M5A 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.
M5A CONSULT
Largest movements
- Current investments -€510,000
no longer reported in 2025 (was €510,000)
- Cash +€451,716
up €451,716 (+507.7%), from €88,973 to €540,690
mainly Current investments (+€510,000) and Other debts (+€47,002)
- Receivables after one year +€10,114
up €10,114 (+45.3%), from €22,330 to €32,444
- Tangible fixed assets -€7,901
down €7,901 (-35.2%), from €22,451 to €14,550
of which Furniture and vehicles: -€7,789
- Receivables within one year +€7,664
up €7,664 (+4494.8%), from €171 to €7,834
- Reserves -€97,370
down €97,370 (-25.2%), from €386,698 to €289,329
of which Distributable reserves: -€97,370
- Other debts +€47,002
up €47,002 (+91.2%), from €51,559 to €98,561
- Taxes +€2,464
up €2,464 (+251.9%), from €978 to €3,442
- Depreciation -€1,440
down €1,440 (-15.4%), from €9,341 to €7,901
- Financial income -€707
down €707 (-5.9%), from €12,062 to €11,354
- Other operating charges -€523
down €523 (-54.0%), from €968 to €445
- Gross operating margin +€291
up €291 (+10.0%), from €2,906 to €3,197
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 | €646,617 | €598,466 | -€48,151 | -7.4% |
| Fixed assets | 21/28 | €22,451 | €14,550 | -€7,901 | -35.2% |
| Tangible fixed assets | 22/27 | €22,451 | €14,550 | -€7,901 | -35.2% |
| Furniture and vehicles | 24 | €8,135 | €346 | -€7,789 | -95.7% |
| Other tangible fixed assets | 26 | €14,316 | €14,204 | -€112 | -0.8% |
| Current assets | 29/58 | €624,166 | €583,916 | -€40,250 | -6.4% |
| Amounts receivable after more than one year | 29 | €22,330 | €32,444 | +€10,114 | +45.3% |
| Other amounts receivable | 291 | €22,330 | €32,444 | +€10,114 | +45.3% |
| Amounts receivable within one year | 40/41 | €171 | €7,834 | +€7,664 | +4494.8% |
| Trade receivables | 40 | €171 | €7,834 | +€7,664 | +4494.8% |
| Current investments | 50/53 | €510,000 | - | -€510,000 | |
| Cash at bank and in hand | 54/58 | €88,973 | €540,690 | +€451,716 | +507.7% |
| Deferred charges and accrued income | 490/1 | €2,692 | €2,948 | +€256 | +9.5% |
| Total equity and liabilities | 10/49 | €646,617 | €598,466 | -€48,151 | -7.4% |
| Equity | 10/15 | €590,818 | €496,081 | -€94,737 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €386,698 | €289,329 | -€97,370 | -25.2% |
| 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 | €384,838 | €287,469 | -€97,370 | -25.3% |
| Profit (loss) carried forward | 14 | €197,919 | €200,552 | +€2,633 | +1.3% |
| Amounts payable | 17/49 | €55,799 | €102,385 | +€46,586 | +83.5% |
| Amounts payable within one year | 42/48 | €55,799 | €102,385 | +€46,586 | +83.5% |
| Trade debts | 44 | €1,333 | €1,339 | +€6 | +0.5% |
| Suppliers | 440/4 | €1,333 | €1,339 | +€6 | +0.5% |
| Taxes, remuneration and social security | 45 | €2,907 | €2,485 | -€422 | -14.5% |
| Taxes | 450/3 | €2,907 | €2,485 | -€422 | -14.5% |
| Other amounts payable | 47/48 | €51,559 | €98,561 | +€47,002 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,341 | €7,901 | -€1,440 | -15.4% |
| Other operating charges | 640/8 | €968 | €445 | -€523 | -54.0% |
| Gross operating margin | 9900 | €2,906 | €3,197 | +€291 | +10.0% |
| Operating profit (loss) | 9901 | -€7,402 | -€5,149 | +€2,254 | +30.4% |
| Financial income | 75/76B | €12,062 | €11,354 | -€707 | -5.9% |
| Recurring financial income | 75 | €12,062 | €11,354 | -€707 | -5.9% |
| Financial charges | 65/66B | €122 | €131 | +€9 | +7.5% |
| Recurring financial charges | 65 | €122 | €131 | +€9 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €4,537 | €6,075 | +€1,537 | +33.9% |
| Income taxes | 67/77 | €978 | €3,442 | +€2,464 | +251.9% |
| Profit (loss) for the period | 9904 | €3,559 | €2,633 | -€927 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,559 | €2,633 | -€927 | -26.0% |
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 10 October 2026 via checked.be.