MS Boat: 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 Boat
Largest movements
- Tangible fixed assets -€9,735
down €9,735 (-50.0%), from €19,469 to €9,735
- Receivables within one year +€3,540
up €3,540 (+15.8%), from €22,344 to €25,884
of which Trade receivables: +€2,350
- Profit (loss) carried forward -€5,362
down €5,362, from €1,668 to -€3,694
- Gross operating margin -€5,802
down €5,802 (-49.8%), from €11,654 to €5,852
- Other operating charges +€1,156
up €1,156 (+776.8%), from €149 to €1,304
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,513 | €36,824 | -€5,689 | -13.4% |
| Fixed assets | 21/28 | €19,469 | €10,085 | -€9,385 | -48.2% |
| Tangible fixed assets | 22/27 | €19,469 | €9,735 | -€9,735 | -50.0% |
| Furniture and vehicles | 24 | €19,469 | €9,735 | -€9,735 | -50.0% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €23,044 | €26,740 | +€3,696 | +16.0% |
| Amounts receivable within one year | 40/41 | €22,344 | €25,884 | +€3,540 | +15.8% |
| Trade receivables | 40 | €20,530 | €22,880 | +€2,350 | +11.4% |
| Other amounts receivable | 41 | €1,815 | €3,004 | +€1,190 | +65.6% |
| Current investments | 50/53 | €700 | €856 | +€156 | +22.3% |
| Total equity and liabilities | 10/49 | €42,513 | €36,824 | -€5,689 | -13.4% |
| Equity | 10/15 | €1,668 | -€3,694 | -€5,362 | |
| Profit (loss) carried forward | 14 | €1,668 | -€3,694 | -€5,362 | |
| Amounts payable | 17/49 | €40,845 | €40,518 | -€326 | -0.8% |
| Amounts payable within one year | 42/48 | €40,845 | €40,518 | -€326 | -0.8% |
| Trade debts | 44 | €21,513 | €21,186 | -€326 | -1.5% |
| Suppliers | 440/4 | €21,513 | €21,186 | -€326 | -1.5% |
| Other amounts payable | 47/48 | €19,332 | €19,332 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,735 | €9,735 | = | 0.0% |
| Other operating charges | 640/8 | €149 | €1,304 | +€1,156 | +776.8% |
| Gross operating margin | 9900 | €11,654 | €5,852 | -€5,802 | -49.8% |
| Operating profit (loss) | 9901 | €1,771 | -€5,187 | -€6,958 | |
| Financial charges | 65/66B | €102 | €175 | +€73 | +71.2% |
| Recurring financial charges | 65 | €102 | €175 | +€73 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €1,668 | -€5,362 | -€7,031 | |
| Profit (loss) for the period | 9904 | €1,668 | -€5,362 | -€7,031 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,668 | -€5,362 | -€7,031 |
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 6 October 2026 via checked.be.