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
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash -€88,173
down €88,173 (-98.1%), from €89,886 to €1,713
mainly Other debts (-€190,047) and Net result for the year (-€19,585)
- Tangible fixed assets -€12,902
down €12,902 (-100%), from €12,902 to €0
- Other debts -€190,047
down €190,047 (-72.6%), from €261,611 to €71,564
- Profit (loss) carried forward -€19,585
down €19,585 (-24.6%), from -€79,563 to -€99,147
- Accrued charges and deferred income +€10,288
new in 2026: €10,288
- Financial charges +€10,280
up €10,280 (+12,256%), from €84 to €10,363
- Financial income +€4,702
up €4,702 (+5,924%), from €79 to €4,781
- Gross operating margin +€4,645
up €4,645 (+34.5%), from -€13,461 to -€8,816
- Depreciation -€3,226
down €3,226 (-100%), from €3,226 to €0
- Taxes -€140
down €140 (-100%), from €140 to €0
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.
Derived cash bridge
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 | €202,825 | €3,287 | -€199,538 | -98.4% |
| Fixed assets | 21/28 | €12,902 | €0 | -€12,902 | -100% |
| Tangible fixed assets | 22/27 | €12,902 | €0 | -€12,902 | -100% |
| Furniture and vehicles | 24 | €12,902 | €0 | -€12,902 | -100% |
| Current assets | 29/58 | €189,923 | €3,287 | -€186,636 | -98.3% |
| Amounts receivable within one year | 40/41 | €37 | €1,574 | +€1,537 | +4,140% |
| Other amounts receivable | 41 | €37 | €1,574 | +€1,537 | +4,140% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €89,886 | €1,713 | -€88,173 | -98.1% |
| Total equity and liabilities | 10/49 | €202,825 | €3,287 | -€199,538 | -98.4% |
| Equity | 10/15 | -€59,103 | -€78,687 | -€19,585 | -33.1% |
| 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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,563 | -€99,147 | -€19,585 | -24.6% |
| Amounts payable | 17/49 | €261,928 | €81,975 | -€179,953 | -68.7% |
| Amounts payable within one year | 42/48 | €261,928 | €71,687 | -€190,241 | -72.6% |
| Trade debts | 44 | €177 | €123 | -€54 | -30.5% |
| Suppliers | 440/4 | €177 | €123 | -€54 | -30.5% |
| Taxes, remuneration and social security | 45 | €140 | €0 | -€140 | -100% |
| Taxes | 450/3 | €140 | €0 | -€140 | -100% |
| Other amounts payable | 47/48 | €261,611 | €71,564 | -€190,047 | -72.6% |
| Accrued charges and deferred income | 492/3 | - | €10,288 | +€10,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,226 | €0 | -€3,226 | -100% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | €4,667 | +€4,667 | |
| Gross operating margin | 9900 | -€13,461 | -€8,816 | +€4,645 | +34.5% |
| Operating profit (loss) | 9901 | -€17,192 | -€14,002 | +€3,190 | +18.6% |
| Financial income | 75/76B | €79 | €4,781 | +€4,702 | +5,924% |
| Recurring financial income | 75 | €79 | €4,781 | +€4,702 | +5,924% |
| Financial charges | 65/66B | €84 | €10,363 | +€10,280 | +12,256% |
| Recurring financial charges | 65 | €84 | €10,363 | +€10,280 | +12,256% |
| Profit (loss) for the period before taxes | 9903 | -€17,196 | -€19,585 | -€2,388 | -13.9% |
| Income taxes | 67/77 | €140 | €0 | -€140 | -100% |
| Profit (loss) for the period | 9904 | -€17,336 | -€19,585 | -€2,249 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,336 | -€19,585 | -€2,249 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.