MD CONSULT: 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.
MD CONSULT
Largest movements
- Receivables within one year +€9,026
up €9,026 (+8.3%), from €108,620 to €117,646
of which Trade receivables: +€13,168
- Other debts +€11,873
up €11,873 (+9.2%), from €129,074 to €140,948
- Trade debts -€4,456
down €4,456 (-14.8%), from €30,127 to €25,672
- Contributions -€4,142
down €4,142 (-22.3%), from €18,592 to €14,450
- Tax, wage and social debts +€2,813
new in 2025: €2,813
- Profit (loss) carried forward +€2,677
up €2,677 (+4.4%), from -€60,956 to -€58,279
- Gross operating margin +€16,275
up €16,275, from -€4,140 to €12,135
- Financial charges +€9,472
new in 2025: €9,472
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 | €118,697 | €127,461 | +€8,765 | +7.4% |
| Current assets | 29/58 | €118,697 | €127,461 | +€8,765 | +7.4% |
| Stocks and contracts in progress | 3 | €7,174 | €6,515 | -€659 | -9.2% |
| Stocks | 30/36 | €7,174 | €6,515 | -€659 | -9.2% |
| Amounts receivable within one year | 40/41 | €108,620 | €117,646 | +€9,026 | +8.3% |
| Trade receivables | 40 | €104,478 | €117,646 | +€13,168 | +12.6% |
| Other amounts receivable | 41 | €4,142 | - | -€4,142 | |
| Cash at bank and in hand | 54/58 | €2,902 | €3,300 | +€398 | +13.7% |
| Total equity and liabilities | 10/49 | €118,697 | €127,461 | +€8,765 | +7.4% |
| Equity | 10/15 | -€40,505 | -€41,970 | -€1,465 | -3.6% |
| Contributions | 10/11 | €18,592 | €14,450 | -€4,142 | -22.3% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,956 | -€58,279 | +€2,677 | +4.4% |
| Amounts payable | 17/49 | €159,202 | €169,432 | +€10,230 | +6.4% |
| Amounts payable within one year | 42/48 | €159,202 | €169,432 | +€10,230 | +6.4% |
| Trade debts | 44 | €30,127 | €25,672 | -€4,456 | -14.8% |
| Suppliers | 440/4 | €30,127 | €25,672 | -€4,456 | -14.8% |
| Taxes, remuneration and social security | 45 | - | €2,813 | +€2,813 | |
| Taxes | 450/3 | - | €2,813 | +€2,813 | |
| Other amounts payable | 47/48 | €129,074 | €140,948 | +€11,873 | +9.2% |
| Gross operating margin | 9900 | -€4,140 | €12,135 | +€16,275 | |
| Operating profit (loss) | 9901 | -€4,140 | €12,135 | +€16,275 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | - | €9,472 | +€9,472 | |
| Recurring financial charges | 65 | - | €9,472 | +€9,472 | |
| Profit (loss) for the period before taxes | 9903 | -€4,140 | €2,691 | +€6,831 | |
| Income taxes | 67/77 | - | €14 | +€14 | |
| Profit (loss) for the period | 9904 | -€4,140 | €2,677 | +€6,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,140 | €2,677 | +€6,817 |
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 8 October 2026 via checked.be.