Mardaga Consultancy: 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.
Mardaga Consultancy
Largest movements
- Cash +€49,941
up €49,941 (+34.1%), from €146,397 to €196,338
mainly Net result for the year (+€34,456) and Depreciation (+€28,966)
- Tangible fixed assets -€24,814
down €24,814 (-11.5%), from €215,328 to €190,514
of which Furniture and vehicles: -€13,614
- Receivables within one year -€4,776
down €4,776 (-36.6%), from €13,035 to €8,259
of which Trade receivables: -€6,404
- Profit (loss) carried forward +€26,328
no longer reported in 2025 (was -€26,328)
- Debts after one year -€13,468
down €13,468 (-9.4%), from €143,567 to €130,100
- Reserves +€8,128
up €8,128 (+3.7%), from €218,689 to €226,817
of which Distributable reserves: +€8,128
- Gross operating margin +€64,090
up €64,090 (+1,011%), from €6,341 to €70,431
- Taxes +€3,355
new in 2025: €3,355
- Financial income -€1,514
down €1,514 (-97.3%), from €1,555 to €41
- Other operating charges -€874
down €874 (-62.9%), from €1,388 to €515
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 | €376,320 | €395,969 | +€19,649 | +5.2% |
| Fixed assets | 21/28 | €215,628 | €190,814 | -€24,814 | -11.5% |
| Tangible fixed assets | 22/27 | €215,328 | €190,514 | -€24,814 | -11.5% |
| Land and buildings | 22 | €181,923 | €169,823 | -€12,100 | -6.7% |
| Plant, machinery and equipment | 23 | - | €900 | +€900 | |
| Furniture and vehicles | 24 | €33,405 | €19,791 | -€13,614 | -40.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €160,692 | €205,155 | +€44,463 | +27.7% |
| Amounts receivable within one year | 40/41 | €13,035 | €8,259 | -€4,776 | -36.6% |
| Trade receivables | 40 | €12,968 | €6,564 | -€6,404 | -49.4% |
| Other amounts receivable | 41 | €67 | €1,695 | +€1,628 | +2,442% |
| Cash at bank and in hand | 54/58 | €146,397 | €196,338 | +€49,941 | +34.1% |
| Deferred charges and accrued income | 490/1 | €1,260 | €558 | -€702 | -55.7% |
| Total equity and liabilities | 10/49 | €376,320 | €395,969 | +€19,649 | +5.2% |
| Equity | 10/15 | €204,761 | €239,217 | +€34,456 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €218,689 | €226,817 | +€8,128 | +3.7% |
| 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 | €216,829 | €224,957 | +€8,128 | +3.7% |
| Profit (loss) carried forward | 14 | -€26,328 | - | +€26,328 | |
| Amounts payable | 17/49 | €171,560 | €156,753 | -€14,807 | -8.6% |
| Amounts payable after more than one year | 17 | €143,567 | €130,100 | -€13,468 | -9.4% |
| Financial debts | 170/4 | €143,567 | €130,100 | -€13,468 | -9.4% |
| Amounts payable within one year | 42/48 | €27,992 | €26,653 | -€1,339 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €14,617 | €13,468 | -€1,149 | -7.9% |
| Trade debts | 44 | €3,700 | €1,265 | -€2,435 | -65.8% |
| Suppliers | 440/4 | €3,700 | €1,265 | -€2,435 | -65.8% |
| Taxes, remuneration and social security | 45 | €3,078 | €4,994 | +€1,916 | +62.3% |
| Taxes | 450/3 | €1,478 | €3,544 | +€2,066 | +140% |
| Remuneration and social security | 454/9 | €1,600 | €1,450 | -€150 | -9.4% |
| Other amounts payable | 47/48 | €6,598 | €6,926 | +€328 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,190 | €28,966 | -€224 | -0.8% |
| Other operating charges | 640/8 | €1,388 | €515 | -€874 | -62.9% |
| Gross operating margin | 9900 | €6,341 | €70,431 | +€64,090 | +1,011% |
| Operating profit (loss) | 9901 | -€24,237 | €40,951 | +€65,188 | |
| Financial income | 75/76B | €1,555 | €41 | -€1,514 | -97.3% |
| Recurring financial income | 75 | €1,555 | €41 | -€1,514 | -97.3% |
| Financial charges | 65/66B | €3,646 | €3,180 | -€466 | -12.8% |
| Recurring financial charges | 65 | €3,646 | €3,180 | -€466 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,328 | €37,811 | +€64,140 | |
| Income taxes | 67/77 | - | €3,355 | +€3,355 | |
| Profit (loss) for the period | 9904 | -€26,328 | €34,456 | +€60,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,328 | €34,456 | +€60,784 |
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 29 October 2026 via checked.be.