M & 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 & T CONSULT
Largest movements
- Receivables within one year +€4,272
up €4,272 (+6.0%), from €70,667 to €74,939
of which Trade receivables: +€5,849
- Reserves +€32,900
up €32,900 (+13.0%), from €253,680 to €286,580
of which Distributable reserves: +€32,900
- Other debts -€19,685
down €19,685 (-88.9%), from €22,136 to €2,451
- Tax, wage and social debts -€14,539
down €14,539 (-26.6%), from €54,657 to €40,118
- Gross operating margin +€7,909
up €7,909 (+15.7%), from €50,473 to €58,382
- Write-downs +€4,895
new in 2025: €4,895
- Taxes +€791
up €791 (+4.8%), from €16,497 to €17,288
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 | €350,493 | €348,829 | -€1,664 | -0.5% |
| Fixed assets | 21/28 | €5,497 | €2,952 | -€2,545 | -46.3% |
| Tangible fixed assets | 22/27 | €5,497 | €2,952 | -€2,545 | -46.3% |
| Furniture and vehicles | 24 | €5,497 | €2,952 | -€2,545 | -46.3% |
| Current assets | 29/58 | €344,996 | €345,876 | +€881 | +0.3% |
| Amounts receivable within one year | 40/41 | €70,667 | €74,939 | +€4,272 | +6.0% |
| Trade receivables | 40 | €69,059 | €74,908 | +€5,849 | +8.5% |
| Other amounts receivable | 41 | €1,608 | €30 | -€1,578 | -98.1% |
| Cash at bank and in hand | 54/58 | €274,329 | €270,938 | -€3,391 | -1.2% |
| Total equity and liabilities | 10/49 | €350,493 | €348,829 | -€1,664 | -0.5% |
| Equity | 10/15 | €272,976 | €305,936 | +€32,961 | +12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €253,680 | €286,580 | +€32,900 | +13.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,320 | €5,320 | = | 0.0% |
| Distributable reserves | 133 | €246,500 | €279,400 | +€32,900 | +13.3% |
| Profit (loss) carried forward | 14 | €704 | €765 | +€61 | +8.6% |
| Amounts payable | 17/49 | €77,517 | €42,892 | -€34,625 | -44.7% |
| Amounts payable within one year | 42/48 | €77,517 | €42,892 | -€34,625 | -44.7% |
| Trade debts | 44 | €724 | €324 | -€400 | -55.3% |
| Suppliers | 440/4 | €724 | €324 | -€400 | -55.3% |
| Taxes, remuneration and social security | 45 | €54,657 | €40,118 | -€14,539 | -26.6% |
| Taxes | 450/3 | €54,657 | €40,118 | -€14,539 | -26.6% |
| Other amounts payable | 47/48 | €22,136 | €2,451 | -€19,685 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,975 | €2,545 | +€569 | +28.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,895 | +€4,895 | |
| Other operating charges | 640/8 | €705 | €520 | -€186 | -26.3% |
| Gross operating margin | 9900 | €50,473 | €58,382 | +€7,909 | +15.7% |
| Operating profit (loss) | 9901 | €47,792 | €50,423 | +€2,631 | +5.5% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €324 | €194 | -€130 | -40.1% |
| Recurring financial charges | 65 | €324 | €194 | -€130 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €47,468 | €50,249 | +€2,781 | +5.9% |
| Income taxes | 67/77 | €16,497 | €17,288 | +€791 | +4.8% |
| Profit (loss) for the period | 9904 | €30,971 | €32,961 | +€1,989 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,971 | €32,961 | +€1,989 | +6.4% |
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.