MS GROUP SOLUTIONS: what changed
Two fiscal 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.
MS GROUP SOLUTIONS
Largest movements
- Tangible fixed assets -€5,290
down €5,290 (-57.3%), from €9,237 to €3,947
- Receivables within one year +€2,001
new in 2025: €2,001
- Cash +€1,016
up €1,016 (+1091.0%), from €93 to €1,110
mainly Depreciation (+€5,626) and Other debts (+€2,970)
- Formation expenses -€336
no longer reported in 2025 (was €336)
- Profit (loss) carried forward -€4,649
down €4,649 (-28.7%), from -€16,190 to -€20,839
- Other debts +€2,970
up €2,970 (+12.2%), from €24,255 to €27,225
- Trade debts -€930
down €930 (-27.8%), from €3,351 to €2,421
- Turnover +€14,211
up €14,211 (+68.9%), from €20,635 to €34,846
- Gross operating margin +€9,988
up €9,988, from -€8,734 to €1,254
- Purchases and services +€4,223
up €4,223 (+14.4%), from €29,369 to €33,592
- Depreciation -€1,637
down €1,637 (-22.5%), from €7,262 to €5,626
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.
Cash bridge derived
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 | €11,916 | €9,307 | -€2,609 | -21.9% |
| Formation expenses | 20 | €336 | - | -€336 | |
| Fixed assets | 21/28 | €11,487 | €6,197 | -€5,290 | -46.1% |
| Tangible fixed assets | 22/27 | €9,237 | €3,947 | -€5,290 | -57.3% |
| Plant, machinery and equipment | 23 | €9,237 | €3,947 | -€5,290 | -57.3% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €93 | €3,110 | +€3,017 | +3238.5% |
| Amounts receivable within one year | 40/41 | - | €2,001 | +€2,001 | |
| Trade receivables | 40 | - | €2,001 | +€2,001 | |
| Cash at bank and in hand | 54/58 | €93 | €1,110 | +€1,016 | +1091.0% |
| Total equity and liabilities | 10/49 | €11,916 | €9,307 | -€2,609 | -21.9% |
| Equity | 10/15 | -€15,690 | -€20,339 | -€4,649 | -29.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,190 | -€20,839 | -€4,649 | -28.7% |
| Amounts payable | 17/49 | €27,606 | €29,646 | +€2,040 | +7.4% |
| Amounts payable within one year | 42/48 | €27,606 | €29,646 | +€2,040 | +7.4% |
| Trade debts | 44 | €3,351 | €2,421 | -€930 | -27.8% |
| Suppliers | 440/4 | €3,351 | €2,421 | -€930 | -27.8% |
| Other amounts payable | 47/48 | €24,255 | €27,225 | +€2,970 | +12.2% |
| Turnover | 70 | €20,635 | €34,846 | +€14,211 | +68.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,369 | €33,592 | +€4,223 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,262 | €5,626 | -€1,637 | -22.5% |
| Other operating charges | 640/8 | €118 | €186 | +€68 | +57.4% |
| Gross operating margin | 9900 | -€8,734 | €1,254 | +€9,988 | |
| Operating profit (loss) | 9901 | -€16,114 | -€4,557 | +€11,557 | +71.7% |
| Financial charges | 65/66B | €76 | €91 | +€16 | +20.9% |
| Recurring financial charges | 65 | €76 | €91 | +€16 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,190 | -€4,649 | +€11,541 | +71.3% |
| Profit (loss) for the period | 9904 | -€16,190 | -€4,649 | +€11,541 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,190 | -€4,649 | +€11,541 | +71.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.