M&A Risk 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 Risk Consulting
Largest movements
- Receivables after one year +€108,227
up €108,227 (+58.4%), from €185,457 to €293,684
- Cash -€55,080
down €55,080 (-29.8%), from €184,601 to €129,520
mainly Contributions, distributions and other (-€400,000) and Receivables after one year (-€108,227)
- Receivables within one year +€48,491
up €48,491 (+256%), from €18,909 to €67,399
of which Other amounts receivable: +€46,340
- Tangible fixed assets -€6,762
down €6,762 (-13.9%), from €48,672 to €41,911
of which Other tangible fixed assets: -€5,000
- Other debts +€399,963
up €399,963 (+1,093,992%), from €37 to €400,000
- Profit (loss) carried forward -€247,107
down €247,107 (-68.0%), from €363,516 to €116,409
- Tax, wage and social debts -€55,123
down €55,123 (-77.3%), from €71,338 to €16,216
- Gross operating margin -€34,941
down €34,941 (-15.4%), from €227,587 to €192,647
- Taxes -€6,999
down €6,999 (-13.3%), from €52,471 to €45,472
- Financial income +€6,637
up €6,637 (+95.4%), from €6,957 to €13,593
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 | €438,138 | €536,014 | +€97,876 | +22.3% |
| Fixed assets | 21/28 | €49,172 | €42,411 | -€6,762 | -13.8% |
| Tangible fixed assets | 22/27 | €48,672 | €41,911 | -€6,762 | -13.9% |
| Furniture and vehicles | 24 | €3,317 | €1,555 | -€1,762 | -53.1% |
| Other tangible fixed assets | 26 | €45,355 | €40,355 | -€5,000 | -11.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €388,966 | €493,603 | +€104,638 | +26.9% |
| Amounts receivable after more than one year | 29 | €185,457 | €293,684 | +€108,227 | +58.4% |
| Other amounts receivable | 291 | €185,457 | €293,684 | +€108,227 | +58.4% |
| Amounts receivable within one year | 40/41 | €18,909 | €67,399 | +€48,491 | +256% |
| Trade receivables | 40 | €18,857 | €21,008 | +€2,151 | +11.4% |
| Other amounts receivable | 41 | €52 | €46,392 | +€46,340 | +89,771% |
| Cash at bank and in hand | 54/58 | €184,601 | €129,520 | -€55,080 | -29.8% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €438,138 | €536,014 | +€97,876 | +22.3% |
| Equity | 10/15 | €366,016 | €118,909 | -€247,107 | -67.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,516 | €116,409 | -€247,107 | -68.0% |
| Amounts payable | 17/49 | €72,122 | €417,105 | +€344,983 | +478% |
| Amounts payable within one year | 42/48 | €72,122 | €417,105 | +€344,983 | +478% |
| Trade debts | 44 | €747 | €889 | +€142 | +19.0% |
| Suppliers | 440/4 | €747 | €889 | +€142 | +19.0% |
| Taxes, remuneration and social security | 45 | €71,338 | €16,216 | -€55,123 | -77.3% |
| Taxes | 450/3 | €71,338 | €16,216 | -€55,123 | -77.3% |
| Other amounts payable | 47/48 | €37 | €400,000 | +€399,963 | +1,093,992% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,179 | €6,762 | +€583 | +9.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €227,587 | €192,647 | -€34,941 | -15.4% |
| Operating profit (loss) | 9901 | €221,024 | €185,497 | -€35,527 | -16.1% |
| Financial income | 75/76B | €6,957 | €13,593 | +€6,637 | +95.4% |
| Recurring financial income | 75 | €6,957 | €13,593 | +€6,637 | +95.4% |
| Financial charges | 65/66B | €753 | €726 | -€28 | -3.7% |
| Recurring financial charges | 65 | €753 | €726 | -€28 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €227,227 | €198,365 | -€28,863 | -12.7% |
| Income taxes | 67/77 | €52,471 | €45,472 | -€6,999 | -13.3% |
| Profit (loss) for the period | 9904 | €174,756 | €152,893 | -€21,864 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,756 | €152,893 | -€21,864 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.