MSP SRL: what changed
What changed
MSP SRL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€25,298
2024 · €8,098+€17,199
Equity
€2.2m
2024 · €2.2m+€25,298
Cash
€223,803
2024 · €243,114-€19,311
Balance sheet total
€4.0m
2024 · €4.2m-€194,772
Largest movements
Assets
- Intangible fixed assets -€151,332
down €151,332 (-33.3%), from €453,996 to €302,664
Equity and liabilities
- Debts after one year -€186,925
down €186,925 (-13.8%), from €1.4m to €1.2m
of which Financial debts: -€187,233
Income statement
- Financial charges -€19,091
down €19,091 (-30.1%), from €63,320 to €44,230
- Other operating charges -€5,858
down €5,858 (-19.6%), from €29,831 to €23,972
- Taxes +€4,800
up €4,800 (+9.7%), from €49,440 to €54,240
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,098
Gross operating margin
-€1,212
Staff costs
-€511
Depreciation
-€1,217
Other operating charges
+€5,858
Financial income
-€10
Financial charges
+€19,091
Taxes
-€4,800
Result 2025
€25,298
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€238,299
Investment
-€75,642
Financing
-€181,968
Cash 2024
€243,114
From operations (derived)
+€238,299
Net result for the year
+€25,298
Depreciation
+€254,502
Receivables within one year
-€840
Deferred charges and accrued income
-€2,557
Provisions
-€1,625
Trade debts
-€186
Tax, wage and social debts
+€741
Other debts
-€34,979
Accrued charges and deferred income
-€2,053
Investment (derived)
-€75,642
Investment in fixed assets (net)
-€75,642
Financing
-€181,968
Debts after one year
-€186,925
Current portion of long-term debt
+€4,957
Cash 2025
€223,803
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,158,491 | €3,963,718 | -€194,772 | -4.7% |
| Fixed assets | 21/28 | €3,904,349 | €3,725,490 | -€178,859 | -4.6% |
| Intangible fixed assets | 21 | €453,996 | €302,664 | -€151,332 | -33.3% |
| Tangible fixed assets | 22/27 | €3,450,353 | €3,422,826 | -€27,527 | -0.8% |
| Land and buildings | 22 | €3,405,839 | €3,351,372 | -€54,467 | -1.6% |
| Plant, machinery and equipment | 23 | €44,194 | €67,574 | +€23,380 | +52.9% |
| Furniture and vehicles | 24 | €320 | €3,880 | +€3,560 | +1,113% |
| Current assets | 29/58 | €254,142 | €238,228 | -€15,913 | -6.3% |
| Amounts receivable within one year | 40/41 | €1,770 | €2,610 | +€840 | +47.5% |
| Trade receivables | 40 | €1,210 | €2,610 | +€1,400 | +116% |
| Other amounts receivable | 41 | €560 | - | -€560 | |
| Cash at bank and in hand | 54/58 | €243,114 | €223,803 | -€19,311 | -7.9% |
| Deferred charges and accrued income | 490/1 | €9,258 | €11,815 | +€2,557 | +27.6% |
| Total equity and liabilities | 10/49 | €4,158,491 | €3,963,718 | -€194,772 | -4.7% |
| Equity | 10/15 | €2,213,781 | €2,239,079 | +€25,298 | +1.1% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,168,181 | €2,168,181 | = | 0.0% |
| Reserves | 13 | €112,903 | €106,403 | -€6,500 | -5.8% |
| Tax-exempt reserves | 132 | €107,303 | €100,803 | -€6,500 | -6.1% |
| Distributable reserves | 133 | €5,600 | €5,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,302 | -€91,504 | +€31,797 | +25.8% |
| Provisions and deferred taxes | 16 | €26,826 | €25,201 | -€1,625 | -6.1% |
| Deferred taxes | 168 | €26,826 | €25,201 | -€1,625 | -6.1% |
| Amounts payable | 17/49 | €1,917,883 | €1,699,438 | -€218,445 | -11.4% |
| Amounts payable after more than one year | 17 | €1,352,605 | €1,165,680 | -€186,925 | -13.8% |
| Financial debts | 170/4 | €1,159,447 | €972,214 | -€187,233 | -16.1% |
| Other amounts payable | 178/9 | €193,158 | €193,466 | +€308 | +0.2% |
| Amounts payable within one year | 42/48 | €561,707 | €532,240 | -€29,467 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €224,013 | €228,970 | +€4,957 | +2.2% |
| Trade debts | 44 | €3,580 | €3,393 | -€186 | -5.2% |
| Suppliers | 440/4 | €3,580 | €3,393 | -€186 | -5.2% |
| Taxes, remuneration and social security | 45 | €6,877 | €7,617 | +€741 | +10.8% |
| Taxes | 450/3 | €166 | €4,260 | +€4,094 | +2,470% |
| Remuneration and social security | 454/9 | €6,711 | €3,357 | -€3,353 | -50.0% |
| Other amounts payable | 47/48 | €327,239 | €292,259 | -€34,979 | -10.7% |
| Accrued charges and deferred income | 492/3 | €3,572 | €1,519 | -€2,053 | -57.5% |
| Remuneration, social security and pensions | 62 | €24,866 | €25,377 | +€511 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,284 | €254,502 | +€1,217 | +0.5% |
| Other operating charges | 640/8 | €29,831 | €23,972 | -€5,858 | -19.6% |
| Gross operating margin | 9900 | €427,159 | €425,947 | -€1,212 | -0.3% |
| Operating profit (loss) | 9901 | €119,178 | €122,096 | +€2,918 | +2.4% |
| Financial income | 75/76B | €56 | €46 | -€10 | -17.4% |
| Recurring financial income | 75 | €56 | €46 | -€10 | -17.4% |
| Financial charges | 65/66B | €63,320 | €44,230 | -€19,091 | -30.1% |
| Recurring financial charges | 65 | €63,320 | €44,230 | -€19,091 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €55,914 | €77,913 | +€21,999 | +39.3% |
| Transfer from deferred taxes | 780 | €1,625 | €1,625 | = | 0.0% |
| Income taxes | 67/77 | €49,440 | €54,240 | +€4,800 | +9.7% |
| Profit (loss) for the period | 9904 | €8,098 | €25,298 | +€17,199 | +212% |
| Transfer from tax-exempt reserves | 789 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,598 | €31,797 | +€17,199 | +118% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.