MD Information Security 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 Information Security Consulting
Largest movements
- Cash +€34,663
up €34,663 (+189%), from €18,369 to €53,032
mainly Net result for the year (+€41,461) and Debts after one year (+€15,000)
- Current investments +€15,000
up €15,000 (+21.4%), from €70,000 to €85,000
- Receivables after one year -€14,200
down €14,200 (-67.6%), from €21,000 to €6,800
- Receivables within one year -€5,784
down €5,784 (-21.3%), from €27,152 to €21,368
of which Trade receivables: -€5,784
- Tangible fixed assets -€3,825
down €3,825 (-30.3%), from €12,630 to €8,805
of which Furniture and vehicles: -€5,087
- Debts after one year +€15,000
new in 2024: €15,000
- Trade debts +€7,276
up €7,276 (+201%), from €3,626 to €10,902
- Profit (loss) carried forward +€2,461
up €2,461 (+2.1%), from €116,276 to €118,737
- Gross operating margin +€61,690
up €61,690, from -€12,760 to €48,930
- Taxes +€4,205
new in 2024: €4,205
- Financial income +€1,270
up €1,270 (+100%), from €1,268 to €2,538
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,966 | €180,269 | +€26,303 | +17.1% |
| Fixed assets | 21/28 | €12,655 | €8,830 | -€3,825 | -30.2% |
| Tangible fixed assets | 22/27 | €12,630 | €8,805 | -€3,825 | -30.3% |
| Plant, machinery and equipment | 23 | - | €1,262 | +€1,262 | |
| Furniture and vehicles | 24 | €12,630 | €7,543 | -€5,087 | -40.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €141,311 | €171,440 | +€30,129 | +21.3% |
| Amounts receivable after more than one year | 29 | €21,000 | €6,800 | -€14,200 | -67.6% |
| Other amounts receivable | 291 | €21,000 | €6,800 | -€14,200 | -67.6% |
| Amounts receivable within one year | 40/41 | €27,152 | €21,368 | -€5,784 | -21.3% |
| Trade receivables | 40 | €17,152 | €11,368 | -€5,784 | -33.7% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Current investments | 50/53 | €70,000 | €85,000 | +€15,000 | +21.4% |
| Cash at bank and in hand | 54/58 | €18,369 | €53,032 | +€34,663 | +189% |
| Deferred charges and accrued income | 490/1 | €4,790 | €5,239 | +€449 | +9.4% |
| Total equity and liabilities | 10/49 | €153,966 | €180,269 | +€26,303 | +17.1% |
| Equity | 10/15 | €136,736 | €139,197 | +€2,461 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,276 | €118,737 | +€2,461 | +2.1% |
| Amounts payable | 17/49 | €17,230 | €41,072 | +€23,842 | +138% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Other amounts payable | 178/9 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €17,230 | €26,072 | +€8,842 | +51.3% |
| Trade debts | 44 | €3,626 | €10,902 | +€7,276 | +201% |
| Suppliers | 440/4 | €3,626 | €10,902 | +€7,276 | +201% |
| Taxes, remuneration and social security | 45 | €13,351 | €14,984 | +€1,633 | +12.2% |
| Taxes | 450/3 | €13,351 | €14,984 | +€1,633 | +12.2% |
| Other amounts payable | 47/48 | €253 | €186 | -€67 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,784 | €5,168 | +€384 | +8.0% |
| Other operating charges | 640/8 | €601 | €537 | -€64 | -10.6% |
| Gross operating margin | 9900 | -€12,760 | €48,930 | +€61,690 | |
| Operating profit (loss) | 9901 | -€18,145 | €43,225 | +€61,370 | |
| Financial income | 75/76B | €1,268 | €2,538 | +€1,270 | +100% |
| Recurring financial income | 75 | €1,268 | €2,538 | +€1,270 | +100% |
| Financial charges | 65/66B | €188 | €97 | -€91 | -48.4% |
| Recurring financial charges | 65 | €188 | €97 | -€91 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,065 | €45,666 | +€62,731 | |
| Income taxes | 67/77 | - | €4,205 | +€4,205 | |
| Profit (loss) for the period | 9904 | -€17,065 | €41,461 | +€58,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,065 | €41,461 | +€58,526 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.