M 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 Services
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Receivables within one year -€57,557
down €57,557 (-95.1%), from €60,500 to €2,943
of which Trade receivables: -€60,500
- Cash +€39,958
up €39,958 (+821.5%), from €4,864 to €44,822
mainly Net result for the year (+€226,528) and Receivables within one year (+€57,557)
- Profit (loss) carried forward +€226,528
up €226,528 (+37.0%), from -€612,306 to -€385,778
- Debts after one year -€150,000
no longer reported in 2024 (was €150,000)
- Gross operating margin +€62,534
up €62,534 (+34.5%), from €181,193 to €243,727
- Financial income +€9,811
new in 2024: €9,811
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,564,418 | €3,641,175 | +€76,757 | +2.2% |
| Fixed assets | 21/28 | €3,297,649 | €3,286,852 | -€10,797 | -0.3% |
| Tangible fixed assets | 22/27 | €3,297,649 | €3,286,852 | -€10,797 | -0.3% |
| Land and buildings | 22 | €3,297,649 | €3,282,905 | -€14,744 | -0.4% |
| Plant, machinery and equipment | 23 | - | €3,947 | +€3,947 | |
| Current assets | 29/58 | €266,769 | €354,324 | +€87,555 | +32.8% |
| Amounts receivable within one year | 40/41 | €60,500 | €2,943 | -€57,557 | -95.1% |
| Trade receivables | 40 | €60,500 | - | -€60,500 | |
| Other amounts receivable | 41 | - | €2,943 | +€2,943 | |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €4,864 | €44,822 | +€39,958 | +821.5% |
| Deferred charges and accrued income | 490/1 | €1,405 | €6,558 | +€5,153 | +366.8% |
| Total equity and liabilities | 10/49 | €3,564,418 | €3,641,175 | +€76,757 | +2.2% |
| Equity | 10/15 | €3,387,694 | €3,614,222 | +€226,528 | +6.7% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€612,306 | -€385,778 | +€226,528 | +37.0% |
| Amounts payable | 17/49 | €176,724 | €26,953 | -€149,770 | -84.7% |
| Amounts payable after more than one year | 17 | €150,000 | - | -€150,000 | |
| Financial debts | 170/4 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €20,261 | €23,703 | +€3,443 | +17.0% |
| Trade debts | 44 | €1,550 | €2,362 | +€812 | +52.4% |
| Suppliers | 440/4 | €1,550 | €2,362 | +€812 | +52.4% |
| Taxes, remuneration and social security | 45 | €9,174 | €21,342 | +€12,167 | +132.6% |
| Taxes | 450/3 | €9,174 | €21,342 | +€12,167 | +132.6% |
| Other amounts payable | 47/48 | €9,536 | - | -€9,536 | |
| Accrued charges and deferred income | 492/3 | €6,463 | €3,250 | -€3,213 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,744 | €14,969 | +€225 | +1.5% |
| Other operating charges | 640/8 | €8,249 | €8,790 | +€541 | +6.6% |
| Gross operating margin | 9900 | €181,193 | €243,727 | +€62,534 | +34.5% |
| Operating profit (loss) | 9901 | €158,200 | €219,968 | +€61,768 | +39.0% |
| Financial income | 75/76B | - | €9,811 | +€9,811 | |
| Recurring financial income | 75 | - | €9,811 | +€9,811 | |
| Financial charges | 65/66B | €4,534 | €3,252 | -€1,282 | -28.3% |
| Recurring financial charges | 65 | €4,534 | €3,252 | -€1,282 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €153,666 | €226,528 | +€72,862 | +47.4% |
| Profit (loss) for the period | 9904 | €153,666 | €226,528 | +€72,862 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €153,666 | €226,528 | +€72,862 | +47.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.