MS FOOD: 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 FOOD
Largest movements
- Receivables within one year +€24,492
up €24,492 (+85.1%), from €28,796 to €53,288
of which Other amounts receivable: +€21,221
- Cash +€19,242
up €19,242 (+16.7%), from €115,476 to €134,718
mainly Net result for the year (+€77,885) and Other debts (+€15,000)
- Profit (loss) carried forward +€22,885
up €22,885 (+30.6%), from €74,908 to €97,793
- Other debts +€15,000
up €15,000 (+37.5%), from €40,000 to €55,000
- Trade debts +€4,705
up €4,705 (+25.0%), from €18,829 to €23,535
- Staff costs -€31,735
down €31,735 (-40.1%), from €79,063 to €47,328
- Taxes +€14,083
new in 2025: €14,083
- Gross operating margin -€13,084
down €13,084 (-8.1%), from €161,068 to €147,984
- Depreciation -€1,668
down €1,668 (-44.1%), from €3,785 to €2,117
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 | €149,518 | €192,633 | +€43,116 | +28.8% |
| Fixed assets | 21/28 | €4,069 | €3,042 | -€1,027 | -25.2% |
| Tangible fixed assets | 22/27 | €4,069 | €3,042 | -€1,027 | -25.2% |
| Plant, machinery and equipment | 23 | - | €774 | +€774 | |
| Furniture and vehicles | 24 | €4,069 | €2,267 | -€1,801 | -44.3% |
| Current assets | 29/58 | €145,449 | €189,592 | +€44,143 | +30.3% |
| Stocks and contracts in progress | 3 | €1,177 | €1,038 | -€139 | -11.8% |
| Stocks | 30/36 | €1,177 | €1,038 | -€139 | -11.8% |
| Amounts receivable within one year | 40/41 | €28,796 | €53,288 | +€24,492 | +85.1% |
| Trade receivables | 40 | €17,501 | €20,772 | +€3,271 | +18.7% |
| Other amounts receivable | 41 | €11,295 | €32,516 | +€21,221 | +188% |
| Cash at bank and in hand | 54/58 | €115,476 | €134,718 | +€19,242 | +16.7% |
| Deferred charges and accrued income | 490/1 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €149,518 | €192,633 | +€43,116 | +28.8% |
| Equity | 10/15 | €84,908 | €107,793 | +€22,885 | +27.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,908 | €97,793 | +€22,885 | +30.6% |
| Amounts payable | 17/49 | €64,609 | €84,840 | +€20,231 | +31.3% |
| Amounts payable within one year | 42/48 | €64,609 | €84,840 | +€20,231 | +31.3% |
| Trade debts | 44 | €18,829 | €23,535 | +€4,705 | +25.0% |
| Suppliers | 440/4 | €18,829 | €23,535 | +€4,705 | +25.0% |
| Taxes, remuneration and social security | 45 | €5,780 | €6,305 | +€525 | +9.1% |
| Remuneration and social security | 454/9 | €5,780 | €6,305 | +€525 | +9.1% |
| Other amounts payable | 47/48 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Remuneration, social security and pensions | 62 | €79,063 | €47,328 | -€31,735 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,785 | €2,117 | -€1,668 | -44.1% |
| Other operating charges | 640/8 | €4,152 | €4,925 | +€773 | +18.6% |
| Gross operating margin | 9900 | €161,068 | €147,984 | -€13,084 | -8.1% |
| Operating profit (loss) | 9901 | €74,068 | €93,614 | +€19,546 | +26.4% |
| Financial income | 75/76B | €1 | €1 | -€1 | -52.6% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -52.6% |
| Financial charges | 65/66B | €2,018 | €1,647 | -€371 | -18.4% |
| Recurring financial charges | 65 | €2,018 | €1,647 | -€371 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €72,051 | €91,968 | +€19,917 | +27.6% |
| Income taxes | 67/77 | - | €14,083 | +€14,083 | |
| Profit (loss) for the period | 9904 | €72,051 | €77,885 | +€5,834 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,051 | €77,885 | +€5,834 | +8.1% |
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 20 October 2026 via checked.be.