MSERVICE: 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.
MSERVICE
Largest movements
- Cash +€18,658
up €18,658 (+63.4%), from €29,431 to €48,089
mainly Debts after one year (+€21,606) and Depreciation (+€20,250)
- Tangible fixed assets +€4,036
up €4,036 (+4.7%), from €86,694 to €90,730
of which Leasing and similar rights: +€9,889
- Receivables within one year +€3,215
up €3,215 (+322%), from €998 to €4,213
of which Trade receivables: +€1,841
- Debts after one year +€21,606
up €21,606 (+22.7%), from €95,356 to €116,962
of which Financial debts: +€23,606
- Reserves +€3,920
new in 2025: €3,920
- Current portion of long-term debt +€2,840
up €2,840 (+23.4%), from €12,142 to €14,982
- Other debts -€1,464
down €1,464 (-46.0%), from €3,184 to €1,719
- Other operating charges +€10,146
up €10,146 (+414%), from €2,452 to €12,598
- Depreciation -€5,215
down €5,215 (-20.5%), from €25,466 to €20,250
- Gross operating margin +€4,289
up €4,289 (+12.0%), from €35,858 to €40,148
- Taxes -€639
down €639 (-29.7%), from €2,152 to €1,512
- Financial income -€635
down €635 (-46.2%), from €1,376 to €740
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 | €118,304 | €143,876 | +€25,571 | +21.6% |
| Fixed assets | 21/28 | €86,694 | €90,730 | +€4,036 | +4.7% |
| Tangible fixed assets | 22/27 | €86,694 | €90,730 | +€4,036 | +4.7% |
| Plant, machinery and equipment | 23 | €14,927 | €14,162 | -€766 | -5.1% |
| Furniture and vehicles | 24 | €18,767 | €13,679 | -€5,088 | -27.1% |
| Leasing and similar rights | 25 | €53,000 | €62,889 | +€9,889 | +18.7% |
| Current assets | 29/58 | €31,610 | €53,146 | +€21,536 | +68.1% |
| Amounts receivable within one year | 40/41 | €998 | €4,213 | +€3,215 | +322% |
| Trade receivables | 40 | - | €1,841 | +€1,841 | |
| Other amounts receivable | 41 | €998 | €2,371 | +€1,373 | +138% |
| Cash at bank and in hand | 54/58 | €29,431 | €48,089 | +€18,658 | +63.4% |
| Deferred charges and accrued income | 490/1 | €1,180 | €844 | -€337 | -28.5% |
| Total equity and liabilities | 10/49 | €118,304 | €143,876 | +€25,571 | +21.6% |
| Equity | 10/15 | €6,551 | €9,638 | +€3,087 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €3,920 | +€3,920 | |
| Distributable reserves | 133 | - | €3,920 | +€3,920 | |
| Profit (loss) carried forward | 14 | €3,551 | €2,718 | -€833 | -23.5% |
| Amounts payable | 17/49 | €111,753 | €134,237 | +€22,484 | +20.1% |
| Amounts payable after more than one year | 17 | €95,356 | €116,962 | +€21,606 | +22.7% |
| Financial debts | 170/4 | €20,356 | €43,962 | +€23,606 | +116% |
| Other amounts payable | 178/9 | €75,000 | €73,000 | -€2,000 | -2.7% |
| Amounts payable within one year | 42/48 | €16,397 | €17,275 | +€878 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €12,142 | €14,982 | +€2,840 | +23.4% |
| Trade debts | 44 | €310 | €435 | +€125 | +40.3% |
| Suppliers | 440/4 | €310 | €435 | +€125 | +40.3% |
| Taxes, remuneration and social security | 45 | €761 | €138 | -€623 | -81.9% |
| Taxes | 450/3 | €761 | €138 | -€623 | -81.9% |
| Other amounts payable | 47/48 | €3,184 | €1,719 | -€1,464 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,466 | €20,250 | -€5,215 | -20.5% |
| Other operating charges | 640/8 | €2,452 | €12,598 | +€10,146 | +414% |
| Gross operating margin | 9900 | €35,858 | €40,148 | +€4,289 | +12.0% |
| Operating profit (loss) | 9901 | €7,940 | €7,299 | -€641 | -8.1% |
| Financial income | 75/76B | €1,376 | €740 | -€635 | -46.2% |
| Recurring financial income | 75 | €1,376 | €740 | -€635 | -46.2% |
| Financial charges | 65/66B | €2,813 | €2,607 | -€206 | -7.3% |
| Recurring financial charges | 65 | €2,813 | €2,607 | -€206 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €6,503 | €5,433 | -€1,070 | -16.5% |
| Income taxes | 67/77 | €2,152 | €1,512 | -€639 | -29.7% |
| Profit (loss) for the period | 9904 | €4,351 | €3,920 | -€431 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,351 | €3,920 | -€431 | -9.9% |
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 15 October 2026 via checked.be.