M en V CONSULT: what changed
M en V CONSULT
Largest movements
- Receivables within one year -€30,322
down €30,322 (-30.7%), from €98,920 to €68,597
of which Trade receivables: -€29,518
- Tangible fixed assets +€10,727
up €10,727 (+29.4%), from €36,512 to €47,238
of which Furniture and vehicles: +€6,372
- Cash -€2,700
down €2,700 (-29.5%), from €9,149 to €6,450
mainly Contributions, distributions and other (-€73,118) and Investment in fixed assets (net) (-€22,951)
- Reserves -€73,118
down €73,118 (-31.6%), from €231,689 to €158,570
- Provisions +€62,800
new in 2025: €62,800
- Profit (loss) carried forward -€20,091
new in 2025: -€20,091
- Tax, wage and social debts +€9,734
up €9,734 (+33.6%), from €28,993 to €38,727
- Provisions +€62,800
new in 2025: €62,800
- Gross operating margin -€14,722
down €14,722 (-16.6%), from €88,630 to €73,909
- Taxes -€14,341
down €14,341 (-48.4%), from €29,624 to €15,283
- Depreciation +€3,266
up €3,266 (+36.5%), from €8,959 to €12,225
- Financial charges -€1,199
down €1,199 (-27.5%), from €4,363 to €3,165
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,284 | €244,219 | -€22,065 | -8.3% |
| Fixed assets | 21/28 | €156,512 | €167,238 | +€10,727 | +6.9% |
| Tangible fixed assets | 22/27 | €36,512 | €47,238 | +€10,727 | +29.4% |
| Land and buildings | 22 | €2,800 | €2,330 | -€470 | -16.8% |
| Plant, machinery and equipment | 23 | €408 | €1,770 | +€1,362 | +333% |
| Furniture and vehicles | 24 | €31,022 | €37,394 | +€6,372 | +20.5% |
| Other tangible fixed assets | 26 | €2,282 | €5,745 | +€3,463 | +152% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €109,773 | €76,981 | -€32,791 | -29.9% |
| Amounts receivable within one year | 40/41 | €98,920 | €68,597 | -€30,322 | -30.7% |
| Trade receivables | 40 | €61,775 | €32,258 | -€29,518 | -47.8% |
| Other amounts receivable | 41 | €37,144 | €36,340 | -€805 | -2.2% |
| Cash at bank and in hand | 54/58 | €9,149 | €6,450 | -€2,700 | -29.5% |
| Deferred charges and accrued income | 490/1 | €1,703 | €1,934 | +€231 | +13.5% |
| Total equity and liabilities | 10/49 | €266,284 | €244,219 | -€22,065 | -8.3% |
| Equity | 10/15 | €231,689 | €138,480 | -€93,209 | -40.2% |
| Reserves | 13 | €231,689 | €158,570 | -€73,118 | -31.6% |
| Distributable reserves | 133 | €231,689 | €158,570 | -€73,118 | -31.6% |
| Profit (loss) carried forward | 14 | - | -€20,091 | -€20,091 | |
| Provisions and deferred taxes | 16 | - | €62,800 | +€62,800 | |
| Provisions for liabilities and charges | 160/5 | - | €62,800 | +€62,800 | |
| Other liabilities and charges | 164/5 | - | €62,800 | +€62,800 | |
| Amounts payable | 17/49 | €34,596 | €42,940 | +€8,344 | +24.1% |
| Amounts payable within one year | 42/48 | €34,596 | €42,940 | +€8,344 | +24.1% |
| Trade debts | 44 | €5,603 | €4,213 | -€1,390 | -24.8% |
| Suppliers | 440/4 | €5,603 | €4,213 | -€1,390 | -24.8% |
| Taxes, remuneration and social security | 45 | €28,993 | €38,727 | +€9,734 | +33.6% |
| Taxes | 450/3 | €28,993 | €38,727 | +€9,734 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,959 | €12,225 | +€3,266 | +36.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €62,800 | +€62,800 | |
| Other operating charges | 640/8 | €531 | €527 | -€4 | -0.7% |
| Gross operating margin | 9900 | €88,630 | €73,909 | -€14,722 | -16.6% |
| Operating profit (loss) | 9901 | €79,140 | -€1,643 | -€80,784 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +355% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +355% |
| Financial charges | 65/66B | €4,363 | €3,165 | -€1,199 | -27.5% |
| Recurring financial charges | 65 | €4,363 | €3,165 | -€1,199 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €74,777 | -€4,807 | -€79,585 | |
| Income taxes | 67/77 | €29,624 | €15,283 | -€14,341 | -48.4% |
| Profit (loss) for the period | 9904 | €45,153 | -€20,091 | -€65,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,153 | -€20,091 | -€65,244 |
Next steps
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 7 November 2026 via checked.be.