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 -€11,105
down €11,105 (-35.2%), from €31,505 to €20,400
of which Trade receivables: -€5,624
- Cash +€4,878
up €4,878 (+28.4%), from €17,204 to €22,082
mainly Depreciation (+€28,036) and Receivables within one year (+€11,105)
- Tangible fixed assets +€4,832
up €4,832 (+7.8%), from €61,963 to €66,795
of which Furniture and vehicles: +€3,626
- Other debts -€22,835
down €22,835 (-47.1%), from €48,469 to €25,634
- Profit (loss) carried forward +€10,224
up €10,224 (+29.9%), from €34,238 to €44,462
- Tax, wage and social debts +€8,897
up €8,897 (+135.0%), from €6,591 to €15,487
- Trade debts +€2,319
up €2,319 (+488.1%), from €475 to €2,794
- Gross operating margin +€8,623
up €8,623 (+22.1%), from €39,002 to €47,625
- Taxes +€2,257
up €2,257 (+59.5%), from €3,792 to €6,048
- Other operating charges +€1,016
up €1,016 (+53.0%), from €1,919 to €2,936
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 | €110,672 | €109,277 | -€1,395 | -1.3% |
| Fixed assets | 21/28 | €61,963 | €66,795 | +€4,832 | +7.8% |
| Tangible fixed assets | 22/27 | €61,963 | €66,795 | +€4,832 | +7.8% |
| Plant, machinery and equipment | 23 | €11,966 | €13,172 | +€1,206 | +10.1% |
| Furniture and vehicles | 24 | €49,997 | €53,623 | +€3,626 | +7.3% |
| Current assets | 29/58 | €48,709 | €42,482 | -€6,227 | -12.8% |
| Amounts receivable within one year | 40/41 | €31,505 | €20,400 | -€11,105 | -35.2% |
| Trade receivables | 40 | €24,624 | €19,000 | -€5,624 | -22.8% |
| Other amounts receivable | 41 | €6,881 | €1,400 | -€5,481 | -79.7% |
| Cash at bank and in hand | 54/58 | €17,204 | €22,082 | +€4,878 | +28.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €110,672 | €109,277 | -€1,395 | -1.3% |
| Equity | 10/15 | €55,138 | €65,362 | +€10,224 | +18.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,238 | €44,462 | +€10,224 | +29.9% |
| Amounts payable | 17/49 | €55,534 | €43,915 | -€11,619 | -20.9% |
| Amounts payable within one year | 42/48 | €55,534 | €43,915 | -€11,619 | -20.9% |
| Trade debts | 44 | €475 | €2,794 | +€2,319 | +488.1% |
| Suppliers | 440/4 | €475 | €2,794 | +€2,319 | +488.1% |
| Taxes, remuneration and social security | 45 | €6,591 | €15,487 | +€8,897 | +135.0% |
| Taxes | 450/3 | €6,591 | €15,487 | +€8,897 | +135.0% |
| Other amounts payable | 47/48 | €48,469 | €25,634 | -€22,835 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,856 | €28,036 | +€181 | +0.6% |
| Other operating charges | 640/8 | €1,919 | €2,936 | +€1,016 | +53.0% |
| Gross operating margin | 9900 | €39,002 | €47,625 | +€8,623 | +22.1% |
| Operating profit (loss) | 9901 | €9,227 | €16,653 | +€7,426 | +80.5% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €350 | €381 | +€31 | +8.7% |
| Recurring financial charges | 65 | €350 | €381 | +€31 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €8,884 | €16,272 | +€7,388 | +83.2% |
| Income taxes | 67/77 | €3,792 | €6,048 | +€2,257 | +59.5% |
| Profit (loss) for the period | 9904 | €5,092 | €10,224 | +€5,132 | +100.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,092 | €10,224 | +€5,132 | +100.8% |
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 6 October 2026 via checked.be.