MS Wax & Coating: 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 Wax & Coating
Largest movements
- Cash +€10,291
up €10,291 (+20.2%), from €51,012 to €61,304
mainly Net result for the year (+€15,006) and Stocks and contracts (+€1,886)
- Receivables within one year +€3,635
up €3,635 (+97.8%), from €3,715 to €7,350
of which Trade receivables: +€2,686
- Stocks and contracts -€1,886
down €1,886 (-7.8%), from €24,036 to €22,150
- Reserves +€15,006
up €15,006 (+34.5%), from €43,491 to €58,497
- Tax, wage and social debts -€1,412
down €1,412 (-90.5%), from €1,560 to €147
- Trade debts -€1,197
down €1,197 (-26.5%), from €4,511 to €3,313
- Gross operating margin +€30,207
up €30,207, from -€12,039 to €18,168
- Depreciation -€1,288
down €1,288 (-51.9%), from €2,479 to €1,191
- Financial income -€299
down €299 (-99.7%), from €300 to €1
- Other operating charges +€273
up €273 (+31.3%), from €872 to €1,145
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 | €80,225 | €92,145 | +€11,920 | +14.9% |
| Fixed assets | 21/28 | €1,012 | €1,025 | +€13 | +1.2% |
| Tangible fixed assets | 22/27 | €1,012 | €1,025 | +€13 | +1.2% |
| Furniture and vehicles | 24 | €1,012 | €1,025 | +€13 | +1.2% |
| Current assets | 29/58 | €79,213 | €91,120 | +€11,908 | +15.0% |
| Stocks and contracts in progress | 3 | €24,036 | €22,150 | -€1,886 | -7.8% |
| Stocks | 30/36 | €24,036 | €22,150 | -€1,886 | -7.8% |
| Amounts receivable within one year | 40/41 | €3,715 | €7,350 | +€3,635 | +97.8% |
| Trade receivables | 40 | €3,683 | €6,369 | +€2,686 | +72.9% |
| Other amounts receivable | 41 | €32 | €981 | +€949 | +2,983% |
| Cash at bank and in hand | 54/58 | €51,012 | €61,304 | +€10,291 | +20.2% |
| Deferred charges and accrued income | 490/1 | €450 | €317 | -€133 | -29.6% |
| Total equity and liabilities | 10/49 | €80,225 | €92,145 | +€11,920 | +14.9% |
| Equity | 10/15 | €53,491 | €68,497 | +€15,006 | +28.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,491 | €58,497 | +€15,006 | +34.5% |
| Distributable reserves | 133 | €43,491 | €58,497 | +€15,006 | +34.5% |
| Amounts payable | 17/49 | €26,734 | €23,649 | -€3,086 | -11.5% |
| Amounts payable within one year | 42/48 | €26,734 | €23,649 | -€3,086 | -11.5% |
| Trade debts | 44 | €4,511 | €3,313 | -€1,197 | -26.5% |
| Suppliers | 440/4 | €4,511 | €3,313 | -€1,197 | -26.5% |
| Taxes, remuneration and social security | 45 | €1,560 | €147 | -€1,412 | -90.5% |
| Taxes | 450/3 | €1,560 | €147 | -€1,412 | -90.5% |
| Other amounts payable | 47/48 | €20,664 | €20,188 | -€476 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,479 | €1,191 | -€1,288 | -51.9% |
| Other operating charges | 640/8 | €872 | €1,145 | +€273 | +31.3% |
| Gross operating margin | 9900 | -€12,039 | €18,168 | +€30,207 | |
| Operating profit (loss) | 9901 | -€15,390 | €15,832 | +€31,222 | |
| Financial income | 75/76B | €300 | €1 | -€299 | -99.7% |
| Recurring financial income | 75 | €300 | €1 | -€299 | -99.7% |
| Financial charges | 65/66B | €769 | €680 | -€89 | -11.6% |
| Recurring financial charges | 65 | €769 | €680 | -€89 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,859 | €15,153 | +€31,012 | |
| Income taxes | 67/77 | - | €147 | +€147 | |
| Profit (loss) for the period | 9904 | -€15,859 | €15,006 | +€30,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,859 | €15,006 | +€30,864 |
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 25 October 2026 via checked.be.