MD FINANCE CONSULT: what changed
MD FINANCE CONSULT
Largest movements
- Cash +€13,965
up €13,965 (+37.3%), from €37,473 to €51,437
mainly Other debts (+€60,427) and Net result for the year (+€30,919)
- Deferred charges and accrued income +€10,325
up €10,325 (+167%), from €6,178 to €16,503
- Receivables within one year +€5,697
up €5,697 (+57.7%), from €9,866 to €15,563
- Other debts +€60,427
up €60,427 (+3,269%), from €1,849 to €62,276
- Profit (loss) carried forward -€29,350
no longer reported in 2025 (was €29,350)
- Trade debts -€1,444
down €1,444 (-99.3%), from €1,454 to €10
- Gross operating margin +€40,778
up €40,778, from -€4,341 to €36,437
- Depreciation -€9,602
down €9,602 (-96.9%), from €9,911 to €310
- Taxes +€4,169
up €4,169 (+3,113%), from €134 to €4,303
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,470 | €84,103 | +€29,633 | +54.4% |
| Fixed assets | 21/28 | €954 | €601 | -€353 | -37.0% |
| Tangible fixed assets | 22/27 | €910 | €601 | -€310 | -34.0% |
| Furniture and vehicles | 24 | €910 | €601 | -€310 | -34.0% |
| Financial fixed assets | 28 | €43 | - | -€43 | |
| Current assets | 29/58 | €53,517 | €83,503 | +€29,986 | +56.0% |
| Amounts receivable within one year | 40/41 | €9,866 | €15,563 | +€5,697 | +57.7% |
| Other amounts receivable | 41 | €9,866 | €15,563 | +€5,697 | +57.7% |
| Cash at bank and in hand | 54/58 | €37,473 | €51,437 | +€13,965 | +37.3% |
| Deferred charges and accrued income | 490/1 | €6,178 | €16,503 | +€10,325 | +167% |
| Total equity and liabilities | 10/49 | €54,470 | €84,103 | +€29,633 | +54.4% |
| Equity | 10/15 | €51,168 | €21,818 | -€29,350 | -57.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,358 | €1,358 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,358 | €1,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,350 | - | -€29,350 | |
| Amounts payable | 17/49 | €3,303 | €62,286 | +€58,983 | +1,786% |
| Amounts payable within one year | 42/48 | €3,303 | €62,286 | +€58,983 | +1,786% |
| Trade debts | 44 | €1,454 | €10 | -€1,444 | -99.3% |
| Suppliers | 440/4 | €1,454 | €10 | -€1,444 | -99.3% |
| Other amounts payable | 47/48 | €1,849 | €62,276 | +€60,427 | +3,269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,911 | €310 | -€9,602 | -96.9% |
| Other operating charges | 640/8 | €865 | €644 | -€222 | -25.6% |
| Non-recurring operating charges | 66A | €368 | - | -€368 | |
| Gross operating margin | 9900 | -€4,341 | €36,437 | +€40,778 | |
| Operating profit (loss) | 9901 | -€15,485 | €35,484 | +€50,969 | |
| Financial charges | 65/66B | €301 | €261 | -€40 | -13.2% |
| Recurring financial charges | 65 | €301 | €261 | -€40 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,786 | €35,223 | +€51,009 | |
| Income taxes | 67/77 | €134 | €4,303 | +€4,169 | +3,113% |
| Profit (loss) for the period | 9904 | -€15,920 | €30,919 | +€46,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,920 | €30,919 | +€46,840 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.