MSS INVEST: what changed
MSS INVEST
Largest movements
- Receivables within one year +€33,834
up €33,834 (+98.6%), from €34,324 to €68,159
of which Trade receivables: +€34,566
- Tangible fixed assets +€27,555
up €27,555 (+1,236%), from €2,229 to €29,784
of which Furniture and vehicles: +€29,784
- Cash +€4,007
up €4,007 (+33.3%), from €12,032 to €16,039
mainly Net result for the year (+€35,841) and Tax, wage and social debts (+€32,476)
- Profit (loss) carried forward +€35,841
up €35,841 (+150%), from €23,852 to €59,693
- Tax, wage and social debts +€32,476
up €32,476 (+14,078%), from €231 to €32,707
of which Remuneration and social security: +€17,327
- Trade debts -€1,522
no longer reported in 2025 (was €1,522)
- Turnover +€249,915
up €249,915 (+75.9%), from €329,232 to €579,148
- Purchases and services +€219,094
up €219,094 (+68.5%), from €319,665 to €538,760
- Gross operating margin +€49,694
up €49,694 (+519%), from €9,567 to €59,261
- Taxes +€15,149
new in 2025: €15,149
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,586 | €114,777 | +€66,191 | +136% |
| Fixed assets | 21/28 | €2,229 | €29,784 | +€27,555 | +1,236% |
| Tangible fixed assets | 22/27 | €2,229 | €29,784 | +€27,555 | +1,236% |
| Plant, machinery and equipment | 23 | €512 | - | -€512 | |
| Furniture and vehicles | 24 | - | €29,784 | +€29,784 | |
| Leasing and similar rights | 25 | €1,718 | - | -€1,718 | |
| Current assets | 29/58 | €46,357 | €84,993 | +€38,636 | +83.3% |
| Amounts receivable within one year | 40/41 | €34,324 | €68,159 | +€33,834 | +98.6% |
| Trade receivables | 40 | €31,360 | €65,926 | +€34,566 | +110% |
| Other amounts receivable | 41 | €2,964 | €2,233 | -€731 | -24.7% |
| Cash at bank and in hand | 54/58 | €12,032 | €16,039 | +€4,007 | +33.3% |
| Deferred charges and accrued income | 490/1 | - | €795 | +€795 | |
| Total equity and liabilities | 10/49 | €48,586 | €114,777 | +€66,191 | +136% |
| Equity | 10/15 | €30,359 | €66,200 | +€35,841 | +118% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307 | €307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €307 | €307 | = | 0.0% |
| Reserves not available under the articles | 1311 | €307 | €307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,852 | €59,693 | +€35,841 | +150% |
| Amounts payable | 17/49 | €18,227 | €48,577 | +€30,350 | +167% |
| Amounts payable within one year | 42/48 | €18,227 | €48,577 | +€30,350 | +167% |
| Trade debts | 44 | €1,522 | - | -€1,522 | |
| Suppliers | 440/4 | €1,522 | - | -€1,522 | |
| Taxes, remuneration and social security | 45 | €231 | €32,707 | +€32,476 | +14,078% |
| Taxes | 450/3 | €231 | €15,380 | +€15,149 | +6,567% |
| Remuneration and social security | 454/9 | - | €17,327 | +€17,327 | |
| Other amounts payable | 47/48 | €16,474 | €15,870 | -€604 | -3.7% |
| Turnover | 70 | €329,232 | €579,148 | +€249,915 | +75.9% |
| Non-recurring operating income | 76A | - | €15,165 | +€15,165 | |
| Goods, raw materials, services and sundry goods | 60/61 | €319,665 | €538,760 | +€219,094 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,734 | €5,341 | -€1,393 | -20.7% |
| Other operating charges | 640/8 | €1,051 | €1,688 | +€638 | +60.7% |
| Gross operating margin | 9900 | €9,567 | €59,261 | +€49,694 | +519% |
| Operating profit (loss) | 9901 | €1,782 | €52,231 | +€50,449 | +2,832% |
| Financial income | 75/76B | €42 | €6 | -€36 | -85.0% |
| Recurring financial income | 75 | €42 | €6 | -€36 | -85.0% |
| Financial charges | 65/66B | €96 | €1,247 | +€1,151 | +1,205% |
| Recurring financial charges | 65 | €96 | €1,247 | +€1,151 | +1,205% |
| Profit (loss) for the period before taxes | 9903 | €1,728 | €50,991 | +€49,262 | +2,851% |
| Income taxes | 67/77 | - | €15,149 | +€15,149 | |
| Profit (loss) for the period | 9904 | €1,728 | €35,841 | +€34,113 | +1,974% |
| Profit (loss) for the period to be appropriated | 9905 | €1,728 | €35,841 | +€34,113 | +1,974% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.