M.R. Consulting: what changed
What changed
M.R. Consulting
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€89,257
2025 · €80,433+€8,824
Equity
€216,027
2025 · €186,770+€29,257
Cash
€25,429
2025 · €27,581-€2,152
Balance sheet total
€506,625
2025 · €471,565+€35,060
Largest movements
Assets
- Current investments +€18,482
up €18,482 (+31.3%), from €58,981 to €77,463
- Receivables within one year +€12,693
up €12,693 (+592%), from €2,143 to €14,836
of which Trade receivables: +€13,616
- Tangible fixed assets +€7,263
up €7,263 (+1.9%), from €372,631 to €379,893
of which Furniture and vehicles: +€15,799
Equity and liabilities
- Other debts +€34,769
up €34,769 (+156%), from €22,271 to €57,040
- Reserves +€29,257
up €29,257 (+16.2%), from €180,270 to €209,527
- Debts after one year -€22,147
down €22,147 (-9.9%), from €223,463 to €201,316
- Tax, wage and social debts -€9,710
down €9,710 (-63.4%), from €15,315 to €5,606
Income statement
- Gross operating margin +€13,357
up €13,357 (+10.6%), from €125,756 to €139,112
- Depreciation +€10,941
up €10,941 (+200%), from €5,469 to €16,410
- Other operating charges -€8,375
down €8,375 (-87.5%), from €9,575 to €1,201
- Financial charges +€4,468
up €4,468 (+79.8%), from €5,597 to €10,065
- Staff costs -€4,280
no longer reported in 2026 (was €4,280)
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€80,433
Gross operating margin
+€13,357
Staff costs
+€4,280
Depreciation
-€10,941
Other operating charges
+€8,375
Other operating items
-€270
Financial income
+€664
Financial charges
-€4,468
Taxes
-€2,173
Result 2026
€89,257
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€121,540
Investment
-€42,155
Financing
-€81,537
Cash 2025
€27,581
From operations (derived)
+€121,540
Net result for the year
+€89,257
Depreciation
+€16,410
Receivables within one year
-€12,693
Deferred charges and accrued income
+€1,226
Trade debts
+€414
Tax, wage and social debts
-€9,710
Other debts
+€34,769
Accrued charges and deferred income
+€1,867
Investment (derived)
-€42,155
Investment in fixed assets (net)
-€23,673
Current investments
-€18,482
Financing
-€81,537
Debts after one year
-€22,147
Current portion of long-term debt
+€610
Contributions, distributions and other
-€60,000
Cash 2026
€25,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,565 | €506,625 | +€35,060 | +7.4% |
| Fixed assets | 21/28 | €372,631 | €379,893 | +€7,263 | +1.9% |
| Tangible fixed assets | 22/27 | €372,631 | €379,893 | +€7,263 | +1.9% |
| Land and buildings | 22 | €363,173 | €351,407 | -€11,766 | -3.2% |
| Plant, machinery and equipment | 23 | - | €3,230 | +€3,230 | |
| Furniture and vehicles | 24 | €9,458 | €25,257 | +€15,799 | +167% |
| Current assets | 29/58 | €98,934 | €126,732 | +€27,797 | +28.1% |
| Amounts receivable within one year | 40/41 | €2,143 | €14,836 | +€12,693 | +592% |
| Trade receivables | 40 | €0 | €13,616 | +€13,616 | |
| Other amounts receivable | 41 | €2,143 | €1,221 | -€923 | -43.0% |
| Current investments | 50/53 | €58,981 | €77,463 | +€18,482 | +31.3% |
| Cash at bank and in hand | 54/58 | €27,581 | €25,429 | -€2,152 | -7.8% |
| Deferred charges and accrued income | 490/1 | €10,229 | €9,004 | -€1,226 | -12.0% |
| Total equity and liabilities | 10/49 | €471,565 | €506,625 | +€35,060 | +7.4% |
| Equity | 10/15 | €186,770 | €216,027 | +€29,257 | +15.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €180,270 | €209,527 | +€29,257 | +16.2% |
| Distributable reserves | 133 | €180,270 | €209,527 | +€29,257 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €284,795 | €290,598 | +€5,803 | +2.0% |
| Amounts payable after more than one year | 17 | €223,463 | €201,316 | -€22,147 | -9.9% |
| Financial debts | 170/4 | €223,463 | €201,316 | -€22,147 | -9.9% |
| Amounts payable within one year | 42/48 | €61,332 | €87,416 | +€26,083 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €21,537 | €22,147 | +€610 | +2.8% |
| Trade debts | 44 | €2,209 | €2,623 | +€414 | +18.7% |
| Suppliers | 440/4 | €2,209 | €2,623 | +€414 | +18.7% |
| Taxes, remuneration and social security | 45 | €15,315 | €5,606 | -€9,710 | -63.4% |
| Taxes | 450/3 | €15,315 | €5,606 | -€9,710 | -63.4% |
| Other amounts payable | 47/48 | €22,271 | €57,040 | +€34,769 | +156% |
| Accrued charges and deferred income | 492/3 | - | €1,867 | +€1,867 | |
| Non-recurring operating income | 76A | €0 | €8,755 | +€8,755 | |
| Remuneration, social security and pensions | 62 | €4,280 | - | -€4,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,469 | €16,410 | +€10,941 | +200% |
| Other operating charges | 640/8 | €9,575 | €1,201 | -€8,375 | -87.5% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €125,756 | €139,112 | +€13,357 | +10.6% |
| Operating profit (loss) | 9901 | €106,431 | €121,231 | +€14,800 | +13.9% |
| Financial income | 75/76B | €2,008 | €2,672 | +€664 | +33.1% |
| Recurring financial income | 75 | €2,008 | €2,672 | +€664 | +33.1% |
| Financial charges | 65/66B | €5,597 | €10,065 | +€4,468 | +79.8% |
| Recurring financial charges | 65 | €5,597 | €10,065 | +€4,468 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €102,841 | €113,838 | +€10,997 | +10.7% |
| Income taxes | 67/77 | €22,408 | €24,581 | +€2,173 | +9.7% |
| Profit (loss) for the period | 9904 | €80,433 | €89,257 | +€8,824 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,433 | €89,257 | +€8,824 | +11.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.