MS Architecture: 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.
MS Architecture
Largest movements
- Receivables within one year +€19,024
up €19,024 (+411.0%), from €4,628 to €23,652
of which Other amounts receivable: +€10,952
- Deferred charges and accrued income -€8,690
no longer reported in 2025 (was €8,690)
- Reserves +€76,212
up €76,212 (+16.1%), from €472,778 to €548,990
of which Distributable reserves: +€76,212
- Tax, wage and social debts -€40,714
down €40,714 (-53.8%), from €75,719 to €35,005
- Other debts -€15,000
down €15,000 (-87.3%), from €17,184 to €2,184
- Debts after one year -€6,667
down €6,667 (-23.5%), from €28,333 to €21,666
- Gross operating margin -€79,136
down €79,136 (-40.8%), from €194,002 to €114,867
- Taxes -€23,046
down €23,046 (-44.2%), from €52,094 to €29,048
- Staff costs -€9,044
no longer reported in 2025 (was €9,044)
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 | €618,033 | €627,746 | +€9,714 | +1.6% |
| Fixed assets | 21/28 | €102,896 | €101,753 | -€1,142 | -1.1% |
| Tangible fixed assets | 22/27 | €102,896 | €101,753 | -€1,142 | -1.1% |
| Land and buildings | 22 | €100,965 | €97,271 | -€3,694 | -3.7% |
| Plant, machinery and equipment | 23 | €1,049 | €439 | -€609 | -58.1% |
| Furniture and vehicles | 24 | €882 | €4,043 | +€3,161 | +358.4% |
| Current assets | 29/58 | €515,137 | €525,993 | +€10,856 | +2.1% |
| Amounts receivable within one year | 40/41 | €4,628 | €23,652 | +€19,024 | +411.0% |
| Trade receivables | 40 | €4,628 | €12,700 | +€8,072 | +174.4% |
| Other amounts receivable | 41 | - | €10,952 | +€10,952 | |
| Current investments | 50/53 | €1,744 | €1,744 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €500,075 | €500,597 | +€522 | +0.1% |
| Deferred charges and accrued income | 490/1 | €8,690 | - | -€8,690 | |
| Total equity and liabilities | 10/49 | €618,033 | €627,746 | +€9,714 | +1.6% |
| Equity | 10/15 | €485,178 | €561,390 | +€76,212 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €472,778 | €548,990 | +€76,212 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €470,918 | €547,130 | +€76,212 | +16.2% |
| Amounts payable | 17/49 | €132,855 | €66,356 | -€66,499 | -50.1% |
| Amounts payable after more than one year | 17 | €28,333 | €21,666 | -€6,667 | -23.5% |
| Financial debts | 170/4 | €28,333 | €21,666 | -€6,667 | -23.5% |
| Amounts payable within one year | 42/48 | €104,522 | €44,690 | -€59,832 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €4,952 | €834 | -€4,118 | -83.2% |
| Suppliers | 440/4 | €4,952 | €834 | -€4,118 | -83.2% |
| Taxes, remuneration and social security | 45 | €75,719 | €35,005 | -€40,714 | -53.8% |
| Taxes | 450/3 | €75,719 | €35,005 | -€40,714 | -53.8% |
| Other amounts payable | 47/48 | €17,184 | €2,184 | -€15,000 | -87.3% |
| Remuneration, social security and pensions | 62 | €9,044 | - | -€9,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,004 | €5,816 | -€188 | -3.1% |
| Other operating charges | 640/8 | €1,305 | €1,404 | +€99 | +7.6% |
| Gross operating margin | 9900 | €194,002 | €114,867 | -€79,136 | -40.8% |
| Operating profit (loss) | 9901 | €177,649 | €107,647 | -€70,002 | -39.4% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €3,411 | €2,386 | -€1,024 | -30.0% |
| Recurring financial charges | 65 | €3,411 | €2,386 | -€1,024 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €174,408 | €105,260 | -€69,147 | -39.6% |
| Income taxes | 67/77 | €52,094 | €29,048 | -€23,046 | -44.2% |
| Profit (loss) for the period | 9904 | €122,314 | €76,212 | -€46,101 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122,314 | €76,212 | -€46,101 | -37.7% |
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 30 September 2026 via checked.be.