MANAGEMENT PARTNER 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.
MANAGEMENT PARTNER CONSULTING
Largest movements
- Financial fixed assets +€498,218
up €498,218 (+17.8%), from €2.8m to €3.3m
- Current investments -€86,545
down €86,545 (-2.4%), from €3.6m to €3.5m
- Cash +€76,819
up €76,819 (+52.3%), from €147,003 to €223,822
mainly Net result for the year (+€794,031) and Short-term financial debts (+€625,000)
- Short-term financial debts +€625,000
up €625,000 (+179%), from €350,000 to €975,000
- Debts after one year -€600,000
down €600,000 (-100%), from €600,000 to €0
- Reserves +€494,031
up €494,031 (+13.1%), from €3.8m to €4.3m
of which Distributable reserves: +€494,031
- Other debts +€115,666
up €115,666 (+32.9%), from €351,730 to €467,396
- Tax, wage and social debts -€114,335
down €114,335 (-99.6%), from €114,769 to €434
- Gross operating margin +€442,952
up €442,952 (+216%), from €204,827 to €647,779
- Taxes +€41,249
up €41,249 (+19.6%), from €210,836 to €252,085
- Financial income +€31,582
up €31,582 (+5.4%), from €589,804 to €621,387
of which Financial income: +€52,095
- Financial charges +€20,552
up €20,552 (+10.3%), from €199,288 to €219,840
of which Financial charges: +€38,698
- Other operating charges -€18,179
down €18,179 (-93.7%), from €19,405 to €1,227
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 | €6,575,391 | €7,095,020 | +€519,630 | +7.9% |
| Fixed assets | 21/28 | €2,824,767 | €3,324,838 | +€500,072 | +17.7% |
| Tangible fixed assets | 22/27 | €17,920 | €19,774 | +€1,854 | +10.3% |
| Furniture and vehicles | 24 | €2,010 | €3,864 | +€1,854 | +92.3% |
| Other tangible fixed assets | 26 | €15,910 | €15,910 | = | 0.0% |
| Financial fixed assets | 28 | €2,806,846 | €3,305,064 | +€498,218 | +17.8% |
| Current assets | 29/58 | €3,750,624 | €3,770,182 | +€19,558 | +0.5% |
| Amounts receivable within one year | 40/41 | €31,432 | €62,200 | +€30,768 | +97.9% |
| Trade receivables | 40 | €30,460 | €27,200 | -€3,260 | -10.7% |
| Other amounts receivable | 41 | €971 | €35,000 | +€34,029 | +3,504% |
| Current investments | 50/53 | €3,564,556 | €3,478,011 | -€86,545 | -2.4% |
| Cash at bank and in hand | 54/58 | €147,003 | €223,822 | +€76,819 | +52.3% |
| Deferred charges and accrued income | 490/1 | €7,634 | €6,149 | -€1,485 | -19.4% |
| Total equity and liabilities | 10/49 | €6,575,391 | €7,095,020 | +€519,630 | +7.9% |
| Equity | 10/15 | €5,139,303 | €5,633,335 | +€494,031 | +9.6% |
| Contributions | 10/11 | €1,356,200 | €1,356,200 | = | 0.0% |
| Capital | 10 | €1,356,200 | €1,356,200 | = | 0.0% |
| Issued capital | 100 | €1,368,600 | €1,368,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,783,103 | €4,277,135 | +€494,031 | +13.1% |
| Non-distributable reserves | 130/1 | €136,860 | €136,860 | = | 0.0% |
| Legal reserve | 130 | €136,860 | €136,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €3,646,243 | €4,140,275 | +€494,031 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,436,087 | €1,461,686 | +€25,599 | +1.8% |
| Amounts payable after more than one year | 17 | €600,000 | €0 | -€600,000 | -100% |
| Financial debts | 170/4 | €600,000 | €0 | -€600,000 | -100% |
| Amounts payable within one year | 42/48 | €820,198 | €1,444,392 | +€624,194 | +76.1% |
| Financial debts | 43 | €350,000 | €975,000 | +€625,000 | +179% |
| Credit institutions | 430/8 | €350,000 | €975,000 | +€625,000 | +179% |
| Trade debts | 44 | €3,699 | €1,562 | -€2,137 | -57.8% |
| Suppliers | 440/4 | €3,699 | €1,562 | -€2,137 | -57.8% |
| Taxes, remuneration and social security | 45 | €114,769 | €434 | -€114,335 | -99.6% |
| Taxes | 450/3 | €114,769 | €434 | -€114,335 | -99.6% |
| Other amounts payable | 47/48 | €351,730 | €467,396 | +€115,666 | +32.9% |
| Accrued charges and deferred income | 492/3 | €15,890 | €17,294 | +€1,404 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,177 | €1,894 | -€282 | -13.0% |
| Other operating charges | 640/8 | €19,405 | €1,227 | -€18,179 | -93.7% |
| Non-recurring operating charges | 66A | - | €88 | +€88 | |
| Gross operating margin | 9900 | €204,827 | €647,779 | +€442,952 | +216% |
| Operating profit (loss) | 9901 | €183,245 | €644,569 | +€461,324 | +252% |
| Financial income | 75/76B | €589,804 | €621,387 | +€31,582 | +5.4% |
| Recurring financial income | 75 | €511,288 | €563,383 | +€52,095 | +10.2% |
| Non-recurring financial income | 76B | €78,516 | €58,004 | -€20,513 | -26.1% |
| Financial charges | 65/66B | €199,288 | €219,840 | +€20,552 | +10.3% |
| Recurring financial charges | 65 | €181,142 | €219,840 | +€38,698 | +21.4% |
| Non-recurring financial charges | 66B | €18,146 | €0 | -€18,146 | -100% |
| Profit (loss) for the period before taxes | 9903 | €573,762 | €1,046,116 | +€472,354 | +82.3% |
| Transfer from deferred taxes | 780 | €35,411 | €0 | -€35,411 | -100% |
| Income taxes | 67/77 | €210,836 | €252,085 | +€41,249 | +19.6% |
| Profit (loss) for the period | 9904 | €398,337 | €794,031 | +€395,694 | +99.3% |
| Transfer from tax-exempt reserves | 789 | €106,234 | €0 | -€106,234 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €504,571 | €794,031 | +€289,460 | +57.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.