M-CONSULT & DEV.: what changed
What changed
M-CONSULT & DEV.
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€56,706
2024 · €48,638+€8,068
Equity
€338,637
2024 · €281,931+€56,706
Cash
€3,644
2024 · €2,823+€821
Balance sheet total
€1.2m
2024 · €1.2m-€5,344
Largest movements
Assets
- Tangible fixed assets -€39,998
down €39,998 (-4.2%), from €948,484 to €908,486
of which Land and buildings: -€41,757
- Receivables after one year +€17,923
up €17,923 (+13.1%), from €137,077 to €155,000
- Receivables within one year +€16,546
up €16,546 (+23.4%), from €70,600 to €87,146
Equity and liabilities
- Debts after one year -€60,167
down €60,167 (-8.3%), from €725,105 to €664,938
- Reserves +€55,000
up €55,000 (+21.8%), from €251,860 to €306,860
of which Distributable reserves: +€55,000
- Tax, wage and social debts +€46,633
up €46,633 (+119%), from €39,349 to €85,982
of which Taxes: +€38,760
- Short-term financial debts -€45,065
no longer reported in 2025 (was €45,065)
Income statement
- Write-downs -€46,000
no longer reported in 2025 (was €46,000)
- Staff costs +€43,119
new in 2025: €43,119
- Other operating charges -€6,964
down €6,964 (-59.9%), from €11,631 to €4,667
- Taxes +€5,064
up €5,064 (+22.3%), from €22,691 to €27,755
- Gross operating margin +€3,695
up €3,695 (+1.9%), from €198,326 to €202,021
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€48,638
Gross operating margin
+€3,695
Staff costs
-€43,119
Depreciation
+€404
Write-downs
+€46,000
Other operating charges
+€6,964
Financial charges
-€813
Taxes
-€5,064
Result 2025
€56,706
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€111,733
Investment
-€3,454
Financing
-€107,458
Cash 2024
€2,823
From operations (derived)
+€111,733
Net result for the year
+€56,706
Depreciation
+€43,452
Receivables after one year
-€17,923
Receivables within one year
-€16,546
Deferred charges and accrued income
+€636
Trade debts
-€1,056
Tax, wage and social debts
+€46,633
Accrued charges and deferred income
-€169
Investment (derived)
-€3,454
Investment in fixed assets (net)
-€3,454
Financing
-€107,458
Debts after one year
-€60,167
Current portion of long-term debt
-€2,226
Short-term financial debts
-€45,065
Cash 2025
€3,644
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,162,840 | €1,157,495 | -€5,344 | -0.5% |
| Fixed assets | 21/28 | €948,609 | €908,611 | -€39,998 | -4.2% |
| Tangible fixed assets | 22/27 | €948,484 | €908,486 | -€39,998 | -4.2% |
| Land and buildings | 22 | €945,200 | €903,443 | -€41,757 | -4.4% |
| Plant, machinery and equipment | 23 | €1,738 | €1,056 | -€682 | -39.3% |
| Furniture and vehicles | 24 | €1,547 | €3,987 | +€2,441 | +158% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €214,230 | €248,884 | +€34,654 | +16.2% |
| Amounts receivable after more than one year | 29 | €137,077 | €155,000 | +€17,923 | +13.1% |
| Trade receivables | 290 | €137,077 | €155,000 | +€17,923 | +13.1% |
| Amounts receivable within one year | 40/41 | €70,600 | €87,146 | +€16,546 | +23.4% |
| Trade receivables | 40 | €70,600 | €87,146 | +€16,546 | +23.4% |
| Cash at bank and in hand | 54/58 | €2,823 | €3,644 | +€821 | +29.1% |
| Deferred charges and accrued income | 490/1 | €3,731 | €3,095 | -€636 | -17.0% |
| Total equity and liabilities | 10/49 | €1,162,840 | €1,157,495 | -€5,344 | -0.5% |
| Equity | 10/15 | €281,931 | €338,637 | +€56,706 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,860 | €306,860 | +€55,000 | +21.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €305,000 | +€55,000 | +22.0% |
| Profit (loss) carried forward | 14 | €11,471 | €13,177 | +€1,706 | +14.9% |
| Amounts payable | 17/49 | €880,908 | €818,858 | -€62,050 | -7.0% |
| Amounts payable after more than one year | 17 | €725,105 | €664,938 | -€60,167 | -8.3% |
| Financial debts | 170/4 | €725,105 | €664,938 | -€60,167 | -8.3% |
| Amounts payable within one year | 42/48 | €155,049 | €153,335 | -€1,714 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €62,393 | €60,167 | -€2,226 | -3.6% |
| Financial debts | 43 | €45,065 | - | -€45,065 | |
| Credit institutions | 430/8 | €45,065 | - | -€45,065 | |
| Trade debts | 44 | €8,242 | €7,186 | -€1,056 | -12.8% |
| Suppliers | 440/4 | €8,242 | €7,186 | -€1,056 | -12.8% |
| Taxes, remuneration and social security | 45 | €39,349 | €85,982 | +€46,633 | +119% |
| Taxes | 450/3 | €37,043 | €75,803 | +€38,760 | +105% |
| Remuneration and social security | 454/9 | €2,306 | €10,179 | +€7,873 | +341% |
| Accrued charges and deferred income | 492/3 | €754 | €585 | -€169 | -22.5% |
| Remuneration, social security and pensions | 62 | - | €43,119 | +€43,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,857 | €43,452 | -€404 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,000 | - | -€46,000 | |
| Other operating charges | 640/8 | €11,631 | €4,667 | -€6,964 | -59.9% |
| Gross operating margin | 9900 | €198,326 | €202,021 | +€3,695 | +1.9% |
| Operating profit (loss) | 9901 | €96,838 | €110,783 | +€13,945 | +14.4% |
| Financial charges | 65/66B | €25,509 | €26,322 | +€813 | +3.2% |
| Recurring financial charges | 65 | €25,509 | €26,322 | +€813 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €71,329 | €84,461 | +€13,132 | +18.4% |
| Income taxes | 67/77 | €22,691 | €27,755 | +€5,064 | +22.3% |
| Profit (loss) for the period | 9904 | €48,638 | €56,706 | +€8,068 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,638 | €56,706 | +€8,068 | +16.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.