M2CONSULT: 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.
M2CONSULT
Largest movements
- Cash -€29,666
down €29,666 (-38.6%), from €76,944 to €47,278
mainly Contributions, distributions and other (-€205,067) and Deferred charges and accrued income (-€1,029)
- Receivables after one year -€19,166
down €19,166 (-39.0%), from €49,166 to €30,000
- Tangible fixed assets -€12,556
down €12,556 (-71.2%), from €17,642 to €5,086
of which Furniture and vehicles: -€11,856
- Current investments -€8,219
down €8,219 (-2.9%), from €279,889 to €271,670
- Reserves -€174,198
down €174,198 (-47.7%), from €365,556 to €191,358
of which Distributable reserves: -€174,198
- Other debts +€100,862
up €100,862 (+148%), from €68,321 to €169,183
- Gross operating margin +€16,548
up €16,548 (+50.4%), from €32,829 to €49,378
- Taxes +€4,874
up €4,874 (+46.5%), from €10,485 to €15,359
- Financial income +€3,572
up €3,572 (+38.3%), from €9,325 to €12,897
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 | €454,337 | €382,180 | -€72,158 | -15.9% |
| Fixed assets | 21/28 | €17,642 | €5,086 | -€12,556 | -71.2% |
| Tangible fixed assets | 22/27 | €17,642 | €5,086 | -€12,556 | -71.2% |
| Furniture and vehicles | 24 | €15,709 | €3,853 | -€11,856 | -75.5% |
| Other tangible fixed assets | 26 | €1,933 | €1,233 | -€700 | -36.2% |
| Current assets | 29/58 | €436,695 | €377,093 | -€59,602 | -13.6% |
| Amounts receivable after more than one year | 29 | €49,166 | €30,000 | -€19,166 | -39.0% |
| Other amounts receivable | 291 | €49,166 | €30,000 | -€19,166 | -39.0% |
| Amounts receivable within one year | 40/41 | €28,945 | €25,364 | -€3,581 | -12.4% |
| Trade receivables | 40 | €28,945 | €25,364 | -€3,581 | -12.4% |
| Current investments | 50/53 | €279,889 | €271,670 | -€8,219 | -2.9% |
| Cash at bank and in hand | 54/58 | €76,944 | €47,278 | -€29,666 | -38.6% |
| Deferred charges and accrued income | 490/1 | €1,751 | €2,781 | +€1,029 | +58.8% |
| Total equity and liabilities | 10/49 | €454,337 | €382,180 | -€72,158 | -15.9% |
| Equity | 10/15 | €371,756 | €197,558 | -€174,198 | -46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €365,556 | €191,358 | -€174,198 | -47.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,720 | €5,720 | = | 0.0% |
| Distributable reserves | 133 | €357,976 | €183,778 | -€174,198 | -48.7% |
| Amounts payable | 17/49 | €82,581 | €184,622 | +€102,041 | +124% |
| Amounts payable within one year | 42/48 | €82,581 | €184,622 | +€102,041 | +124% |
| Trade debts | 44 | €835 | €1,067 | +€233 | +27.9% |
| Suppliers | 440/4 | €835 | €1,067 | +€233 | +27.9% |
| Taxes, remuneration and social security | 45 | €13,426 | €14,372 | +€946 | +7.0% |
| Taxes | 450/3 | €13,426 | €14,372 | +€946 | +7.0% |
| Other amounts payable | 47/48 | €68,321 | €169,183 | +€100,862 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,227 | €12,556 | +€328 | +2.7% |
| Other operating charges | 640/8 | €1,702 | €1,706 | +€4 | +0.2% |
| Gross operating margin | 9900 | €32,829 | €49,378 | +€16,548 | +50.4% |
| Operating profit (loss) | 9901 | €18,900 | €35,116 | +€16,216 | +85.8% |
| Financial income | 75/76B | €9,325 | €12,897 | +€3,572 | +38.3% |
| Recurring financial income | 75 | €9,325 | €12,897 | +€3,572 | +38.3% |
| Financial charges | 65/66B | €1,678 | €1,786 | +€108 | +6.4% |
| Recurring financial charges | 65 | €1,678 | €1,786 | +€108 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €46,227 | +€19,680 | +74.1% |
| Income taxes | 67/77 | €10,485 | €15,359 | +€4,874 | +46.5% |
| Profit (loss) for the period | 9904 | €16,062 | €30,868 | +€14,806 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,062 | €30,868 | +€14,806 | +92.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.