MS.TECH: 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.TECH
Largest movements
- Cash -€3,401
down €3,401 (-94.2%), from €3,611 to €210
mainly Current portion of long-term debt (-€2,601) and Tax, wage and social debts (-€2,160)
- Stocks and contracts -€2,000
no longer reported in 2025 (was €2,000)
- Tangible fixed assets -€1,527
down €1,527 (-58.3%), from €2,618 to €1,091
- Deferred charges and accrued income -€1,156
down €1,156 (-89.2%), from €1,295 to €139
- Receivables within one year +€893
up €893 (+13.4%), from €6,646 to €7,539
of which Other amounts receivable: +€936
- Current portion of long-term debt -€2,601
no longer reported in 2025 (was €2,601)
- Tax, wage and social debts -€2,160
down €2,160 (-58.4%), from €3,698 to €1,538
of which Remuneration and social security: -€2,000
- Other debts -€1,777
down €1,777 (-57.1%), from €3,112 to €1,335
- Trade debts -€1,380
down €1,380 (-36.7%), from €3,758 to €2,378
- Profit (loss) carried forward +€727
up €727 (+16.2%), from -€4,499 to -€3,772
- Gross operating margin +€9,830
up €9,830, from -€5,921 to €3,909
- Depreciation -€3,212
down €3,212 (-53.5%), from €6,006 to €2,794
- Financial charges +€128
up €128 (+81.9%), from €156 to €284
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 | €16,170 | €8,979 | -€7,191 | -44.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,618 | €1,091 | -€1,527 | -58.3% |
| Tangible fixed assets | 22/27 | €2,618 | €1,091 | -€1,527 | -58.3% |
| Furniture and vehicles | 24 | €2,618 | €1,091 | -€1,527 | -58.3% |
| Current assets | 29/58 | €13,552 | €7,888 | -€5,664 | -41.8% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Contracts in progress | 37 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €6,646 | €7,539 | +€893 | +13.4% |
| Trade receivables | 40 | €43 | - | -€43 | |
| Other amounts receivable | 41 | €6,603 | €7,539 | +€936 | +14.2% |
| Cash at bank and in hand | 54/58 | €3,611 | €210 | -€3,401 | -94.2% |
| Deferred charges and accrued income | 490/1 | €1,295 | €139 | -€1,156 | -89.2% |
| Total equity and liabilities | 10/49 | €16,170 | €8,979 | -€7,191 | -44.5% |
| Equity | 10/15 | €3,001 | €3,728 | +€727 | +24.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,499 | -€3,772 | +€727 | +16.2% |
| Amounts payable | 17/49 | €13,169 | €5,251 | -€7,918 | -60.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,169 | €5,251 | -€7,918 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €2,601 | - | -€2,601 | |
| Trade debts | 44 | €3,758 | €2,378 | -€1,380 | -36.7% |
| Suppliers | 440/4 | €3,758 | €2,378 | -€1,380 | -36.7% |
| Taxes, remuneration and social security | 45 | €3,698 | €1,538 | -€2,160 | -58.4% |
| Taxes | 450/3 | €1,698 | €1,538 | -€160 | -9.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €3,112 | €1,335 | -€1,777 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,006 | €2,794 | -€3,212 | -53.5% |
| Other operating charges | 640/8 | €149 | €149 | -€0 | -0.2% |
| Gross operating margin | 9900 | -€5,921 | €3,909 | +€9,830 | |
| Operating profit (loss) | 9901 | -€12,076 | €967 | +€13,043 | |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €156 | €284 | +€128 | +81.9% |
| Recurring financial charges | 65 | €156 | €284 | +€128 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,232 | €727 | +€12,959 | |
| Profit (loss) for the period | 9904 | -€12,232 | €727 | +€12,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,232 | €727 | +€12,959 |
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 7 October 2026 via checked.be.