MS PARTS: 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 PARTS
Largest movements
- Tangible fixed assets -€10,003
down €10,003 (-4.4%), from €228,370 to €218,367
of which Land and buildings: -€11,609
- Debts after one year -€25,007
down €25,007 (-16.3%), from €153,118 to €128,111
- Trade debts +€20,376
up €20,376 (+45.6%), from €44,644 to €65,020
- Tax, wage and social debts -€8,938
down €8,938 (-40.3%), from €22,180 to €13,242
- Reserves +€6,500
up €6,500 (+13.6%), from €47,860 to €54,360
of which Distributable reserves: +€6,500
- Contributions -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin -€18,167
down €18,167 (-26.5%), from €68,652 to €50,485
- Taxes -€5,881
down €5,881 (-76.3%), from €7,712 to €1,831
- Depreciation +€3,146
up €3,146 (+10.8%), from €29,097 to €32,243
- Write-downs -€1,986
down €1,986 (-85.0%), from €2,336 to €350
- Financial charges -€861
down €861 (-14.3%), from €6,035 to €5,174
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 | €388,061 | €376,429 | -€11,632 | -3.0% |
| Fixed assets | 21/28 | €230,185 | €220,182 | -€10,003 | -4.3% |
| Tangible fixed assets | 22/27 | €228,370 | €218,367 | -€10,003 | -4.4% |
| Land and buildings | 22 | €162,621 | €151,012 | -€11,609 | -7.1% |
| Plant, machinery and equipment | 23 | €8,115 | €11,679 | +€3,564 | +43.9% |
| Furniture and vehicles | 24 | €36,033 | €25,910 | -€10,123 | -28.1% |
| Other tangible fixed assets | 26 | €21,601 | €29,766 | +€8,165 | +37.8% |
| Financial fixed assets | 28 | €1,815 | €1,815 | = | 0.0% |
| Current assets | 29/58 | €157,876 | €156,247 | -€1,629 | -1.0% |
| Stocks and contracts in progress | 3 | €8,989 | €8,794 | -€195 | -2.2% |
| Stocks | 30/36 | €8,989 | €8,794 | -€195 | -2.2% |
| Amounts receivable within one year | 40/41 | €112,280 | €109,263 | -€3,017 | -2.7% |
| Trade receivables | 40 | €111,808 | €105,098 | -€6,710 | -6.0% |
| Other amounts receivable | 41 | €472 | €4,165 | +€3,693 | +782% |
| Cash at bank and in hand | 54/58 | €32,492 | €31,982 | -€510 | -1.6% |
| Deferred charges and accrued income | 490/1 | €4,115 | €6,208 | +€2,093 | +50.9% |
| Total equity and liabilities | 10/49 | €388,061 | €376,429 | -€11,632 | -3.0% |
| Equity | 10/15 | €143,985 | €145,550 | +€1,565 | +1.1% |
| Contributions | 10/11 | €5,000 | €0 | -€5,000 | -100% |
| Reserves | 13 | €47,860 | €54,360 | +€6,500 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,000 | €52,500 | +€6,500 | +14.1% |
| Profit (loss) carried forward | 14 | €91,125 | €91,190 | +€65 | +0.1% |
| Amounts payable | 17/49 | €244,076 | €230,879 | -€13,197 | -5.4% |
| Amounts payable after more than one year | 17 | €153,118 | €128,111 | -€25,007 | -16.3% |
| Financial debts | 170/4 | €153,118 | €128,111 | -€25,007 | -16.3% |
| Amounts payable within one year | 42/48 | €90,788 | €102,768 | +€11,980 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €23,964 | €24,506 | +€542 | +2.3% |
| Trade debts | 44 | €44,644 | €65,020 | +€20,376 | +45.6% |
| Suppliers | 440/4 | €44,644 | €65,020 | +€20,376 | +45.6% |
| Taxes, remuneration and social security | 45 | €22,180 | €13,242 | -€8,938 | -40.3% |
| Taxes | 450/3 | €22,180 | €13,242 | -€8,938 | -40.3% |
| Accrued charges and deferred income | 492/3 | €170 | - | -€170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,097 | €32,243 | +€3,146 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,336 | €350 | -€1,986 | -85.0% |
| Other operating charges | 640/8 | €5,466 | €5,248 | -€218 | -4.0% |
| Non-recurring operating charges | 66A | €255 | €63 | -€192 | -75.3% |
| Gross operating margin | 9900 | €68,652 | €50,485 | -€18,167 | -26.5% |
| Operating profit (loss) | 9901 | €31,498 | €12,581 | -€18,917 | -60.1% |
| Financial income | 75/76B | €1,022 | €989 | -€33 | -3.2% |
| Recurring financial income | 75 | €22 | €989 | +€967 | +4,395% |
| Non-recurring financial income | 76B | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €6,035 | €5,174 | -€861 | -14.3% |
| Recurring financial charges | 65 | €6,035 | €5,174 | -€861 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €26,485 | €8,396 | -€18,089 | -68.3% |
| Income taxes | 67/77 | €7,712 | €1,831 | -€5,881 | -76.3% |
| Profit (loss) for the period | 9904 | €18,773 | €6,565 | -€12,208 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,773 | €6,565 | -€12,208 | -65.0% |
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 30 October 2026 via checked.be.