MSC TRAITEUR: 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.
MSC TRAITEUR
Largest movements
- Tangible fixed assets +€33,549
up €33,549 (+12.2%), from €274,190 to €307,739
of which Plant, machinery and equipment: +€23,762
- Receivables within one year +€17,716
up €17,716 (+21.3%), from €83,212 to €100,928
of which Trade receivables: +€16,198
- Cash -€14,189
down €14,189 (-21.3%), from €66,561 to €52,372
mainly Investment in fixed assets (net) (-€108,339) and Debts after one year (-€22,052)
- Debts after one year -€22,052
down €22,052 (-14.8%), from €149,377 to €127,325
- Trade debts +€21,744
up €21,744 (+53.1%), from €40,949 to €62,694
- Reserves +€17,100
up €17,100 (+16.5%), from €103,700 to €120,800
- Tax, wage and social debts +€13,254
up €13,254 (+18.7%), from €71,063 to €84,317
of which Remuneration and social security: +€16,092
- Other debts +€7,989
up €7,989 (+36.9%), from €21,655 to €29,643
- Gross operating margin +€71,457
up €71,457 (+18.1%), from €394,197 to €465,654
- Staff costs +€65,794
up €65,794 (+25.2%), from €261,400 to €327,194
- Depreciation +€10,977
up €10,977 (+16.1%), from €68,313 to €79,290
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 | €471,784 | €511,662 | +€39,878 | +8.5% |
| Fixed assets | 21/28 | €294,042 | €323,091 | +€29,049 | +9.9% |
| Intangible fixed assets | 21 | €19,512 | €15,012 | -€4,500 | -23.1% |
| Tangible fixed assets | 22/27 | €274,190 | €307,739 | +€33,549 | +12.2% |
| Land and buildings | 22 | €116,007 | €106,401 | -€9,606 | -8.3% |
| Plant, machinery and equipment | 23 | €42,252 | €66,014 | +€23,762 | +56.2% |
| Furniture and vehicles | 24 | €115,931 | €135,324 | +€19,393 | +16.7% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €177,742 | €188,571 | +€10,829 | +6.1% |
| Stocks and contracts in progress | 3 | €23,945 | €26,546 | +€2,600 | +10.9% |
| Stocks | 30/36 | €23,945 | €26,546 | +€2,600 | +10.9% |
| Amounts receivable within one year | 40/41 | €83,212 | €100,928 | +€17,716 | +21.3% |
| Trade receivables | 40 | €71,455 | €87,653 | +€16,198 | +22.7% |
| Other amounts receivable | 41 | €11,757 | €13,275 | +€1,518 | +12.9% |
| Cash at bank and in hand | 54/58 | €66,561 | €52,372 | -€14,189 | -21.3% |
| Deferred charges and accrued income | 490/1 | €4,023 | €8,725 | +€4,701 | +117% |
| Total equity and liabilities | 10/49 | €471,784 | €511,662 | +€39,878 | +8.5% |
| Equity | 10/15 | €122,368 | €139,477 | +€17,109 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,700 | €120,800 | +€17,100 | +16.5% |
| Distributable reserves | 133 | €103,700 | €120,800 | +€17,100 | +16.5% |
| Profit (loss) carried forward | 14 | €68 | €77 | +€9 | +13.0% |
| Amounts payable | 17/49 | €349,416 | €372,185 | +€22,769 | +6.5% |
| Amounts payable after more than one year | 17 | €149,377 | €127,325 | -€22,052 | -14.8% |
| Financial debts | 170/4 | €149,377 | €127,325 | -€22,052 | -14.8% |
| Amounts payable within one year | 42/48 | €200,039 | €244,860 | +€44,821 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €66,372 | €68,206 | +€1,834 | +2.8% |
| Trade debts | 44 | €40,949 | €62,694 | +€21,744 | +53.1% |
| Suppliers | 440/4 | €40,949 | €62,694 | +€21,744 | +53.1% |
| Taxes, remuneration and social security | 45 | €71,063 | €84,317 | +€13,254 | +18.7% |
| Taxes | 450/3 | €15,810 | €12,972 | -€2,838 | -17.9% |
| Remuneration and social security | 454/9 | €55,253 | €71,345 | +€16,092 | +29.1% |
| Other amounts payable | 47/48 | €21,655 | €29,643 | +€7,989 | +36.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €261,400 | €327,194 | +€65,794 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,313 | €79,290 | +€10,977 | +16.1% |
| Other operating charges | 640/8 | €5,455 | €4,080 | -€1,376 | -25.2% |
| Gross operating margin | 9900 | €394,197 | €465,654 | +€71,457 | +18.1% |
| Operating profit (loss) | 9901 | €59,028 | €55,090 | -€3,938 | -6.7% |
| Financial income | 75/76B | €550 | €1,014 | +€464 | +84.4% |
| Recurring financial income | 75 | €550 | €1,014 | +€464 | +84.4% |
| Non-recurring financial income | 76B | €550 | €1,014 | +€464 | +84.4% |
| Financial charges | 65/66B | €8,193 | €9,848 | +€1,655 | +20.2% |
| Recurring financial charges | 65 | €8,193 | €9,848 | +€1,655 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €51,385 | €46,256 | -€5,129 | -10.0% |
| Income taxes | 67/77 | €11,644 | €11,147 | -€497 | -4.3% |
| Profit (loss) for the period | 9904 | €39,741 | €35,109 | -€4,632 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,741 | €35,109 | -€4,632 | -11.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.