MD-Consulting: 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.
MD-Consulting
Largest movements
- Cash -€46,610
down €46,610 (-31.8%), from €146,492 to €99,882
mainly Investment in fixed assets (net) (-€74,219) and Debts after one year (-€25,346)
- Tangible fixed assets +€32,951
up €32,951 (+5.8%), from €567,504 to €600,455
of which Furniture and vehicles: +€27,923
- Receivables within one year -€8,197
down €8,197 (-16.7%), from €49,095 to €40,898
of which Trade receivables: -€10,900
- Debts after one year -€25,346
down €25,346 (-12.1%), from €209,555 to €184,208
of which Other amounts payable: -€17,699
- Gross operating margin -€131,884
down €131,884 (-69.3%), from €190,394 to €58,509
- Taxes -€31,369
down €31,369 (-94.4%), from €33,241 to €1,873
- Depreciation +€9,605
up €9,605 (+30.3%), from €31,663 to €41,268
- Other operating charges +€2,290
up €2,290 (+37.8%), from €6,059 to €8,349
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.
Derived cash bridge
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 | €763,818 | €743,711 | -€20,107 | -2.6% |
| Fixed assets | 21/28 | €567,504 | €600,455 | +€32,951 | +5.8% |
| Tangible fixed assets | 22/27 | €567,504 | €600,455 | +€32,951 | +5.8% |
| Land and buildings | 22 | €561,276 | €566,936 | +€5,661 | +1.0% |
| Plant, machinery and equipment | 23 | €1,572 | €939 | -€633 | -40.3% |
| Furniture and vehicles | 24 | €4,656 | €32,579 | +€27,923 | +600% |
| Current assets | 29/58 | €196,315 | €143,256 | -€53,058 | -27.0% |
| Amounts receivable within one year | 40/41 | €49,095 | €40,898 | -€8,197 | -16.7% |
| Trade receivables | 40 | €29,739 | €18,838 | -€10,900 | -36.7% |
| Other amounts receivable | 41 | €19,356 | €22,059 | +€2,704 | +14.0% |
| Cash at bank and in hand | 54/58 | €146,492 | €99,882 | -€46,610 | -31.8% |
| Deferred charges and accrued income | 490/1 | €728 | €2,477 | +€1,749 | +240% |
| Total equity and liabilities | 10/49 | €763,818 | €743,711 | -€20,107 | -2.6% |
| Equity | 10/15 | €513,236 | €515,597 | +€2,361 | +0.5% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 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 | €496,776 | €499,137 | +€2,361 | +0.5% |
| Amounts payable | 17/49 | €250,583 | €228,114 | -€22,468 | -9.0% |
| Amounts payable after more than one year | 17 | €209,555 | €184,208 | -€25,346 | -12.1% |
| Financial debts | 170/4 | €113,705 | €106,058 | -€7,647 | -6.7% |
| Other amounts payable | 178/9 | €95,850 | €78,151 | -€17,699 | -18.5% |
| Amounts payable within one year | 42/48 | €40,628 | €43,906 | +€3,278 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €7,366 | €8,628 | +€1,263 | +17.1% |
| Financial debts | 43 | €1,326 | €2,250 | +€925 | +69.7% |
| Credit institutions | 430/8 | €1,326 | €2,250 | +€925 | +69.7% |
| Trade debts | 44 | €3,438 | €3,363 | -€75 | -2.2% |
| Suppliers | 440/4 | €3,438 | €3,363 | -€75 | -2.2% |
| Taxes, remuneration and social security | 45 | €12,298 | €12,843 | +€545 | +4.4% |
| Taxes | 450/3 | €11,309 | €9,810 | -€1,499 | -13.3% |
| Remuneration and social security | 454/9 | €989 | €3,033 | +€2,044 | +207% |
| Other amounts payable | 47/48 | €16,200 | €16,820 | +€620 | +3.8% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,663 | €41,268 | +€9,605 | +30.3% |
| Other operating charges | 640/8 | €6,059 | €8,349 | +€2,290 | +37.8% |
| Gross operating margin | 9900 | €190,394 | €58,509 | -€131,884 | -69.3% |
| Operating profit (loss) | 9901 | €152,672 | €8,892 | -€143,780 | -94.2% |
| Financial income | 75/76B | €534 | - | -€534 | |
| Recurring financial income | 75 | €534 | - | -€534 | |
| Financial charges | 65/66B | €4,838 | €4,658 | -€179 | -3.7% |
| Recurring financial charges | 65 | €4,838 | €4,658 | -€179 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €148,368 | €4,234 | -€144,134 | -97.1% |
| Income taxes | 67/77 | €33,241 | €1,873 | -€31,369 | -94.4% |
| Profit (loss) for the period | 9904 | €115,127 | €2,361 | -€112,766 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,127 | €2,361 | -€112,766 | -97.9% |
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 18 October 2026 via checked.be.