MD 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.
MD Consulting
Largest movements
- Current investments +€13,692
new in 2025: €13,692
- Cash +€10,255
up €10,255 (+46.2%), from €22,209 to €32,464
mainly Net result for the year (+€33,540) and Tax, wage and social debts (+€3,512)
- Tangible fixed assets +€2,946
up €2,946 (+54.1%), from €5,443 to €8,389
of which Land and buildings: +€4,616
- Reserves +€33,540
up €33,540 (+108.1%), from €31,023 to €64,563
- Other debts -€12,040
down €12,040 (-99.6%), from €12,094 to €54
- Tax, wage and social debts +€3,512
up €3,512 (+33.0%), from €10,647 to €14,159
of which Taxes: +€3,512
- Accrued charges and deferred income +€1,807
up €1,807 (+217.0%), from €833 to €2,640
- Gross operating margin +€3,210
up €3,210 (+7.4%), from €43,560 to €46,770
- Depreciation +€899
up €899 (+81.1%), from €1,108 to €2,007
- Financial charges -€477
down €477 (-33.7%), from €1,415 to €938
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 | €60,368 | €87,581 | +€27,213 | +45.1% |
| Fixed assets | 21/28 | €5,443 | €8,389 | +€2,946 | +54.1% |
| Tangible fixed assets | 22/27 | €5,443 | €8,389 | +€2,946 | +54.1% |
| Land and buildings | 22 | - | €4,616 | +€4,616 | |
| Plant, machinery and equipment | 23 | €1,130 | €846 | -€285 | -25.2% |
| Furniture and vehicles | 24 | €4,313 | €2,927 | -€1,386 | -32.1% |
| Current assets | 29/58 | €54,925 | €79,192 | +€24,267 | +44.2% |
| Amounts receivable within one year | 40/41 | €30,250 | €30,466 | +€216 | +0.7% |
| Trade receivables | 40 | €30,250 | €30,330 | +€80 | +0.3% |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Current investments | 50/53 | - | €13,692 | +€13,692 | |
| Cash at bank and in hand | 54/58 | €22,209 | €32,464 | +€10,255 | +46.2% |
| Deferred charges and accrued income | 490/1 | €2,466 | €2,571 | +€104 | +4.2% |
| Total equity and liabilities | 10/49 | €60,368 | €87,581 | +€27,213 | +45.1% |
| Equity | 10/15 | €36,023 | €69,563 | +€33,540 | +93.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,023 | €64,563 | +€33,540 | +108.1% |
| Distributable reserves | 133 | €31,023 | €64,563 | +€33,540 | +108.1% |
| Amounts payable | 17/49 | €24,345 | €18,018 | -€6,327 | -26.0% |
| Amounts payable within one year | 42/48 | €23,512 | €15,378 | -€8,135 | -34.6% |
| Trade debts | 44 | €771 | €1,165 | +€394 | +51.1% |
| Suppliers | 440/4 | €771 | €1,165 | +€394 | +51.1% |
| Taxes, remuneration and social security | 45 | €10,647 | €14,159 | +€3,512 | +33.0% |
| Taxes | 450/3 | €8,447 | €11,959 | +€3,512 | +41.6% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €12,094 | €54 | -€12,040 | -99.6% |
| Accrued charges and deferred income | 492/3 | €833 | €2,640 | +€1,807 | +217.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €2,007 | +€899 | +81.1% |
| Other operating charges | 640/8 | €112 | €62 | -€50 | -44.6% |
| Gross operating margin | 9900 | €43,560 | €46,770 | +€3,210 | +7.4% |
| Operating profit (loss) | 9901 | €42,340 | €44,701 | +€2,361 | +5.6% |
| Financial charges | 65/66B | €1,415 | €938 | -€477 | -33.7% |
| Recurring financial charges | 65 | €1,415 | €938 | -€477 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €40,925 | €43,763 | +€2,838 | +6.9% |
| Income taxes | 67/77 | €9,902 | €10,222 | +€320 | +3.2% |
| Profit (loss) for the period | 9904 | €31,023 | €33,540 | +€2,518 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,023 | €33,540 | +€2,518 | +8.1% |
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.