M2S 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.
M2S CONSULTING
Largest movements
- Receivables within one year +€63,188
up €63,188 (+284.0%), from €22,246 to €85,434
of which Trade receivables: +€63,188
- Cash -€15,392
down €15,392 (-22.5%), from €68,379 to €52,987
mainly Contributions, distributions and other (-€65,727) and Receivables within one year (-€63,188)
- Deferred charges and accrued income -€2,042
no longer reported in 2025 (was €2,042)
- Other debts +€49,228
up €49,228 (+98.4%), from €50,004 to €99,231
- Profit (loss) carried forward -€41,494
no longer reported in 2025 (was €41,494)
- Tax, wage and social debts +€23,035
up €23,035 (+126.4%), from €18,225 to €41,260
of which Taxes: +€15,101
- Advances received +€13,334
new in 2025: €13,334
- Trade debts +€1,660
up €1,660 (+22.0%), from €7,547 to €9,207
- Gross operating margin +€104,702
up €104,702 (+404.7%), from €25,871 to €130,573
- Staff costs +€82,844
new in 2025: €82,844
- Taxes +€7,581
up €7,581 (+125.5%), from €6,039 to €13,619
- Financial charges +€2,084
up €2,084 (+806.4%), from €258 to €2,342
- Other operating charges +€1,447
up €1,447 (+118.7%), from €1,219 to €2,666
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 | €119,769 | €165,532 | +€45,763 | +38.2% |
| Fixed assets | 21/28 | €27,103 | €27,111 | +€8 | 0.0% |
| Tangible fixed assets | 22/27 | €26,740 | €26,748 | +€8 | 0.0% |
| Plant, machinery and equipment | 23 | €1,321 | €2,086 | +€764 | +57.8% |
| Furniture and vehicles | 24 | €2,351 | €2,762 | +€410 | +17.5% |
| Other tangible fixed assets | 26 | €23,067 | €21,901 | -€1,167 | -5.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €92,666 | €138,421 | +€45,755 | +49.4% |
| Amounts receivable within one year | 40/41 | €22,246 | €85,434 | +€63,188 | +284.0% |
| Trade receivables | 40 | €18,279 | €81,467 | +€63,188 | +345.7% |
| Other amounts receivable | 41 | €3,967 | €3,967 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €68,379 | €52,987 | -€15,392 | -22.5% |
| Deferred charges and accrued income | 490/1 | €2,042 | - | -€2,042 | |
| Total equity and liabilities | 10/49 | €119,769 | €165,532 | +€45,763 | +38.2% |
| Equity | 10/15 | €43,994 | €2,500 | -€41,494 | -94.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,494 | - | -€41,494 | |
| Amounts payable | 17/49 | €75,776 | €163,032 | +€87,256 | +115.2% |
| Amounts payable within one year | 42/48 | €75,776 | €163,032 | +€87,256 | +115.2% |
| Trade debts | 44 | €7,547 | €9,207 | +€1,660 | +22.0% |
| Suppliers | 440/4 | €7,547 | €9,207 | +€1,660 | +22.0% |
| Advances received on contracts in progress | 46 | - | €13,334 | +€13,334 | |
| Taxes, remuneration and social security | 45 | €18,225 | €41,260 | +€23,035 | +126.4% |
| Taxes | 450/3 | €18,225 | €33,326 | +€15,101 | +82.9% |
| Remuneration and social security | 454/9 | - | €7,934 | +€7,934 | |
| Other amounts payable | 47/48 | €50,004 | €99,231 | +€49,228 | +98.4% |
| Non-recurring operating income | 76A | - | €3,684 | +€3,684 | |
| Remuneration, social security and pensions | 62 | - | €82,844 | +€82,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,377 | €4,874 | +€496 | +11.3% |
| Other operating charges | 640/8 | €1,219 | €2,666 | +€1,447 | +118.7% |
| Gross operating margin | 9900 | €25,871 | €130,573 | +€104,702 | +404.7% |
| Operating profit (loss) | 9901 | €20,275 | €40,190 | +€19,915 | +98.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +4160.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +4160.0% |
| Financial charges | 65/66B | €258 | €2,342 | +€2,084 | +806.4% |
| Recurring financial charges | 65 | €258 | €2,342 | +€2,084 | +806.4% |
| Profit (loss) for the period before taxes | 9903 | €20,017 | €37,852 | +€17,835 | +89.1% |
| Income taxes | 67/77 | €6,039 | €13,619 | +€7,581 | +125.5% |
| Profit (loss) for the period | 9904 | €13,978 | €24,233 | +€10,255 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | €24,233 | +€10,255 | +73.4% |
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 11 October 2026 via checked.be.