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 +€4,712
up €4,712 (+8.5%), from €55,633 to €60,345
of which Trade receivables: +€6,867
- Deferred charges and accrued income -€2,408
no longer reported in 2025 (was €2,408)
- Debts after one year -€11,896
down €11,896 (-30.2%), from €39,441 to €27,545
- Advances received +€8,470
up €8,470 (+1694.0%), from €500 to €8,970
- Reserves +€7,445
up €7,445 (+7.6%), from €97,371 to €104,816
- Tax, wage and social debts -€3,198
down €3,198 (-41.1%), from €7,790 to €4,591
- Gross operating margin +€7,907
up €7,907 (+293.1%), from €2,698 to €10,605
- Taxes +€1,456
up €1,456 (+192.0%), from €758 to €2,214
- Financial income -€607
down €607 (-17.5%), from €3,463 to €2,856
- Financial charges -€549
down €549 (-17.3%), from €3,182 to €2,633
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 | €203,030 | €205,151 | +€2,121 | +1.0% |
| Fixed assets | 21/28 | €141,629 | €141,033 | -€596 | -0.4% |
| Tangible fixed assets | 22/27 | €2,314 | €1,718 | -€596 | -25.8% |
| Furniture and vehicles | 24 | €2,314 | €1,718 | -€596 | -25.8% |
| Financial fixed assets | 28 | €139,315 | €139,315 | = | 0.0% |
| Current assets | 29/58 | €61,401 | €64,118 | +€2,717 | +4.4% |
| Amounts receivable within one year | 40/41 | €55,633 | €60,345 | +€4,712 | +8.5% |
| Trade receivables | 40 | €133 | €7,000 | +€6,867 | +5176.6% |
| Other amounts receivable | 41 | €55,500 | €53,345 | -€2,156 | -3.9% |
| Cash at bank and in hand | 54/58 | €3,361 | €3,774 | +€413 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,408 | - | -€2,408 | |
| Total equity and liabilities | 10/49 | €203,030 | €205,151 | +€2,121 | +1.0% |
| Equity | 10/15 | €107,371 | €114,816 | +€7,445 | +6.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,371 | €104,816 | +€7,445 | +7.6% |
| Distributable reserves | 133 | €97,371 | €104,816 | +€7,445 | +7.6% |
| Amounts payable | 17/49 | €95,659 | €90,335 | -€5,324 | -5.6% |
| Amounts payable after more than one year | 17 | €39,441 | €27,545 | -€11,896 | -30.2% |
| Financial debts | 170/4 | €39,441 | €27,545 | -€11,896 | -30.2% |
| Amounts payable within one year | 42/48 | €56,217 | €62,707 | +€6,490 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €11,409 | €11,896 | +€487 | +4.3% |
| Trade debts | 44 | €44 | €775 | +€731 | +1676.7% |
| Suppliers | 440/4 | €44 | €775 | +€731 | +1676.7% |
| Advances received on contracts in progress | 46 | €500 | €8,970 | +€8,470 | +1694.0% |
| Taxes, remuneration and social security | 45 | €7,790 | €4,591 | -€3,198 | -41.1% |
| Taxes | 450/3 | €7,790 | €4,591 | -€3,198 | -41.1% |
| Other amounts payable | 47/48 | €36,475 | €36,475 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €596 | -€46 | -7.1% |
| Other operating charges | 640/8 | €563 | €573 | +€9 | +1.7% |
| Gross operating margin | 9900 | €2,698 | €10,605 | +€7,907 | +293.1% |
| Operating profit (loss) | 9901 | €1,493 | €9,436 | +€7,943 | +532.1% |
| Financial income | 75/76B | €3,463 | €2,856 | -€607 | -17.5% |
| Recurring financial income | 75 | €3,463 | €2,856 | -€607 | -17.5% |
| Financial charges | 65/66B | €3,182 | €2,633 | -€549 | -17.3% |
| Recurring financial charges | 65 | €3,182 | €2,633 | -€549 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,774 | €9,659 | +€7,885 | +444.6% |
| Income taxes | 67/77 | €758 | €2,214 | +€1,456 | +192.0% |
| Profit (loss) for the period | 9904 | €1,015 | €7,445 | +€6,429 | +633.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,015 | €7,445 | +€6,429 | +633.3% |
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 4 October 2026 via checked.be.