M2 Consultancy: what changed
Two fiscal 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.
M2 Consultancy
Largest movements
- Receivables within one year +€20,024
up €20,024 (+8919.8%), from €224 to €20,248
of which Trade receivables: +€20,248
- Tangible fixed assets -€3,738
down €3,738 (-38.2%), from €9,799 to €6,060
of which Furniture and vehicles: -€3,508
- Debts after one year -€80,000
down €80,000 (-43.7%), from €183,150 to €103,150
- Reserves +€39,298
up €39,298 (+93.0%), from €42,258 to €81,556
- Other debts +€31,640
up €31,640 (+667.4%), from €4,741 to €36,381
- Trade debts +€20,513
up €20,513 (+3785.1%), from €542 to €21,055
- Tax, wage and social debts +€9,765
up €9,765 (+126.2%), from €7,740 to €17,505
- Gross operating margin +€27,247
up €27,247 (+64.6%), from €42,166 to €69,413
- Taxes +€13,589
up €13,589 (+187.8%), from €7,237 to €20,826
- Depreciation -€2,761
down €2,761 (-31.1%), from €8,869 to €6,107
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.
Cash bridge derived
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 | €261,553 | €278,247 | +€16,694 | +6.4% |
| Fixed assets | 21/28 | €260,085 | €256,346 | -€3,738 | -1.4% |
| Tangible fixed assets | 22/27 | €9,799 | €6,060 | -€3,738 | -38.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,555 | €4,046 | -€3,508 | -46.4% |
| Other tangible fixed assets | 26 | €2,244 | €2,014 | -€230 | -10.2% |
| Financial fixed assets | 28 | €250,286 | €250,286 | = | 0.0% |
| Current assets | 29/58 | €1,469 | €21,901 | +€20,432 | +1390.9% |
| Amounts receivable within one year | 40/41 | €224 | €20,248 | +€20,024 | +8919.8% |
| Trade receivables | 40 | - | €20,248 | +€20,248 | |
| Other amounts receivable | 41 | €224 | €0 | -€224 | -100.0% |
| Cash at bank and in hand | 54/58 | €928 | €1,145 | +€217 | +23.4% |
| Deferred charges and accrued income | 490/1 | €316 | €508 | +€191 | +60.5% |
| Total equity and liabilities | 10/49 | €261,553 | €278,247 | +€16,694 | +6.4% |
| Equity | 10/15 | €60,858 | €100,156 | +€39,298 | +64.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,258 | €81,556 | +€39,298 | +93.0% |
| Distributable reserves | 133 | €42,258 | €81,556 | +€39,298 | +93.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €200,696 | €178,091 | -€22,605 | -11.3% |
| Amounts payable after more than one year | 17 | €183,150 | €103,150 | -€80,000 | -43.7% |
| Other amounts payable | 178/9 | €183,150 | €103,150 | -€80,000 | -43.7% |
| Amounts payable within one year | 42/48 | €17,546 | €74,941 | +€57,395 | +327.1% |
| Current portion of amounts payable after more than one year | 42 | €4,523 | €0 | -€4,523 | -100.0% |
| Trade debts | 44 | €542 | €21,055 | +€20,513 | +3785.1% |
| Suppliers | 440/4 | €542 | €21,055 | +€20,513 | +3785.1% |
| Taxes, remuneration and social security | 45 | €7,740 | €17,505 | +€9,765 | +126.2% |
| Taxes | 450/3 | €7,740 | €17,505 | +€9,765 | +126.2% |
| Other amounts payable | 47/48 | €4,741 | €36,381 | +€31,640 | +667.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,869 | €6,107 | -€2,761 | -31.1% |
| Other operating charges | 640/8 | €1,353 | €1,382 | +€29 | +2.2% |
| Gross operating margin | 9900 | €42,166 | €69,413 | +€27,247 | +64.6% |
| Operating profit (loss) | 9901 | €31,944 | €61,923 | +€29,979 | +93.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €681 | €199 | -€482 | -70.8% |
| Recurring financial charges | 65 | €681 | €199 | -€482 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €31,264 | €61,724 | +€30,461 | +97.4% |
| Income taxes | 67/77 | €7,237 | €20,826 | +€13,589 | +187.8% |
| Profit (loss) for the period | 9904 | €24,027 | €40,898 | +€16,872 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,027 | €40,898 | +€16,872 | +70.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.