MSP Bois Groupe: 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
MSP Bois Groupe
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€103,708
2024 · -€371,829+€268,122
Equity
€6.1m
2024 · €6.2m-€103,708
Cash
€5,039
2024 · €6,341-€1,302
Balance sheet total
€9.6m
2024 · €9.4m+€221,195
Largest movements
Assets
- Financial fixed assets +€188,497
up €188,497 (+2.0%), from €9.3m to €9.5m
Equity and liabilities
- Trade debts +€324,902
up €324,902 (+168%), from €193,728 to €518,631
- Profit (loss) carried forward -€103,708
down €103,708 (-83.9%), from €123,558 to €19,850
Income statement
- Financial charges -€217,498
down €217,498 (-54.5%), from €398,828 to €181,330
of which Non-recurring financial charges: -€222,500
- Financial income +€74,673
up €74,673 (+43.5%), from €171,586 to €246,259
- Turnover +€72,434
up €72,434 (+11.9%), from €607,720 to €680,154
- Services and other goods +€71,060
up €71,060 (+9.5%), from €751,568 to €822,629
- Goods and materials +€24,911
new in 2025: €24,911
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
-€371,829
Turnover
+€72,434
Goods and materials
-€24,911
Services and other goods
-€71,060
Depreciation
-€97
Other operating charges
-€846
Other operating items
+€431
Financial income
+€74,673
Financial charges
+€217,498
Result 2025
-€103,708
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€188,368
Investment
-€189,670
Financing
€0
Cash 2024
€6,341
From operations (derived)
+€188,368
Net result for the year
-€103,708
Depreciation
+€97
Receivables within one year
-€16,735
Deferred charges and accrued income
-€16,189
Trade debts
+€324,902
Investment (derived)
-€189,670
Investment in fixed assets (net)
-€189,670
Cash 2025
€5,039
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,399,859 | €9,621,053 | +€221,195 | +2.4% |
| Fixed assets | 21/28 | €9,317,746 | €9,507,319 | +€189,573 | +2.0% |
| Tangible fixed assets | 22/27 | - | €1,076 | +€1,076 | |
| Furniture and vehicles | 24 | - | €1,076 | +€1,076 | |
| Financial fixed assets | 28 | €9,317,746 | €9,506,243 | +€188,497 | +2.0% |
| Affiliated companies | 280/1 | €9,317,746 | €9,506,243 | +€188,497 | +2.0% |
| Participating interests | 280 | €5,265,214 | €5,265,214 | = | 0.0% |
| Amounts receivable | 281 | €4,052,531 | €4,241,029 | +€188,497 | +4.7% |
| Current assets | 29/58 | €82,113 | €113,735 | +€31,622 | +38.5% |
| Amounts receivable within one year | 40/41 | €75,772 | €92,507 | +€16,735 | +22.1% |
| Trade receivables | 40 | €70,341 | €81,222 | +€10,881 | +15.5% |
| Other amounts receivable | 41 | €5,431 | €11,284 | +€5,853 | +108% |
| Cash at bank and in hand | 54/58 | €6,341 | €5,039 | -€1,302 | -20.5% |
| Deferred charges and accrued income | 490/1 | - | €16,189 | +€16,189 | |
| Total equity and liabilities | 10/49 | €9,399,859 | €9,621,053 | +€221,195 | +2.4% |
| Equity | 10/15 | €6,185,833 | €6,082,126 | -€103,708 | -1.7% |
| Contributions | 10/11 | €6,006,058 | €6,006,058 | = | 0.0% |
| Capital | 10 | €6,006,058 | €6,006,058 | = | 0.0% |
| Issued capital | 100 | €6,006,058 | €6,006,058 | = | 0.0% |
| Reserves | 13 | €56,218 | €56,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,292 | €11,292 | = | 0.0% |
| Legal reserve | 130 | €11,292 | €11,292 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,926 | €44,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,558 | €19,850 | -€103,708 | -83.9% |
| Amounts payable | 17/49 | €3,214,025 | €3,538,928 | +€324,902 | +10.1% |
| Amounts payable after more than one year | 17 | €3,020,289 | €3,020,289 | = | 0.0% |
| Other amounts payable | 178/9 | €3,020,289 | €3,020,289 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,736 | €518,639 | +€324,902 | +168% |
| Trade debts | 44 | €193,728 | €518,631 | +€324,902 | +168% |
| Suppliers | 440/4 | €193,728 | €518,631 | +€324,902 | +168% |
| Other amounts payable | 47/48 | €8 | €8 | = | 0.0% |
| Operating income | 70/76A | €607,720 | €680,369 | +€72,650 | +12.0% |
| Turnover | 70 | €607,720 | €680,154 | +€72,434 | +11.9% |
| Non-recurring operating income | 76A | - | €215 | +€215 | |
| Operating charges | 60/66A | €752,308 | €849,007 | +€96,699 | +12.9% |
| Goods for resale, raw materials and consumables | 60 | - | €24,911 | +€24,911 | |
| Purchases | 600/8 | - | €24,911 | +€24,911 | |
| Services and other goods | 61 | €751,568 | €822,629 | +€71,060 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €97 | +€97 | |
| Other operating charges | 640/8 | €524 | €1,371 | +€846 | +161% |
| Non-recurring operating charges | 66A | €215 | - | -€215 | |
| Operating profit (loss) | 9901 | -€144,588 | -€168,637 | -€24,049 | -16.6% |
| Financial income | 75/76B | €171,586 | €246,259 | +€74,673 | +43.5% |
| Recurring financial income | 75 | €171,586 | €246,259 | +€74,673 | +43.5% |
| Income from financial fixed assets | 750 | €171,586 | €246,259 | +€74,673 | +43.5% |
| Financial charges | 65/66B | €398,828 | €181,330 | -€217,498 | -54.5% |
| Recurring financial charges | 65 | €176,328 | €181,330 | +€5,002 | +2.8% |
| Debt charges | 650 | €175,784 | €180,879 | +€5,096 | +2.9% |
| Other financial charges | 652/9 | €544 | €451 | -€93 | -17.2% |
| Non-recurring financial charges | 66B | €222,500 | - | -€222,500 | |
| Profit (loss) for the period before taxes | 9903 | -€371,829 | -€103,708 | +€268,122 | +72.1% |
| Profit (loss) for the period | 9904 | -€371,829 | -€103,708 | +€268,122 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€371,829 | -€103,708 | +€268,122 | +72.1% |
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 29 October 2026 via checked.be.