McMASTER CONSULTING: what changed
Two fiscal 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.
McMASTER CONSULTING
Largest movements
- Receivables within one year +€207,350
up €207,350 (+220.5%), from €94,034 to €301,383
of which Other amounts receivable: +€152,072
- Cash -€35,695
down €35,695 (-31.3%), from €114,197 to €78,502
mainly Contributions, distributions and other (-€303,268) and Receivables within one year (-€207,350)
- Other debts +€278,534
up €278,534 (+1126.1%), from €24,734 to €303,268
- Profit (loss) carried forward -€145,806
no longer reported in 2025 (was €145,806)
- Tax, wage and social debts +€37,145
up €37,145 (+182.2%), from €20,387 to €57,532
- Gross operating margin +€15,233
up €15,233 (+7.9%), from €192,984 to €208,217
- Taxes +€8,040
up €8,040 (+18.0%), from €44,702 to €52,742
- Financial income +€4,341
new in 2025: €4,341
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 | €211,476 | €381,755 | +€170,279 | +80.5% |
| Fixed assets | 21/28 | €1,756 | €810 | -€945 | -53.9% |
| Tangible fixed assets | 22/27 | €1,756 | €810 | -€945 | -53.9% |
| Furniture and vehicles | 24 | €1,756 | €810 | -€945 | -53.9% |
| Current assets | 29/58 | €209,721 | €380,945 | +€171,224 | +81.6% |
| Amounts receivable within one year | 40/41 | €94,034 | €301,383 | +€207,350 | +220.5% |
| Trade receivables | 40 | €86,235 | €141,513 | +€55,277 | +64.1% |
| Other amounts receivable | 41 | €7,798 | €159,870 | +€152,072 | +1950.0% |
| Cash at bank and in hand | 54/58 | €114,197 | €78,502 | -€35,695 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,060 | -€430 | -28.9% |
| Total equity and liabilities | 10/49 | €211,476 | €381,755 | +€170,279 | +80.5% |
| Equity | 10/15 | €166,266 | €20,460 | -€145,806 | -87.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,806 | - | -€145,806 | |
| Amounts payable | 17/49 | €45,211 | €361,295 | +€316,085 | +699.1% |
| Amounts payable within one year | 42/48 | €45,211 | €361,295 | +€316,085 | +699.1% |
| Trade debts | 44 | €90 | €495 | +€406 | +453.3% |
| Suppliers | 440/4 | €90 | €495 | +€406 | +453.3% |
| Taxes, remuneration and social security | 45 | €20,387 | €57,532 | +€37,145 | +182.2% |
| Taxes | 450/3 | €20,387 | €57,532 | +€37,145 | +182.2% |
| Other amounts payable | 47/48 | €24,734 | €303,268 | +€278,534 | +1126.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €945 | -€243 | -20.4% |
| Other operating charges | 640/8 | €899 | €992 | +€93 | +10.3% |
| Gross operating margin | 9900 | €192,984 | €208,217 | +€15,233 | +7.9% |
| Operating profit (loss) | 9901 | €190,897 | €206,280 | +€15,383 | +8.1% |
| Financial income | 75/76B | - | €4,341 | +€4,341 | |
| Recurring financial income | 75 | - | €4,341 | +€4,341 | |
| Financial charges | 65/66B | €390 | €416 | +€26 | +6.7% |
| Recurring financial charges | 65 | €390 | €416 | +€26 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €190,507 | €210,204 | +€19,697 | +10.3% |
| Income taxes | 67/77 | €44,702 | €52,742 | +€8,040 | +18.0% |
| Profit (loss) for the period | 9904 | €145,806 | €157,462 | +€11,657 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,806 | €157,462 | +€11,657 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.