M22 CONSULTING: 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.
M22 CONSULTING
Largest movements
- Receivables after one year -€45,841
down €45,841 (-35.4%), from €129,651 to €83,809
- Receivables within one year +€14,891
up €14,891 (+21.8%), from €68,178 to €83,069
of which Other amounts receivable: +€12,757
- Cash -€6,598
down €6,598 (-12.0%), from €55,051 to €48,454
mainly Contributions, distributions and other (-€66,085) and Receivables within one year (-€14,891)
- Tangible fixed assets -€3,856
down €3,856 (-22.8%), from €16,914 to €13,058
- Reserves -€42,931
down €42,931 (-17.1%), from €250,986 to €208,055
of which Distributable reserves: -€42,931
- Tax, wage and social debts +€2,959
up €2,959 (+54.3%), from €5,453 to €8,412
of which Taxes: +€2,959
- Gross operating margin -€3,640
down €3,640 (-10.1%), from €36,111 to €32,470
- Taxes -€1,005
down €1,005 (-10.1%), from €9,923 to €8,917
- Financial income -€779
down €779 (-15.3%), from €5,102 to €4,323
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 | €270,947 | €229,555 | -€41,392 | -15.3% |
| Fixed assets | 21/28 | €17,214 | €13,358 | -€3,856 | -22.4% |
| Tangible fixed assets | 22/27 | €16,914 | €13,058 | -€3,856 | -22.8% |
| Furniture and vehicles | 24 | €16,914 | €13,058 | -€3,856 | -22.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €253,733 | €216,196 | -€37,536 | -14.8% |
| Amounts receivable after more than one year | 29 | €129,651 | €83,809 | -€45,841 | -35.4% |
| Other amounts receivable | 291 | €129,651 | €83,809 | -€45,841 | -35.4% |
| Amounts receivable within one year | 40/41 | €68,178 | €83,069 | +€14,891 | +21.8% |
| Trade receivables | 40 | €9,954 | €12,088 | +€2,134 | +21.4% |
| Other amounts receivable | 41 | €58,223 | €70,981 | +€12,757 | +21.9% |
| Cash at bank and in hand | 54/58 | €55,051 | €48,454 | -€6,598 | -12.0% |
| Deferred charges and accrued income | 490/1 | €853 | €864 | +€11 | +1.3% |
| Total equity and liabilities | 10/49 | €270,947 | €229,555 | -€41,392 | -15.3% |
| Equity | 10/15 | €263,386 | €220,455 | -€42,931 | -16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €250,986 | €208,055 | -€42,931 | -17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €249,126 | €206,195 | -€42,931 | -17.2% |
| Amounts payable | 17/49 | €7,561 | €9,100 | +€1,539 | +20.3% |
| Amounts payable within one year | 42/48 | €7,561 | €9,100 | +€1,539 | +20.3% |
| Trade debts | 44 | €2,108 | €688 | -€1,420 | -67.4% |
| Suppliers | 440/4 | €2,108 | €688 | -€1,420 | -67.4% |
| Taxes, remuneration and social security | 45 | €5,453 | €8,412 | +€2,959 | +54.3% |
| Taxes | 450/3 | €5,453 | €8,412 | +€2,959 | +54.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | €3,856 | -€350 | -8.3% |
| Other operating charges | 640/8 | €995 | €768 | -€227 | -22.8% |
| Gross operating margin | 9900 | €36,111 | €32,470 | -€3,640 | -10.1% |
| Operating profit (loss) | 9901 | €30,910 | €27,846 | -€3,064 | -9.9% |
| Financial income | 75/76B | €5,102 | €4,323 | -€779 | -15.3% |
| Recurring financial income | 75 | €5,102 | €4,323 | -€779 | -15.3% |
| Financial charges | 65/66B | €158 | €97 | -€61 | -38.5% |
| Recurring financial charges | 65 | €158 | €97 | -€61 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €35,853 | €32,071 | -€3,782 | -10.5% |
| Income taxes | 67/77 | €9,923 | €8,917 | -€1,005 | -10.1% |
| Profit (loss) for the period | 9904 | €25,931 | €23,154 | -€2,776 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,931 | €23,154 | -€2,776 | -10.7% |
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 23 October 2026 via checked.be.