M&E CONSULT: 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&E CONSULT
Largest movements
- Intangible fixed assets +€25,073
new in 2025: €25,073
- Cash -€19,624
down €19,624 (-19.1%), from €102,831 to €83,207
mainly Investment in fixed assets (net) (-€31,550) and Debts after one year (-€6,566)
- Tangible fixed assets -€9,461
down €9,461 (-22.0%), from €43,082 to €33,621
of which Furniture and vehicles: -€8,917
- Deferred charges and accrued income +€3,008
up €3,008 (+76.5%), from €3,929 to €6,937
- Debts after one year -€6,566
down €6,566 (-62.4%), from €10,528 to €3,963
- Trade debts +€3,992
up €3,992 (+97.4%), from €4,100 to €8,092
- Reserves +€3,734
up €3,734 (+2.7%), from €136,959 to €140,693
- Tax, wage and social debts -€3,326
down €3,326 (-25.6%), from €13,007 to €9,681
of which Taxes: -€3,466
- Gross operating margin -€14,623
down €14,623 (-42.0%), from €34,833 to €20,210
- Taxes -€3,571
down €3,571 (-76.6%), from €4,662 to €1,091
- Financial income +€1,318
up €1,318 (+110%), from €1,203 to €2,521
- Depreciation +€1,222
up €1,222 (+8.3%), from €14,716 to €15,938
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 | €193,444 | €193,023 | -€421 | -0.2% |
| Fixed assets | 21/28 | €43,082 | €58,694 | +€15,612 | +36.2% |
| Intangible fixed assets | 21 | - | €25,073 | +€25,073 | |
| Tangible fixed assets | 22/27 | €43,082 | €33,621 | -€9,461 | -22.0% |
| Land and buildings | 22 | €299 | €0 | -€299 | -100% |
| Furniture and vehicles | 24 | €36,717 | €27,801 | -€8,917 | -24.3% |
| Other tangible fixed assets | 26 | €6,065 | €5,820 | -€245 | -4.0% |
| Current assets | 29/58 | €150,362 | €134,329 | -€16,033 | -10.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,602 | €19,185 | +€583 | +3.1% |
| Trade receivables | 40 | €18,252 | €18,083 | -€170 | -0.9% |
| Other amounts receivable | 41 | €350 | €1,103 | +€752 | +215% |
| Cash at bank and in hand | 54/58 | €102,831 | €83,207 | -€19,624 | -19.1% |
| Deferred charges and accrued income | 490/1 | €3,929 | €6,937 | +€3,008 | +76.5% |
| Total equity and liabilities | 10/49 | €193,444 | €193,023 | -€421 | -0.2% |
| Equity | 10/15 | €155,559 | €159,293 | +€3,734 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,959 | €140,693 | +€3,734 | +2.7% |
| Distributable reserves | 133 | €136,959 | €140,693 | +€3,734 | +2.7% |
| Amounts payable | 17/49 | €37,885 | €33,730 | -€4,155 | -11.0% |
| Amounts payable after more than one year | 17 | €10,528 | €3,963 | -€6,566 | -62.4% |
| Financial debts | 170/4 | €10,528 | €3,963 | -€6,566 | -62.4% |
| Amounts payable within one year | 42/48 | €27,214 | €29,485 | +€2,271 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €6,289 | €6,566 | +€277 | +4.4% |
| Financial debts | 43 | €34 | €387 | +€354 | +1,051% |
| Credit institutions | 430/8 | €34 | €387 | +€354 | +1,051% |
| Trade debts | 44 | €4,100 | €8,092 | +€3,992 | +97.4% |
| Suppliers | 440/4 | €4,100 | €8,092 | +€3,992 | +97.4% |
| Taxes, remuneration and social security | 45 | €13,007 | €9,681 | -€3,326 | -25.6% |
| Taxes | 450/3 | €9,005 | €5,540 | -€3,466 | -38.5% |
| Remuneration and social security | 454/9 | €4,002 | €4,142 | +€140 | +3.5% |
| Other amounts payable | 47/48 | €3,785 | €4,759 | +€974 | +25.7% |
| Accrued charges and deferred income | 492/3 | €143 | €282 | +€139 | +97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,716 | €15,938 | +€1,222 | +8.3% |
| Other operating charges | 640/8 | €1,158 | €1,237 | +€79 | +6.8% |
| Non-recurring operating charges | 66A | €1,001 | €0 | -€1,001 | -100% |
| Gross operating margin | 9900 | €34,833 | €20,210 | -€14,623 | -42.0% |
| Operating profit (loss) | 9901 | €17,958 | €3,035 | -€14,923 | -83.1% |
| Financial income | 75/76B | €1,203 | €2,521 | +€1,318 | +110% |
| Recurring financial income | 75 | €1,203 | €2,521 | +€1,318 | +110% |
| Financial charges | 65/66B | €954 | €731 | -€223 | -23.4% |
| Recurring financial charges | 65 | €954 | €731 | -€223 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €18,207 | €4,825 | -€13,382 | -73.5% |
| Income taxes | 67/77 | €4,662 | €1,091 | -€3,571 | -76.6% |
| Profit (loss) for the period | 9904 | €13,544 | €3,734 | -€9,810 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,544 | €3,734 | -€9,810 | -72.4% |
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 25 October 2026 via checked.be.