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
- Cash +€47,307
up €47,307 (+301.1%), from €15,712 to €63,019
mainly Net result for the year (+€25,622) and Tax, wage and social debts (+€12,960)
- Tangible fixed assets -€7,482
down €7,482 (-31.5%), from €23,779 to €16,297
- Receivables within one year +€2,400
new in 2025: €2,400
- Reserves +€25,600
up €25,600 (+595.3%), from €4,300 to €29,900
- Tax, wage and social debts +€12,960
up €12,960 (+284.5%), from €4,555 to €17,515
- Trade debts +€7,362
up €7,362 (+420.6%), from €1,750 to €9,113
- Debts after one year -€4,973
down €4,973 (-31.0%), from €16,047 to €11,074
- Other debts +€976
up €976 (+25.0%), from €3,910 to €4,886
- Gross operating margin +€29,161
up €29,161 (+167.8%), from €17,374 to €46,535
- Taxes +€8,383
up €8,383 (+308.8%), from €2,715 to €11,098
- Depreciation -€798
down €798 (-9.6%), from €8,280 to €7,482
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 | €39,604 | €81,810 | +€42,206 | +106.6% |
| Fixed assets | 21/28 | €23,779 | €16,297 | -€7,482 | -31.5% |
| Tangible fixed assets | 22/27 | €23,779 | €16,297 | -€7,482 | -31.5% |
| Furniture and vehicles | 24 | €23,779 | €16,297 | -€7,482 | -31.5% |
| Current assets | 29/58 | €15,825 | €65,513 | +€49,688 | +314.0% |
| Amounts receivable within one year | 40/41 | - | €2,400 | +€2,400 | |
| Trade receivables | 40 | - | €2,400 | +€2,400 | |
| Cash at bank and in hand | 54/58 | €15,712 | €63,019 | +€47,307 | +301.1% |
| Deferred charges and accrued income | 490/1 | €113 | €95 | -€18 | -16.3% |
| Total equity and liabilities | 10/49 | €39,604 | €81,810 | +€42,206 | +106.6% |
| Equity | 10/15 | €7,328 | €32,949 | +€25,622 | +349.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,300 | €29,900 | +€25,600 | +595.3% |
| Distributable reserves | 133 | €4,300 | €29,900 | +€25,600 | +595.3% |
| Profit (loss) carried forward | 14 | €28 | €49 | +€22 | +78.3% |
| Amounts payable | 17/49 | €32,276 | €48,861 | +€16,584 | +51.4% |
| Amounts payable after more than one year | 17 | €16,047 | €11,074 | -€4,973 | -31.0% |
| Financial debts | 170/4 | €16,047 | €11,074 | -€4,973 | -31.0% |
| Amounts payable within one year | 42/48 | €14,979 | €36,487 | +€21,508 | +143.6% |
| Current portion of amounts payable after more than one year | 42 | €4,764 | €4,973 | +€210 | +4.4% |
| Trade debts | 44 | €1,750 | €9,113 | +€7,362 | +420.6% |
| Suppliers | 440/4 | €1,750 | €9,113 | +€7,362 | +420.6% |
| Taxes, remuneration and social security | 45 | €4,555 | €17,515 | +€12,960 | +284.5% |
| Taxes | 450/3 | €4,555 | €17,515 | +€12,960 | +284.5% |
| Other amounts payable | 47/48 | €3,910 | €4,886 | +€976 | +25.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,300 | +€50 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,280 | €7,482 | -€798 | -9.6% |
| Other operating charges | 640/8 | €763 | €802 | +€39 | +5.2% |
| Gross operating margin | 9900 | €17,374 | €46,535 | +€29,161 | +167.8% |
| Operating profit (loss) | 9901 | €8,331 | €38,250 | +€29,919 | +359.1% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,289 | €1,563 | +€275 | +21.3% |
| Recurring financial charges | 65 | €1,289 | €1,563 | +€275 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €7,042 | €36,720 | +€29,677 | +421.4% |
| Income taxes | 67/77 | €2,715 | €11,098 | +€8,383 | +308.8% |
| Profit (loss) for the period | 9904 | €4,328 | €25,622 | +€21,294 | +492.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,328 | €25,622 | +€21,294 | +492.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.