C.D. MORGAN CONSULT: 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.
C.D. MORGAN CONSULT
Largest movements
- Cash +€16,160
up €16,160 (+55.1%), from €29,315 to €45,476
mainly Other debts (+€39,007) and Deferred charges and accrued income (+€6,152)
- Receivables within one year +€7,363
up €7,363 (+9.6%), from €76,894 to €84,256
of which Other amounts receivable: +€3,893
- Deferred charges and accrued income -€6,152
down €6,152 (-41.9%), from €14,691 to €8,539
- Tangible fixed assets -€4,024
down €4,024 (-26.4%), from €15,249 to €11,225
of which Furniture and vehicles: -€2,797
- Other debts +€39,007
up €39,007 (+497%), from €7,850 to €46,857
- Trade debts -€20,378
down €20,378 (-58.9%), from €34,597 to €14,219
- Tax, wage and social debts -€2,808
down €2,808 (-87.9%), from €3,194 to €385
- Profit (loss) carried forward -€2,474
down €2,474 (-59.3%), from -€4,175 to -€6,650
- Depreciation +€2,797
up €2,797 (+228%), from €1,227 to €4,024
- Gross operating margin +€2,745
up €2,745 (+428%), from €642 to €3,387
- Other operating charges -€2,480
down €2,480 (-88.6%), from €2,800 to €320
- Financial charges +€288
up €288 (+29.6%), from €973 to €1,261
- Taxes +€272
up €272 (+241%), from €113 to €385
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,271 | €153,617 | +€13,347 | +9.5% |
| Fixed assets | 21/28 | €17,349 | €13,325 | -€4,024 | -23.2% |
| Tangible fixed assets | 22/27 | €15,249 | €11,225 | -€4,024 | -26.4% |
| Land and buildings | 22 | €4,253 | €3,025 | -€1,227 | -28.9% |
| Furniture and vehicles | 24 | €10,997 | €8,200 | -€2,797 | -25.4% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €122,921 | €140,292 | +€17,370 | +14.1% |
| Stocks and contracts in progress | 3 | €2,021 | €2,021 | = | 0.0% |
| Stocks | 30/36 | €2,021 | €2,021 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,894 | €84,256 | +€7,363 | +9.6% |
| Trade receivables | 40 | €9,006 | €12,475 | +€3,470 | +38.5% |
| Other amounts receivable | 41 | €67,888 | €71,781 | +€3,893 | +5.7% |
| Cash at bank and in hand | 54/58 | €29,315 | €45,476 | +€16,160 | +55.1% |
| Deferred charges and accrued income | 490/1 | €14,691 | €8,539 | -€6,152 | -41.9% |
| Total equity and liabilities | 10/49 | €140,271 | €153,617 | +€13,347 | +9.5% |
| Equity | 10/15 | €94,630 | €92,156 | -€2,474 | -2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €36,832 | €36,832 | = | 0.0% |
| Non-distributable reserves | 130/1 | €359 | €359 | = | 0.0% |
| Legal reserve | 130 | €359 | €359 | = | 0.0% |
| Distributable reserves | 133 | €36,473 | €36,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,175 | -€6,650 | -€2,474 | -59.3% |
| Amounts payable | 17/49 | €45,641 | €61,461 | +€15,821 | +34.7% |
| Amounts payable within one year | 42/48 | €45,641 | €61,461 | +€15,821 | +34.7% |
| Trade debts | 44 | €34,597 | €14,219 | -€20,378 | -58.9% |
| Suppliers | 440/4 | €34,597 | €14,219 | -€20,378 | -58.9% |
| Taxes, remuneration and social security | 45 | €3,194 | €385 | -€2,808 | -87.9% |
| Taxes | 450/3 | €3,194 | €385 | -€2,808 | -87.9% |
| Other amounts payable | 47/48 | €7,850 | €46,857 | +€39,007 | +497% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €4,024 | +€2,797 | +228% |
| Other operating charges | 640/8 | €2,800 | €320 | -€2,480 | -88.6% |
| Gross operating margin | 9900 | €642 | €3,387 | +€2,745 | +428% |
| Operating profit (loss) | 9901 | -€3,386 | -€957 | +€2,429 | +71.7% |
| Financial income | 75/76B | €297 | €130 | -€167 | -56.3% |
| Recurring financial income | 75 | €297 | €130 | -€167 | -56.3% |
| Financial charges | 65/66B | €973 | €1,261 | +€288 | +29.6% |
| Recurring financial charges | 65 | €973 | €1,261 | +€288 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,062 | -€2,089 | +€1,974 | +48.6% |
| Income taxes | 67/77 | €113 | €385 | +€272 | +241% |
| Profit (loss) for the period | 9904 | -€4,175 | -€2,474 | +€1,701 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,175 | -€2,474 | +€1,701 | +40.7% |
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 23 October 2026 via checked.be.