M.S.T. 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.S.T. CONSULT
Largest movements
- Receivables after one year +€463
up €463 (+1.3%), from €35,137 to €35,600
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€278
down €278 (-17.8%), from €1,562 to €1,283
- Gross operating margin -€20
down €20 (-4.7%), from -€427 to -€447
- Other operating charges +€14
up €14 (+2.8%), from €513 to €528
- Financial charges -€9
down €9 (-20.0%), from €45 to €36
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 | €37,682 | €37,954 | +€272 | +0.7% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €36,682 | €36,954 | +€272 | +0.7% |
| Amounts receivable after more than one year | 29 | €35,137 | €35,600 | +€463 | +1.3% |
| Other amounts receivable | 291 | €35,137 | €35,600 | +€463 | +1.3% |
| Amounts receivable within one year | 40/41 | €76 | €76 | = | 0.0% |
| Trade receivables | 40 | €64 | €64 | = | 0.0% |
| Other amounts receivable | 41 | €13 | €13 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €772 | €762 | -€10 | -1.3% |
| Deferred charges and accrued income | 490/1 | €697 | €516 | -€181 | -26.0% |
| Total equity and liabilities | 10/49 | €37,682 | €37,954 | +€272 | +0.7% |
| Equity | 10/15 | €36,682 | €36,954 | +€272 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,667 | €17,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,667 | €1,667 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,667 | €1,667 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415 | €687 | +€272 | +65.6% |
| Amounts payable | 17/49 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€427 | -€447 | -€20 | -4.7% |
| Operating profit (loss) | 9901 | -€940 | -€975 | -€34 | -3.7% |
| Financial income | 75/76B | €1,562 | €1,283 | -€278 | -17.8% |
| Recurring financial income | 75 | €1,562 | €1,283 | -€278 | -17.8% |
| Financial charges | 65/66B | €45 | €36 | -€9 | -20.0% |
| Recurring financial charges | 65 | €45 | €36 | -€9 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €576 | €273 | -€304 | -52.7% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +255% |
| Profit (loss) for the period | 9904 | €576 | €272 | -€304 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €576 | €272 | -€304 | -52.7% |
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 27 October 2026 via checked.be.