MS PRODUCTIONS: 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 PRODUCTIONS
Largest movements
- Cash +€126,208
up €126,208 (+577%), from €21,878 to €148,086
mainly Other debts (+€157,917) and Net result for the year (+€148,785)
- Receivables within one year +€80,136
up €80,136 (+304%), from €26,324 to €106,460
of which Trade receivables: +€72,545
- Tangible fixed assets -€9,399
down €9,399 (-70.5%), from €13,329 to €3,929
of which Furniture and vehicles: -€9,791
- Other debts +€157,917
up €157,917 (+24,230%), from €652 to €158,569
- Tax, wage and social debts +€47,760
up €47,760 (+1,216%), from €3,926 to €51,686
- Trade debts +€11,305
up €11,305 (+387%), from €2,919 to €14,224
- Debts after one year -€10,243
down €10,243 (-100%), from €10,243 to €0
- Current portion of long-term debt -€5,587
down €5,587 (-100%), from €5,587 to €0
- Gross operating margin +€166,635
up €166,635 (+472%), from €35,288 to €201,924
- Taxes +€40,602
up €40,602 (+845%), from €4,807 to €45,409
- Depreciation -€9,834
down €9,834 (-73.7%), from €13,338 to €3,503
- Financial income -€2,378
down €2,378 (-99.8%), from €2,382 to €5
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 | €62,910 | €259,479 | +€196,569 | +312% |
| Fixed assets | 21/28 | €13,329 | €3,929 | -€9,399 | -70.5% |
| Tangible fixed assets | 22/27 | €13,329 | €3,929 | -€9,399 | -70.5% |
| Plant, machinery and equipment | 23 | - | €556 | +€556 | |
| Furniture and vehicles | 24 | €12,051 | €2,260 | -€9,791 | -81.2% |
| Other tangible fixed assets | 26 | €1,278 | €1,113 | -€165 | -12.9% |
| Current assets | 29/58 | €49,581 | €255,549 | +€205,968 | +415% |
| Amounts receivable within one year | 40/41 | €26,324 | €106,460 | +€80,136 | +304% |
| Trade receivables | 40 | €26,324 | €98,869 | +€72,545 | +276% |
| Other amounts receivable | 41 | €0 | €7,591 | +€7,591 | |
| Cash at bank and in hand | 54/58 | €21,878 | €148,086 | +€126,208 | +577% |
| Deferred charges and accrued income | 490/1 | €1,380 | €1,004 | -€376 | -27.3% |
| Total equity and liabilities | 10/49 | €62,910 | €259,479 | +€196,569 | +312% |
| Equity | 10/15 | €39,582 | €35,000 | -€4,582 | -11.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,582 | €30,000 | -€4,582 | -13.2% |
| Distributable reserves | 133 | €34,582 | €30,000 | -€4,582 | -13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,328 | €224,479 | +€201,151 | +862% |
| Amounts payable after more than one year | 17 | €10,243 | €0 | -€10,243 | -100% |
| Financial debts | 170/4 | €10,243 | €0 | -€10,243 | -100% |
| Amounts payable within one year | 42/48 | €13,085 | €224,479 | +€211,394 | +1,616% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €0 | -€5,587 | -100% |
| Trade debts | 44 | €2,919 | €14,224 | +€11,305 | +387% |
| Suppliers | 440/4 | €2,919 | €14,224 | +€11,305 | +387% |
| Taxes, remuneration and social security | 45 | €3,926 | €51,686 | +€47,760 | +1,216% |
| Taxes | 450/3 | €3,926 | €51,686 | +€47,760 | +1,216% |
| Other amounts payable | 47/48 | €652 | €158,569 | +€157,917 | +24,230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,338 | €3,503 | -€9,834 | -73.7% |
| Other operating charges | 640/8 | €508 | €2,046 | +€1,537 | +302% |
| Gross operating margin | 9900 | €35,288 | €201,924 | +€166,635 | +472% |
| Operating profit (loss) | 9901 | €21,442 | €196,375 | +€174,933 | +816% |
| Financial income | 75/76B | €2,382 | €5 | -€2,378 | -99.8% |
| Recurring financial income | 75 | €2,382 | €5 | -€2,378 | -99.8% |
| Financial charges | 65/66B | €1,376 | €2,186 | +€810 | +58.9% |
| Recurring financial charges | 65 | €1,376 | €2,186 | +€810 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €22,449 | €194,193 | +€171,745 | +765% |
| Income taxes | 67/77 | €4,807 | €45,409 | +€40,602 | +845% |
| Profit (loss) for the period | 9904 | €17,642 | €148,785 | +€131,143 | +743% |
| Profit (loss) for the period to be appropriated | 9905 | €17,642 | €148,785 | +€131,143 | +743% |
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 26 October 2026 via checked.be.