MS CARRELAGES: 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.
MS CARRELAGES
Largest movements
- Tangible fixed assets -€5,853
down €5,853 (-90.6%), from €6,462 to €609
of which Leasing and similar rights: -€5,057
- Receivables within one year +€2,814
up €2,814 (+31.5%), from €8,928 to €11,742
of which Trade receivables: +€2,706
- Cash +€2,225
up €2,225 (+29.5%), from €7,535 to €9,760
mainly Depreciation (+€5,853) and Net result for the year (+€5,240)
- Deferred charges and accrued income -€610
down €610 (-26.6%), from €2,295 to €1,685
- Profit (loss) carried forward +€5,240
up €5,240 (+22.0%), from -€23,765 to -€18,525
- Debts after one year -€4,949
down €4,949 (-100%), from €4,949 to €0
- Current portion of long-term debt -€4,612
down €4,612 (-100%), from €4,612 to €0
- Other debts +€2,878
up €2,878 (+62.3%), from €4,623 to €7,501
- Depreciation -€6,771
down €6,771 (-53.6%), from €12,625 to €5,853
- Gross operating margin +€384
up €384 (+3.0%), from €12,759 to €13,143
- Financial charges -€332
down €332 (-42.6%), from €779 to €447
- Other operating charges +€251
up €251 (+21.9%), from €1,145 to €1,396
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 | €25,221 | €23,796 | -€1,425 | -5.6% |
| Fixed assets | 21/28 | €6,462 | €609 | -€5,853 | -90.6% |
| Tangible fixed assets | 22/27 | €6,462 | €609 | -€5,853 | -90.6% |
| Plant, machinery and equipment | 23 | €765 | €609 | -€156 | -20.4% |
| Furniture and vehicles | 24 | €640 | €0 | -€640 | -100% |
| Leasing and similar rights | 25 | €5,057 | €0 | -€5,057 | -100% |
| Current assets | 29/58 | €18,759 | €23,188 | +€4,428 | +23.6% |
| Amounts receivable within one year | 40/41 | €8,928 | €11,742 | +€2,814 | +31.5% |
| Trade receivables | 40 | €7,026 | €9,733 | +€2,706 | +38.5% |
| Other amounts receivable | 41 | €1,902 | €2,010 | +€108 | +5.7% |
| Cash at bank and in hand | 54/58 | €7,535 | €9,760 | +€2,225 | +29.5% |
| Deferred charges and accrued income | 490/1 | €2,295 | €1,685 | -€610 | -26.6% |
| Total equity and liabilities | 10/49 | €25,221 | €23,796 | -€1,425 | -5.6% |
| Equity | 10/15 | €7,062 | €12,302 | +€5,240 | +74.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,827 | €25,827 | = | 0.0% |
| Distributable reserves | 133 | €25,827 | €25,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,765 | -€18,525 | +€5,240 | +22.0% |
| Amounts payable | 17/49 | €18,159 | €11,494 | -€6,665 | -36.7% |
| Amounts payable after more than one year | 17 | €4,949 | €0 | -€4,949 | -100% |
| Financial debts | 170/4 | €4,949 | €0 | -€4,949 | -100% |
| Amounts payable within one year | 42/48 | €13,211 | €11,494 | -€1,716 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €4,612 | €0 | -€4,612 | -100% |
| Trade debts | 44 | €2,543 | €2,585 | +€42 | +1.7% |
| Suppliers | 440/4 | €2,543 | €2,585 | +€42 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,433 | €1,409 | -€25 | -1.7% |
| Taxes | 450/3 | €1,433 | €1,409 | -€25 | -1.7% |
| Other amounts payable | 47/48 | €4,623 | €7,501 | +€2,878 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,625 | €5,853 | -€6,771 | -53.6% |
| Other operating charges | 640/8 | €1,145 | €1,396 | +€251 | +21.9% |
| Gross operating margin | 9900 | €12,759 | €13,143 | +€384 | +3.0% |
| Operating profit (loss) | 9901 | -€1,010 | €5,894 | +€6,904 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €779 | €447 | -€332 | -42.6% |
| Recurring financial charges | 65 | €779 | €447 | -€332 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,789 | €5,447 | +€7,236 | |
| Income taxes | 67/77 | €200 | €207 | +€6 | +3.1% |
| Profit (loss) for the period | 9904 | -€1,990 | €5,240 | +€7,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,990 | €5,240 | +€7,230 |
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 24 October 2026 via checked.be.