M 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 CONSULTING
Largest movements
- Tangible fixed assets +€44,240
up €44,240 (+14.9%), from €297,072 to €341,312
of which Furniture and vehicles: +€51,122
- Cash -€19,909
down €19,909 (-13.4%), from €148,468 to €128,559
mainly Investment in fixed assets (net) (-€62,901) and Current portion of long-term debt (-€29,336)
- Profit (loss) carried forward +€65,594
up €65,594, from -€65,587 to €8
- Current portion of long-term debt -€29,336
no longer reported in 2025 (was €29,336)
- Tax, wage and social debts -€7,192
no longer reported in 2025 (was €7,192)
- Other debts -€6,200
down €6,200 (-46.6%), from €13,300 to €7,100
- Reserves +€5,650
up €5,650 (+5.1%), from €111,360 to €117,010
of which Distributable reserves: +€5,650
- Financial charges -€127,462
down €127,462 (-83.6%), from €152,533 to €25,072
of which Non-recurring financial charges: -€127,500
- Gross operating margin -€23,034
down €23,034 (-13.0%), from €177,008 to €153,975
- Depreciation +€10,009
up €10,009 (+116%), from €8,651 to €18,660
- Taxes -€7,349
down €7,349 (-19.7%), from €37,213 to €29,864
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 | €469,987 | €494,760 | +€24,773 | +5.3% |
| Fixed assets | 21/28 | €297,072 | €341,312 | +€44,240 | +14.9% |
| Tangible fixed assets | 22/27 | €297,072 | €341,312 | +€44,240 | +14.9% |
| Land and buildings | 22 | €297,072 | €288,420 | -€8,651 | -2.9% |
| Furniture and vehicles | 24 | - | €51,122 | +€51,122 | |
| Other tangible fixed assets | 26 | - | €1,770 | +€1,770 | |
| Current assets | 29/58 | €172,916 | €153,448 | -€19,468 | -11.3% |
| Amounts receivable within one year | 40/41 | - | €441 | +€441 | |
| Other amounts receivable | 41 | - | €441 | +€441 | |
| Current investments | 50/53 | €24,448 | €24,448 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €148,468 | €128,559 | -€19,909 | -13.4% |
| Total equity and liabilities | 10/49 | €469,987 | €494,760 | +€24,773 | +5.3% |
| Equity | 10/15 | €64,373 | €135,618 | +€71,244 | +111% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,360 | €117,010 | +€5,650 | +5.1% |
| 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 | €109,500 | €115,150 | +€5,650 | +5.2% |
| Profit (loss) carried forward | 14 | -€65,587 | €8 | +€65,594 | |
| Provisions and deferred taxes | 16 | €336,536 | €332,179 | -€4,357 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €336,536 | €332,179 | -€4,357 | -1.3% |
| Other liabilities and charges | 164/5 | €336,536 | €332,179 | -€4,357 | -1.3% |
| Amounts payable | 17/49 | €69,078 | €26,963 | -€42,115 | -61.0% |
| Amounts payable after more than one year | 17 | €18,300 | €18,300 | = | 0.0% |
| Financial debts | 170/4 | €18,300 | €18,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,046 | €7,199 | -€42,847 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €29,336 | - | -€29,336 | |
| Trade debts | 44 | €218 | €99 | -€118 | -54.4% |
| Suppliers | 440/4 | €218 | €99 | -€118 | -54.4% |
| Taxes, remuneration and social security | 45 | €7,192 | - | -€7,192 | |
| Taxes | 450/3 | €7,192 | - | -€7,192 | |
| Other amounts payable | 47/48 | €13,300 | €7,100 | -€6,200 | -46.6% |
| Accrued charges and deferred income | 492/3 | €732 | €1,464 | +€732 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,651 | €18,660 | +€10,009 | +116% |
| Other operating charges | 640/8 | €2,065 | €3,050 | +€985 | +47.7% |
| Gross operating margin | 9900 | €177,008 | €153,975 | -€23,034 | -13.0% |
| Operating profit (loss) | 9901 | €166,292 | €132,264 | -€34,028 | -20.5% |
| Financial income | 75/76B | €70 | €1,016 | +€946 | +1,354% |
| Recurring financial income | 75 | €70 | €1,016 | +€946 | +1,354% |
| Financial charges | 65/66B | €152,533 | €25,072 | -€127,462 | -83.6% |
| Recurring financial charges | 65 | €25,033 | €25,072 | +€38 | +0.2% |
| Non-recurring financial charges | 66B | €127,500 | - | -€127,500 | |
| Profit (loss) for the period before taxes | 9903 | €13,829 | €108,208 | +€94,380 | +682% |
| Income taxes | 67/77 | €37,213 | €29,864 | -€7,349 | -19.7% |
| Profit (loss) for the period | 9904 | -€23,384 | €78,344 | +€101,729 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,384 | €78,344 | +€101,729 |
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 19 October 2026 via checked.be.