M.A 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.
M.A CONSULT
Largest movements
- Cash +€35,477
up €35,477 (+26.3%), from €135,007 to €170,484
mainly Net result for the year (+€124,678) and Other debts (+€30,806)
- Tangible fixed assets -€20,668
down €20,668 (-24.5%), from €84,497 to €63,829
of which Furniture and vehicles: -€21,510
- Receivables within one year +€15,577
up €15,577 (+30.3%), from €51,403 to €66,980
- Tax, wage and social debts -€55,109
down €55,109 (-74.7%), from €73,796 to €18,688
- Other debts +€30,806
up €30,806 (+42.3%), from €72,861 to €103,667
- Profit (loss) carried forward +€24,678
up €24,678 (+9.1%), from €271,916 to €296,594
- Trade debts +€24,391
up €24,391 (+129.6%), from €18,828 to €43,219
- Short-term financial debts +€20,560
up €20,560 (+143.6%), from €14,322 to €34,882
- Taxes -€24,125
down €24,125 (-34.8%), from €69,366 to €45,240
- Gross operating margin -€10,538
down €10,538 (-5.1%), from €205,632 to €195,094
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,338 | €551,782 | +€30,444 | +5.8% |
| Fixed assets | 21/28 | €84,497 | €63,829 | -€20,668 | -24.5% |
| Tangible fixed assets | 22/27 | €84,497 | €63,829 | -€20,668 | -24.5% |
| Furniture and vehicles | 24 | €84,497 | €62,988 | -€21,510 | -25.5% |
| Other tangible fixed assets | 26 | - | €842 | +€842 | |
| Current assets | 29/58 | €436,841 | €487,953 | +€51,112 | +11.7% |
| Amounts receivable within one year | 40/41 | €51,403 | €66,980 | +€15,577 | +30.3% |
| Trade receivables | 40 | €51,403 | €66,980 | +€15,577 | +30.3% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,007 | €170,484 | +€35,477 | +26.3% |
| Deferred charges and accrued income | 490/1 | €431 | €490 | +€58 | +13.5% |
| Total equity and liabilities | 10/49 | €521,338 | €551,782 | +€30,444 | +5.8% |
| Equity | 10/15 | €292,376 | €317,054 | +€24,678 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,916 | €296,594 | +€24,678 | +9.1% |
| Amounts payable | 17/49 | €228,962 | €234,728 | +€5,766 | +2.5% |
| Amounts payable after more than one year | 17 | €49,155 | €34,273 | -€14,882 | -30.3% |
| Financial debts | 170/4 | €49,155 | €34,273 | -€14,882 | -30.3% |
| Amounts payable within one year | 42/48 | €179,807 | €200,456 | +€20,649 | +11.5% |
| Financial debts | 43 | €14,322 | €34,882 | +€20,560 | +143.6% |
| Credit institutions | 430/8 | €14,322 | €34,882 | +€20,560 | +143.6% |
| Trade debts | 44 | €18,828 | €43,219 | +€24,391 | +129.6% |
| Suppliers | 440/4 | €18,828 | €43,219 | +€24,391 | +129.6% |
| Taxes, remuneration and social security | 45 | €73,796 | €18,688 | -€55,109 | -74.7% |
| Taxes | 450/3 | €73,796 | €18,688 | -€55,109 | -74.7% |
| Other amounts payable | 47/48 | €72,861 | €103,667 | +€30,806 | +42.3% |
| Non-recurring operating income | 76A | €2,131 | €3,202 | +€1,071 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,452 | €21,678 | +€1,226 | +6.0% |
| Other operating charges | 640/8 | €3,949 | €3,792 | -€157 | -4.0% |
| Gross operating margin | 9900 | €205,632 | €195,094 | -€10,538 | -5.1% |
| Operating profit (loss) | 9901 | €181,231 | €169,624 | -€11,607 | -6.4% |
| Financial income | 75/76B | €2,099 | €3,195 | +€1,096 | +52.2% |
| Recurring financial income | 75 | €2,099 | €3,195 | +€1,096 | +52.2% |
| Financial charges | 65/66B | €3,944 | €2,901 | -€1,042 | -26.4% |
| Recurring financial charges | 65 | €3,944 | €2,901 | -€1,042 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €179,386 | €169,918 | -€9,468 | -5.3% |
| Income taxes | 67/77 | €69,366 | €45,240 | -€24,125 | -34.8% |
| Profit (loss) for the period | 9904 | €110,021 | €124,678 | +€14,657 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,021 | €124,678 | +€14,657 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.