M.K. 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.K. Consult
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+179%), from €167,840 to €467,840
- Receivables within one year -€155,202
down €155,202 (-89.1%), from €174,099 to €18,897
of which Other amounts receivable: -€157,828
- Cash +€9,035
up €9,035 (+14.2%), from €63,584 to €72,619
mainly Receivables within one year (+€155,202) and Net result for the year (+€91,924)
- Reserves +€91,924
up €91,924 (+84.5%), from €108,831 to €200,755
- Debts after one year +€76,034
up €76,034 (+63.9%), from €118,933 to €194,968
- Current portion of long-term debt -€6,558
down €6,558 (-18.1%), from €36,309 to €29,751
- Gross operating margin +€57,737
up €57,737 (+86.2%), from €66,984 to €124,721
- Taxes +€12,823
up €12,823 (+83.5%), from €15,351 to €28,173
- Financial income +€10,308
up €10,308 (+362%), from €2,844 to €13,152
- Financial charges +€6,430
up €6,430 (+64.9%), from €9,915 to €16,346
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 | €457,337 | €610,993 | +€153,656 | +33.6% |
| Fixed assets | 21/28 | €169,025 | €468,539 | +€299,513 | +177% |
| Tangible fixed assets | 22/27 | €1,185 | €699 | -€487 | -41.1% |
| Furniture and vehicles | 24 | €1,185 | €699 | -€487 | -41.1% |
| Financial fixed assets | 28 | €167,840 | €467,840 | +€300,000 | +179% |
| Current assets | 29/58 | €288,312 | €142,454 | -€145,857 | -50.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,099 | €18,897 | -€155,202 | -89.1% |
| Trade receivables | 40 | €16,272 | €18,897 | +€2,625 | +16.1% |
| Other amounts receivable | 41 | €157,828 | - | -€157,828 | |
| Cash at bank and in hand | 54/58 | €63,584 | €72,619 | +€9,035 | +14.2% |
| Deferred charges and accrued income | 490/1 | €628 | €938 | +€310 | +49.3% |
| Total equity and liabilities | 10/49 | €457,337 | €610,993 | +€153,656 | +33.6% |
| Equity | 10/15 | €121,231 | €213,155 | +€91,924 | +75.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,831 | €200,755 | +€91,924 | +84.5% |
| Distributable reserves | 133 | €108,831 | €200,755 | +€91,924 | +84.5% |
| Amounts payable | 17/49 | €336,106 | €397,837 | +€61,731 | +18.4% |
| Amounts payable after more than one year | 17 | €118,933 | €194,968 | +€76,034 | +63.9% |
| Financial debts | 170/4 | €118,933 | €194,968 | +€76,034 | +63.9% |
| Amounts payable within one year | 42/48 | €216,074 | €197,992 | -€18,082 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €36,309 | €29,751 | -€6,558 | -18.1% |
| Financial debts | 43 | €105,000 | €105,000 | = | 0.0% |
| Credit institutions | 430/8 | €105,000 | €105,000 | = | 0.0% |
| Trade debts | 44 | €1,013 | €64 | -€950 | -93.7% |
| Suppliers | 440/4 | €1,013 | €64 | -€950 | -93.7% |
| Taxes, remuneration and social security | 45 | €13,751 | €8,458 | -€5,293 | -38.5% |
| Taxes | 450/3 | €13,751 | €8,458 | -€5,293 | -38.5% |
| Other amounts payable | 47/48 | €60,000 | €54,719 | -€5,281 | -8.8% |
| Accrued charges and deferred income | 492/3 | €1,099 | €4,878 | +€3,779 | +344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €487 | +€212 | +76.8% |
| Other operating charges | 640/8 | €756 | €943 | +€188 | +24.8% |
| Gross operating margin | 9900 | €66,984 | €124,721 | +€57,737 | +86.2% |
| Operating profit (loss) | 9901 | €65,953 | €123,291 | +€57,338 | +86.9% |
| Financial income | 75/76B | €2,844 | €13,152 | +€10,308 | +362% |
| Recurring financial income | 75 | €2,844 | €13,152 | +€10,308 | +362% |
| Financial charges | 65/66B | €9,915 | €16,346 | +€6,430 | +64.9% |
| Recurring financial charges | 65 | €9,915 | €16,346 | +€6,430 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €58,882 | €120,098 | +€61,216 | +104% |
| Income taxes | 67/77 | €15,351 | €28,173 | +€12,823 | +83.5% |
| Profit (loss) for the period | 9904 | €43,531 | €91,924 | +€48,393 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €43,531 | €91,924 | +€48,393 | +111% |
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 24 October 2026 via checked.be.