ms entreprise: 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 entreprise
Largest movements
- Cash +€46,003
up €46,003 (+182%), from €25,211 to €71,215
mainly Net result for the year (+€37,139) and Investment in fixed assets (net) (+€20,456)
- Tangible fixed assets -€27,889
down €27,889 (-29.7%), from €93,788 to €65,899
of which Furniture and vehicles: -€22,889
- Deferred charges and accrued income +€12,728
up €12,728 (+543%), from €2,342 to €15,070
- Receivables within one year +€8,301
up €8,301 (+7.5%), from €110,990 to €119,291
of which Other amounts receivable: +€17,903
- Reserves +€37,139
up €37,139 (+41.1%), from €90,426 to €127,566
of which Distributable reserves: +€37,139
- Tax, wage and social debts +€16,795
up €16,795 (+77.5%), from €21,683 to €38,478
of which Taxes: +€12,389
- Debts after one year -€12,853
down €12,853 (-27.7%), from €46,388 to €33,535
- Current portion of long-term debt -€3,060
down €3,060 (-28.3%), from €10,806 to €7,745
- Gross operating margin +€62,096
up €62,096 (+89.6%), from €69,288 to €131,384
- Taxes +€21,242
up €21,242 (+884%), from €2,404 to €23,646
- Depreciation -€10,105
down €10,105 (-57.6%), from €17,537 to €7,432
- Staff costs +€8,261
up €8,261 (+18.5%), from €44,623 to €52,884
- Other operating charges -€1,513
down €1,513 (-38.4%), from €3,935 to €2,423
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 | €233,830 | €272,975 | +€39,144 | +16.7% |
| Fixed assets | 21/28 | €95,288 | €67,399 | -€27,889 | -29.3% |
| Tangible fixed assets | 22/27 | €93,788 | €65,899 | -€27,889 | -29.7% |
| Land and buildings | 22 | €68,600 | €63,600 | -€5,000 | -7.3% |
| Furniture and vehicles | 24 | €25,188 | €2,299 | -€22,889 | -90.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €138,543 | €205,576 | +€67,033 | +48.4% |
| Amounts receivable within one year | 40/41 | €110,990 | €119,291 | +€8,301 | +7.5% |
| Trade receivables | 40 | €24,889 | €15,287 | -€9,602 | -38.6% |
| Other amounts receivable | 41 | €86,101 | €104,004 | +€17,903 | +20.8% |
| Cash at bank and in hand | 54/58 | €25,211 | €71,215 | +€46,003 | +182% |
| Deferred charges and accrued income | 490/1 | €2,342 | €15,070 | +€12,728 | +543% |
| Total equity and liabilities | 10/49 | €233,830 | €272,975 | +€39,144 | +16.7% |
| Equity | 10/15 | €142,561 | €179,700 | +€37,139 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,426 | €127,566 | +€37,139 | +41.1% |
| 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 | €88,566 | €125,706 | +€37,139 | +41.9% |
| Profit (loss) carried forward | 14 | €33,535 | €33,535 | = | 0.0% |
| Amounts payable | 17/49 | €91,270 | €93,275 | +€2,005 | +2.2% |
| Amounts payable after more than one year | 17 | €46,388 | €33,535 | -€12,853 | -27.7% |
| Financial debts | 170/4 | €46,388 | €33,535 | -€12,853 | -27.7% |
| Amounts payable within one year | 42/48 | €44,882 | €59,740 | +€14,858 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €10,806 | €7,745 | -€3,060 | -28.3% |
| Trade debts | 44 | €12,243 | €13,366 | +€1,123 | +9.2% |
| Suppliers | 440/4 | €12,243 | €13,366 | +€1,123 | +9.2% |
| Taxes, remuneration and social security | 45 | €21,683 | €38,478 | +€16,795 | +77.5% |
| Taxes | 450/3 | €19,419 | €31,807 | +€12,389 | +63.8% |
| Remuneration and social security | 454/9 | €2,264 | €6,671 | +€4,406 | +195% |
| Other amounts payable | 47/48 | €150 | €150 | = | 0.0% |
| Non-recurring operating income | 76A | €5,418 | €6,774 | +€1,355 | +25.0% |
| Remuneration, social security and pensions | 62 | €44,623 | €52,884 | +€8,261 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,537 | €7,432 | -€10,105 | -57.6% |
| Other operating charges | 640/8 | €3,935 | €2,423 | -€1,513 | -38.4% |
| Non-recurring operating charges | 66A | - | €8,650 | +€8,650 | |
| Gross operating margin | 9900 | €69,288 | €131,384 | +€62,096 | +89.6% |
| Operating profit (loss) | 9901 | €3,193 | €59,996 | +€56,803 | +1,779% |
| Financial income | 75/76B | €4,625 | €4,786 | +€161 | +3.5% |
| Recurring financial income | 75 | €4,625 | €4,786 | +€161 | +3.5% |
| Financial charges | 65/66B | €2,639 | €3,996 | +€1,357 | +51.4% |
| Recurring financial charges | 65 | €2,639 | €3,996 | +€1,357 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €5,179 | €60,785 | +€55,606 | +1,074% |
| Income taxes | 67/77 | €2,404 | €23,646 | +€21,242 | +884% |
| Profit (loss) for the period | 9904 | €2,775 | €37,139 | +€34,364 | +1,238% |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | €37,139 | +€34,364 | +1,238% |
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 19 October 2026 via checked.be.