M&L 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&L CONSULT
Largest movements
- Receivables within one year -€19,257
down €19,257 (-34.4%), from €55,935 to €36,678
of which Other amounts receivable: -€14,918
- Tangible fixed assets -€19,211
down €19,211 (-4.9%), from €395,560 to €376,349
of which Land and buildings: -€14,522
- Cash -€4,700
down €4,700 (-95.5%), from €4,919 to €219
mainly Debts after one year (-€53,943) and Current portion of long-term debt (-€12,008)
- Debts after one year -€53,943
down €53,943 (-16.6%), from €325,632 to €271,689
- Profit (loss) carried forward +€26,949
up €26,949 (+24.2%), from -€111,167 to -€84,217
- Current portion of long-term debt -€12,008
down €12,008 (-18.2%), from €65,951 to €53,943
- Provisions -€27,936
down €27,936 (-34.4%), from €81,186 to €53,250
- Gross operating margin -€18,131
down €18,131 (-17.4%), from €103,962 to €85,831
- Financial charges -€3,554
down €3,554 (-19.7%), from €18,006 to €14,453
- Other operating charges -€1,479
down €1,479 (-28.5%), from €5,180 to €3,701
- Financial income +€1,109
up €1,109 (+3.3%), from €33,238 to €34,347
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 | €458,135 | €414,537 | -€43,599 | -9.5% |
| Fixed assets | 21/28 | €395,560 | €376,349 | -€19,211 | -4.9% |
| Tangible fixed assets | 22/27 | €395,560 | €376,349 | -€19,211 | -4.9% |
| Land and buildings | 22 | €366,711 | €352,189 | -€14,522 | -4.0% |
| Plant, machinery and equipment | 23 | €4,641 | €3,822 | -€819 | -17.6% |
| Furniture and vehicles | 24 | - | €2,053 | +€2,053 | |
| Leasing and similar rights | 25 | €24,207 | €18,285 | -€5,922 | -24.5% |
| Current assets | 29/58 | €62,576 | €38,187 | -€24,388 | -39.0% |
| Amounts receivable within one year | 40/41 | €55,935 | €36,678 | -€19,257 | -34.4% |
| Trade receivables | 40 | €10,527 | €6,188 | -€4,339 | -41.2% |
| Other amounts receivable | 41 | €45,408 | €30,490 | -€14,918 | -32.9% |
| Cash at bank and in hand | 54/58 | €4,919 | €219 | -€4,700 | -95.5% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,291 | -€431 | -25.0% |
| Total equity and liabilities | 10/49 | €458,135 | €414,537 | -€43,599 | -9.5% |
| Equity | 10/15 | -€2,501 | €24,448 | +€26,949 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,665 | €8,665 | = | 0.0% |
| Distributable reserves | 133 | €8,665 | €8,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,167 | -€84,217 | +€26,949 | +24.2% |
| Amounts payable | 17/49 | €460,637 | €390,089 | -€70,548 | -15.3% |
| Amounts payable after more than one year | 17 | €325,632 | €271,689 | -€53,943 | -16.6% |
| Financial debts | 170/4 | €325,632 | €271,689 | -€53,943 | -16.6% |
| Amounts payable within one year | 42/48 | €135,005 | €118,400 | -€16,606 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €65,951 | €53,943 | -€12,008 | -18.2% |
| Trade debts | 44 | €307 | €637 | +€330 | +107% |
| Suppliers | 440/4 | €307 | €637 | +€330 | +107% |
| Taxes, remuneration and social security | 45 | €8,674 | €4,105 | -€4,568 | -52.7% |
| Taxes | 450/3 | €8,674 | €4,105 | -€4,568 | -52.7% |
| Other amounts payable | 47/48 | €60,074 | €59,714 | -€360 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,774 | €21,685 | +€911 | +4.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €81,186 | €53,250 | -€27,936 | -34.4% |
| Other operating charges | 640/8 | €5,180 | €3,701 | -€1,479 | -28.5% |
| Gross operating margin | 9900 | €103,962 | €85,831 | -€18,131 | -17.4% |
| Operating profit (loss) | 9901 | -€3,177 | €7,195 | +€10,372 | |
| Financial income | 75/76B | €33,238 | €34,347 | +€1,109 | +3.3% |
| Recurring financial income | 75 | €33,238 | €34,347 | +€1,109 | +3.3% |
| Financial charges | 65/66B | €18,006 | €14,453 | -€3,554 | -19.7% |
| Recurring financial charges | 65 | €18,006 | €14,453 | -€3,554 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €12,055 | €27,089 | +€15,035 | +125% |
| Income taxes | 67/77 | €131 | €140 | +€9 | +7.0% |
| Profit (loss) for the period | 9904 | €11,924 | €26,949 | +€15,026 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €11,924 | €26,949 | +€15,026 | +126% |
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.