MARKETING CONSULTING ENGINEERING: what changed
What changed
MARKETING CONSULTING ENGINEERING
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
-€20,042
2024 · -€44,657+€24,615
Equity
€375,817
2024 · €405,189-€29,371
Cash
€52,387
2024 · €88,717-€36,330
Balance sheet total
€799,604
2024 · €914,667-€115,063
Largest movements
Assets
- Tangible fixed assets -€57,353
down €57,353 (-11.4%), from €501,155 to €443,801
of which Land and buildings: -€36,810
- Cash -€36,330
down €36,330 (-41.0%), from €88,717 to €52,387
mainly Other debts (-€54,146) and Debts after one year (-€46,584)
- Receivables after one year -€27,500
down €27,500 (-100%), from €27,500 to €0
- Stocks and contracts +€22,119
up €22,119 (+17.9%), from €123,317 to €145,436
- Current investments -€10,383
down €10,383 (-100%), from €10,383 to €0
Equity and liabilities
- Other debts -€54,146
down €54,146 (-100%), from €54,146 to €0
- Debts after one year -€46,584
down €46,584 (-26.1%), from €178,317 to €131,733
- Profit (loss) carried forward -€20,042
down €20,042 (-44.9%), from -€44,657 to -€64,699
- Trade debts +€17,279
up €17,279 (+24.1%), from €71,667 to €88,946
- Reserves -€9,330
down €9,330 (-2.4%), from €387,846 to €378,516
of which Distributable reserves: -€9,330
Income statement
- Turnover +€46,043
up €46,043 (+4.2%), from €1.1m to €1.1m
- Gross operating margin +€30,393
up €30,393 (+14.6%), from €207,795 to €238,188
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
-€44,657
Gross operating margin
+€30,393
Staff costs
-€8,432
Depreciation
+€2,323
Write-downs
-€2,760
Other operating charges
-€406
Financial income
+€6,135
Financial charges
-€2,462
Taxes
-€175
Result 2025
-€20,042
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
+€11,728
Investment
+€11,627
Financing
-€59,685
Cash 2024
€88,717
From operations (derived)
+€11,728
Net result for the year
-€20,042
Depreciation
+€56,109
Receivables after one year
+€27,500
Stocks and contracts
-€22,119
Receivables within one year
-€471
Deferred charges and accrued income
+€6,087
Trade debts
+€17,279
Tax, wage and social debts
+€1,531
Other debts
-€54,146
Investment (derived)
+€11,627
Investment in fixed assets (net)
+€1,244
Current investments
+€10,383
Financing
-€59,685
Debts after one year
-€46,584
Current portion of long-term debt
+€908
Short-term financial debts
-€4,679
Contributions, distributions and other
-€9,330
Cash 2025
€52,387
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,667 | €799,604 | -€115,063 | -12.6% |
| Fixed assets | 21/28 | €506,591 | €449,238 | -€57,353 | -11.3% |
| Tangible fixed assets | 22/27 | €501,155 | €443,801 | -€57,353 | -11.4% |
| Land and buildings | 22 | €430,651 | €393,841 | -€36,810 | -8.5% |
| Plant, machinery and equipment | 23 | €1,027 | €498 | -€529 | -51.5% |
| Furniture and vehicles | 24 | €69,477 | €49,462 | -€20,015 | -28.8% |
| Financial fixed assets | 28 | €5,437 | €5,437 | = | 0.0% |
| Current assets | 29/58 | €408,076 | €350,366 | -€57,710 | -14.1% |
| Amounts receivable after more than one year | 29 | €27,500 | €0 | -€27,500 | -100% |
| Other amounts receivable | 291 | €27,500 | €0 | -€27,500 | -100% |
| Stocks and contracts in progress | 3 | €123,317 | €145,436 | +€22,119 | +17.9% |
| Stocks | 30/36 | €123,317 | €145,436 | +€22,119 | +17.9% |
