MS TEXTILE: 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.
What changed
MS TEXTILE
NACE 46.412, Wholesale of household textiles and bedding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,606
2024 · €33,529-€28,923
Equity
€1.4m
2024 · €1.4m+€4,606
Cash
€50,001
2024 · €33,696+€16,305
Balance sheet total
€2.6m
2024 · €2.6m+€26,053
Largest movements
Assets
- Stocks and contracts +€52,175
up €52,175 (+2.4%), from €2.2m to €2.2m
- Tangible fixed assets -€39,946
down €39,946 (-21.4%), from €186,307 to €146,361
of which Furniture and vehicles: -€23,247
Equity and liabilities
- Other debts +€374,571
up €374,571 (+76.6%), from €489,237 to €863,808
- Debts after one year -€283,122
down €283,122 (-96.8%), from €292,533 to €9,411
- Advances received -€87,726
no longer reported in 2025 (was €87,726)
- Trade debts +€43,253
up €43,253 (+51.6%), from €83,799 to €127,053
- Current portion of long-term debt -€28,137
down €28,137 (-33.6%), from €83,854 to €55,717
Income statement
- Gross operating margin -€43,555
down €43,555 (-7.5%), from €583,294 to €539,739
- Staff costs -€9,888
down €9,888 (-2.2%), from €458,119 to €448,232
- Financial charges +€9,701
up €9,701 (+121.9%), from €7,956 to €17,656
- Depreciation -€6,257
down €6,257 (-10.2%), from €61,185 to €54,928
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.
Result 2024
€33,529
Gross operating margin
-€43,555
Staff costs
+€9,888
Depreciation
+€6,257
Other operating charges
+€5,473
Financial income
+€1,013
Financial charges
-€9,701
Taxes
+€1,702
Result 2025
€4,606
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.
From operations
+€342,360
Investment
-€14,797
Financing
-€311,258
Cash 2024
€33,696
From operations (derived)
+€342,360
Net result for the year
+€4,606
Depreciation
+€54,928
Stocks and contracts
-€52,175
Receivables within one year
+€4,205
Deferred charges and accrued income
-€1,909
Trade debts
+€43,253
Tax, wage and social debts
+€2,607
Advances received
-€87,726
Other debts
+€374,571
Accrued charges and deferred income
+€0
Investment (derived)
-€14,797
Investment in fixed assets (net)
-€14,797
Financing
-€311,258
Debts after one year
-€283,122
Current portion of long-term debt
-€28,137
Cash 2025
€50,001
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,561,317 | €2,587,369 | +€26,053 | +1.0% |
| Fixed assets | 21/28 | €191,794 | €151,663 | -€40,132 | -20.9% |
| Intangible fixed assets | 21 | €237 | €52 | -€185 | -78.0% |
| Tangible fixed assets | 22/27 | €186,307 | €146,361 | -€39,946 | -21.4% |
| Plant, machinery and equipment | 23 | €37,738 | €27,186 | -€10,553 | -28.0% |
| Furniture and vehicles | 24 | €61,475 | €38,228 | -€23,247 | -37.8% |
| Other tangible fixed assets | 26 | €87,094 | €80,947 | -€6,147 | -7.1% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €2,369,522 | €2,435,706 | +€66,184 | +2.8% |
| Stocks and contracts in progress | 3 | €2,193,902 | €2,246,077 | +€52,175 | +2.4% |
| Stocks | 30/36 | €2,193,902 | €2,246,077 | +€52,175 | +2.4% |
| Amounts receivable within one year | 40/41 | €127,247 | €123,043 | -€4,205 | -3.3% |
| Trade receivables | 40 | €127,247 | €92,224 | -€35,023 | -27.5% |
| Other amounts receivable | 41 | - | €30,818 | +€30,818 | |
| Cash at bank and in hand | 54/58 | €33,696 | €50,001 | +€16,305 | +48.4% |
| Deferred charges and accrued income | 490/1 | €14,676 | €16,586 | +€1,909 | +13.0% |
| Total equity and liabilities | 10/49 | €2,561,317 | €2,587,369 | +€26,053 | +1.0% |
| Equity | 10/15 | €1,414,385 | €1,418,990 | +€4,606 | +0.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €196,308 | €196,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,833 | €15,833 | = | 0.0% |
| Distributable reserves | 133 | €174,278 | €174,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156,104 | €1,160,709 | +€4,606 | +0.4% |
| Amounts payable | 17/49 | €1,146,932 | €1,168,379 | +€21,447 | +1.9% |
| Amounts payable after more than one year | 17 | €292,533 | €9,411 | -€283,122 | -96.8% |
| Financial debts | 170/4 | €292,533 | €9,411 | -€283,122 | -96.8% |
| Amounts payable within one year | 42/48 | €828,039 | €1,132,607 | +€304,568 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €83,854 | €55,717 | -€28,137 | -33.6% |
| Trade debts | 44 | €83,799 | €127,053 | +€43,253 | +51.6% |
| Suppliers | 440/4 | €83,799 | €127,053 | +€43,253 | +51.6% |
| Advances received on contracts in progress | 46 | €87,726 | - | -€87,726 | |
| Taxes, remuneration and social security | 45 | €83,422 | €86,030 | +€2,607 | +3.1% |
| Taxes | 450/3 | €34,010 | €47,763 | +€13,754 | +40.4% |
| Remuneration and social security | 454/9 | €49,412 | €38,266 | -€11,146 | -22.6% |
| Other amounts payable | 47/48 | €489,237 | €863,808 | +€374,571 | +76.6% |
| Accrued charges and deferred income | 492/3 | €26,360 | €26,361 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €458,119 | €448,232 | -€9,888 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,185 | €54,928 | -€6,257 | -10.2% |
| Other operating charges | 640/8 | €13,817 | €8,344 | -€5,473 | -39.6% |
| Gross operating margin | 9900 | €583,294 | €539,739 | -€43,555 | -7.5% |
| Operating profit (loss) | 9901 | €50,172 | €28,235 | -€21,937 | -43.7% |
| Financial income | 75/76B | €3,435 | €4,448 | +€1,013 | +29.5% |
| Recurring financial income | 75 | €3,435 | €4,448 | +€1,013 | +29.5% |
| Financial charges | 65/66B | €7,956 | €17,656 | +€9,701 | +121.9% |
| Recurring financial charges | 65 | €7,956 | €17,656 | +€9,701 | +121.9% |
| Profit (loss) for the period before taxes | 9903 | €45,652 | €15,027 | -€30,625 | -67.1% |
| Income taxes | 67/77 | €12,123 | €10,421 | -€1,702 | -14.0% |
| Profit (loss) for the period | 9904 | €33,529 | €4,606 | -€28,923 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,529 | €4,606 | -€28,923 | -86.3% |
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 11 October 2026 via checked.be.