MS COMPANY: 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 COMPANY
Largest movements
- Receivables within one year -€24,451
down €24,451 (-66.0%), from €37,026 to €12,575
of which Other amounts receivable: -€30,000
- Cash +€7,069
up €7,069 (+7.1%), from €99,025 to €106,094
mainly Net result for the year (+€52,431) and Receivables within one year (+€24,451)
- Other debts -€39,997
down €39,997 (-60.5%), from €66,105 to €26,108
- Reserves +€20,000
up €20,000 (+32.3%), from €61,860 to €81,860
of which Distributable reserves: +€20,000
- Trade debts +€2,866
up €2,866 (+133%), from €2,149 to €5,015
- Profit (loss) carried forward +€2,431
up €2,431 (+70.2%), from €3,464 to €5,895
- Gross operating margin +€4,435
up €4,435 (+5.9%), from €74,657 to €79,092
- Taxes +€945
up €945 (+4.4%), from €21,429 to €22,374
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 | €176,985 | €160,515 | -€16,470 | -9.3% |
| Fixed assets | 21/28 | €644 | €506 | -€138 | -21.4% |
| Tangible fixed assets | 22/27 | €644 | €506 | -€138 | -21.4% |
| Furniture and vehicles | 24 | €496 | €496 | -€0 | 0.0% |
| Other tangible fixed assets | 26 | €148 | €10 | -€138 | -93.2% |
| Current assets | 29/58 | €176,341 | €160,010 | -€16,331 | -9.3% |
| Amounts receivable within one year | 40/41 | €37,026 | €12,575 | -€24,451 | -66.0% |
| Trade receivables | 40 | €7,026 | €12,575 | +€5,549 | +79.0% |
| Other amounts receivable | 41 | €30,000 | - | -€30,000 | |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,025 | €106,094 | +€7,069 | +7.1% |
| Deferred charges and accrued income | 490/1 | €290 | €1,340 | +€1,050 | +362% |
| Total equity and liabilities | 10/49 | €176,985 | €160,515 | -€16,470 | -9.3% |
| Equity | 10/15 | €83,924 | €106,355 | +€22,431 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €81,860 | +€20,000 | +32.3% |
| 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 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Profit (loss) carried forward | 14 | €3,464 | €5,895 | +€2,431 | +70.2% |
| Amounts payable | 17/49 | €93,061 | €54,161 | -€38,900 | -41.8% |
| Amounts payable within one year | 42/48 | €93,061 | €54,161 | -€38,900 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €2,212 | €2,201 | -€11 | -0.5% |
| Trade debts | 44 | €2,149 | €5,015 | +€2,866 | +133% |
| Suppliers | 440/4 | €2,149 | €5,015 | +€2,866 | +133% |
| Taxes, remuneration and social security | 45 | €22,595 | €20,836 | -€1,759 | -7.8% |
| Taxes | 450/3 | €22,595 | €20,836 | -€1,759 | -7.8% |
| Other amounts payable | 47/48 | €66,105 | €26,108 | -€39,997 | -60.5% |
| Non-recurring operating income | 76A | - | €3,521 | +€3,521 | |
| Remuneration, social security and pensions | 62 | €2,464 | €2,464 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €138 | -€270 | -66.1% |
| Other operating charges | 640/8 | €673 | €1,110 | +€437 | +65.0% |
| Non-recurring operating charges | 66A | €289 | €278 | -€11 | -3.8% |
| Gross operating margin | 9900 | €74,657 | €79,092 | +€4,435 | +5.9% |
| Operating profit (loss) | 9901 | €70,823 | €75,101 | +€4,278 | +6.0% |
| Financial income | 75/76B | €791 | €256 | -€535 | -67.6% |
| Recurring financial income | 75 | €791 | €256 | -€535 | -67.6% |
| Financial charges | 65/66B | €507 | €553 | +€46 | +9.0% |
| Recurring financial charges | 65 | €507 | €553 | +€46 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €71,107 | €74,804 | +€3,697 | +5.2% |
| Income taxes | 67/77 | €21,429 | €22,374 | +€945 | +4.4% |
| Profit (loss) for the period | 9904 | €49,678 | €52,431 | +€2,753 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,678 | €52,431 | +€2,753 | +5.5% |
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 30 October 2026 via checked.be.