | 9904 | -€11,182 | €10,016 | +€21,197 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,182 | €10,016 | +€21,197 |
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 13 October 2026 via checked.be.