MS Chauffage: 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 Chauffage
Largest movements
- Tangible fixed assets +€112,238
up €112,238 (+140.1%), from €80,130 to €192,369
of which Land and buildings: +€114,943
- Receivables within one year +€64,072
up €64,072 (+251.2%), from €25,505 to €89,576
of which Trade receivables: +€49,368
- Debts after one year +€116,565
up €116,565 (+412.3%), from €28,272 to €144,837
- Reserves +€108,254
up €108,254 (+166.2%), from €65,131 to €173,385
- Advances received -€30,822
no longer reported in 2025 (was €30,822)
- Trade debts -€30,521
down €30,521 (-74.7%), from €40,847 to €10,326
- Current portion of long-term debt +€7,461
up €7,461 (+99.5%), from €7,502 to €14,963
- Gross operating margin +€135,307
up €135,307 (+143.7%), from €94,148 to €229,454
- Staff costs +€29,965
up €29,965 (+151.0%), from €19,842 to €49,807
- Taxes +€20,750
up €20,750 (+191.6%), from €10,830 to €31,580
- Depreciation +€13,101
up €13,101 (+157.2%), from €8,334 to €21,435
- Financial income +€3,332
up €3,332 (+289.7%), from €1,150 to €4,482
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 | €177,386 | €355,182 | +€177,797 | +100.2% |
| Fixed assets | 21/28 | €80,130 | €192,369 | +€112,238 | +140.1% |
| Tangible fixed assets | 22/27 | €80,130 | €192,369 | +€112,238 | +140.1% |
| Land and buildings | 22 | €14,990 | €129,933 | +€114,943 | +766.8% |
| Plant, machinery and equipment | 23 | €12,518 | €9,416 | -€3,103 | -24.8% |
| Furniture and vehicles | 24 | €52,622 | €45,764 | -€6,858 | -13.0% |
| Other tangible fixed assets | 26 | - | €7,256 | +€7,256 | |
| Current assets | 29/58 | €97,255 | €162,814 | +€65,559 | +67.4% |
| Amounts receivable within one year | 40/41 | €25,505 | €89,576 | +€64,072 | +251.2% |
| Trade receivables | 40 | - | €49,368 | +€49,368 | |
| Other amounts receivable | 41 | €25,505 | €40,209 | +€14,704 | +57.7% |
| Cash at bank and in hand | 54/58 | €70,063 | €71,224 | +€1,161 | +1.7% |
| Deferred charges and accrued income | 490/1 | €1,688 | €2,014 | +€326 | +19.3% |
| Total equity and liabilities | 10/49 | €177,386 | €355,182 | +€177,797 | +100.2% |
| Equity | 10/15 | €69,131 | €177,385 | +€108,254 | +156.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €65,131 | €173,385 | +€108,254 | +166.2% |
| Distributable reserves | 133 | €65,131 | €173,385 | +€108,254 | +166.2% |
| Amounts payable | 17/49 | €108,254 | €177,797 | +€69,543 | +64.2% |
| Amounts payable after more than one year | 17 | €28,272 | €144,837 | +€116,565 | +412.3% |
| Financial debts | 170/4 | €28,272 | €144,837 | +€116,565 | +412.3% |
| Amounts payable within one year | 42/48 | €79,982 | €32,960 | -€47,022 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €7,502 | €14,963 | +€7,461 | +99.5% |
| Trade debts | 44 | €40,847 | €10,326 | -€30,521 | -74.7% |
| Suppliers | 440/4 | €40,847 | €10,326 | -€30,521 | -74.7% |
| Advances received on contracts in progress | 46 | €30,822 | - | -€30,822 | |
| Taxes, remuneration and social security | 45 | €812 | €2,470 | +€1,659 | +204.4% |
| Taxes | 450/3 | €812 | €2,470 | +€1,659 | +204.4% |
| Other amounts payable | 47/48 | - | €5,200 | +€5,200 | |
| Remuneration, social security and pensions | 62 | €19,842 | €49,807 | +€29,965 | +151.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,334 | €21,435 | +€13,101 | +157.2% |
| Other operating charges | 640/8 | €2 | €270 | +€268 | +14663.9% |
| Non-recurring operating charges | 66A | €6,191 | €17,968 | +€11,778 | +190.2% |
| Gross operating margin | 9900 | €94,148 | €229,454 | +€135,307 | +143.7% |
| Operating profit (loss) | 9901 | €59,779 | €139,973 | +€80,194 | +134.2% |
| Financial income | 75/76B | €1,150 | €4,482 | +€3,332 | +289.7% |
| Recurring financial income | 75 | €1,150 | €4,482 | +€3,332 | +289.7% |
| Financial charges | 65/66B | €2,530 | €4,622 | +€2,092 | +82.7% |
| Recurring financial charges | 65 | €2,530 | €4,622 | +€2,092 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €58,399 | €139,833 | +€81,435 | +139.4% |
| Income taxes | 67/77 | €10,830 | €31,580 | +€20,750 | +191.6% |
| Profit (loss) for the period | 9904 | €47,569 | €108,254 | +€60,684 | +127.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,569 | €108,254 | +€60,684 | +127.6% |
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 10 October 2026 via checked.be.