Maendeleo Consulting: what changed
What changed
Maendeleo Consulting
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€93,034
2024 · €100,671-€7,637
Equity
€237,868
2024 · €144,833+€93,034
Cash
€214,311
2024 · €114,683+€99,627
Balance sheet total
€551,781
2024 · €474,103+€77,678
Largest movements
Assets
- Cash +€99,627
up €99,627 (+86.9%), from €114,683 to €214,311
mainly Net result for the year (+€93,034) and Receivables within one year (+€35,544)
- Receivables within one year -€35,544
down €35,544 (-70.3%), from €50,567 to €15,023
of which Trade receivables: -€37,067
- Tangible fixed assets +€7,681
up €7,681 (+2.5%), from €306,283 to €313,965
of which Other tangible fixed assets: +€10,660
Equity and liabilities
- Profit (loss) carried forward +€93,034
up €93,034 (+65.6%), from €141,833 to €234,868
- Debts after one year -€10,696
down €10,696 (-3.9%), from €274,865 to €264,169
Income statement
- Gross operating margin -€9,509
down €9,509 (-6.2%), from €152,872 to €143,362
- Taxes -€2,238
down €2,238 (-7.7%), from €29,196 to €26,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,671
Gross operating margin
-€9,509
Depreciation
-€838
Other operating charges
-€839
Financial income
+€330
Financial charges
+€981
Taxes
+€2,238
Result 2025
€93,034
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€127,813
Investment
-€17,903
Financing
-€10,282
Cash 2024
€114,683
From operations (derived)
+€127,813
Net result for the year
+€93,034
Depreciation
+€10,222
Stocks and contracts
-€5,000
Receivables within one year
+€35,544
Deferred charges and accrued income
-€913
Trade debts
+€3,989
Tax, wage and social debts
-€5,100
Other debts
-€3,707
Accrued charges and deferred income
-€257
Investment (derived)
-€17,903
Investment in fixed assets (net)
-€17,903
Financing
-€10,282
Debts after one year
-€10,696
Current portion of long-term debt
+€414
Cash 2025
€214,311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,103 | €551,781 | +€77,678 | +16.4% |
| Fixed assets | 21/28 | €306,283 | €313,965 | +€7,681 | +2.5% |
| Tangible fixed assets | 22/27 | €306,283 | €313,965 | +€7,681 | +2.5% |
| Land and buildings | 22 | €304,947 | €302,274 | -€2,673 | -0.9% |
| Furniture and vehicles | 24 | €1,336 | €1,030 | -€306 | -22.9% |
| Other tangible fixed assets | 26 | - | €10,660 | +€10,660 | |
| Current assets | 29/58 | €167,819 | €237,816 | +€69,996 | +41.7% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €50,567 | €15,023 | -€35,544 | -70.3% |
| Trade receivables | 40 | €50,567 | €13,500 | -€37,067 | -73.3% |
| Other amounts receivable | 41 | - | €1,523 | +€1,523 | |
| Cash at bank and in hand | 54/58 | €114,683 | €214,311 | +€99,627 | +86.9% |
| Deferred charges and accrued income | 490/1 | €2,569 | €3,482 | +€913 | +35.5% |
| Total equity and liabilities | 10/49 | €474,103 | €551,781 | +€77,678 | +16.4% |
| Equity | 10/15 | €144,833 | €237,868 | +€93,034 | +64.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,833 | €234,868 | +€93,034 | +65.6% |
| Amounts payable | 17/49 | €329,270 | €313,913 | -€15,357 | -4.7% |
| Amounts payable after more than one year | 17 | €274,865 | €264,169 | -€10,696 | -3.9% |
| Financial debts | 170/4 | €274,865 | €264,169 | -€10,696 | -3.9% |
| Amounts payable within one year | 42/48 | €54,148 | €49,744 | -€4,403 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €10,282 | €10,696 | +€414 | +4.0% |
| Trade debts | 44 | €204 | €4,194 | +€3,989 | +1,952% |
| Suppliers | 440/4 | €204 | €4,194 | +€3,989 | +1,952% |
| Taxes, remuneration and social security | 45 | €39,954 | €34,854 | -€5,100 | -12.8% |
| Taxes | 450/3 | €39,954 | €34,854 | -€5,100 | -12.8% |
| Other amounts payable | 47/48 | €3,707 | - | -€3,707 | |
| Accrued charges and deferred income | 492/3 | €257 | - | -€257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,384 | €10,222 | +€838 | +8.9% |
| Other operating charges | 640/8 | €236 | €1,075 | +€839 | +355% |
| Gross operating margin | 9900 | €152,872 | €143,362 | -€9,509 | -6.2% |
| Operating profit (loss) | 9901 | €143,252 | €132,066 | -€11,186 | -7.8% |
| Financial income | 75/76B | - | €330 | +€330 | |
| Recurring financial income | 75 | - | €330 | +€330 | |
| Financial charges | 65/66B | €13,385 | €12,404 | -€981 | -7.3% |
| Recurring financial charges | 65 | €13,385 | €12,404 | -€981 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €129,867 | €119,992 | -€9,875 | -7.6% |
| Income taxes | 67/77 | €29,196 | €26,958 | -€2,238 | -7.7% |
| Profit (loss) for the period | 9904 | €100,671 | €93,034 | -€7,637 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,671 | €93,034 | -€7,637 | -7.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.