MS CONSTRUCTION & RENOVATION: 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 & RENOVATION
Largest movements
- Cash -€26,800
down €26,800 (-56.0%), from €47,835 to €21,035
mainly Net result for the year (-€25,764) and Other debts (-€9,403)
- Receivables within one year -€3,039
down €3,039 (-18.0%), from €16,894 to €13,855
of which Trade receivables: -€5,380
- Profit (loss) carried forward -€25,764
down €25,764 (-69.3%), from €37,185 to €11,421
- Other debts -€9,403
down €9,403 (-53.4%), from €17,623 to €8,220
- Trade debts +€4,990
new in 2025: €4,990
- Turnover -€265,250
down €265,250 (-94.4%), from €281,000 to €15,750
- Purchases and services -€249,322
down €249,322 (-85.9%), from €290,295 to €40,973
- Gross operating margin -€15,928
down €15,928 (-171%), from -€9,295 to -€25,223
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 | €65,067 | €34,890 | -€30,177 | -46.4% |
| Current assets | 29/58 | €65,067 | €34,890 | -€30,177 | -46.4% |
| Amounts receivable within one year | 40/41 | €16,894 | €13,855 | -€3,039 | -18.0% |
| Trade receivables | 40 | €15,355 | €9,975 | -€5,380 | -35.0% |
| Other amounts receivable | 41 | €1,539 | €3,880 | +€2,341 | +152% |
| Cash at bank and in hand | 54/58 | €47,835 | €21,035 | -€26,800 | -56.0% |
| Deferred charges and accrued income | 490/1 | €338 | - | -€338 | |
| Total equity and liabilities | 10/49 | €65,067 | €34,890 | -€30,177 | -46.4% |
| Equity | 10/15 | €47,444 | €21,680 | -€25,764 | -54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,059 | €4,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,059 | €4,059 | = | 0.0% |
| Legal reserve | 130 | €4,059 | €4,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,185 | €11,421 | -€25,764 | -69.3% |
| Amounts payable | 17/49 | €17,623 | €13,210 | -€4,413 | -25.0% |
| Amounts payable within one year | 42/48 | €17,623 | €13,210 | -€4,413 | -25.0% |
| Trade debts | 44 | - | €4,990 | +€4,990 | |
| Suppliers | 440/4 | - | €4,990 | +€4,990 | |
| Other amounts payable | 47/48 | €17,623 | €8,220 | -€9,403 | -53.4% |
| Turnover | 70 | €281,000 | €15,750 | -€265,250 | -94.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €290,295 | €40,973 | -€249,322 | -85.9% |
| Remuneration, social security and pensions | 62 | €320 | €387 | +€67 | +20.9% |
| Gross operating margin | 9900 | -€9,295 | -€25,223 | -€15,928 | -171% |
| Operating profit (loss) | 9901 | -€9,615 | -€25,610 | -€15,995 | -166% |
| Financial charges | 65/66B | €154 | €154 | = | 0.0% |
| Recurring financial charges | 65 | €154 | €154 | = | 0.0% |
| Non-recurring financial charges | 66B | €154 | €154 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,769 | -€25,764 | -€15,995 | -164% |
| Profit (loss) for the period | 9904 | -€9,769 | -€25,764 | -€15,995 | -164% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,769 | -€25,764 | -€15,995 | -164% |
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 28 October 2026 via checked.be.