M2TS-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.
M2TS-Service
Largest movements
- Cash -€8,062
down €8,062 (-60.3%), from €13,374 to €5,312
mainly Receivables within one year (-€5,298) and Receivables after one year (-€3,731)
- Receivables within one year +€5,298
up €5,298 (+135%), from €3,929 to €9,227
of which Other amounts receivable: +€3,282
- Receivables after one year +€3,731
up €3,731 (+17.0%), from €21,889 to €25,620
- Reserves +€4,040
up €4,040 (+13.3%), from €30,274 to €34,313
- Current portion of long-term debt -€2,575
no longer reported in 2025 (was €2,575)
- Gross operating margin -€13,537
down €13,537 (-61.2%), from €22,118 to €8,581
- Taxes -€2,768
down €2,768 (-57.5%), from €4,809 to €2,041
- Other operating charges +€842
up €842 (+599%), from €141 to €983
- Depreciation -€800
down €800 (-24.8%), from €3,227 to €2,427
- Financial income +€685
up €685 (+107%), from €638 to €1,323
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 | €44,679 | €45,835 | +€1,155 | +2.6% |
| Fixed assets | 21/28 | €5,487 | €5,675 | +€188 | +3.4% |
| Tangible fixed assets | 22/27 | €5,487 | €5,675 | +€188 | +3.4% |
| Plant, machinery and equipment | 23 | €4,783 | €4,433 | -€350 | -7.3% |
| Furniture and vehicles | 24 | €704 | €1,242 | +€538 | +76.4% |
| Current assets | 29/58 | €39,192 | €40,159 | +€967 | +2.5% |
| Amounts receivable after more than one year | 29 | €21,889 | €25,620 | +€3,731 | +17.0% |
| Other amounts receivable | 291 | €21,889 | €25,620 | +€3,731 | +17.0% |
| Amounts receivable within one year | 40/41 | €3,929 | €9,227 | +€5,298 | +135% |
| Trade receivables | 40 | €3,494 | €5,511 | +€2,016 | +57.7% |
| Other amounts receivable | 41 | €435 | €3,717 | +€3,282 | +754% |
| Cash at bank and in hand | 54/58 | €13,374 | €5,312 | -€8,062 | -60.3% |
| Total equity and liabilities | 10/49 | €44,679 | €45,835 | +€1,155 | +2.6% |
| Equity | 10/15 | €33,274 | €37,313 | +€4,040 | +12.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,274 | €34,313 | +€4,040 | +13.3% |
| Distributable reserves | 133 | €30,274 | €34,313 | +€4,040 | +13.3% |
| Amounts payable | 17/49 | €11,406 | €8,521 | -€2,885 | -25.3% |
| Amounts payable within one year | 42/48 | €11,406 | €8,521 | -€2,885 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €2,575 | - | -€2,575 | |
| Trade debts | 44 | €1,776 | €1,668 | -€108 | -6.1% |
| Suppliers | 440/4 | €1,776 | €1,668 | -€108 | -6.1% |
| Taxes, remuneration and social security | 45 | €7,055 | €6,854 | -€201 | -2.9% |
| Taxes | 450/3 | €7,055 | €6,854 | -€201 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €2,427 | -€800 | -24.8% |
| Other operating charges | 640/8 | €141 | €983 | +€842 | +599% |
| Gross operating margin | 9900 | €22,118 | €8,581 | -€13,537 | -61.2% |
| Operating profit (loss) | 9901 | €18,751 | €5,171 | -€13,580 | -72.4% |
| Financial income | 75/76B | €638 | €1,323 | +€685 | +107% |
| Recurring financial income | 75 | €638 | €1,323 | +€685 | +107% |
| Financial charges | 65/66B | €486 | €413 | -€73 | -15.0% |
| Recurring financial charges | 65 | €486 | €413 | -€73 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €18,902 | €6,081 | -€12,821 | -67.8% |
| Income taxes | 67/77 | €4,809 | €2,041 | -€2,768 | -57.5% |
| Profit (loss) for the period | 9904 | €14,094 | €4,040 | -€10,054 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,094 | €4,040 | -€10,054 | -71.3% |
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 31 October 2026 via checked.be.