M&S SUPPLIES: 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 SUPPLIES
Largest movements
- Stocks and contracts -€53,521
down €53,521 (-22.3%), from €240,020 to €186,499
- Cash -€30,332
down €30,332 (-41.7%), from €72,808 to €42,476
mainly Net result for the year (-€65,440) and Other debts (-€39,060)
- Receivables within one year -€15,276
down €15,276 (-15.2%), from €100,464 to €85,188
of which Other amounts receivable: -€20,946
- Tangible fixed assets -€10,868
down €10,868 (-1.8%), from €588,949 to €578,081
of which Furniture and vehicles: -€15,452
- Profit (loss) carried forward -€65,440
down €65,440 (-11.2%), from -€582,860 to -€648,299
- Other debts -€39,060
down €39,060 (-2.9%), from €1.4m to €1.3m
- Gross operating margin -€56,450
down €56,450, from €10,536 to -€45,913
- Depreciation +€4,255
up €4,255 (+33.7%), from €12,638 to €16,892
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 | €1,002,329 | €892,337 | -€109,992 | -11.0% |
| Fixed assets | 21/28 | €588,949 | €578,081 | -€10,868 | -1.8% |
| Tangible fixed assets | 22/27 | €588,949 | €578,081 | -€10,868 | -1.8% |
| Land and buildings | 22 | €520,734 | €520,734 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,075 | €7,659 | +€4,584 | +149% |
| Furniture and vehicles | 24 | €65,140 | €49,688 | -€15,452 | -23.7% |
| Current assets | 29/58 | €413,380 | €314,257 | -€99,124 | -24.0% |
| Stocks and contracts in progress | 3 | €240,020 | €186,499 | -€53,521 | -22.3% |
| Stocks | 30/36 | €240,020 | €186,499 | -€53,521 | -22.3% |
| Amounts receivable within one year | 40/41 | €100,464 | €85,188 | -€15,276 | -15.2% |
| Trade receivables | 40 | €61,578 | €67,247 | +€5,670 | +9.2% |
| Other amounts receivable | 41 | €38,886 | €17,941 | -€20,946 | -53.9% |
| Cash at bank and in hand | 54/58 | €72,808 | €42,476 | -€30,332 | -41.7% |
| Deferred charges and accrued income | 490/1 | €88 | €94 | +€5 | +6.1% |
| Total equity and liabilities | 10/49 | €1,002,329 | €892,337 | -€109,992 | -11.0% |
| Equity | 10/15 | -€362,546 | -€427,986 | -€65,440 | -18.0% |
| Contributions | 10/11 | €174,706 | €174,706 | = | 0.0% |
| Capital | 10 | €174,706 | €174,706 | = | 0.0% |
| Issued capital | 100 | €174,706 | €174,706 | = | 0.0% |
| Revaluation surpluses | 12 | €42,035 | €42,035 | = | 0.0% |
| Reserves | 13 | €3,573 | €3,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €474 | €474 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€582,860 | -€648,299 | -€65,440 | -11.2% |
| Amounts payable | 17/49 | €1,364,875 | €1,320,323 | -€44,553 | -3.3% |
| Amounts payable within one year | 42/48 | €1,364,875 | €1,320,323 | -€44,553 | -3.3% |
| Trade debts | 44 | €4,346 | €910 | -€3,436 | -79.1% |
| Suppliers | 440/4 | €4,346 | €910 | -€3,436 | -79.1% |
| Taxes, remuneration and social security | 45 | €2,447 | €391 | -€2,056 | -84.0% |
| Taxes | 450/3 | €2,447 | €391 | -€2,056 | -84.0% |
| Other amounts payable | 47/48 | €1,358,082 | €1,319,022 | -€39,060 | -2.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,638 | €16,892 | +€4,255 | +33.7% |
| Other operating charges | 640/8 | €2,990 | €2,541 | -€448 | -15.0% |
| Non-recurring operating charges | 66A | €10,656 | €0 | -€10,656 | -100% |
| Gross operating margin | 9900 | €10,536 | -€45,913 | -€56,450 | |
| Operating profit (loss) | 9901 | -€15,747 | -€65,347 | -€49,600 | -315% |
| Financial income | 75/76B | €0 | €14 | +€14 | +3,174% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +3,174% |
| Financial charges | 65/66B | €89 | €107 | +€18 | +19.8% |
| Recurring financial charges | 65 | €89 | €107 | +€18 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,836 | -€65,440 | -€49,604 | -313% |
| Profit (loss) for the period | 9904 | -€15,836 | -€65,440 | -€49,604 | -313% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,836 | -€65,440 | -€49,604 | -313% |
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 28 October 2026 via checked.be.