MD CONSULTING & ENGINEERING: 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 & ENGINEERING
Largest movements
- Tangible fixed assets -€12,584
down €12,584 (-56.5%), from €22,258 to €9,673
of which Furniture and vehicles: -€12,555
- Receivables within one year -€7,495
down €7,495 (-23.5%), from €31,827 to €24,332
- Cash -€2,135
down €2,135 (-64.2%), from €3,325 to €1,191
mainly Net result for the year (-€19,094) and Tax, wage and social debts (-€3,379)
- Profit (loss) carried forward -€19,094
down €19,094 (-46.2%), from €41,305 to €22,211
- Tax, wage and social debts -€3,379
down €3,379 (-41.2%), from €8,208 to €4,829
- Gross operating margin -€35,799
down €35,799, from €30,084 to -€5,714
- Taxes -€4,896
down €4,896 (-100.0%), from €4,896 to €0
- Financial charges -€315
down €315 (-84.0%), from €375 to €60
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 | €57,936 | €35,722 | -€22,214 | -38.3% |
| Fixed assets | 21/28 | €22,258 | €9,673 | -€12,584 | -56.5% |
| Tangible fixed assets | 22/27 | €22,258 | €9,673 | -€12,584 | -56.5% |
| Furniture and vehicles | 24 | €20,304 | €7,748 | -€12,555 | -61.8% |
| Other tangible fixed assets | 26 | €1,954 | €1,925 | -€29 | -1.5% |
| Current assets | 29/58 | €35,678 | €26,048 | -€9,630 | -27.0% |
| Amounts receivable within one year | 40/41 | €31,827 | €24,332 | -€7,495 | -23.5% |
| Other amounts receivable | 41 | €31,827 | €24,332 | -€7,495 | -23.5% |
| Current investments | 50/53 | €525 | €525 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,325 | €1,191 | -€2,135 | -64.2% |
| Total equity and liabilities | 10/49 | €57,936 | €35,722 | -€22,214 | -38.3% |
| Equity | 10/15 | €49,365 | €30,271 | -€19,094 | -38.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Share premium | 1100/10 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Own shares acquired | 1312 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €41,305 | €22,211 | -€19,094 | -46.2% |
| Amounts payable | 17/49 | €8,571 | €5,451 | -€3,120 | -36.4% |
| Amounts payable within one year | 42/48 | €8,571 | €5,451 | -€3,120 | -36.4% |
| Trade debts | 44 | €363 | €622 | +€259 | +71.4% |
| Suppliers | 440/4 | €363 | €622 | +€259 | +71.4% |
| Taxes, remuneration and social security | 45 | €8,208 | €4,829 | -€3,379 | -41.2% |
| Taxes | 450/3 | €8,208 | €4,829 | -€3,379 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,854 | €12,854 | = | 0.0% |
| Other operating charges | 640/8 | €393 | €465 | +€73 | +18.5% |
| Gross operating margin | 9900 | €30,084 | -€5,714 | -€35,799 | |
| Operating profit (loss) | 9901 | €16,837 | -€19,034 | -€35,871 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -95.5% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.5% |
| Financial charges | 65/66B | €375 | €60 | -€315 | -84.0% |
| Recurring financial charges | 65 | €375 | €60 | -€315 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €16,465 | -€19,094 | -€35,559 | |
| Income taxes | 67/77 | €4,896 | €0 | -€4,896 | -100.0% |
| Profit (loss) for the period | 9904 | €11,570 | -€19,094 | -€30,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,570 | -€19,094 | -€30,664 |
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 2 October 2026 via checked.be.