M&S OFFICES: 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 OFFICES
Largest movements
- Tangible fixed assets -€15,736
down €15,736 (-48.9%), from €32,208 to €16,472
- Receivables within one year +€10,360
up €10,360 (+77.3%), from €13,404 to €23,764
- Cash +€8,894
up €8,894 (+42.0%), from €21,178 to €30,073
mainly Depreciation (+€15,736) and Tax, wage and social debts (+€12,769)
- Trade debts -€18,222
down €18,222 (-82.0%), from €22,221 to €3,999
- Tax, wage and social debts +€12,769
up €12,769 (+205%), from €6,227 to €18,997
of which Remuneration and social security: +€12,695
- Advances received +€4,861
new in 2025: €4,861
- Profit (loss) carried forward +€2,877
up €2,877 (+19.1%), from €15,083 to €17,960
- Other debts +€1,234
up €1,234 (+26.5%), from €4,659 to €5,892
- Turnover -€108,694
no longer reported in 2025 (was €108,694)
- Purchases and services -€83,970
no longer reported in 2025 (was €83,970)
- Other operating charges -€3,501
down €3,501 (-68.4%), from €5,120 to €1,619
- Financial charges +€3,424
up €3,424 (+2,747%), from €125 to €3,549
- Depreciation +€2,135
up €2,135 (+15.7%), from €13,601 to €15,736
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 | €66,790 | €70,309 | +€3,519 | +5.3% |
| Fixed assets | 21/28 | €32,208 | €16,472 | -€15,736 | -48.9% |
| Tangible fixed assets | 22/27 | €32,208 | €16,472 | -€15,736 | -48.9% |
| Furniture and vehicles | 24 | €32,208 | €16,472 | -€15,736 | -48.9% |
| Current assets | 29/58 | €34,582 | €53,837 | +€19,255 | +55.7% |
| Amounts receivable within one year | 40/41 | €13,404 | €23,764 | +€10,360 | +77.3% |
| Trade receivables | 40 | €13,404 | €23,764 | +€10,360 | +77.3% |
| Cash at bank and in hand | 54/58 | €21,178 | €30,073 | +€8,894 | +42.0% |
| Total equity and liabilities | 10/49 | €66,790 | €70,309 | +€3,519 | +5.3% |
| Equity | 10/15 | €33,683 | €36,560 | +€2,877 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,083 | €17,960 | +€2,877 | +19.1% |
| Amounts payable | 17/49 | €33,107 | €33,748 | +€641 | +1.9% |
| Amounts payable within one year | 42/48 | €33,107 | €33,748 | +€641 | +1.9% |
| Trade debts | 44 | €22,221 | €3,999 | -€18,222 | -82.0% |
| Suppliers | 440/4 | €22,221 | €3,999 | -€18,222 | -82.0% |
| Advances received on contracts in progress | 46 | - | €4,861 | +€4,861 | |
| Taxes, remuneration and social security | 45 | €6,227 | €18,997 | +€12,769 | +205% |
| Taxes | 450/3 | €1,827 | €1,901 | +€74 | +4.0% |
| Remuneration and social security | 454/9 | €4,400 | €17,095 | +€12,695 | +289% |
| Other amounts payable | 47/48 | €4,659 | €5,892 | +€1,234 | +26.5% |
| Turnover | 70 | €108,694 | - | -€108,694 | |
| Goods, raw materials, services and sundry goods | 60/61 | €83,970 | - | -€83,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,601 | €15,736 | +€2,135 | +15.7% |
| Other operating charges | 640/8 | €5,120 | €1,619 | -€3,501 | -68.4% |
| Non-recurring operating charges | 66A | - | €350 | +€350 | |
| Gross operating margin | 9900 | €24,724 | €24,131 | -€593 | -2.4% |
| Operating profit (loss) | 9901 | €6,003 | €6,426 | +€423 | +7.0% |
| Financial charges | 65/66B | €125 | €3,549 | +€3,424 | +2,747% |
| Recurring financial charges | 65 | €125 | €3,549 | +€3,424 | +2,747% |
| Profit (loss) for the period before taxes | 9903 | €5,878 | €2,877 | -€3,001 | -51.1% |
| Profit (loss) for the period | 9904 | €5,878 | €2,877 | -€3,001 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,878 | €2,877 | -€3,001 | -51.1% |
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.