| Amounts receivable within one year | 40/41 | €145,235 | €145,706 | +€471 | +0.3% |
| Trade receivables | 40 | €136,593 | €140,209 | +€3,617 | +2.6% |
| Other amounts receivable | 41 | €8,643 | €5,497 | -€3,146 | -36.4% |
| Current investments | 50/53 | €10,383 | €0 | -€10,383 | -100% |
| Cash at bank and in hand | 54/58 | €88,717 | €52,387 | -€36,330 | -41.0% |
| Deferred charges and accrued income | 490/1 | €12,924 | €6,838 | -€6,087 | -47.1% |
| Total equity and liabilities | 10/49 | €914,667 | €799,604 | -€115,063 | -12.6% |
| Equity | 10/15 | €405,189 | €375,817 | -€29,371 | -7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €387,846 | €378,516 | -€9,330 | -2.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,858 | €35,858 | = | 0.0% |
| Distributable reserves | 133 | €345,787 | €336,458 | -€9,330 | -2.7% |
| Profit (loss) carried forward | 14 | -€44,657 | -€64,699 | -€20,042 | -44.9% |
| Amounts payable | 17/49 | €509,479 | €423,787 | -€85,692 | -16.8% |
| Amounts payable after more than one year | 17 | €178,317 | €131,733 | -€46,584 | -26.1% |
| Financial debts | 170/4 | €178,317 | €131,733 | -€46,584 | -26.1% |
| Amounts payable within one year | 42/48 | €331,162 | €292,053 | -€39,108 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €45,676 | €46,584 | +€908 | +2.0% |
| Financial debts | 43 | €129,679 | €125,000 | -€4,679 | -3.6% |
| Credit institutions | 430/8 | €129,679 | €125,000 | -€4,679 | -3.6% |
| Trade debts | 44 | €71,667 | €88,946 | +€17,279 | +24.1% |
| Suppliers | 440/4 | €71,667 | €88,946 | +€17,279 | +24.1% |
| Taxes, remuneration and social security | 45 | €29,993 | €31,524 | +€1,531 | +5.1% |
| Taxes | 450/3 | €10,944 | €11,944 | +€1,000 | +9.1% |
| Remuneration and social security | 454/9 | €19,049 | €19,580 | +€531 | +2.8% |
| Other amounts payable | 47/48 | €54,146 | €0 | -€54,146 | -100% |
| Turnover | 70 | €1,100,852 | €1,146,895 | +€46,043 | +4.2% |
| Non-recurring operating income | 76A | - | €956 | +€956 | |
| Goods, raw materials, services and sundry goods | 60/61 | €932,622 | €942,535 | +€9,913 | +1.1% |
| Remuneration, social security and pensions | 62 | €165,457 | €173,889 | +€8,432 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,433 | €56,109 | -€2,323 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,760 | +€2,760 | |
| Other operating charges | 640/8 | €8,292 | €8,698 | +€406 | +4.9% |
| Gross operating margin | 9900 | €207,795 | €238,188 | +€30,393 | +14.6% |
| Operating profit (loss) | 9901 | -€24,387 | -€3,269 | +€21,118 | +86.6% |
| Financial income | 75/76B | €1,234 | €7,368 | +€6,135 | +497% |
| Recurring financial income | 75 | €1,234 | €581 | -€653 | -52.9% |
| Non-recurring financial income | 76B | €0 | €6,787 | +€6,787 | |
| Financial charges | 65/66B | €20,717 | €23,179 | +€2,462 | +11.9% |
| Recurring financial charges | 65 | €20,717 | €23,179 | +€2,462 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,870 | -€19,079 | +€24,791 | +56.5% |
| Income taxes | 67/77 | €787 | €962 | +€175 | +22.3% |
| Profit (loss) for the period | 9904 | -€44,657 | -€20,042 | +€24,615 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,657 | -€20,042 | +€24,615 | +55.1% |
Next steps
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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 1 November 2026 via checked.be.