@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
- Cash -€7,601
down €7,601 (-21.6%), from €35,142 to €27,540
mainly Trade debts (-€13,388) and Tax, wage and social debts (-€11,872)
- Deferred charges and accrued income -€4,455
down €4,455 (-30.6%), from €14,554 to €10,099
- Tangible fixed assets -€3,440
down €3,440 (-34.7%), from €9,903 to €6,464
of which Furniture and vehicles: -€2,990
- Receivables after one year -€2,500
down €2,500 (-11.1%), from €22,500 to €20,000
- Receivables within one year -€2,056
down €2,056 (-5.3%), from €39,113 to €37,058
of which Trade receivables: -€6,861
- Trade debts -€13,388
down €13,388 (-85.8%), from €15,612 to €2,224
- Tax, wage and social debts -€11,872
down €11,872 (-55.4%), from €21,432 to €9,560
of which Taxes: -€11,464
- Profit (loss) carried forward +€11,526
up €11,526 (+19.4%), from €59,324 to €70,850
- Debts after one year -€6,513
down €6,513 (-53.5%), from €12,184 to €5,671
- Gross operating margin +€13,145
up €13,145 (+86.4%), from €15,217 to €28,363
- Financial charges +€5,012
up €5,012 (+321.9%), from €1,557 to €6,569
- Staff costs -€3,888
down €3,888 (-98.0%), from €3,966 to €78
- Other operating charges -€2,570
down €2,570 (-60.6%), from €4,242 to €1,673
- Taxes +€2,370
up €2,370 (+73.5%), from €3,223 to €5,592
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 | €121,392 | €101,341 | -€20,051 | -16.5% |
| Fixed assets | 21/28 | €10,083 | €6,644 | -€3,440 | -34.1% |
| Tangible fixed assets | 22/27 | €9,903 | €6,464 | -€3,440 | -34.7% |
| Plant, machinery and equipment | 23 | €1,822 | €1,373 | -€449 | -24.7% |
| Furniture and vehicles | 24 | €8,081 | €5,091 | -€2,990 | -37.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €111,309 | €94,697 | -€16,611 | -14.9% |
| Amounts receivable after more than one year | 29 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Other amounts receivable | 291 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Amounts receivable within one year | 40/41 | €39,113 | €37,058 | -€2,056 | -5.3% |
| Trade receivables | 40 | €35,266 | €28,406 | -€6,861 | -19.5% |
| Other amounts receivable | 41 | €3,847 | €8,652 | +€4,805 | +124.9% |
| Cash at bank and in hand | 54/58 | €35,142 | €27,540 | -€7,601 | -21.6% |
| Deferred charges and accrued income | 490/1 | €14,554 | €10,099 | -€4,455 | -30.6% |
| Total equity and liabilities | 10/49 | €121,392 | €101,341 | -€20,051 | -16.5% |
| Equity | 10/15 | €65,846 | €77,373 | +€11,526 | +17.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €6,023 | €6,023 | = | 0.0% |
| Distributable reserves | 133 | €6,023 | €6,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,324 | €70,850 | +€11,526 | +19.4% |
| Amounts payable | 17/49 | €55,545 | €23,968 | -€31,577 | -56.8% |
| Amounts payable after more than one year | 17 | €12,184 | €5,671 | -€6,513 | -53.5% |
| Financial debts | 170/4 | €12,184 | €5,671 | -€6,513 | -53.5% |
| Amounts payable within one year | 42/48 | €43,253 | €18,297 | -€24,956 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €6,209 | €6,514 | +€304 | +4.9% |
| Trade debts | 44 | €15,612 | €2,224 | -€13,388 | -85.8% |
| Suppliers | 440/4 | €15,612 | €2,224 | -€13,388 | -85.8% |
| Taxes, remuneration and social security | 45 | €21,432 | €9,560 | -€11,872 | -55.4% |
| Taxes | 450/3 | €21,024 | €9,560 | -€11,464 | -54.5% |
| Remuneration and social security | 454/9 | €408 | €0 | -€408 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €108 | €0 | -€108 | -100.0% |
| Non-recurring operating income | 76A | €0 | €215 | +€215 | |
| Remuneration, social security and pensions | 62 | €3,966 | €78 | -€3,888 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,415 | €3,440 | +€25 | +0.7% |
| Other operating charges | 640/8 | €4,242 | €1,673 | -€2,570 | -60.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,217 | €28,363 | +€13,145 | +86.4% |
| Operating profit (loss) | 9901 | €3,594 | €23,172 | +€19,578 | +544.7% |
| Financial income | 75/76B | €597 | €515 | -€81 | -13.6% |
| Recurring financial income | 75 | €597 | €515 | -€81 | -13.6% |
| Financial charges | 65/66B | €1,557 | €6,569 | +€5,012 | +321.9% |
| Recurring financial charges | 65 | €1,557 | €6,569 | +€5,012 | +321.9% |
| Profit (loss) for the period before taxes | 9903 | €2,634 | €17,118 | +€14,485 | +550.0% |
| Income taxes | 67/77 | €3,223 | €5,592 | +€2,370 | +73.5% |
| Profit (loss) for the period | 9904 | -€589 | €11,526 | +€12,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€589 | €11,526 | +€12,115 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.