MDG 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.
MDG CONSULTING
Largest movements
- Cash +€26,375
up €26,375 (+17.0%), from €155,187 to €181,561
mainly Other debts (+€52,855) and Net result for the year (+€44,117)
- Receivables after one year -€10,025
down €10,025 (-3.5%), from €287,548 to €277,522
- Other debts +€52,855
up €52,855 (+30.6%), from €172,450 to €225,305
- Reserves -€36,873
down €36,873 (-19.4%), from €190,146 to €153,273
- Gross operating margin -€14,729
down €14,729 (-19.7%), from €74,760 to €60,031
- Depreciation -€4,107
down €4,107 (-63.0%), from €6,520 to €2,413
- Taxes -€2,782
down €2,782 (-13.8%), from €20,227 to €17,446
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 | €467,213 | €481,064 | +€13,851 | +3.0% |
| Fixed assets | 21/28 | €7,479 | €4,866 | -€2,613 | -34.9% |
| Tangible fixed assets | 22/27 | €7,167 | €4,754 | -€2,413 | -33.7% |
| Land and buildings | 22 | €3,484 | €3,193 | -€290 | -8.3% |
| Plant, machinery and equipment | 23 | €787 | €22 | -€765 | -97.2% |
| Furniture and vehicles | 24 | €2,897 | €1,539 | -€1,357 | -46.9% |
| Financial fixed assets | 28 | €312 | €112 | -€200 | -64.1% |
| Current assets | 29/58 | €459,734 | €476,198 | +€16,464 | +3.6% |
| Amounts receivable after more than one year | 29 | €287,548 | €277,522 | -€10,025 | -3.5% |
| Other amounts receivable | 291 | €287,548 | €277,522 | -€10,025 | -3.5% |
| Amounts receivable within one year | 40/41 | €14,703 | €14,880 | +€177 | +1.2% |
| Trade receivables | 40 | €4,855 | €4,855 | = | 0.0% |
| Other amounts receivable | 41 | €9,848 | €10,025 | +€177 | +1.8% |
| Cash at bank and in hand | 54/58 | €155,187 | €181,561 | +€26,375 | +17.0% |
| Deferred charges and accrued income | 490/1 | €2,297 | €2,234 | -€63 | -2.7% |
| Total equity and liabilities | 10/49 | €467,213 | €481,064 | +€13,851 | +3.0% |
| Equity | 10/15 | €276,781 | €239,908 | -€36,873 | -13.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €190,146 | €153,273 | -€36,873 | -19.4% |
| Distributable reserves | 133 | €190,146 | €153,273 | -€36,873 | -19.4% |
| Profit (loss) carried forward | 14 | €72,374 | €72,374 | = | 0.0% |
| Amounts payable | 17/49 | €190,432 | €241,157 | +€50,724 | +26.6% |
| Amounts payable within one year | 42/48 | €190,432 | €241,157 | +€50,724 | +26.6% |
| Trade debts | 44 | €2,100 | €950 | -€1,150 | -54.8% |
| Suppliers | 440/4 | €2,100 | €950 | -€1,150 | -54.8% |
| Taxes, remuneration and social security | 45 | €15,883 | €14,902 | -€981 | -6.2% |
| Taxes | 450/3 | €15,883 | €14,902 | -€981 | -6.2% |
| Other amounts payable | 47/48 | €172,450 | €225,305 | +€52,855 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,520 | €2,413 | -€4,107 | -63.0% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €74,760 | €60,031 | -€14,729 | -19.7% |
| Operating profit (loss) | 9901 | €67,341 | €56,690 | -€10,651 | -15.8% |
| Financial income | 75/76B | €5,403 | €5,229 | -€174 | -3.2% |
| Recurring financial income | 75 | €5,403 | €5,229 | -€174 | -3.2% |
| Financial charges | 65/66B | €198 | €356 | +€159 | +80.2% |
| Recurring financial charges | 65 | €198 | €356 | +€159 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €72,547 | €61,563 | -€10,984 | -15.1% |
| Income taxes | 67/77 | €20,227 | €17,446 | -€2,782 | -13.8% |
| Profit (loss) for the period | 9904 | €52,320 | €44,117 | -€8,202 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,320 | €44,117 | -€8,202 | -15.7% |
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 27 October 2026 via checked.be.