MS MAINTENANCE: 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 MAINTENANCE
Largest movements
- Receivables within one year +€33,490
up €33,490 (+30.4%), from €110,336 to €143,826
of which Other amounts receivable: +€19,844
- Tangible fixed assets -€12,006
down €12,006 (-33.4%), from €35,979 to €23,973
- Cash -€2,672
down €2,672 (-98.6%), from €2,710 to €39
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€33,490)
- Deferred charges and accrued income -€2,113
down €2,113 (-100.0%), from €2,113 to €0
- Profit (loss) carried forward +€29,173
up €29,173 (+43.0%), from €67,908 to €97,081
- Current portion of long-term debt -€6,763
down €6,763 (-35.9%), from €18,855 to €12,092
- Debts after one year -€6,460
no longer reported in 2024 (was €6,460)
- Tax, wage and social debts +€1,684
up €1,684 (+10.9%), from €15,403 to €17,086
- Gross operating margin -€7,928
down €7,928 (-8.4%), from €93,923 to €85,995
- Financial income +€3,869
up €3,869 (+434.0%), from €891 to €4,760
- Depreciation +€2,664
up €2,664 (+25.6%), from €10,399 to €13,063
- Other operating charges +€2,535
up €2,535 (+278.9%), from €909 to €3,444
- Taxes -€1,688
down €1,688 (-16.5%), from €10,256 to €8,568
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.
Cash bridge derived
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 | €151,138 | €167,838 | +€16,700 | +11.0% |
| Fixed assets | 21/28 | €35,979 | €23,973 | -€12,006 | -33.4% |
| Tangible fixed assets | 22/27 | €35,979 | €23,973 | -€12,006 | -33.4% |
| Plant, machinery and equipment | 23 | €5,276 | €1,082 | -€4,195 | -79.5% |
| Furniture and vehicles | 24 | €13,701 | €11,383 | -€2,317 | -16.9% |
| Leasing and similar rights | 25 | €17,002 | €11,508 | -€5,494 | -32.3% |
| Current assets | 29/58 | €115,159 | €143,865 | +€28,706 | +24.9% |
| Amounts receivable within one year | 40/41 | €110,336 | €143,826 | +€33,490 | +30.4% |
| Trade receivables | 40 | €43,476 | €57,121 | +€13,646 | +31.4% |
| Other amounts receivable | 41 | €66,861 | €86,705 | +€19,844 | +29.7% |
| Cash at bank and in hand | 54/58 | €2,710 | €39 | -€2,672 | -98.6% |
| Deferred charges and accrued income | 490/1 | €2,113 | €0 | -€2,113 | -100.0% |
| Total equity and liabilities | 10/49 | €151,138 | €167,838 | +€16,700 | +11.0% |
| Equity | 10/15 | €67,908 | €97,081 | +€29,173 | +43.0% |
| Profit (loss) carried forward | 14 | €67,908 | €97,081 | +€29,173 | +43.0% |
| Amounts payable | 17/49 | €83,230 | €70,757 | -€12,473 | -15.0% |
| Amounts payable after more than one year | 17 | €6,460 | - | -€6,460 | |
| Financial debts | 170/4 | €6,460 | - | -€6,460 | |
| Amounts payable within one year | 42/48 | €76,770 | €70,757 | -€6,013 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €18,855 | €12,092 | -€6,763 | -35.9% |
| Trade debts | 44 | €7,513 | €6,579 | -€934 | -12.4% |
| Suppliers | 440/4 | €7,513 | €6,579 | -€934 | -12.4% |
| Taxes, remuneration and social security | 45 | €15,403 | €17,086 | +€1,684 | +10.9% |
| Taxes | 450/3 | €15,403 | €17,086 | +€1,684 | +10.9% |
| Other amounts payable | 47/48 | €35,000 | €35,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,399 | €13,063 | +€2,664 | +25.6% |
| Other operating charges | 640/8 | €909 | €3,444 | +€2,535 | +278.9% |
| Gross operating margin | 9900 | €93,923 | €85,995 | -€7,928 | -8.4% |
| Operating profit (loss) | 9901 | €82,615 | €69,488 | -€13,127 | -15.9% |
| Financial income | 75/76B | €891 | €4,760 | +€3,869 | +434.0% |
| Recurring financial income | 75 | €891 | €4,760 | +€3,869 | +434.0% |
| Financial charges | 65/66B | €794 | €1,507 | +€713 | +89.9% |
| Recurring financial charges | 65 | €794 | €1,507 | +€713 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €82,712 | €72,741 | -€9,971 | -12.1% |
| Income taxes | 67/77 | €10,256 | €8,568 | -€1,688 | -16.5% |
| Profit (loss) for the period | 9904 | €72,457 | €64,173 | -€8,283 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,457 | €64,173 | -€8,283 | -11.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.