M&A CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€33,173
down €33,173 (-79.3%), from €41,850 to €8,677
- Cash +€12,224
up €12,224 (+1635.3%), from €747 to €12,971
mainly Debts after one year (+€184,176) and Net result for the year (+€64,436)
- Debts after one year +€184,176
up €184,176 (+36.3%), from €507,151 to €691,327
- Other debts -€115,336
down €115,336 (-47.9%), from €240,887 to €125,551
- Current portion of long-term debt -€87,266
down €87,266 (-95.1%), from €91,715 to €4,449
- Accrued charges and deferred income -€38,700
down €38,700 (-65.9%), from €58,700 to €20,000
- Profit (loss) carried forward +€14,436
up €14,436 (+35.4%), from €40,749 to €55,185
- Gross operating margin +€9,005
up €9,005 (+11.4%), from €78,925 to €87,930
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 | €990,401 | €967,354 | -€23,047 | -2.3% |
| Fixed assets | 21/28 | €946,996 | €944,815 | -€2,182 | -0.2% |
| Tangible fixed assets | 22/27 | €73,455 | €71,274 | -€2,182 | -3.0% |
| Land and buildings | 22 | €73,455 | €71,274 | -€2,182 | -3.0% |
| Financial fixed assets | 28 | €873,541 | €873,541 | = | 0.0% |
| Current assets | 29/58 | €43,404 | €22,539 | -€20,865 | -48.1% |
| Amounts receivable within one year | 40/41 | €41,850 | €8,677 | -€33,173 | -79.3% |
| Trade receivables | 40 | €41,850 | €8,677 | -€33,173 | -79.3% |
| Cash at bank and in hand | 54/58 | €747 | €12,971 | +€12,224 | +1635.3% |
| Deferred charges and accrued income | 490/1 | €807 | €891 | +€84 | +10.5% |
| Total equity and liabilities | 10/49 | €990,401 | €967,354 | -€23,047 | -2.3% |
| Equity | 10/15 | €61,209 | €75,645 | +€14,436 | +23.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | - | -€20,460 | |
| Issued capital | 100 | €20,460 | - | -€20,460 | |
| Profit (loss) carried forward | 14 | €40,749 | €55,185 | +€14,436 | +35.4% |
| Amounts payable | 17/49 | €929,192 | €891,709 | -€37,483 | -4.0% |
| Amounts payable after more than one year | 17 | €507,151 | €691,327 | +€184,176 | +36.3% |
| Financial debts | 170/4 | €507,151 | €691,327 | +€184,176 | +36.3% |
| Amounts payable within one year | 42/48 | €363,341 | €180,382 | -€182,959 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €91,715 | €4,449 | -€87,266 | -95.1% |
| Trade debts | 44 | €4,026 | €14,175 | +€10,149 | +252.0% |
| Suppliers | 440/4 | €4,026 | €14,175 | +€10,149 | +252.0% |
| Taxes, remuneration and social security | 45 | €26,713 | €36,207 | +€9,494 | +35.5% |
| Taxes | 450/3 | €26,713 | €25,557 | -€1,156 | -4.3% |
| Remuneration and social security | 454/9 | - | €10,650 | +€10,650 | |
| Other amounts payable | 47/48 | €240,887 | €125,551 | -€115,336 | -47.9% |
| Accrued charges and deferred income | 492/3 | €58,700 | €20,000 | -€38,700 | -65.9% |
| Non-recurring operating income | 76A | €1,337 | €31,189 | +€29,852 | +2233.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,182 | €2,182 | = | 0.0% |
| Other operating charges | 640/8 | €1,299 | €1,704 | +€405 | +31.2% |
| Gross operating margin | 9900 | €78,925 | €87,930 | +€9,005 | +11.4% |
| Operating profit (loss) | 9901 | €75,445 | €84,044 | +€8,600 | +11.4% |
| Financial income | 75/76B | - | €157 | +€157 | |
| Recurring financial income | 75 | - | €157 | +€157 | |
| Non-recurring financial income | 76B | - | €157 | +€157 | |
| Financial charges | 65/66B | €13,738 | €13,018 | -€720 | -5.2% |
| Recurring financial charges | 65 | €13,738 | €13,018 | -€720 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €61,707 | €71,184 | +€9,477 | +15.4% |
| Income taxes | 67/77 | €6,705 | €6,748 | +€43 | +0.6% |
| Profit (loss) for the period | 9904 | €55,002 | €64,436 | +€9,435 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,002 | €64,436 | +€9,435 | +17.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.