2M-CONSULT: 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.
2M-CONSULT
Largest movements
- Receivables within one year -€29,924
down €29,924 (-51.0%), from €58,691 to €28,767
of which Other amounts receivable: -€29,259
- Cash +€27,892
up €27,892 (+53.9%), from €51,721 to €79,613
mainly Net result for the year (+€96,582) and Depreciation (+€33,374)
- Deferred charges and accrued income +€16,267
up €16,267 (+93.5%), from €17,391 to €33,658
- Tangible fixed assets -€11,556
down €11,556 (-2.2%), from €528,208 to €516,652
of which Land and buildings: -€18,926
- Debts after one year -€66,787
down €66,787 (-23.1%), from €288,531 to €221,744
- Reserves +€46,582
up €46,582 (+9.4%), from €493,064 to €539,646
- Tax, wage and social debts +€10,170
up €10,170 (+33.3%), from €30,563 to €40,733
of which Taxes: +€8,861
- Gross operating margin +€13,313
up €13,313 (+7.4%), from €179,232 to €192,545
- Taxes +€6,492
up €6,492 (+14.8%), from €43,725 to €50,217
- Depreciation +€4,207
up €4,207 (+14.4%), from €29,167 to €33,374
- Financial charges -€2,684
down €2,684 (-19.1%), from €14,061 to €11,376
- Financial income +€2,265
up €2,265 (+102.6%), from €2,207 to €4,472
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 | €894,778 | €897,457 | +€2,679 | +0.3% |
| Fixed assets | 21/28 | €766,974 | €755,418 | -€11,556 | -1.5% |
| Tangible fixed assets | 22/27 | €528,208 | €516,652 | -€11,556 | -2.2% |
| Land and buildings | 22 | €473,097 | €454,171 | -€18,926 | -4.0% |
| Plant, machinery and equipment | 23 | €8,307 | €6,211 | -€2,096 | -25.2% |
| Furniture and vehicles | 24 | €21,365 | €18,118 | -€3,247 | -15.2% |
| Other tangible fixed assets | 26 | €25,440 | €38,153 | +€12,713 | +50.0% |
| Financial fixed assets | 28 | €238,766 | €238,766 | = | 0.0% |
| Current assets | 29/58 | €127,804 | €142,039 | +€14,235 | +11.1% |
| Amounts receivable within one year | 40/41 | €58,691 | €28,767 | -€29,924 | -51.0% |
| Trade receivables | 40 | €29,432 | €28,767 | -€665 | -2.3% |
| Other amounts receivable | 41 | €29,259 | - | -€29,259 | |
| Cash at bank and in hand | 54/58 | €51,721 | €79,613 | +€27,892 | +53.9% |
| Deferred charges and accrued income | 490/1 | €17,391 | €33,658 | +€16,267 | +93.5% |
| Total equity and liabilities | 10/49 | €894,778 | €897,457 | +€2,679 | +0.3% |
| Equity | 10/15 | €502,064 | €548,646 | +€46,582 | +9.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €493,064 | €539,646 | +€46,582 | +9.4% |
| Distributable reserves | 133 | €493,064 | €539,646 | +€46,582 | +9.4% |
| Amounts payable | 17/49 | €392,714 | €348,811 | -€43,903 | -11.2% |
| Amounts payable after more than one year | 17 | €288,531 | €221,744 | -€66,787 | -23.1% |
| Financial debts | 170/4 | €288,531 | €221,744 | -€66,787 | -23.1% |
| Amounts payable within one year | 42/48 | €104,183 | €127,067 | +€22,884 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €64,779 | €66,787 | +€2,008 | +3.1% |
| Trade debts | 44 | €8,841 | €15,510 | +€6,669 | +75.4% |
| Suppliers | 440/4 | €8,841 | €15,510 | +€6,669 | +75.4% |
| Taxes, remuneration and social security | 45 | €30,563 | €40,733 | +€10,170 | +33.3% |
| Taxes | 450/3 | €30,563 | €39,423 | +€8,861 | +29.0% |
| Remuneration and social security | 454/9 | - | €1,310 | +€1,310 | |
| Other amounts payable | 47/48 | - | €4,037 | +€4,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,167 | €33,374 | +€4,207 | +14.4% |
| Other operating charges | 640/8 | €5,553 | €5,467 | -€86 | -1.5% |
| Gross operating margin | 9900 | €179,232 | €192,545 | +€13,313 | +7.4% |
| Operating profit (loss) | 9901 | €144,513 | €153,704 | +€9,191 | +6.4% |
| Financial income | 75/76B | €2,207 | €4,472 | +€2,265 | +102.6% |
| Recurring financial income | 75 | €2,207 | €4,472 | +€2,265 | +102.6% |
| Financial charges | 65/66B | €14,061 | €11,376 | -€2,684 | -19.1% |
| Recurring financial charges | 65 | €14,061 | €11,376 | -€2,684 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €132,659 | €146,800 | +€14,141 | +10.7% |
| Income taxes | 67/77 | €43,725 | €50,217 | +€6,492 | +14.8% |
| Profit (loss) for the period | 9904 | €88,933 | €96,582 | +€7,649 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,933 | €96,582 | +€7,649 | +8.6% |
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 7 October 2026 via checked.be.