Matthieu Sieben 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.
Matthieu Sieben Consulting
Largest movements
- Cash -€47,480
down €47,480 (-46.0%), from €103,129 to €55,650
mainly Contributions, distributions and other (-€80,000) and Tax, wage and social debts (-€14,100)
- Receivables within one year +€4,295
up €4,295 (+38.4%), from €11,184 to €15,479
of which Trade receivables: +€4,775
- Deferred charges and accrued income +€4,200
up €4,200 (+632%), from €664 to €4,865
- Tangible fixed assets +€2,273
up €2,273 (+62.1%), from €3,660 to €5,932
- Profit (loss) carried forward -€23,136
down €23,136 (-92.3%), from €25,062 to €1,925
- Tax, wage and social debts -€14,100
down €14,100 (-100%), from €14,100 to €0
of which Taxes: -€14,100
- Trade debts +€5,089
up €5,089 (+189%), from €2,688 to €7,778
- Other debts -€4,565
down €4,565 (-6.0%), from €75,787 to €71,222
- Gross operating margin +€8,117
up €8,117 (+11.5%), from €70,888 to €79,006
- Other operating charges +€2,538
up €2,538 (+653%), from €388 to €2,927
- Depreciation +€1,366
up €1,366 (+85.9%), from €1,590 to €2,956
- Financial income +€1,126
up €1,126 (+204,713%), from €1 to €1,126
- Taxes +€915
up €915 (+6.8%), from €13,445 to €14,360
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 | €118,637 | €81,925 | -€36,712 | -30.9% |
| Fixed assets | 21/28 | €3,660 | €5,932 | +€2,273 | +62.1% |
| Tangible fixed assets | 22/27 | €3,660 | €5,932 | +€2,273 | +62.1% |
| Furniture and vehicles | 24 | €3,660 | €5,932 | +€2,273 | +62.1% |
| Current assets | 29/58 | €114,977 | €75,993 | -€38,984 | -33.9% |
| Amounts receivable within one year | 40/41 | €11,184 | €15,479 | +€4,295 | +38.4% |
| Trade receivables | 40 | €8,881 | €13,656 | +€4,775 | +53.8% |
| Other amounts receivable | 41 | €2,303 | €1,823 | -€480 | -20.9% |
| Cash at bank and in hand | 54/58 | €103,129 | €55,650 | -€47,480 | -46.0% |
| Deferred charges and accrued income | 490/1 | €664 | €4,865 | +€4,200 | +632% |
| Total equity and liabilities | 10/49 | €118,637 | €81,925 | -€36,712 | -30.9% |
| Equity | 10/15 | €26,062 | €2,925 | -€23,136 | -88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,062 | €1,925 | -€23,136 | -92.3% |
| Amounts payable | 17/49 | €92,575 | €79,000 | -€13,575 | -14.7% |
| Amounts payable within one year | 42/48 | €92,575 | €79,000 | -€13,575 | -14.7% |
| Trade debts | 44 | €2,688 | €7,778 | +€5,089 | +189% |
| Suppliers | 440/4 | €2,688 | €7,778 | +€5,089 | +189% |
| Taxes, remuneration and social security | 45 | €14,100 | €0 | -€14,100 | -100% |
| Taxes | 450/3 | €14,100 | €0 | -€14,100 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,787 | €71,222 | -€4,565 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,590 | €2,956 | +€1,366 | +85.9% |
| Other operating charges | 640/8 | €388 | €2,927 | +€2,538 | +653% |
| Gross operating margin | 9900 | €70,888 | €79,006 | +€8,117 | +11.5% |
| Operating profit (loss) | 9901 | €68,910 | €73,124 | +€4,213 | +6.1% |
| Financial income | 75/76B | €1 | €1,126 | +€1,126 | +204,713% |
| Recurring financial income | 75 | €1 | €1,126 | +€1,126 | +204,713% |
| Financial charges | 65/66B | €2,264 | €3,026 | +€762 | +33.7% |
| Recurring financial charges | 65 | €2,264 | €3,026 | +€762 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €66,647 | €71,224 | +€4,577 | +6.9% |
| Income taxes | 67/77 | €13,445 | €14,360 | +€915 | +6.8% |
| Profit (loss) for the period | 9904 | €53,202 | €56,864 | +€3,662 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,202 | €56,864 | +€3,662 | +6.9% |
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 17 October 2026 via checked.be.