MS Oostende: 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 Oostende
Largest movements
- Tangible fixed assets -€55,073
down €55,073 (-15.3%), from €359,567 to €304,494
- Receivables within one year -€41,136
down €41,136 (-81.9%), from €50,212 to €9,076
of which Trade receivables: -€48,829
- Cash -€39,042
down €39,042 (-32.6%), from €119,757 to €80,715
mainly Debts after one year (-€68,480) and Other debts (-€51,745)
- Debts after one year -€68,480
down €68,480 (-46.5%), from €147,122 to €78,642
- Current portion of long-term debt +€57,050
up €57,050 (+152%), from €37,595 to €94,645
- Other debts -€51,745
down €51,745 (-33.3%), from €155,577 to €103,831
- Accrued charges and deferred income -€44,454
down €44,454 (-74.0%), from €60,081 to €15,627
- Reserves -€19,213
down €19,213 (-27.0%), from €71,056 to €51,843
- Staff costs +€23,812
up €23,812 (+40.4%), from €58,903 to €82,715
- Depreciation +€14,164
up €14,164 (+24.8%), from €57,052 to €71,216
- Other operating charges +€8,177
up €8,177 (+403%), from €2,030 to €10,206
- Taxes -€7,747
down €7,747 (-92.7%), from €8,361 to €614
- Gross operating margin +€5,353
up €5,353 (+3.5%), from €152,184 to €157,537
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 | €529,937 | €397,186 | -€132,751 | -25.1% |
| Fixed assets | 21/28 | €359,967 | €304,894 | -€55,073 | -15.3% |
| Tangible fixed assets | 22/27 | €359,567 | €304,494 | -€55,073 | -15.3% |
| Plant, machinery and equipment | 23 | €22,858 | €16,678 | -€6,180 | -27.0% |
| Furniture and vehicles | 24 | €143,833 | €121,487 | -€22,346 | -15.5% |
| Other tangible fixed assets | 26 | €192,877 | €166,329 | -€26,548 | -13.8% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €169,969 | €92,292 | -€77,677 | -45.7% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €50,212 | €9,076 | -€41,136 | -81.9% |
| Trade receivables | 40 | €48,864 | €35 | -€48,829 | -99.9% |
| Other amounts receivable | 41 | €1,348 | €9,041 | +€7,694 | +571% |
| Cash at bank and in hand | 54/58 | €119,757 | €80,715 | -€39,042 | -32.6% |
| Total equity and liabilities | 10/49 | €529,937 | €397,186 | -€132,751 | -25.1% |
| Equity | 10/15 | €74,656 | €55,443 | -€19,213 | -25.7% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €71,056 | €51,843 | -€19,213 | -27.0% |
| Distributable reserves | 133 | €71,056 | €51,843 | -€19,213 | -27.0% |
| Amounts payable | 17/49 | €455,281 | €341,743 | -€113,538 | -24.9% |
| Amounts payable after more than one year | 17 | €147,122 | €78,642 | -€68,480 | -46.5% |
| Financial debts | 170/4 | €147,122 | €78,642 | -€68,480 | -46.5% |
| Amounts payable within one year | 42/48 | €248,078 | €247,474 | -€604 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €37,595 | €94,645 | +€57,050 | +152% |
| Trade debts | 44 | €27,964 | €26,239 | -€1,725 | -6.2% |
| Suppliers | 440/4 | €27,964 | €26,239 | -€1,725 | -6.2% |
| Taxes, remuneration and social security | 45 | €26,943 | €22,759 | -€4,184 | -15.5% |
| Taxes | 450/3 | €22,366 | €13,312 | -€9,054 | -40.5% |
| Remuneration and social security | 454/9 | €4,577 | €9,447 | +€4,870 | +106% |
| Other amounts payable | 47/48 | €155,577 | €103,831 | -€51,745 | -33.3% |
| Accrued charges and deferred income | 492/3 | €60,081 | €15,627 | -€44,454 | -74.0% |
| Remuneration, social security and pensions | 62 | €58,903 | €82,715 | +€23,812 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,052 | €71,216 | +€14,164 | +24.8% |
| Other operating charges | 640/8 | €2,030 | €10,206 | +€8,177 | +403% |
| Gross operating margin | 9900 | €152,184 | €157,537 | +€5,353 | +3.5% |
| Operating profit (loss) | 9901 | €34,199 | -€6,601 | -€40,800 | |
| Financial income | 75/76B | €352 | €834 | +€482 | +137% |
| Recurring financial income | 75 | €352 | €834 | +€482 | +137% |
| Financial charges | 65/66B | €8,788 | €12,833 | +€4,045 | +46.0% |
| Recurring financial charges | 65 | €8,788 | €12,833 | +€4,045 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €25,764 | -€18,599 | -€44,363 | |
| Income taxes | 67/77 | €8,361 | €614 | -€7,747 | -92.7% |
| Profit (loss) for the period | 9904 | €17,403 | -€19,213 | -€36,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,403 | -€19,213 | -€36,616 |
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 13 October 2026 via checked.be.