MNS: 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.
What changed
MNS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€19,274
2024 · -€63,379+€82,653
Equity
€1.7m
2024 · -€1.7m+€3.4m
Cash
€40,694
2024 · €23,874+€16,820
Balance sheet total
€4.6m
2024 · €4.7m-€131,276
Largest movements
Assets
- Tangible fixed assets -€161,143
down €161,143 (-3.8%), from €4.3m to €4.1m
of which Land and buildings: -€159,006
Equity and liabilities
- Contributions +€3.3m
up €3.3m (+346.5%), from €963,000 to €4.3m
- Debts after one year -€2.0m
down €2.0m (-52.8%), from €3.9m to €1.8m
- Other debts -€1.5m
down €1.5m (-64.1%), from €2.3m to €818,526
Income statement
- Financial charges -€76,767
down €76,767 (-50.5%), from €152,029 to €75,263
- Other operating charges -€10,217
down €10,217 (-20.6%), from €49,606 to €39,389
- Gross operating margin +€4,360
up €4,360 (+1.5%), from €293,778 to €298,138
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.
Result 2024
-€63,379
Gross operating margin
+€4,360
Depreciation
-€0
Other operating charges
+€10,217
Other operating items
-€5,873
Financial income
-€2,817
Financial charges
+€76,767
Result 2025
€19,274
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.
From operations
-€1.3m
Investment
€0
Financing
+€1.3m
Cash 2024
€23,874
From operations (derived)
-€1.3m
Net result for the year
+€19,274
Depreciation
+€161,143
Receivables within one year
-€12,981
Smaller working-capital items
+€9,923
Other debts
-€1.5m
Financing
+€1.3m
Debts after one year
-€2.0m
Current portion of long-term debt
+€5,258
Short-term financial debts
+€71
Contributions, distributions and other
+€3.3m
Cash 2025
€40,694
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,721,277 | €4,590,001 | -€131,276 | -2.8% |
| Fixed assets | 21/28 | €4,286,491 | €4,125,348 | -€161,143 | -3.8% |
| Tangible fixed assets | 22/27 | €4,286,291 | €4,125,148 | -€161,143 | -3.8% |
| Land and buildings | 22 | €4,273,470 | €4,114,463 | -€159,006 | -3.7% |
| Plant, machinery and equipment | 23 | €12,821 | €10,684 | -€2,137 | -16.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €434,786 | €464,653 | +€29,867 | +6.9% |
| Stocks and contracts in progress | 3 | €299,438 | €299,438 | = | 0.0% |
| Stocks | 30/36 | €299,438 | €299,438 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,314 | €120,295 | +€12,981 | +12.1% |
| Trade receivables | 40 | €15,040 | €25,292 | +€10,252 | +68.2% |
| Other amounts receivable | 41 | €92,274 | €95,003 | +€2,729 | +3.0% |
| Cash at bank and in hand | 54/58 | €23,874 | €40,694 | +€16,820 | +70.5% |
| Deferred charges and accrued income | 490/1 | €4,159 | €4,226 | +€67 | +1.6% |
| Total equity and liabilities | 10/49 | €4,721,277 | €4,590,001 | -€131,276 | -2.8% |
| Equity | 10/15 | -€1,683,645 | €1,672,629 | +€3.4m | |
| Contributions | 10/11 | €963,000 | €4,300,000 | +€3.3m | +346.5% |
| Capital | 10 | €963,000 | €4,300,000 | +€3.3m | +346.5% |
| Issued capital | 100 | €963,000 | €4,300,000 | +€3.3m | +346.5% |
| Profit (loss) carried forward | 14 | -€2,646,645 | -€2,627,371 | +€19,274 | +0.7% |
| Amounts payable | 17/49 | €6,404,922 | €2,917,372 | -€3.5m | -54.5% |
| Amounts payable after more than one year | 17 | €3,872,923 | €1,829,758 | -€2.0m | -52.8% |
| Financial debts | 170/4 | €3,872,923 | €1,829,758 | -€2.0m | -52.8% |
| Amounts payable within one year | 42/48 | €2,513,489 | €1,067,840 | -€1.4m | -57.5% |
| Current portion of amounts payable after more than one year | 42 | €233,636 | €238,894 | +€5,258 | +2.3% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €1,622 | €4,916 | +€3,294 | +203.0% |
| Suppliers | 440/4 | €1,622 | €4,916 | +€3,294 | +203.0% |
| Taxes, remuneration and social security | 45 | €0 | €5,433 | +€5,433 | |
| Taxes | 450/3 | €0 | €5,433 | +€5,433 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,278,230 | €818,526 | -€1.5m | -64.1% |
| Accrued charges and deferred income | 492/3 | €18,510 | €19,773 | +€1,264 | +6.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,143 | €161,143 | +€0 | 0.0% |
| Other operating charges | 640/8 | €49,606 | €39,389 | -€10,217 | -20.6% |
| Non-recurring operating charges | 66A | - | €5,873 | +€5,873 | |
| Gross operating margin | 9900 | €293,778 | €298,138 | +€4,360 | +1.5% |
| Operating profit (loss) | 9901 | €83,029 | €91,733 | +€8,704 | +10.5% |
| Financial income | 75/76B | €5,621 | €2,804 | -€2,817 | -50.1% |
| Recurring financial income | 75 | €5,621 | €2,804 | -€2,817 | -50.1% |
| Financial charges | 65/66B | €152,029 | €75,263 | -€76,767 | -50.5% |
| Recurring financial charges | 65 | €152,029 | €75,263 | -€76,767 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€63,379 | €19,274 | +€82,653 | |
| Profit (loss) for the period | 9904 | -€63,379 | €19,274 | +€82,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,379 | €19,274 | +€82,653 |
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 5 October 2026 via checked.be.