M.D. CONSULTANTS: 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.D. CONSULTANTS
Largest movements
- Receivables after one year -€22,400
down €22,400 (-41.4%), from €54,050 to €31,650
- Receivables within one year -€12,903
down €12,903 (-48.1%), from €26,846 to €13,943
of which Other amounts receivable: -€17,211
- Cash -€2,406
down €2,406 (-13.6%), from €17,697 to €15,290
mainly Contributions, distributions and other (-€27,042) and Other debts (-€16,700)
- Reserves -€19,221
down €19,221 (-47.3%), from €40,606 to €21,385
- Other debts -€16,700
no longer reported in 2025 (was €16,700)
- Tax, wage and social debts -€1,579
down €1,579 (-17.8%), from €8,888 to €7,309
of which Taxes: -€1,579
- Write-downs +€4,808
up €4,808 (+58.6%), from -€8,210 to -€3,402
- Other operating charges -€4,708
down €4,708 (-54.2%), from €8,678 to €3,970
- Gross operating margin +€1,014
up €1,014 (+10.7%), from €9,494 to €10,509
- Financial income +€235
up €235 (+12.0%), from €1,962 to €2,197
- Taxes +€229
up €229 (+6.3%), from €3,622 to €3,852
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 | €101,813 | €64,040 | -€37,773 | -37.1% |
| Fixed assets | 21/28 | €1,141 | €843 | -€298 | -26.1% |
| Tangible fixed assets | 22/27 | €1,141 | €843 | -€298 | -26.1% |
| Furniture and vehicles | 24 | €1,141 | €843 | -€298 | -26.1% |
| Current assets | 29/58 | €100,672 | €63,197 | -€37,475 | -37.2% |
| Amounts receivable after more than one year | 29 | €54,050 | €31,650 | -€22,400 | -41.4% |
| Other amounts receivable | 291 | €54,050 | €31,650 | -€22,400 | -41.4% |
| Amounts receivable within one year | 40/41 | €26,846 | €13,943 | -€12,903 | -48.1% |
| Trade receivables | 40 | €8,252 | €12,560 | +€4,307 | +52.2% |
| Other amounts receivable | 41 | €18,593 | €1,383 | -€17,211 | -92.6% |
| Cash at bank and in hand | 54/58 | €17,697 | €15,290 | -€2,406 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,079 | €2,314 | +€235 | +11.3% |
| Total equity and liabilities | 10/49 | €101,813 | €64,040 | -€37,773 | -37.1% |
| Equity | 10/15 | €75,195 | €55,974 | -€19,221 | -25.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €40,606 | €21,385 | -€19,221 | -47.3% |
| Distributable reserves | 133 | €40,606 | €21,385 | -€19,221 | -47.3% |
| Profit (loss) carried forward | 14 | €14,129 | €14,129 | = | 0.0% |
| Amounts payable | 17/49 | €26,618 | €8,067 | -€18,552 | -69.7% |
| Amounts payable within one year | 42/48 | €26,618 | €8,067 | -€18,552 | -69.7% |
| Trade debts | 44 | €1,030 | €758 | -€273 | -26.5% |
| Suppliers | 440/4 | €1,030 | €758 | -€273 | -26.5% |
| Taxes, remuneration and social security | 45 | €8,888 | €7,309 | -€1,579 | -17.8% |
| Taxes | 450/3 | €7,841 | €6,262 | -€1,579 | -20.1% |
| Remuneration and social security | 454/9 | €1,047 | €1,047 | = | 0.0% |
| Other amounts payable | 47/48 | €16,700 | - | -€16,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €298 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,210 | -€3,402 | +€4,808 | +58.6% |
| Other operating charges | 640/8 | €8,678 | €3,970 | -€4,708 | -54.2% |
| Non-recurring operating charges | 66A | €46 | - | -€46 | |
| Gross operating margin | 9900 | €9,494 | €10,509 | +€1,014 | +10.7% |
| Operating profit (loss) | 9901 | €8,684 | €9,643 | +€959 | +11.0% |
| Financial income | 75/76B | €1,962 | €2,197 | +€235 | +12.0% |
| Recurring financial income | 75 | €1,962 | €2,197 | +€235 | +12.0% |
| Financial charges | 65/66B | €194 | €167 | -€26 | -13.6% |
| Recurring financial charges | 65 | €194 | €167 | -€26 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €10,452 | €11,673 | +€1,220 | +11.7% |
| Income taxes | 67/77 | €3,622 | €3,852 | +€229 | +6.3% |
| Profit (loss) for the period | 9904 | €6,830 | €7,821 | +€991 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,830 | €7,821 | +€991 | +14.5% |
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 30 October 2026 via checked.be.