MD Technical 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 Technical Consulting
Largest movements
- Cash +€46,519
up €46,519 (+114%), from €40,911 to €87,429
mainly Net result for the year (+€59,842) and Tax, wage and social debts (+€7,536)
- Receivables after one year +€20,000
new in 2025: €20,000
- Tangible fixed assets +€7,611
up €7,611 (+141%), from €5,387 to €12,998
- Receivables within one year -€5,679
down €5,679 (-34.9%), from €16,286 to €10,607
of which Trade receivables: -€5,719
- Deferred charges and accrued income +€2,256
up €2,256 (+66.2%), from €3,408 to €5,664
- Reserves +€59,009
up €59,009 (+155%), from €38,033 to €97,042
- Tax, wage and social debts +€7,536
up €7,536 (+31.3%), from €24,114 to €31,650
- Short-term financial debts +€2,235
up €2,235 (+842%), from €265 to €2,501
- Trade debts +€1,907
up €1,907 (+11,903%), from €16 to €1,923
- Gross operating margin +€34,317
up €34,317 (+59.6%), from €57,626 to €91,942
- Taxes +€9,077
up €9,077 (+56.4%), from €16,080 to €25,156
- Depreciation +€3,047
up €3,047 (+277%), from €1,101 to €4,148
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 | €65,992 | €136,699 | +€70,707 | +107% |
| Fixed assets | 21/28 | €5,387 | €12,998 | +€7,611 | +141% |
| Tangible fixed assets | 22/27 | €5,387 | €12,998 | +€7,611 | +141% |
| Plant, machinery and equipment | 23 | €5,387 | €12,998 | +€7,611 | +141% |
| Current assets | 29/58 | €60,605 | €123,701 | +€63,096 | +104% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €16,286 | €10,607 | -€5,679 | -34.9% |
| Trade receivables | 40 | €16,286 | €10,567 | -€5,719 | -35.1% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €40,911 | €87,429 | +€46,519 | +114% |
| Deferred charges and accrued income | 490/1 | €3,408 | €5,664 | +€2,256 | +66.2% |
| Total equity and liabilities | 10/49 | €65,992 | €136,699 | +€70,707 | +107% |
| Equity | 10/15 | €41,033 | €100,042 | +€59,009 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,033 | €97,042 | +€59,009 | +155% |
| Distributable reserves | 133 | €38,033 | €97,042 | +€59,009 | +155% |
| Amounts payable | 17/49 | €24,959 | €36,656 | +€11,697 | +46.9% |
| Amounts payable within one year | 42/48 | €24,959 | €36,656 | +€11,697 | +46.9% |
| Financial debts | 43 | €265 | €2,501 | +€2,235 | +842% |
| Credit institutions | 430/8 | €265 | €2,501 | +€2,235 | +842% |
| Trade debts | 44 | €16 | €1,923 | +€1,907 | +11,903% |
| Suppliers | 440/4 | €16 | €1,923 | +€1,907 | +11,903% |
| Taxes, remuneration and social security | 45 | €24,114 | €31,650 | +€7,536 | +31.3% |
| Taxes | 450/3 | €24,114 | €31,650 | +€7,536 | +31.3% |
| Other amounts payable | 47/48 | €564 | €583 | +€19 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,101 | €4,148 | +€3,047 | +277% |
| Other operating charges | 640/8 | €106 | €337 | +€231 | +218% |
| Non-recurring operating charges | 66A | - | €831 | +€831 | |
| Gross operating margin | 9900 | €57,626 | €91,942 | +€34,317 | +59.6% |
| Operating profit (loss) | 9901 | €56,418 | €86,626 | +€30,207 | +53.5% |
| Financial income | 75/76B | - | €753 | +€753 | |
| Recurring financial income | 75 | - | €753 | +€753 | |
| Financial charges | 65/66B | €1,506 | €2,380 | +€874 | +58.0% |
| Recurring financial charges | 65 | €1,506 | €2,380 | +€874 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €54,912 | €84,999 | +€30,086 | +54.8% |
| Income taxes | 67/77 | €16,080 | €25,156 | +€9,077 | +56.4% |
| Profit (loss) for the period | 9904 | €38,833 | €59,842 | +€21,009 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,833 | €59,842 | +€21,009 | +54.1% |
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 13 October 2026 via checked.be.