MNS: 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.
MNS
Largest movements
- Tangible fixed assets -€28,826
down €28,826 (-8.9%), from €324,630 to €295,805
of which Land and buildings: -€17,368
- Cash -€15,849
down €15,849 (-43.5%), from €36,421 to €20,572
mainly Contributions, distributions and other (-€100,000) and Other debts (-€29,724)
- Receivables within one year +€13,722
up €13,722 (+44.1%), from €31,119 to €44,842
of which Trade receivables: +€7,699
- Other debts -€29,724
down €29,724 (-12.0%), from €248,648 to €218,925
- Gross operating margin -€15,257
down €15,257 (-7.7%), from €198,027 to €182,770
- Taxes -€4,298
down €4,298 (-12.0%), from €35,893 to €31,594
- Financial charges +€2,014
up €2,014 (+46.4%), from €4,343 to €6,357
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 | €397,587 | €366,048 | -€31,540 | -7.9% |
| Fixed assets | 21/28 | €324,630 | €295,805 | -€28,826 | -8.9% |
| Tangible fixed assets | 22/27 | €324,630 | €295,805 | -€28,826 | -8.9% |
| Land and buildings | 22 | €277,175 | €259,806 | -€17,368 | -6.3% |
| Plant, machinery and equipment | 23 | €3,010 | €1,968 | -€1,042 | -34.6% |
| Furniture and vehicles | 24 | €44,446 | €34,030 | -€10,415 | -23.4% |
| Current assets | 29/58 | €72,957 | €70,243 | -€2,714 | -3.7% |
| Amounts receivable within one year | 40/41 | €31,119 | €44,842 | +€13,722 | +44.1% |
| Trade receivables | 40 | €28,738 | €36,436 | +€7,699 | +26.8% |
| Other amounts receivable | 41 | €2,382 | €8,406 | +€6,024 | +253% |
| Cash at bank and in hand | 54/58 | €36,421 | €20,572 | -€15,849 | -43.5% |
| Deferred charges and accrued income | 490/1 | €5,416 | €4,829 | -€587 | -10.8% |
| Total equity and liabilities | 10/49 | €397,587 | €366,048 | -€31,540 | -7.9% |
| Equity | 10/15 | €30,000 | €31,983 | +€1,983 | +6.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €1,983 | +€1,983 | |
| Distributable reserves | 133 | - | €1,983 | +€1,983 | |
| Amounts payable | 17/49 | €367,587 | €334,065 | -€33,522 | -9.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €267,587 | €234,065 | -€33,522 | -12.5% |
| Trade debts | 44 | €2,384 | €1,716 | -€668 | -28.0% |
| Suppliers | 440/4 | €2,384 | €1,716 | -€668 | -28.0% |
| Taxes, remuneration and social security | 45 | €16,555 | €13,425 | -€3,130 | -18.9% |
| Taxes | 450/3 | €15,483 | €13,425 | -€2,058 | -13.3% |
| Remuneration and social security | 454/9 | €1,072 | - | -€1,072 | |
| Other amounts payable | 47/48 | €248,648 | €218,925 | -€29,724 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,571 | €38,049 | +€1,478 | +4.0% |
| Other operating charges | 640/8 | €4,307 | €4,787 | +€480 | +11.1% |
| Gross operating margin | 9900 | €198,027 | €182,770 | -€15,257 | -7.7% |
| Operating profit (loss) | 9901 | €157,149 | €139,934 | -€17,215 | -11.0% |
| Financial income | 75/76B | €246 | - | -€246 | |
| Recurring financial income | 75 | €246 | - | -€246 | |
| Financial charges | 65/66B | €4,343 | €6,357 | +€2,014 | +46.4% |
| Recurring financial charges | 65 | €4,343 | €6,357 | +€2,014 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €153,052 | €133,577 | -€19,475 | -12.7% |
| Income taxes | 67/77 | €35,893 | €31,594 | -€4,298 | -12.0% |
| Profit (loss) for the period | 9904 | €117,159 | €101,983 | -€15,177 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,159 | €101,983 | -€15,177 | -13.0% |
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 30 October 2026 via checked.be.