M & R 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 & R CONSULT
Largest movements
- Receivables within one year -€197,693
down €197,693 (-50.4%), from €392,432 to €194,739
of which Trade receivables: -€163,732
- Cash +€16,606
up €16,606 (+18.3%), from €90,769 to €107,375
mainly Receivables within one year (+€197,693) and Net result for the year (+€52,289)
- Tangible fixed assets -€14,529
down €14,529 (-76.7%), from €18,947 to €4,418
- Trade debts -€185,586
down €185,586 (-55.5%), from €334,352 to €148,766
- Tax, wage and social debts -€32,198
down €32,198 (-60.3%), from €53,355 to €21,157
of which Taxes: -€32,020
- Accrued charges and deferred income +€19,000
new in 2025: €19,000
- Profit (loss) carried forward +€9,715
up €9,715 (+19.2%), from €50,685 to €60,400
- Other debts -€6,546
down €6,546 (-22.7%), from €28,884 to €22,338
- Gross operating margin +€22,179
up €22,179 (+40.7%), from €54,539 to €76,718
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 | €502,149 | €306,532 | -€195,617 | -39.0% |
| Fixed assets | 21/28 | €18,947 | €4,418 | -€14,529 | -76.7% |
| Tangible fixed assets | 22/27 | €18,947 | €4,418 | -€14,529 | -76.7% |
| Furniture and vehicles | 24 | €18,947 | €4,418 | -€14,529 | -76.7% |
| Current assets | 29/58 | €483,201 | €302,114 | -€181,087 | -37.5% |
| Amounts receivable within one year | 40/41 | €392,432 | €194,739 | -€197,693 | -50.4% |
| Trade receivables | 40 | €304,372 | €140,640 | -€163,732 | -53.8% |
| Other amounts receivable | 41 | €88,060 | €54,099 | -€33,961 | -38.6% |
| Cash at bank and in hand | 54/58 | €90,769 | €107,375 | +€16,606 | +18.3% |
| Total equity and liabilities | 10/49 | €502,149 | €306,532 | -€195,617 | -39.0% |
| Equity | 10/15 | €81,242 | €90,956 | +€9,714 | +12.0% |
| Contributions | 10/11 | €6,197 | €6,197 | -€0 | 0.0% |
| Reserves | 13 | €24,359 | €24,359 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Distributable reserves | 133 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,685 | €60,400 | +€9,715 | +19.2% |
| Amounts payable | 17/49 | €420,907 | €215,576 | -€205,331 | -48.8% |
| Amounts payable after more than one year | 17 | €4,315 | €4,315 | -€0 | 0.0% |
| Financial debts | 170/4 | €4,315 | €4,315 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €416,591 | €192,261 | -€224,330 | -53.8% |
| Trade debts | 44 | €334,352 | €148,766 | -€185,586 | -55.5% |
| Suppliers | 440/4 | €334,352 | €148,766 | -€185,586 | -55.5% |
| Taxes, remuneration and social security | 45 | €53,355 | €21,157 | -€32,198 | -60.3% |
| Taxes | 450/3 | €53,177 | €21,157 | -€32,020 | -60.2% |
| Remuneration and social security | 454/9 | €179 | - | -€179 | |
| Other amounts payable | 47/48 | €28,884 | €22,338 | -€6,546 | -22.7% |
| Accrued charges and deferred income | 492/3 | - | €19,000 | +€19,000 | |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,529 | €14,529 | +€0 | 0.0% |
| Other operating charges | 640/8 | €183 | - | -€183 | |
| Gross operating margin | 9900 | €54,539 | €76,718 | +€22,179 | +40.7% |
| Operating profit (loss) | 9901 | €39,440 | €62,189 | +€22,749 | +57.7% |
| Financial charges | 65/66B | €40 | €40 | -€0 | -0.7% |
| Recurring financial charges | 65 | €40 | €40 | -€0 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €39,399 | €62,149 | +€22,750 | +57.7% |
| Income taxes | 67/77 | €9,860 | €9,860 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €29,540 | €52,289 | +€22,749 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,540 | €52,289 | +€22,749 | +77.0% |
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 19 October 2026 via checked.be.