MCLEOD CONSULT: 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.
MCLEOD CONSULT
Largest movements
- Receivables within one year +€70,370
up €70,370 (+222.0%), from €31,692 to €102,063
of which Other amounts receivable: +€59,349
- Tangible fixed assets -€22,181
down €22,181 (-4.2%), from €523,342 to €501,161
of which Land and buildings: -€19,759
- Reserves +€151,687
up €151,687 (+47.6%), from €318,712 to €470,399
of which Distributable reserves: +€151,687
- Other debts -€89,513
down €89,513 (-92.9%), from €96,369 to €6,856
- Debts after one year -€19,113
no longer reported in 2025 (was €19,113)
- Gross operating margin +€65,850
up €65,850 (+34.6%), from €190,501 to €256,351
- Taxes +€23,740
up €23,740 (+44.4%), from €53,529 to €77,269
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.
Cash bridge derived
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 | €578,102 | €618,962 | +€40,860 | +7.1% |
| Fixed assets | 21/28 | €523,927 | €501,746 | -€22,181 | -4.2% |
| Tangible fixed assets | 22/27 | €523,342 | €501,161 | -€22,181 | -4.2% |
| Land and buildings | 22 | €517,546 | €497,787 | -€19,759 | -3.8% |
| Furniture and vehicles | 24 | €5,796 | €3,374 | -€2,422 | -41.8% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €54,175 | €117,216 | +€63,040 | +116.4% |
| Amounts receivable within one year | 40/41 | €31,692 | €102,063 | +€70,370 | +222.0% |
| Trade receivables | 40 | €30,606 | €41,627 | +€11,021 | +36.0% |
| Other amounts receivable | 41 | €1,086 | €60,436 | +€59,349 | +5462.5% |
| Cash at bank and in hand | 54/58 | €16,603 | €14,637 | -€1,966 | -11.8% |
| Deferred charges and accrued income | 490/1 | €5,879 | €515 | -€5,364 | -91.2% |
| Total equity and liabilities | 10/49 | €578,102 | €618,962 | +€40,860 | +7.1% |
| Equity | 10/15 | €324,912 | €476,599 | +€151,687 | +46.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €318,712 | €470,399 | +€151,687 | +47.6% |
| 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 | €316,852 | €468,539 | +€151,687 | +47.9% |
| Amounts payable | 17/49 | €253,190 | €142,363 | -€110,827 | -43.8% |
| Amounts payable after more than one year | 17 | €19,113 | - | -€19,113 | |
| Financial debts | 170/4 | €19,113 | - | -€19,113 | |
| Amounts payable within one year | 42/48 | €234,078 | €142,363 | -€91,715 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €21,947 | €18,979 | -€2,968 | -13.5% |
| Trade debts | 44 | €2,340 | €3,912 | +€1,571 | +67.1% |
| Suppliers | 440/4 | €2,340 | €3,912 | +€1,571 | +67.1% |
| Taxes, remuneration and social security | 45 | €113,422 | €112,617 | -€805 | -0.7% |
| Taxes | 450/3 | €113,422 | €112,617 | -€805 | -0.7% |
| Other amounts payable | 47/48 | €96,369 | €6,856 | -€89,513 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,228 | €22,181 | +€953 | +4.5% |
| Other operating charges | 640/8 | €3,719 | €3,944 | +€225 | +6.0% |
| Gross operating margin | 9900 | €190,501 | €256,351 | +€65,850 | +34.6% |
| Operating profit (loss) | 9901 | €165,553 | €230,226 | +€64,673 | +39.1% |
| Financial income | 75/76B | €67 | €1,753 | +€1,686 | +2500.2% |
| Recurring financial income | 75 | €67 | €1,753 | +€1,686 | +2500.2% |
| Financial charges | 65/66B | €3,294 | €3,023 | -€271 | -8.2% |
| Recurring financial charges | 65 | €3,294 | €3,023 | -€271 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €162,327 | €228,956 | +€66,629 | +41.0% |
| Income taxes | 67/77 | €53,529 | €77,269 | +€23,740 | +44.4% |
| Profit (loss) for the period | 9904 | €108,798 | €151,687 | +€42,889 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,798 | €151,687 | +€42,889 | +39.4% |
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 11 October 2026 via checked.be.