MaD 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.
MaD Consulting
Largest movements
- Current investments +€30,047
up €30,047 (+109%), from €27,573 to €57,620
- Cash +€26,369
up €26,369 (+64.9%), from €40,608 to €66,976
mainly Net result for the year (+€76,056) and Tax, wage and social debts (+€21,363)
- Tangible fixed assets +€15,459
up €15,459 (+2,932%), from €527 to €15,986
- Receivables within one year -€15,444
down €15,444 (-50.4%), from €30,658 to €15,214
of which Other amounts receivable: -€15,456
- Profit (loss) carried forward +€61,782
up €61,782 (+433%), from €14,275 to €76,056
- Reserves -€26,606
no longer reported in 2025 (was €26,606)
- Tax, wage and social debts +€21,363
up €21,363 (+115%), from €18,591 to €39,953
- Gross operating margin +€69,090
up €69,090 (+199%), from €34,738 to €103,828
- Taxes +€15,947
up €15,947 (+277%), from €5,756 to €21,703
- Depreciation +€4,653
up €4,653 (+2,059%), from €226 to €4,879
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 | €99,529 | €155,797 | +€56,268 | +56.5% |
| Fixed assets | 21/28 | €527 | €15,986 | +€15,459 | +2,932% |
| Tangible fixed assets | 22/27 | €527 | €15,986 | +€15,459 | +2,932% |
| Furniture and vehicles | 24 | €527 | €15,986 | +€15,459 | +2,932% |
| Current assets | 29/58 | €99,002 | €139,811 | +€40,809 | +41.2% |
| Amounts receivable within one year | 40/41 | €30,658 | €15,214 | -€15,444 | -50.4% |
| Trade receivables | 40 | €15,202 | €15,214 | +€12 | +0.1% |
| Other amounts receivable | 41 | €15,456 | - | -€15,456 | |
| Current investments | 50/53 | €27,573 | €57,620 | +€30,047 | +109% |
| Cash at bank and in hand | 54/58 | €40,608 | €66,976 | +€26,369 | +64.9% |
| Deferred charges and accrued income | 490/1 | €163 | - | -€163 | |
| Total equity and liabilities | 10/49 | €99,529 | €155,797 | +€56,268 | +56.5% |
| Equity | 10/15 | €59,480 | €94,656 | +€35,176 | +59.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,606 | - | -€26,606 | |
| Distributable reserves | 133 | €26,606 | - | -€26,606 | |
| Profit (loss) carried forward | 14 | €14,275 | €76,056 | +€61,782 | +433% |
| Amounts payable | 17/49 | €40,049 | €61,141 | +€21,092 | +52.7% |
| Amounts payable within one year | 42/48 | €39,858 | €61,141 | +€21,282 | +53.4% |
| Trade debts | 44 | €267 | €1,400 | +€1,133 | +424% |
| Suppliers | 440/4 | €267 | €1,400 | +€1,133 | +424% |
| Taxes, remuneration and social security | 45 | €18,591 | €39,953 | +€21,363 | +115% |
| Taxes | 450/3 | €18,591 | €39,953 | +€21,363 | +115% |
| Other amounts payable | 47/48 | €21,000 | €19,787 | -€1,213 | -5.8% |
| Accrued charges and deferred income | 492/3 | €190 | - | -€190 | |
| Non-recurring operating income | 76A | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €4,879 | +€4,653 | +2,059% |
| Other operating charges | 640/8 | €874 | €1,112 | +€237 | +27.2% |
| Gross operating margin | 9900 | €34,738 | €103,828 | +€69,090 | +199% |
| Operating profit (loss) | 9901 | €33,638 | €97,837 | +€64,199 | +191% |
| Financial income | 75/76B | €858 | €78 | -€780 | -90.9% |
| Recurring financial income | 75 | €858 | €78 | -€780 | -90.9% |
| Financial charges | 65/66B | €101 | €156 | +€55 | +54.6% |
| Recurring financial charges | 65 | €101 | €156 | +€55 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €34,395 | €97,759 | +€63,364 | +184% |
| Income taxes | 67/77 | €5,756 | €21,703 | +€15,947 | +277% |
| Profit (loss) for the period | 9904 | €28,640 | €76,056 | +€47,417 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €28,640 | €76,056 | +€47,417 | +166% |
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 18 October 2026 via checked.be.