MS ELECTRIC: 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 ELECTRIC
Largest movements
- Tangible fixed assets +€49,429
up €49,429 (+296%), from €16,685 to €66,115
of which Furniture and vehicles: +€46,740
- Deferred charges and accrued income -€7,200
down €7,200 (-32.4%), from €22,200 to €15,000
- Receivables within one year +€4,046
up €4,046 (+17.0%), from €23,764 to €27,810
of which Other amounts receivable: +€2,440
- Stocks and contracts +€3,000
up €3,000 (+12.8%), from €23,516 to €26,516
- Cash +€1,716
up €1,716 (+51.4%), from €3,341 to €5,057
mainly Debts after one year (+€34,495) and Depreciation (+€8,263)
- Debts after one year +€34,495
new in 2024: €34,495
- Current portion of long-term debt +€7,223
new in 2024: €7,223
- Profit (loss) carried forward +€4,526
up €4,526 (+14.0%), from -€32,399 to -€27,873
- Trade debts +€4,129
up €4,129 (+48.5%), from €8,513 to €12,642
- Turnover -€46,384
down €46,384 (-18.3%), from €252,921 to €206,537
- Purchases and services -€40,063
down €40,063 (-17.1%), from €233,902 to €193,840
- Gross operating margin -€5,552
down €5,552 (-24.9%), from €22,298 to €16,746
- Depreciation +€5,367
up €5,367 (+185%), from €2,896 to €8,263
- Staff costs -€4,329
no longer reported in 2024 (was €4,329)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,507 | €140,498 | +€50,991 | +57.0% |
| Fixed assets | 21/28 | €16,685 | €66,115 | +€49,429 | +296% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €16,685 | €66,115 | +€49,429 | +296% |
| Land and buildings | 22 | €16,685 | €14,449 | -€2,236 | -13.4% |
| Plant, machinery and equipment | 23 | €0 | €4,926 | +€4,926 | |
| Furniture and vehicles | 24 | €0 | €46,740 | +€46,740 | |
| Current assets | 29/58 | €72,821 | €74,383 | +€1,562 | +2.1% |
| Stocks and contracts in progress | 3 | €23,516 | €26,516 | +€3,000 | +12.8% |
| Stocks | 30/36 | €23,516 | €26,516 | +€3,000 | +12.8% |
| Amounts receivable within one year | 40/41 | €23,764 | €27,810 | +€4,046 | +17.0% |
| Trade receivables | 40 | €23,015 | €24,621 | +€1,606 | +7.0% |
| Other amounts receivable | 41 | €749 | €3,189 | +€2,440 | +326% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,341 | €5,057 | +€1,716 | +51.4% |
| Deferred charges and accrued income | 490/1 | €22,200 | €15,000 | -€7,200 | -32.4% |
| Total equity and liabilities | 10/49 | €89,507 | €140,498 | +€50,991 | +57.0% |
| Equity | 10/15 | €71,761 | €76,287 | +€4,526 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,560 | €85,560 | = | 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 | €83,700 | €83,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,399 | -€27,873 | +€4,526 | +14.0% |
| Amounts payable | 17/49 | €17,746 | €64,211 | +€46,465 | +262% |
| Amounts payable after more than one year | 17 | - | €34,495 | +€34,495 | |
| Financial debts | 170/4 | - | €34,495 | +€34,495 | |
| Amounts payable within one year | 42/48 | €17,746 | €29,716 | +€11,970 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,223 | +€7,223 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,513 | €12,642 | +€4,129 | +48.5% |
| Suppliers | 440/4 | €8,513 | €12,642 | +€4,129 | +48.5% |
| Taxes, remuneration and social security | 45 | €3,410 | €3,430 | +€20 | +0.6% |
| Taxes | 450/3 | €243 | €600 | +€357 | +147% |
| Remuneration and social security | 454/9 | €3,167 | €2,831 | -€337 | -10.6% |
| Other amounts payable | 47/48 | €5,822 | €6,420 | +€598 | +10.3% |
| Turnover | 70 | €252,921 | €206,537 | -€46,384 | -18.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €233,902 | €193,840 | -€40,063 | -17.1% |
| Remuneration, social security and pensions | 62 | €4,329 | - | -€4,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,896 | €8,263 | +€5,367 | +185% |
| Other operating charges | 640/8 | €453 | €1,625 | +€1,172 | +259% |
| Gross operating margin | 9900 | €22,298 | €16,746 | -€5,552 | -24.9% |
| Operating profit (loss) | 9901 | €14,620 | €6,857 | -€7,763 | -53.1% |
| Financial income | 75/76B | €436 | €35 | -€401 | -92.0% |
| Recurring financial income | 75 | €436 | €35 | -€401 | -92.0% |
| Financial charges | 65/66B | €1,313 | €2,010 | +€696 | +53.0% |
| Recurring financial charges | 65 | €1,313 | €2,010 | +€696 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €13,743 | €4,883 | -€8,860 | -64.5% |
| Income taxes | 67/77 | €119 | €357 | +€238 | +200% |
| Profit (loss) for the period | 9904 | €13,624 | €4,526 | -€9,098 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,624 | €4,526 | -€9,098 | -66.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.