Management Science 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 Science Consulting
Largest movements
- Cash -€24,003
down €24,003 (-93.9%), from €25,550 to €1,547
mainly Net result for the year (-€47,658) and Investment in fixed assets (net) (-€24,994)
- Tangible fixed assets +€19,771
up €19,771, from €0 to €19,771
of which Furniture and vehicles: +€17,771
- Receivables within one year -€2,149
down €2,149 (-10.4%), from €20,697 to €18,549
of which Trade receivables: -€2,149
- Financial fixed assets -€1,200
down €1,200 (-50.0%), from €2,400 to €1,200
- Intangible fixed assets -€1,171
down €1,171 (-100%), from €1,171 to €0
- Profit (loss) carried forward -€47,658
down €47,658 (-187%), from -€25,543 to -€73,201
- Tax, wage and social debts +€11,104
up €11,104 (+66.4%), from €16,735 to €27,838
of which Remuneration and social security: +€12,191
- Debts after one year +€9,950
new in 2024: €9,950
- Other debts +€8,896
up €8,896 (+1,070%), from €831 to €9,727
- Trade debts +€4,656
up €4,656 (+132,651%), from €4 to €4,660
- Turnover -€31,678
down €31,678 (-38.6%), from €82,053 to €50,375
- Gross operating margin -€20,589
down €20,589 (-69.4%), from €29,687 to €9,098
- Staff costs +€12,089
up €12,089 (+34.0%), from €35,554 to €47,644
- Purchases and services -€9,816
down €9,816 (-18.8%), from €52,214 to €42,398
- Depreciation +€6,424
up €6,424 (+548%), from €1,171 to €7,595
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,626 | €41,874 | -€8,752 | -17.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,571 | €20,971 | +€17,400 | +487% |
| Intangible fixed assets | 21 | €1,171 | €0 | -€1,171 | -100% |
| Tangible fixed assets | 22/27 | €0 | €19,771 | +€19,771 | |
| Plant, machinery and equipment | 23 | €0 | €2,000 | +€2,000 | |
| Furniture and vehicles | 24 | €0 | €17,771 | +€17,771 | |
| Financial fixed assets | 28 | €2,400 | €1,200 | -€1,200 | -50.0% |
| Current assets | 29/58 | €47,055 | €20,904 | -€26,151 | -55.6% |
| Amounts receivable within one year | 40/41 | €20,697 | €18,549 | -€2,149 | -10.4% |
| Trade receivables | 40 | €20,697 | €18,549 | -€2,149 | -10.4% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €25,550 | €1,547 | -€24,003 | -93.9% |
| Deferred charges and accrued income | 490/1 | €808 | €808 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €50,626 | €41,874 | -€8,752 | -17.3% |
| Equity | 10/15 | €33,057 | -€14,601 | -€47,658 | |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Capital | 10 | €58,600 | €58,600 | = | 0.0% |
| Issued capital | 100 | €58,600 | €58,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,543 | -€73,201 | -€47,658 | -187% |
| Amounts payable | 17/49 | €17,569 | €56,476 | +€38,906 | +221% |
| Amounts payable after more than one year | 17 | - | €9,950 | +€9,950 | |
| Financial debts | 170/4 | - | €9,950 | +€9,950 | |
| Amounts payable within one year | 42/48 | €17,569 | €46,526 | +€28,956 | +165% |
| Current portion of amounts payable after more than one year | 42 | - | €4,301 | +€4,301 | |
| Trade debts | 44 | €4 | €4,660 | +€4,656 | +132,651% |
| Suppliers | 440/4 | €4 | €4,660 | +€4,656 | +132,651% |
| Taxes, remuneration and social security | 45 | €16,735 | €27,838 | +€11,104 | +66.4% |
| Taxes | 450/3 | €8,961 | €7,875 | -€1,087 | -12.1% |
| Remuneration and social security | 454/9 | €7,773 | €19,964 | +€12,191 | +157% |
| Other amounts payable | 47/48 | €831 | €9,727 | +€8,896 | +1,070% |
| Turnover | 70 | €82,053 | €50,375 | -€31,678 | -38.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,214 | €42,398 | -€9,816 | -18.8% |
| Remuneration, social security and pensions | 62 | €35,554 | €47,644 | +€12,089 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €7,595 | +€6,424 | +548% |
| Non-recurring operating charges | 66A | €10 | €517 | +€507 | +5,072% |
| Gross operating margin | 9900 | €29,687 | €9,098 | -€20,589 | -69.4% |
| Operating profit (loss) | 9901 | -€7,049 | -€46,658 | -€39,609 | -562% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €836 | €1,011 | +€176 | +21.1% |
| Recurring financial charges | 65 | €836 | €1,011 | +€176 | +21.1% |
| Non-recurring financial charges | 66B | €836 | - | -€836 | |
| Profit (loss) for the period before taxes | 9903 | -€7,885 | -€47,658 | -€39,774 | -504% |
| Income taxes | 67/77 | €1,745 | - | -€1,745 | |
| Profit (loss) for the period | 9904 | -€9,630 | -€47,658 | -€38,029 | -395% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,630 | -€47,658 | -€38,029 | -395% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.