MS-CLEAN: 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-CLEAN
Largest movements
- Cash -€19,434
down €19,434 (-8.1%), from €239,194 to €219,760
mainly Other debts (-€43,000) and Investment in fixed assets (net) (-€36,480)
- Tangible fixed assets +€17,540
up €17,540 (+38.7%), from €45,327 to €62,867
- Receivables within one year +€8,970
up €8,970 (+7.6%), from €118,797 to €127,767
of which Other amounts receivable: +€20,414
- Reserves +€78,140
up €78,140 (+245.3%), from €31,860 to €110,000
of which Distributable reserves: +€78,140
- Other debts -€43,000
no longer reported in 2025 (was €43,000)
- Tax, wage and social debts -€17,250
down €17,250 (-29.2%), from €59,144 to €41,895
- Trade debts -€12,951
down €12,951 (-90.7%), from €14,279 to €1,328
- Gross operating margin +€19,919
up €19,919 (+14.7%), from €135,149 to €155,067
- Write-downs +€16,400
new in 2025: €16,400
- Taxes +€13,359
up €13,359 (+47.5%), from €28,098 to €41,457
- Other operating charges -€3,834
down €3,834 (-71.1%), from €5,391 to €1,557
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 | €409,141 | €413,943 | +€4,802 | +1.2% |
| Fixed assets | 21/28 | €45,944 | €63,485 | +€17,540 | +38.2% |
| Tangible fixed assets | 22/27 | €45,327 | €62,867 | +€17,540 | +38.7% |
| Furniture and vehicles | 24 | €45,327 | €62,867 | +€17,540 | +38.7% |
| Financial fixed assets | 28 | €617 | €617 | = | 0.0% |
| Current assets | 29/58 | €363,197 | €350,459 | -€12,738 | -3.5% |
| Amounts receivable within one year | 40/41 | €118,797 | €127,767 | +€8,970 | +7.6% |
| Trade receivables | 40 | €91,409 | €79,965 | -€11,444 | -12.5% |
| Other amounts receivable | 41 | €27,387 | €47,802 | +€20,414 | +74.5% |
| Cash at bank and in hand | 54/58 | €239,194 | €219,760 | -€19,434 | -8.1% |
| Deferred charges and accrued income | 490/1 | €5,206 | €2,932 | -€2,274 | -43.7% |
| Total equity and liabilities | 10/49 | €409,141 | €413,943 | +€4,802 | +1.2% |
| Equity | 10/15 | €292,577 | €370,720 | +€78,143 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €110,000 | +€78,140 | +245.3% |
| 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 | €30,000 | €108,140 | +€78,140 | +260.5% |
| Profit (loss) carried forward | 14 | €254,517 | €254,520 | +€3 | 0.0% |
| Amounts payable | 17/49 | €116,564 | €43,223 | -€73,341 | -62.9% |
| Amounts payable within one year | 42/48 | €116,424 | €43,223 | -€73,201 | -62.9% |
| Trade debts | 44 | €14,279 | €1,328 | -€12,951 | -90.7% |
| Suppliers | 440/4 | €14,279 | €1,328 | -€12,951 | -90.7% |
| Taxes, remuneration and social security | 45 | €59,144 | €41,895 | -€17,250 | -29.2% |
| Taxes | 450/3 | €59,144 | €41,895 | -€17,250 | -29.2% |
| Other amounts payable | 47/48 | €43,000 | - | -€43,000 | |
| Accrued charges and deferred income | 492/3 | €140 | - | -€140 | |
| Non-recurring operating income | 76A | - | €19,710 | +€19,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,068 | €18,940 | +€871 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,400 | +€16,400 | |
| Other operating charges | 640/8 | €5,391 | €1,557 | -€3,834 | -71.1% |
| Gross operating margin | 9900 | €135,149 | €155,067 | +€19,919 | +14.7% |
| Operating profit (loss) | 9901 | €111,689 | €118,171 | +€6,482 | +5.8% |
| Financial income | 75/76B | €1,377 | €2,031 | +€654 | +47.5% |
| Recurring financial income | 75 | €1,377 | €2,031 | +€654 | +47.5% |
| Financial charges | 65/66B | €77 | €601 | +€525 | +684.8% |
| Recurring financial charges | 65 | €77 | €601 | +€525 | +684.8% |
| Profit (loss) for the period before taxes | 9903 | €112,989 | €119,600 | +€6,611 | +5.9% |
| Income taxes | 67/77 | €28,098 | €41,457 | +€13,359 | +47.5% |
| Profit (loss) for the period | 9904 | €84,891 | €78,143 | -€6,748 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,891 | €78,143 | -€6,748 | -7.9% |
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.