M&S LAWFIRM: 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 LAWFIRM
Largest movements
- Cash +€92,367
up €92,367 (+53.1%), from €173,938 to €266,305
mainly Trade debts (+€84,053) and Receivables within one year (+€61,387)
- Receivables within one year -€61,387
down €61,387 (-46.7%), from €131,410 to €70,024
of which Trade receivables: -€33,188
- Tangible fixed assets +€8,789
up €8,789 (+1,167%), from €753 to €9,542
- Trade debts +€84,053
up €84,053 (+49.1%), from €171,292 to €255,345
- Other debts -€23,579
no longer reported in 2025 (was €23,579)
- Tax, wage and social debts -€21,051
down €21,051 (-57.3%), from €36,768 to €15,717
of which Taxes: -€21,266
- Gross operating margin +€5,649
up €5,649 (+9.3%), from €60,833 to €66,482
- Staff costs +€2,983
up €2,983 (+5.4%), from €55,296 to €58,279
- Write-downs +€2,485
new in 2025: €2,485
- Other operating charges +€1,225
up €1,225 (+316%), from €387 to €1,612
- Depreciation +€910
up €910 (+144%), from €630 to €1,540
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 | €307,504 | €347,373 | +€39,869 | +13.0% |
| Fixed assets | 21/28 | €753 | €9,542 | +€8,789 | +1,167% |
| Tangible fixed assets | 22/27 | €753 | €9,542 | +€8,789 | +1,167% |
| Furniture and vehicles | 24 | €753 | €9,542 | +€8,789 | +1,167% |
| Current assets | 29/58 | €306,751 | €337,831 | +€31,080 | +10.1% |
| Amounts receivable within one year | 40/41 | €131,410 | €70,024 | -€61,387 | -46.7% |
| Trade receivables | 40 | €100,556 | €67,368 | -€33,188 | -33.0% |
| Other amounts receivable | 41 | €30,854 | €2,655 | -€28,199 | -91.4% |
| Cash at bank and in hand | 54/58 | €173,938 | €266,305 | +€92,367 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,403 | €1,503 | +€100 | +7.2% |
| Total equity and liabilities | 10/49 | €307,504 | €347,373 | +€39,869 | +13.0% |
| Equity | 10/15 | €75,865 | €76,312 | +€447 | +0.6% |
| Contributions | 10/11 | €18,574 | €18,574 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | - | -€7,000 | |
| Reserves not available under the articles | 1311 | €7,000 | - | -€7,000 | |
| Distributable reserves | 133 | - | €7,000 | +€7,000 | |
| Profit (loss) carried forward | 14 | €50,291 | €50,738 | +€447 | +0.9% |
| Amounts payable | 17/49 | €231,639 | €271,062 | +€39,422 | +17.0% |
| Amounts payable within one year | 42/48 | €231,639 | €271,062 | +€39,422 | +17.0% |
| Trade debts | 44 | €171,292 | €255,345 | +€84,053 | +49.1% |
| Suppliers | 440/4 | €171,292 | €255,345 | +€84,053 | +49.1% |
| Taxes, remuneration and social security | 45 | €36,768 | €15,717 | -€21,051 | -57.3% |
| Taxes | 450/3 | €30,718 | €9,452 | -€21,266 | -69.2% |
| Remuneration and social security | 454/9 | €6,050 | €6,265 | +€215 | +3.6% |
| Other amounts payable | 47/48 | €23,579 | - | -€23,579 | |
| Remuneration, social security and pensions | 62 | €55,296 | €58,279 | +€2,983 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €1,540 | +€910 | +144% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,485 | +€2,485 | |
| Other operating charges | 640/8 | €387 | €1,612 | +€1,225 | +316% |
| Gross operating margin | 9900 | €60,833 | €66,482 | +€5,649 | +9.3% |
| Operating profit (loss) | 9901 | €4,520 | €2,566 | -€1,954 | -43.2% |
| Financial charges | 65/66B | €522 | €529 | +€7 | +1.3% |
| Recurring financial charges | 65 | €522 | €529 | +€7 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €3,998 | €2,037 | -€1,960 | -49.0% |
| Income taxes | 67/77 | €2,000 | €1,590 | -€410 | -20.5% |
| Profit (loss) for the period | 9904 | €1,998 | €447 | -€1,551 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,998 | €447 | -€1,551 | -77.6% |
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 30 October 2026 via checked.be.