M4S Consult: 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.
M4S Consult
Largest movements
- Tangible fixed assets -€26,041
down €26,041 (-5.8%), from €452,092 to €426,051
of which Land and buildings: -€13,308
- Receivables within one year +€9,967
up €9,967 (+2,257%), from €442 to €10,408
- Debts after one year -€17,996
down €17,996 (-7.3%), from €244,844 to €226,849
- Profit (loss) carried forward -€8,482
down €8,482 (-5.9%), from -€144,684 to -€153,166
- Other debts +€6,292
up €6,292 (+2.7%), from €235,018 to €241,309
- Gross operating margin +€53,997
up €53,997, from -€31,434 to €22,564
- Depreciation +€1,101
up €1,101 (+4.4%), from €24,940 to €26,041
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 | €467,385 | €449,361 | -€18,024 | -3.9% |
| Fixed assets | 21/28 | €452,135 | €426,095 | -€26,041 | -5.8% |
| Tangible fixed assets | 22/27 | €452,092 | €426,051 | -€26,041 | -5.8% |
| Land and buildings | 22 | €422,290 | €408,982 | -€13,308 | -3.2% |
| Furniture and vehicles | 24 | €29,802 | €17,069 | -€12,733 | -42.7% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €15,249 | €23,267 | +€8,017 | +52.6% |
| Amounts receivable within one year | 40/41 | €442 | €10,408 | +€9,967 | +2,257% |
| Trade receivables | 40 | €442 | €10,408 | +€9,967 | +2,257% |
| Cash at bank and in hand | 54/58 | €11,933 | €9,926 | -€2,007 | -16.8% |
| Deferred charges and accrued income | 490/1 | €2,875 | €2,932 | +€57 | +2.0% |
| Total equity and liabilities | 10/49 | €467,385 | €449,361 | -€18,024 | -3.9% |
| Equity | 10/15 | -€36,493 | -€44,975 | -€8,482 | -23.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €98,191 | €98,191 | = | 0.0% |
| Distributable reserves | 133 | €98,191 | €98,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,684 | -€153,166 | -€8,482 | -5.9% |
| Amounts payable | 17/49 | €503,878 | €494,336 | -€9,541 | -1.9% |
| Amounts payable after more than one year | 17 | €244,844 | €226,849 | -€17,996 | -7.3% |
| Financial debts | 170/4 | €244,844 | €226,849 | -€17,996 | -7.3% |
| Amounts payable within one year | 42/48 | €259,034 | €267,488 | +€8,454 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €17,715 | €17,996 | +€280 | +1.6% |
| Trade debts | 44 | €3,271 | €2,510 | -€761 | -23.3% |
| Suppliers | 440/4 | €3,271 | €2,510 | -€761 | -23.3% |
| Taxes, remuneration and social security | 45 | €3,030 | €5,673 | +€2,643 | +87.2% |
| Taxes | 450/3 | €2,030 | €4,998 | +€2,968 | +146% |
| Remuneration and social security | 454/9 | €1,000 | €675 | -€325 | -32.5% |
| Other amounts payable | 47/48 | €235,018 | €241,309 | +€6,292 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,940 | €26,041 | +€1,101 | +4.4% |
| Other operating charges | 640/8 | €477 | €585 | +€108 | +22.6% |
| Gross operating margin | 9900 | -€31,434 | €22,564 | +€53,997 | |
| Operating profit (loss) | 9901 | -€56,851 | -€4,062 | +€52,789 | +92.9% |
| Financial income | 75/76B | €57 | €18 | -€39 | -68.9% |
| Recurring financial income | 75 | €57 | €18 | -€39 | -68.9% |
| Financial charges | 65/66B | €4,540 | €4,280 | -€260 | -5.7% |
| Recurring financial charges | 65 | €4,540 | €4,280 | -€260 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€61,334 | -€8,325 | +€53,009 | +86.4% |
| Income taxes | 67/77 | €165 | €158 | -€7 | -4.4% |
| Profit (loss) for the period | 9904 | -€61,499 | -€8,482 | +€53,016 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,499 | -€8,482 | +€53,016 | +86.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.