MS24 SERVICES: 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.
MS24 SERVICES
Largest movements
- Cash +€51,202
up €51,202 (+69.2%), from €73,952 to €125,154
mainly Net result for the year (+€70,142) and Other debts (+€37,664)
- Receivables within one year +€15,768
up €15,768 (+36.6%), from €43,058 to €58,826
of which Trade receivables: +€15,313
- Tangible fixed assets -€10,070
down €10,070 (-83.7%), from €12,035 to €1,965
- Other debts +€37,664
up €37,664 (+1506.6%), from €2,500 to €40,164
- Reserves +€20,000
up €20,000 (+35.4%), from €56,500 to €76,500
- Profit (loss) carried forward +€10,142
up €10,142 (+4857.3%), from €209 to €10,350
- Trade debts -€9,088
down €9,088 (-31.8%), from €28,583 to €19,495
- Debts after one year -€6,859
down €6,859 (-85.4%), from €8,032 to €1,173
- Gross operating margin +€83,499
up €83,499 (+173.4%), from €48,152 to €131,651
- Staff costs +€23,707
new in 2025: €23,707
- Taxes +€10,802
up €10,802 (+77.9%), from €13,871 to €24,674
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 | €131,153 | €190,222 | +€59,069 | +45.0% |
| Fixed assets | 21/28 | €12,035 | €2,265 | -€9,770 | -81.2% |
| Tangible fixed assets | 22/27 | €12,035 | €1,965 | -€10,070 | -83.7% |
| Furniture and vehicles | 24 | €12,035 | €1,965 | -€10,070 | -83.7% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €119,118 | €187,957 | +€68,839 | +57.8% |
| Amounts receivable within one year | 40/41 | €43,058 | €58,826 | +€15,768 | +36.6% |
| Trade receivables | 40 | €42,344 | €57,657 | +€15,313 | +36.2% |
| Other amounts receivable | 41 | €714 | €1,169 | +€455 | +63.6% |
| Cash at bank and in hand | 54/58 | €73,952 | €125,154 | +€51,202 | +69.2% |
| Deferred charges and accrued income | 490/1 | €2,108 | €3,976 | +€1,869 | +88.7% |
| Total equity and liabilities | 10/49 | €131,153 | €190,222 | +€59,069 | +45.0% |
| Equity | 10/15 | €61,709 | €91,850 | +€30,142 | +48.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,500 | €76,500 | +€20,000 | +35.4% |
| Distributable reserves | 133 | €56,500 | €76,500 | +€20,000 | +35.4% |
| Profit (loss) carried forward | 14 | €209 | €10,350 | +€10,142 | +4857.3% |
| Amounts payable | 17/49 | €69,444 | €98,372 | +€28,928 | +41.7% |
| Amounts payable after more than one year | 17 | €8,032 | €1,173 | -€6,859 | -85.4% |
| Financial debts | 170/4 | €8,032 | €1,173 | -€6,859 | -85.4% |
| Amounts payable within one year | 42/48 | €60,986 | €94,572 | +€33,587 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €6,561 | €6,859 | +€298 | +4.5% |
| Trade debts | 44 | €28,583 | €19,495 | -€9,088 | -31.8% |
| Suppliers | 440/4 | €28,583 | €19,495 | -€9,088 | -31.8% |
| Taxes, remuneration and social security | 45 | €23,342 | €28,054 | +€4,713 | +20.2% |
| Taxes | 450/3 | €14,039 | €18,241 | +€4,202 | +29.9% |
| Remuneration and social security | 454/9 | €9,303 | €9,814 | +€511 | +5.5% |
| Other amounts payable | 47/48 | €2,500 | €40,164 | +€37,664 | +1506.6% |
| Accrued charges and deferred income | 492/3 | €426 | €2,626 | +€2,200 | +516.3% |
| Remuneration, social security and pensions | 62 | - | €23,707 | +€23,707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,132 | €11,285 | +€152 | +1.4% |
| Other operating charges | 640/8 | €1,011 | €931 | -€80 | -7.9% |
| Gross operating margin | 9900 | €48,152 | €131,651 | +€83,499 | +173.4% |
| Operating profit (loss) | 9901 | €36,009 | €95,728 | +€59,720 | +165.8% |
| Financial charges | 65/66B | €1,315 | €913 | -€402 | -30.6% |
| Recurring financial charges | 65 | €1,315 | €913 | -€402 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €34,694 | €94,815 | +€60,121 | +173.3% |
| Income taxes | 67/77 | €13,871 | €24,674 | +€10,802 | +77.9% |
| Profit (loss) for the period | 9904 | €20,823 | €70,142 | +€49,319 | +236.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,823 | €70,142 | +€49,319 | +236.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.