MLS CONSTRUCT: 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.
MLS CONSTRUCT
Largest movements
- Receivables within one year +€11,938
up €11,938 (+108.5%), from €11,003 to €22,941
of which Trade receivables: +€10,881
- Cash +€2,933
up €2,933 (+344.4%), from €851 to €3,784
mainly Net result for the year (+€11,124) and Tax, wage and social debts (+€3,126)
- Deferred charges and accrued income -€1,307
down €1,307 (-20.3%), from €6,426 to €5,119
- Reserves +€11,000
up €11,000 (+578.9%), from €1,900 to €12,900
- Tax, wage and social debts +€3,126
up €3,126 (+85.9%), from €3,639 to €6,765
of which Taxes: +€4,926
- Trade debts -€2,178
down €2,178 (-22.5%), from €9,692 to €7,514
- Other debts +€1,331
up €1,331 (+101.7%), from €1,309 to €2,641
- Gross operating margin +€14,496
up €14,496 (+315.6%), from €4,594 to €19,089
- Taxes +€3,650
up €3,650 (+286.1%), from €1,276 to €4,926
- Financial charges +€2,424
up €2,424 (+976.7%), from €248 to €2,672
- Other operating charges -€736
down €736 (-66.7%), from €1,104 to €368
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 | €18,281 | €31,845 | +€13,564 | +74.2% |
| Current assets | 29/58 | €18,281 | €31,845 | +€13,564 | +74.2% |
| Amounts receivable within one year | 40/41 | €11,003 | €22,941 | +€11,938 | +108.5% |
| Trade receivables | 40 | €10,522 | €21,403 | +€10,881 | +103.4% |
| Other amounts receivable | 41 | €481 | €1,539 | +€1,057 | +219.8% |
| Cash at bank and in hand | 54/58 | €851 | €3,784 | +€2,933 | +344.4% |
| Deferred charges and accrued income | 490/1 | €6,426 | €5,119 | -€1,307 | -20.3% |
| Total equity and liabilities | 10/49 | €18,281 | €31,845 | +€13,564 | +74.2% |
| Equity | 10/15 | €3,465 | €14,590 | +€11,124 | +321.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €1,900 | €12,900 | +€11,000 | +578.9% |
| Distributable reserves | 133 | €1,900 | €12,900 | +€11,000 | +578.9% |
| Profit (loss) carried forward | 14 | €65 | €190 | +€124 | +190.1% |
| Amounts payable | 17/49 | €14,816 | €17,255 | +€2,439 | +16.5% |
| Amounts payable within one year | 42/48 | €14,800 | €17,239 | +€2,439 | +16.5% |
| Financial debts | 43 | €160 | €320 | +€160 | +100.0% |
| Credit institutions | 430/8 | €160 | - | -€160 | |
| Other loans | 439 | - | €320 | +€320 | |
| Trade debts | 44 | €9,692 | €7,514 | -€2,178 | -22.5% |
| Suppliers | 440/4 | €9,692 | €7,514 | -€2,178 | -22.5% |
| Taxes, remuneration and social security | 45 | €3,639 | €6,765 | +€3,126 | +85.9% |
| Taxes | 450/3 | €1,839 | €6,765 | +€4,926 | +267.9% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | €1,309 | €2,641 | +€1,331 | +101.7% |
| Accrued charges and deferred income | 492/3 | €16 | €16 | +€0 | +2.0% |
| Other operating charges | 640/8 | €1,104 | €368 | -€736 | -66.7% |
| Gross operating margin | 9900 | €4,594 | €19,089 | +€14,496 | +315.6% |
| Operating profit (loss) | 9901 | €3,489 | €18,722 | +€15,232 | +436.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1725.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1725.0% |
| Financial charges | 65/66B | €248 | €2,672 | +€2,424 | +976.7% |
| Recurring financial charges | 65 | €248 | €2,672 | +€2,424 | +976.7% |
| Profit (loss) for the period before taxes | 9903 | €3,241 | €16,050 | +€12,809 | +395.2% |
| Income taxes | 67/77 | €1,276 | €4,926 | +€3,650 | +286.1% |
| Profit (loss) for the period | 9904 | €1,965 | €11,124 | +€9,159 | +466.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,965 | €11,124 | +€9,159 | +466.0% |
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 8 October 2026 via checked.be.