M Consult: what changed
Two fiscal 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 Consult
Largest movements
- Tangible fixed assets +€66,893
up €66,893 (+118.3%), from €56,564 to €123,457
of which Furniture and vehicles: +€77,090
- Receivables within one year -€12,901
down €12,901 (-37.6%), from €34,297 to €21,396
of which Other amounts receivable: -€18,000
- Deferred charges and accrued income +€6,601
up €6,601 (+570.5%), from €1,157 to €7,758
- Cash +€2,786
up €2,786 (+35.4%), from €7,865 to €10,651
mainly Debts after one year (+€32,014) and Short-term financial debts (+€14,953)
- Debts after one year +€32,014
up €32,014 (+111.9%), from €28,599 to €60,613
- Short-term financial debts +€14,953
up €14,953 (+99.3%), from €15,061 to €30,014
- Profit (loss) carried forward +€9,325
up €9,325 (+730.2%), from €1,277 to €10,602
- Accrued charges and deferred income +€3,150
up €3,150 (+371.9%), from €847 to €3,997
- Trade debts +€2,228
up €2,228 (+77.1%), from €2,888 to €5,116
- Gross operating margin -€34,430
down €34,430 (-47.4%), from €72,606 to €38,176
- Depreciation -€2,764
down €2,764 (-16.0%), from €17,310 to €14,546
- Other operating charges +€2,260
up €2,260 (+42.9%), from €5,266 to €7,526
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 | €99,933 | €163,312 | +€63,379 | +63.4% |
| Fixed assets | 21/28 | €56,614 | €123,507 | +€66,893 | +118.2% |
| Tangible fixed assets | 22/27 | €56,564 | €123,457 | +€66,893 | +118.3% |
| Land and buildings | 22 | €49,687 | €39,750 | -€9,937 | -20.0% |
| Plant, machinery and equipment | 23 | €6,877 | €6,617 | -€260 | -3.8% |
| Furniture and vehicles | 24 | - | €77,090 | +€77,090 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €43,319 | €39,805 | -€3,514 | -8.1% |
| Amounts receivable within one year | 40/41 | €34,297 | €21,396 | -€12,901 | -37.6% |
| Trade receivables | 40 | €9,297 | €14,396 | +€5,099 | +54.8% |
| Other amounts receivable | 41 | €25,000 | €7,000 | -€18,000 | -72.0% |
| Cash at bank and in hand | 54/58 | €7,865 | €10,651 | +€2,786 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,157 | €7,758 | +€6,601 | +570.5% |
| Total equity and liabilities | 10/49 | €99,933 | €163,312 | +€63,379 | +63.4% |
| Equity | 10/15 | €51,277 | €60,602 | +€9,325 | +18.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,277 | €10,602 | +€9,325 | +730.2% |
| Amounts payable | 17/49 | €48,656 | €102,710 | +€54,054 | +111.1% |
| Amounts payable after more than one year | 17 | €28,599 | €60,613 | +€32,014 | +111.9% |
| Financial debts | 170/4 | €28,599 | €60,613 | +€32,014 | +111.9% |
| Amounts payable within one year | 42/48 | €19,210 | €38,100 | +€18,890 | +98.3% |
| Financial debts | 43 | €15,061 | €30,014 | +€14,953 | +99.3% |
| Other loans | 439 | €15,061 | €30,014 | +€14,953 | +99.3% |
| Trade debts | 44 | €2,888 | €5,116 | +€2,228 | +77.1% |
| Suppliers | 440/4 | €2,888 | €5,116 | +€2,228 | +77.1% |
| Taxes, remuneration and social security | 45 | €61 | €2,272 | +€2,211 | +3624.6% |
| Taxes | 450/3 | €61 | €672 | +€611 | +1001.6% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €1,200 | €698 | -€502 | -41.8% |
| Accrued charges and deferred income | 492/3 | €847 | €3,997 | +€3,150 | +371.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,310 | €14,546 | -€2,764 | -16.0% |
| Other operating charges | 640/8 | €5,266 | €7,526 | +€2,260 | +42.9% |
| Non-recurring operating charges | 66A | €33,273 | €123 | -€33,150 | -99.6% |
| Gross operating margin | 9900 | €72,606 | €38,176 | -€34,430 | -47.4% |
| Operating profit (loss) | 9901 | €16,757 | €15,981 | -€776 | -4.6% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €4,902 | €4,302 | -€600 | -12.2% |
| Recurring financial charges | 65 | €4,902 | €4,302 | -€600 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €11,855 | €11,807 | -€48 | -0.4% |
| Income taxes | 67/77 | €1,789 | €2,482 | +€693 | +38.7% |
| Profit (loss) for the period | 9904 | €10,066 | €9,325 | -€741 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,066 | €9,325 | -€741 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.