M-S SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets -€16,211
down €16,211 (-58.8%), from €27,573 to €11,363
- Receivables after one year +€14,422
new in 2025: €14,422
- Receivables within one year -€11,169
down €11,169 (-96.7%), from €11,545 to €376
- Deferred charges and accrued income -€1,423
no longer reported in 2025 (was €1,423)
- Tax, wage and social debts -€6,154
no longer reported in 2025 (was €6,154)
of which Taxes: -€4,154
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Profit (loss) carried forward -€2,835
down €2,835 (-25.9%), from €10,945 to €8,110
- Staff costs +€10,632
new in 2025: €10,632
- Depreciation -€7,204
down €7,204 (-81.3%), from €8,857 to €1,653
- Purchases and services -€5,265
down €5,265 (-10.5%), from €50,354 to €45,090
- Gross operating margin +€1,303
up €1,303 (+14.9%), from €8,753 to €10,056
- Other operating charges -€802
down €802 (-72.1%), from €1,114 to €311
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.
Cash bridge derived
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 | €52,660 | €37,824 | -€14,836 | -28.2% |
| Fixed assets | 21/28 | €27,783 | €11,573 | -€16,211 | -58.3% |
| Tangible fixed assets | 22/27 | €27,573 | €11,363 | -€16,211 | -58.8% |
| Furniture and vehicles | 24 | €27,573 | €11,363 | -€16,211 | -58.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €24,876 | €26,252 | +€1,375 | +5.5% |
| Amounts receivable after more than one year | 29 | - | €14,422 | +€14,422 | |
| Trade receivables | 290 | - | €14,422 | +€14,422 | |
| Amounts receivable within one year | 40/41 | €11,545 | €376 | -€11,169 | -96.7% |
| Other amounts receivable | 41 | €11,545 | €376 | -€11,169 | -96.7% |
| Cash at bank and in hand | 54/58 | €11,907 | €11,453 | -€454 | -3.8% |
| Deferred charges and accrued income | 490/1 | €1,423 | - | -€1,423 | |
| Total equity and liabilities | 10/49 | €52,660 | €37,824 | -€14,836 | -28.2% |
| Equity | 10/15 | €40,405 | €37,570 | -€2,835 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,945 | €8,110 | -€2,835 | -25.9% |
| Amounts payable | 17/49 | €12,254 | €254 | -€12,000 | -97.9% |
| Amounts payable within one year | 42/48 | €12,254 | €254 | -€12,000 | -97.9% |
| Trade debts | 44 | €100 | €254 | +€154 | +153.8% |
| Suppliers | 440/4 | €100 | €254 | +€154 | +153.8% |
| Taxes, remuneration and social security | 45 | €6,154 | - | -€6,154 | |
| Taxes | 450/3 | €4,154 | - | -€4,154 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €50,354 | €45,090 | -€5,265 | -10.5% |
| Remuneration, social security and pensions | 62 | - | €10,632 | +€10,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,857 | €1,653 | -€7,204 | -81.3% |
| Other operating charges | 640/8 | €1,114 | €311 | -€802 | -72.1% |
| Gross operating margin | 9900 | €8,753 | €10,056 | +€1,303 | +14.9% |
| Operating profit (loss) | 9901 | -€1,217 | -€2,540 | -€1,323 | -108.7% |
| Financial income | 75/76B | €1,407 | €912 | -€495 | -35.2% |
| Recurring financial income | 75 | €1,407 | €912 | -€495 | -35.2% |
| Financial charges | 65/66B | €716 | €461 | -€255 | -35.6% |
| Recurring financial charges | 65 | €716 | €461 | -€255 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€526 | -€2,090 | -€1,563 | -297.0% |
| Income taxes | 67/77 | €119 | €745 | +€626 | +524.3% |
| Profit (loss) for the period | 9904 | -€646 | -€2,835 | -€2,189 | -339.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€646 | -€2,835 | -€2,189 | -339.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.