MS CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Cash -€45,360
down €45,360 (-66.4%), from €68,343 to €22,983
mainly Trade debts (-€25,192) and Tax, wage and social debts (-€11,654)
- Receivables within one year -€1,088
down €1,088 (-12.3%), from €8,873 to €7,785
of which Other amounts receivable: -€7,985
- Trade debts -€25,192
down €25,192 (-95.0%), from €26,526 to €1,334
- Tax, wage and social debts -€11,654
down €11,654 (-72.0%), from €16,196 to €4,541
- Profit (loss) carried forward -€9,446
down €9,446 (-76.7%), from €12,313 to €2,867
- Gross operating margin -€36,306
down €36,306, from €27,750 to -€8,556
- Taxes -€4,541
down €4,541, from €4,541 to -€0
- Other operating charges +€336
up €336 (+86.7%), from €387 to €723
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 | €77,216 | €30,768 | -€46,448 | -60.2% |
| Current assets | 29/58 | €77,216 | €30,768 | -€46,448 | -60.2% |
| Amounts receivable within one year | 40/41 | €8,873 | €7,785 | -€1,088 | -12.3% |
| Trade receivables | 40 | - | €6,897 | +€6,897 | |
| Other amounts receivable | 41 | €8,873 | €888 | -€7,985 | -90.0% |
| Cash at bank and in hand | 54/58 | €68,343 | €22,983 | -€45,360 | -66.4% |
| Total equity and liabilities | 10/49 | €77,216 | €30,768 | -€46,448 | -60.2% |
| Equity | 10/15 | €30,473 | €21,027 | -€9,446 | -31.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| 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 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,313 | €2,867 | -€9,446 | -76.7% |
| Amounts payable | 17/49 | €46,743 | €9,741 | -€37,002 | -79.2% |
| Amounts payable within one year | 42/48 | €46,743 | €9,741 | -€37,002 | -79.2% |
| Trade debts | 44 | €26,526 | €1,334 | -€25,192 | -95.0% |
| Suppliers | 440/4 | €26,526 | €1,334 | -€25,192 | -95.0% |
| Taxes, remuneration and social security | 45 | €16,196 | €4,541 | -€11,654 | -72.0% |
| Taxes | 450/3 | €16,196 | €4,541 | -€11,654 | -72.0% |
| Other amounts payable | 47/48 | €4,022 | €3,866 | -€156 | -3.9% |
| Other operating charges | 640/8 | €387 | €723 | +€336 | +86.7% |
| Gross operating margin | 9900 | €27,750 | -€8,556 | -€36,306 | |
| Operating profit (loss) | 9901 | €27,363 | -€9,279 | -€36,641 | |
| Financial charges | 65/66B | €153 | €167 | +€13 | +8.8% |
| Recurring financial charges | 65 | €153 | €167 | +€13 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €27,209 | -€9,446 | -€36,655 | |
| Income taxes | 67/77 | €4,541 | -€0 | -€4,541 | |
| Profit (loss) for the period | 9904 | €22,668 | -€9,446 | -€32,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,668 | -€9,446 | -€32,114 |
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 16 October 2026 via checked.be.