M SERVICE: 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 SERVICE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€18,520
no longer reported in 2025 (was €18,520)
- Gross operating margin +€9,108
up €9,108 (+99.6%), from -€9,148 to -€40
- Depreciation -€2,430
no longer reported in 2025 (was €2,430)
- Financial charges -€135
no longer reported in 2025 (was €135)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,012 | €4,013 | +€1 | 0.0% |
| Fixed assets | 21/28 | €3,678 | €3,679 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €3,678 | €3,679 | +€1 | 0.0% |
| Plant, machinery and equipment | 23 | €1,104 | €1,104 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €2,575 | €2,575 | +€0 | 0.0% |
| Current assets | 29/58 | €334 | €334 | +€0 | +0.1% |
| Amounts receivable within one year | 40/41 | €334 | €334 | +€0 | +0.1% |
| Other amounts receivable | 41 | €334 | €334 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €4,012 | €4,013 | +€1 | 0.0% |
| Equity | 10/15 | -€25,895 | -€25,935 | -€40 | -0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,895 | -€30,935 | -€40 | -0.1% |
| Amounts payable | 17/49 | €29,907 | €29,948 | +€41 | +0.1% |
| Amounts payable within one year | 42/48 | €28,190 | €28,230 | +€39 | +0.1% |
| Trade debts | 44 | €14,313 | €14,353 | +€39 | +0.3% |
| Suppliers | 440/4 | €14,313 | €14,353 | +€39 | +0.3% |
| Other amounts payable | 47/48 | €13,877 | €13,877 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,716 | €1,718 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,430 | - | -€2,430 | |
| Other operating charges | 640/8 | €18,520 | - | -€18,520 | |
| Gross operating margin | 9900 | -€9,148 | -€40 | +€9,108 | +99.6% |
| Operating profit (loss) | 9901 | -€30,098 | -€40 | +€30,058 | +99.9% |
| Financial charges | 65/66B | €135 | - | -€135 | |
| Recurring financial charges | 65 | €135 | - | -€135 | |
| Profit (loss) for the period before taxes | 9903 | -€30,233 | -€40 | +€30,194 | +99.9% |
| Profit (loss) for the period | 9904 | -€30,233 | -€40 | +€30,194 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,233 | -€40 | +€30,194 | +99.9% |
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 23 October 2026 via checked.be.