MS GESTION: what changed
Two fiscal 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 GESTION
Largest movements
- Tangible fixed assets -€11,447
down €11,447 (-29.5%), from €38,788 to €27,341
of which Furniture and vehicles: -€10,214
- Receivables within one year -€9,000
down €9,000 (-75.0%), from €12,000 to €3,000
- Cash +€4,161
up €4,161 (+24.8%), from €16,784 to €20,945
mainly Depreciation (+€11,447) and Net result for the year (+€9,534)
- Other debts -€11,784
down €11,784 (-53.2%), from €22,131 to €10,346
- Profit (loss) carried forward +€9,534
up €9,534 (+1824.6%), from €523 to €10,056
- Debts after one year -€8,039
down €8,039 (-37.5%), from €21,449 to €13,411
- Tax, wage and social debts -€4,419
down €4,419 (-41.7%), from €10,590 to €6,171
- Trade debts -€1,598
down €1,598 (-34.9%), from €4,583 to €2,986
- Gross operating margin -€28,001
down €28,001 (-51.0%), from €54,917 to €26,916
- Taxes -€9,334
down €9,334 (-71.3%), from €13,085 to €3,752
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.
Cash bridge derived
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 | €68,996 | €53,009 | -€15,987 | -23.2% |
| Fixed assets | 21/28 | €38,788 | €27,341 | -€11,447 | -29.5% |
| Tangible fixed assets | 22/27 | €38,788 | €27,341 | -€11,447 | -29.5% |
| Furniture and vehicles | 24 | €35,296 | €25,082 | -€10,214 | -28.9% |
| Other tangible fixed assets | 26 | €3,492 | €2,260 | -€1,233 | -35.3% |
| Current assets | 29/58 | €30,208 | €25,667 | -€4,540 | -15.0% |
| Amounts receivable within one year | 40/41 | €12,000 | €3,000 | -€9,000 | -75.0% |
| Other amounts receivable | 41 | €12,000 | €3,000 | -€9,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €16,784 | €20,945 | +€4,161 | +24.8% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,723 | +€299 | +21.0% |
| Total equity and liabilities | 10/49 | €68,996 | €53,009 | -€15,987 | -23.2% |
| Equity | 10/15 | €2,523 | €12,056 | +€9,534 | +377.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523 | €10,056 | +€9,534 | +1824.6% |
| Amounts payable | 17/49 | €66,474 | €40,953 | -€25,521 | -38.4% |
| Amounts payable after more than one year | 17 | €21,449 | €13,411 | -€8,039 | -37.5% |
| Financial debts | 170/4 | €21,449 | €13,411 | -€8,039 | -37.5% |
| Amounts payable within one year | 42/48 | €45,024 | €27,542 | -€17,482 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €7,720 | €8,039 | +€318 | +4.1% |
| Trade debts | 44 | €4,583 | €2,986 | -€1,598 | -34.9% |
| Suppliers | 440/4 | €4,583 | €2,986 | -€1,598 | -34.9% |
| Taxes, remuneration and social security | 45 | €10,590 | €6,171 | -€4,419 | -41.7% |
| Taxes | 450/3 | €10,590 | €6,171 | -€4,419 | -41.7% |
| Other amounts payable | 47/48 | €22,131 | €10,346 | -€11,784 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,378 | €11,447 | +€69 | +0.6% |
| Other operating charges | 640/8 | €504 | €802 | +€298 | +59.1% |
| Gross operating margin | 9900 | €54,917 | €26,916 | -€28,001 | -51.0% |
| Operating profit (loss) | 9901 | €43,035 | €14,667 | -€28,368 | -65.9% |
| Financial charges | 65/66B | €1,594 | €1,382 | -€212 | -13.3% |
| Recurring financial charges | 65 | €1,594 | €1,382 | -€212 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €41,441 | €13,285 | -€28,155 | -67.9% |
| Income taxes | 67/77 | €13,085 | €3,752 | -€9,334 | -71.3% |
| Profit (loss) for the period | 9904 | €28,355 | €9,534 | -€18,821 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,355 | €9,534 | -€18,821 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.