M2Q: 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.
What changed
M2Q
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€409,484
2024 · €252,780+€156,704
Equity
€2.8m
2024 · €3.9m-€1.1m
Cash
€24,759
2024 · €14,331+€10,428
Balance sheet total
€5.5m
2024 · €5.2m+€312,017
Largest movements
Assets
- Receivables within one year +€330,623
up €330,623 (+6.8%), from €4.9m to €5.2m
of which Other amounts receivable: +€389,066
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+1446.5%), from €98,417 to €1.5m
- Reserves -€1.1m
down €1.1m (-28.5%), from €3.8m to €2.7m
of which Distributable reserves: -€938,956
Income statement
- Purchases and services -€541,894
down €541,894 (-12.1%), from €4.5m to €3.9m
- Turnover -€343,775
down €343,775 (-4.8%), from €7.2m to €6.9m
- Gross operating margin +€270,867
up €270,867 (+9.6%), from €2.8m to €3.1m
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.
Result 2024
€252,780
Gross operating margin
+€270,867
Staff costs
-€21,741
Depreciation
+€182
Write-downs
+€5,131
Other operating charges
+€1,604
Other operating items
-€238
Financial income
-€33,972
Financial charges
-€16,560
Taxes
-€48,570
Result 2025
€409,484
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.
From operations
+€1.5m
Investment
-€8,406
Financing
-€1.5m
Cash 2024
€14,331
From operations (derived)
+€1.5m
Net result for the year
+€409,484
Depreciation
+€21,654
Receivables within one year
-€330,623
Deferred charges and accrued income
+€15,786
Provisions
-€3,178
Trade debts
+€52,345
Tax, wage and social debts
-€53,771
Other debts
+€1.4m
Accrued charges and deferred income
-€16,445
Investment (derived)
-€8,406
Investment in fixed assets (net)
-€8,406
Financing
-€1.5m
Contributions, distributions and other
-€1.5m
Cash 2025
€24,759
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,165,415 | €5,477,432 | +€312,017 | +6.0% |
| Fixed assets | 21/28 | €171,283 | €158,035 | -€13,248 | -7.7% |
| Tangible fixed assets | 22/27 | €46,283 | €33,035 | -€13,248 | -28.6% |
| Plant, machinery and equipment | 23 | €43,743 | €31,288 | -€12,455 | -28.5% |
| Furniture and vehicles | 24 | €2,540 | €1,747 | -€793 | -31.2% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €4,994,132 | €5,319,397 | +€325,265 | +6.5% |
| Amounts receivable within one year | 40/41 | €4,867,123 | €5,197,747 | +€330,623 | +6.8% |
| Trade receivables | 40 | €1,064,249 | €1,005,806 | -€58,443 | -5.5% |
| Other amounts receivable | 41 | €3,802,874 | €4,191,940 | +€389,066 | +10.2% |
| Cash at bank and in hand | 54/58 | €14,331 | €24,759 | +€10,428 | +72.8% |
| Deferred charges and accrued income | 490/1 | €112,678 | €96,891 | -€15,786 | -14.0% |
| Total equity and liabilities | 10/49 | €5,165,415 | €5,477,432 | +€312,017 | +6.0% |
| Equity | 10/15 | €3,891,617 | €2,801,101 | -€1.1m | -28.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,829,333 | €2,738,817 | -€1.1m | -28.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €458,890 | €307,330 | -€151,560 | -33.0% |
| Distributable reserves | 133 | €3,364,243 | €2,425,287 | -€938,956 | -27.9% |
| Profit (loss) carried forward | 14 | €284 | €284 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,118 | €6,940 | -€3,178 | -31.4% |
| Provisions for liabilities and charges | 160/5 | €10,118 | €6,940 | -€3,178 | -31.4% |
| Pensions and similar obligations | 160 | €10,118 | €6,940 | -€3,178 | -31.4% |
| Amounts payable | 17/49 | €1,263,679 | €2,669,390 | +€1.4m | +111.2% |
| Amounts payable within one year | 42/48 | €1,156,278 | €2,578,434 | +€1.4m | +123.0% |
| Trade debts | 44 | €645,527 | €697,872 | +€52,345 | +8.1% |
| Suppliers | 440/4 | €645,527 | €697,872 | +€52,345 | +8.1% |
| Taxes, remuneration and social security | 45 | €412,333 | €358,562 | -€53,771 | -13.0% |
| Taxes | 450/3 | €145,094 | €84,369 | -€60,726 | -41.9% |
| Remuneration and social security | 454/9 | €267,239 | €274,193 | +€6,954 | +2.6% |
| Other amounts payable | 47/48 | €98,417 | €1,522,000 | +€1.4m | +1446.5% |
| Accrued charges and deferred income | 492/3 | €107,401 | €90,956 | -€16,445 | -15.3% |
| Turnover | 70 | €7,225,194 | €6,881,419 | -€343,775 | -4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,477,148 | €3,935,254 | -€541,894 | -12.1% |
| Remuneration, social security and pensions | 62 | €2,467,814 | €2,489,555 | +€21,741 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,836 | €21,654 | -€182 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,953 | -€3,178 | -€5,131 | |
| Other operating charges | 640/8 | €13,619 | €12,015 | -€1,604 | -11.8% |
| Non-recurring operating charges | 66A | - | €238 | +€238 | |
| Gross operating margin | 9900 | €2,830,481 | €3,101,348 | +€270,867 | +9.6% |
| Operating profit (loss) | 9901 | €325,259 | €581,064 | +€255,805 | +78.6% |
| Financial income | 75/76B | €99,974 | €66,002 | -€33,972 | -34.0% |
| Recurring financial income | 75 | €99,974 | €66,002 | -€33,972 | -34.0% |
| Financial charges | 65/66B | €58,488 | €75,048 | +€16,560 | +28.3% |
| Recurring financial charges | 65 | €58,488 | €75,048 | +€16,560 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €366,745 | €572,018 | +€205,274 | +56.0% |
| Income taxes | 67/77 | €113,964 | €162,535 | +€48,570 | +42.6% |
| Profit (loss) for the period | 9904 | €252,780 | €409,484 | +€156,704 | +62.0% |
| Transfer from tax-exempt reserves | 789 | €218,920 | €244,180 | +€25,260 | +11.5% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €92,620 | +€29,470 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €408,550 | €561,044 | +€152,494 | +37.3% |
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 4 October 2026 via checked.be.