M.Z CONSULTING: what changed
M.Z CONSULTING
Largest movements
- Cash +€37,721
up €37,721 (+25.4%), from €148,350 to €186,071
mainly Other debts (+€186,911) and Net result for the year (+€48,189)
- Tangible fixed assets -€8,567
down €8,567 (-25.5%), from €33,615 to €25,048
of which Furniture and vehicles: -€9,703
- Other debts +€186,911
up €186,911 (+1,772%), from €10,546 to €197,457
- Profit (loss) carried forward -€144,612
no longer reported in 2025 (was €144,612)
- Tax, wage and social debts -€12,855
down €12,855 (-35.1%), from €36,637 to €23,782
- Gross operating margin -€13,127
down €13,127 (-15.3%), from €85,952 to €72,825
- Depreciation +€4,545
up €4,545 (+87.5%), from €5,196 to €9,741
- Taxes -€2,290
down €2,290 (-13.4%), from €17,060 to €14,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,035 | €222,513 | +€28,478 | +14.7% |
| Fixed assets | 21/28 | €33,615 | €25,048 | -€8,567 | -25.5% |
| Tangible fixed assets | 22/27 | €33,615 | €25,048 | -€8,567 | -25.5% |
| Plant, machinery and equipment | 23 | - | €1,136 | +€1,136 | |
| Furniture and vehicles | 24 | €33,615 | €23,912 | -€9,703 | -28.9% |
| Current assets | 29/58 | €160,420 | €197,465 | +€37,045 | +23.1% |
| Amounts receivable within one year | 40/41 | €12,070 | €11,394 | -€676 | -5.6% |
| Trade receivables | 40 | €12,070 | €10,164 | -€1,906 | -15.8% |
| Other amounts receivable | 41 | - | €1,230 | +€1,230 | |
| Cash at bank and in hand | 54/58 | €148,350 | €186,071 | +€37,721 | +25.4% |
| Total equity and liabilities | 10/49 | €194,035 | €222,513 | +€28,478 | +14.7% |
| Equity | 10/15 | €144,712 | €100 | -€144,612 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,612 | - | -€144,612 | |
| Amounts payable | 17/49 | €49,323 | €222,413 | +€173,090 | +351% |
| Amounts payable within one year | 42/48 | €49,323 | €222,413 | +€173,090 | +351% |
| Trade debts | 44 | €2,140 | €1,174 | -€966 | -45.1% |
| Suppliers | 440/4 | €2,140 | €1,174 | -€966 | -45.1% |
| Taxes, remuneration and social security | 45 | €36,637 | €23,782 | -€12,855 | -35.1% |
| Taxes | 450/3 | €36,637 | €23,782 | -€12,855 | -35.1% |
| Other amounts payable | 47/48 | €10,546 | €197,457 | +€186,911 | +1,772% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €9,741 | +€4,545 | +87.5% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €85,952 | €72,825 | -€13,127 | -15.3% |
| Operating profit (loss) | 9901 | €80,638 | €63,084 | -€17,554 | -21.8% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €80,513 | €62,959 | -€17,554 | -21.8% |
| Income taxes | 67/77 | €17,060 | €14,770 | -€2,290 | -13.4% |
| Profit (loss) for the period | 9904 | €63,453 | €48,189 | -€15,264 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,453 | €48,189 | -€15,264 | -24.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.