ML 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.
ML SERVICES
Largest movements
- Tangible fixed assets -€275,315
down €275,315 (-32.0%), from €859,073 to €583,758
of which Leasing and similar rights: -€207,036
- Receivables within one year +€30,127
up €30,127 (+3.3%), from €899,936 to €930,063
of which Other amounts receivable: +€44,112
- Cash +€29,549
up €29,549 (+23.2%), from €127,137 to €156,686
mainly Depreciation (+€263,938) and Trade debts (+€121,697)
- Debts after one year -€249,801
down €249,801 (-42.7%), from €585,572 to €335,771
of which Financial debts: -€170,601
- Trade debts +€121,697
up €121,697 (+60.2%), from €202,196 to €323,893
- Current portion of long-term debt -€77,509
down €77,509 (-30.2%), from €256,653 to €179,143
- Profit (loss) carried forward +€20,863
up €20,863 (+51.4%), from €40,578 to €61,441
- Gross operating margin +€48,601
up €48,601 (+4.1%), from €1.2m to €1.2m
- Staff costs +€33,467
up €33,467 (+4.0%), from €829,918 to €863,385
- Other operating charges +€20,187
up €20,187 (+227.0%), from €8,894 to €29,081
- Write-downs +€18,858
new in 2025: €18,858
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 | €1,940,389 | €1,741,418 | -€198,972 | -10.3% |
| Fixed assets | 21/28 | €861,611 | €585,378 | -€276,233 | -32.1% |
| Tangible fixed assets | 22/27 | €859,073 | €583,758 | -€275,315 | -32.0% |
| Land and buildings | 22 | €80,867 | €66,878 | -€13,989 | -17.3% |
| Plant, machinery and equipment | 23 | €49,601 | €43,398 | -€6,202 | -12.5% |
| Furniture and vehicles | 24 | €53,304 | €37,674 | -€15,630 | -29.3% |
| Leasing and similar rights | 25 | €486,563 | €279,527 | -€207,036 | -42.6% |
| Other tangible fixed assets | 26 | €188,738 | €156,281 | -€32,457 | -17.2% |
| Financial fixed assets | 28 | €2,538 | €1,620 | -€918 | -36.2% |
| Current assets | 29/58 | €1,078,778 | €1,156,039 | +€77,261 | +7.2% |
| Amounts receivable within one year | 40/41 | €899,936 | €930,063 | +€30,127 | +3.3% |
| Trade receivables | 40 | €875,173 | €861,188 | -€13,984 | -1.6% |
| Other amounts receivable | 41 | €24,763 | €68,875 | +€44,112 | +178.1% |
| Cash at bank and in hand | 54/58 | €127,137 | €156,686 | +€29,549 | +23.2% |
| Deferred charges and accrued income | 490/1 | €51,705 | €69,290 | +€17,584 | +34.0% |
| Total equity and liabilities | 10/49 | €1,940,389 | €1,741,418 | -€198,972 | -10.3% |
| Equity | 10/15 | €702,032 | €722,894 | +€20,863 | +3.0% |
| Contributions | 10/11 | €133,250 | €133,250 | = | 0.0% |
| Capital | 10 | €133,250 | €133,250 | = | 0.0% |
| Issued capital | 100 | €133,250 | €133,250 | = | 0.0% |
| Reserves | 13 | €528,203 | €528,203 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,010 | €8,010 | = | 0.0% |
| Legal reserve | 130 | €8,010 | €8,010 | = | 0.0% |
| Distributable reserves | 133 | €520,193 | €520,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,578 | €61,441 | +€20,863 | +51.4% |
| Amounts payable | 17/49 | €1,238,358 | €1,018,523 | -€219,835 | -17.8% |
| Amounts payable after more than one year | 17 | €585,572 | €335,771 | -€249,801 | -42.7% |
| Financial debts | 170/4 | €346,098 | €175,496 | -€170,601 | -49.3% |
| Other amounts payable | 178/9 | €239,474 | €160,274 | -€79,200 | -33.1% |
| Amounts payable within one year | 42/48 | €651,781 | €679,749 | +€27,968 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €256,653 | €179,143 | -€77,509 | -30.2% |
| Trade debts | 44 | €202,196 | €323,893 | +€121,697 | +60.2% |
| Suppliers | 440/4 | €202,196 | €323,893 | +€121,697 | +60.2% |
| Advances received on contracts in progress | 46 | €5,827 | €940 | -€4,887 | -83.9% |
| Taxes, remuneration and social security | 45 | €104,822 | €95,875 | -€8,947 | -8.5% |
| Taxes | 450/3 | €20,030 | €13,187 | -€6,842 | -34.2% |
| Remuneration and social security | 454/9 | €84,792 | €82,687 | -€2,104 | -2.5% |
| Other amounts payable | 47/48 | €82,284 | €79,898 | -€2,386 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,005 | €3,003 | +€1,999 | +199.0% |
| Remuneration, social security and pensions | 62 | €829,918 | €863,385 | +€33,467 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,893 | €263,938 | -€5,955 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,858 | +€18,858 | |
| Other operating charges | 640/8 | €8,894 | €29,081 | +€20,187 | +227.0% |
| Gross operating margin | 9900 | €1,172,317 | €1,220,918 | +€48,601 | +4.1% |
| Operating profit (loss) | 9901 | €63,612 | €45,656 | -€17,956 | -28.2% |
| Financial income | 75/76B | €13,214 | €7,094 | -€6,120 | -46.3% |
| Recurring financial income | 75 | €13,214 | €5,662 | -€7,552 | -57.2% |
| Non-recurring financial income | 76B | - | €1,432 | +€1,432 | |
| Financial charges | 65/66B | €19,370 | €17,493 | -€1,877 | -9.7% |
| Recurring financial charges | 65 | €19,370 | €17,493 | -€1,877 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €57,456 | €35,256 | -€22,200 | -38.6% |
| Income taxes | 67/77 | €16,877 | €14,393 | -€2,484 | -14.7% |
| Profit (loss) for the period | 9904 | €40,578 | €20,863 | -€19,716 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,578 | €20,863 | -€19,716 | -48.6% |
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 4 October 2026 via checked.be.