MBO 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.
MBO Consulting
Largest movements
- Cash +€57,872
up €57,872 (+202%), from €28,607 to €86,479
mainly Net result for the year (+€52,613) and Receivables within one year (+€7,435)
- Deferred charges and accrued income +€9,531
up €9,531 (+3,298%), from €289 to €9,820
- Receivables within one year -€7,435
down €7,435 (-26.2%), from €28,386 to €20,951
of which Trade receivables: -€6,950
- Stocks and contracts -€4,000
down €4,000 (-8.5%), from €46,900 to €42,900
- Intangible fixed assets -€2,818
down €2,818 (-22.3%), from €12,623 to €9,805
- Reserves +€51,780
up €51,780 (+50.5%), from €102,624 to €154,404
- Accrued charges and deferred income +€4,441
up €4,441 (+203%), from €2,184 to €6,625
- Tax, wage and social debts -€3,363
down €3,363 (-37.9%), from €8,879 to €5,516
- Gross operating margin -€13,368
down €13,368 (-15.5%), from €86,148 to €72,780
- Taxes -€2,515
down €2,515 (-15.0%), from €16,722 to €14,207
- Depreciation +€1,218
up €1,218 (+41.4%), from €2,940 to €4,157
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 | €121,273 | €174,489 | +€53,216 | +43.9% |
| Fixed assets | 21/28 | €17,090 | €14,338 | -€2,752 | -16.1% |
| Intangible fixed assets | 21 | €12,623 | €9,805 | -€2,818 | -22.3% |
| Tangible fixed assets | 22/27 | €4,468 | €4,534 | +€66 | +1.5% |
| Land and buildings | 22 | €2,294 | €2,032 | -€262 | -11.4% |
| Plant, machinery and equipment | 23 | €692 | €350 | -€342 | -49.4% |
| Furniture and vehicles | 24 | €1,482 | €2,152 | +€670 | +45.2% |
| Current assets | 29/58 | €104,183 | €160,150 | +€55,968 | +53.7% |
| Stocks and contracts in progress | 3 | €46,900 | €42,900 | -€4,000 | -8.5% |
| Stocks | 30/36 | €46,900 | €42,900 | -€4,000 | -8.5% |
| Amounts receivable within one year | 40/41 | €28,386 | €20,951 | -€7,435 | -26.2% |
| Trade receivables | 40 | €26,109 | €19,158 | -€6,950 | -26.6% |
| Other amounts receivable | 41 | €2,278 | €1,793 | -€485 | -21.3% |
| Cash at bank and in hand | 54/58 | €28,607 | €86,479 | +€57,872 | +202% |
| Deferred charges and accrued income | 490/1 | €289 | €9,820 | +€9,531 | +3,298% |
| Total equity and liabilities | 10/49 | €121,273 | €174,489 | +€53,216 | +43.9% |
| Equity | 10/15 | €105,624 | €157,404 | +€51,780 | +49.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €102,624 | €154,404 | +€51,780 | +50.5% |
| Distributable reserves | 133 | €102,624 | €154,404 | +€51,780 | +50.5% |
| Amounts payable | 17/49 | €15,649 | €17,085 | +€1,435 | +9.2% |
| Amounts payable within one year | 42/48 | €13,466 | €10,460 | -€3,006 | -22.3% |
| Trade debts | 44 | €993 | €319 | -€673 | -67.8% |
| Suppliers | 440/4 | €993 | €319 | -€673 | -67.8% |
| Taxes, remuneration and social security | 45 | €8,879 | €5,516 | -€3,363 | -37.9% |
| Taxes | 450/3 | €8,879 | €5,516 | -€3,363 | -37.9% |
| Other amounts payable | 47/48 | €3,594 | €4,624 | +€1,030 | +28.7% |
| Accrued charges and deferred income | 492/3 | €2,184 | €6,625 | +€4,441 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €4,157 | +€1,218 | +41.4% |
| Other operating charges | 640/8 | €1,736 | €1,162 | -€573 | -33.0% |
| Gross operating margin | 9900 | €86,148 | €72,780 | -€13,368 | -15.5% |
| Operating profit (loss) | 9901 | €81,473 | €67,460 | -€14,013 | -17.2% |
| Financial charges | 65/66B | €746 | €640 | -€106 | -14.2% |
| Recurring financial charges | 65 | €746 | €455 | -€291 | -39.0% |
| Non-recurring financial charges | 66B | - | €185 | +€185 | |
| Profit (loss) for the period before taxes | 9903 | €80,727 | €66,820 | -€13,907 | -17.2% |
| Income taxes | 67/77 | €16,722 | €14,207 | -€2,515 | -15.0% |
| Profit (loss) for the period | 9904 | €64,004 | €52,613 | -€11,391 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,004 | €52,613 | -€11,391 | -17.8% |
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 31 October 2026 via checked.be.