MARENGO 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.
MARENGO CONSULTING
Largest movements
- Cash +€4,012
up €4,012 (+78.9%), from €5,084 to €9,096
mainly Net result for the year (+€85,689) and Other debts (+€12,926)
- Receivables within one year +€2,762
up €2,762 (+2.7%), from €103,362 to €106,124
of which Other amounts receivable: +€14,105
- Tangible fixed assets +€1,878
up €1,878 (+340%), from €552 to €2,430
of which Other tangible fixed assets: +€2,017
- Other debts +€12,926
up €12,926 (+17.7%), from €73,000 to €85,926
- Tax, wage and social debts -€8,631
down €8,631 (-77.2%), from €11,181 to €2,550
- Current portion of long-term debt +€2,614
up €2,614 (+52.3%), from €5,000 to €7,614
- Trade debts +€2,025
up €2,025 (+172%), from €1,178 to €3,203
- Gross operating margin +€46,743
up €46,743 (+65.1%), from €71,804 to €118,547
- Taxes +€13,350
up €13,350 (+63.7%), from €20,958 to €34,308
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 | €109,796 | €118,493 | +€8,697 | +7.9% |
| Fixed assets | 21/28 | €552 | €2,430 | +€1,878 | +340% |
| Tangible fixed assets | 22/27 | €552 | €2,430 | +€1,878 | +340% |
| Furniture and vehicles | 24 | €552 | €413 | -€139 | -25.2% |
| Other tangible fixed assets | 26 | - | €2,017 | +€2,017 | |
| Current assets | 29/58 | €109,243 | €116,063 | +€6,820 | +6.2% |
| Amounts receivable within one year | 40/41 | €103,362 | €106,124 | +€2,762 | +2.7% |
| Trade receivables | 40 | €30,188 | €18,844 | -€11,344 | -37.6% |
| Other amounts receivable | 41 | €73,175 | €87,280 | +€14,105 | +19.3% |
| Cash at bank and in hand | 54/58 | €5,084 | €9,096 | +€4,012 | +78.9% |
| Deferred charges and accrued income | 490/1 | €797 | €844 | +€47 | +5.8% |
| Total equity and liabilities | 10/49 | €109,796 | €118,493 | +€8,697 | +7.9% |
| Equity | 10/15 | €19,437 | €19,200 | -€237 | -1.2% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237 | - | -€237 | |
| Amounts payable | 17/49 | €90,359 | €99,293 | +€8,934 | +9.9% |
| Amounts payable within one year | 42/48 | €90,359 | €99,293 | +€8,934 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €7,614 | +€2,614 | +52.3% |
| Trade debts | 44 | €1,178 | €3,203 | +€2,025 | +172% |
| Suppliers | 440/4 | €1,178 | €3,203 | +€2,025 | +172% |
| Taxes, remuneration and social security | 45 | €11,181 | €2,550 | -€8,631 | -77.2% |
| Taxes | 450/3 | €11,181 | €2,550 | -€8,631 | -77.2% |
| Other amounts payable | 47/48 | €73,000 | €85,926 | +€12,926 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €258 | +€119 | +85.9% |
| Other operating charges | 640/8 | €396 | €400 | +€4 | +1.0% |
| Gross operating margin | 9900 | €71,804 | €118,547 | +€46,743 | +65.1% |
| Operating profit (loss) | 9901 | €71,269 | €117,889 | +€46,619 | +65.4% |
| Financial income | 75/76B | €4,435 | €3,940 | -€495 | -11.2% |
| Recurring financial income | 75 | €4,435 | €3,940 | -€495 | -11.2% |
| Financial charges | 65/66B | €1,510 | €1,832 | +€322 | +21.3% |
| Recurring financial charges | 65 | €1,510 | €1,832 | +€322 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €74,194 | €119,997 | +€45,803 | +61.7% |
| Income taxes | 67/77 | €20,958 | €34,308 | +€13,350 | +63.7% |
| Profit (loss) for the period | 9904 | €53,237 | €85,689 | +€32,452 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,237 | €85,689 | +€32,452 | +61.0% |
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.