MDHA 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.
MDHA CONSULTING
Largest movements
- Tangible fixed assets -€13,494
down €13,494 (-4.4%), from €306,115 to €292,622
of which Land and buildings: -€13,494
- Cash +€5,212
up €5,212 (+406%), from €1,282 to €6,495
mainly Net result for the year (+€91,532) and Depreciation (+€13,494)
- Profit (loss) carried forward +€91,532
up €91,532 (+85.5%), from -€107,086 to -€15,554
- Other debts -€82,126
down €82,126 (-86.5%), from €94,934 to €12,808
- Debts after one year -€12,615
down €12,615 (-4.3%), from €295,166 to €282,551
- Tax, wage and social debts -€3,235
down €3,235 (-45.1%), from €7,171 to €3,936
- Gross operating margin +€75,065
up €75,065 (+185%), from €40,640 to €115,705
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 | €319,434 | €312,320 | -€7,114 | -2.2% |
| Fixed assets | 21/28 | €306,115 | €292,622 | -€13,494 | -4.4% |
| Tangible fixed assets | 22/27 | €306,115 | €292,622 | -€13,494 | -4.4% |
| Land and buildings | 22 | €306,115 | €292,622 | -€13,494 | -4.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €13,319 | €19,698 | +€6,380 | +47.9% |
| Amounts receivable within one year | 40/41 | €10,377 | €11,475 | +€1,098 | +10.6% |
| Trade receivables | 40 | €10,360 | €11,470 | +€1,110 | +10.7% |
| Other amounts receivable | 41 | €17 | €5 | -€12 | -70.0% |
| Cash at bank and in hand | 54/58 | €1,282 | €6,495 | +€5,212 | +406% |
| Deferred charges and accrued income | 490/1 | €1,659 | €1,729 | +€70 | +4.2% |
| Total equity and liabilities | 10/49 | €319,434 | €312,320 | -€7,114 | -2.2% |
| Equity | 10/15 | -€92,831 | -€1,299 | +€91,532 | +98.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€107,086 | -€15,554 | +€91,532 | +85.5% |
| Amounts payable | 17/49 | €412,265 | €313,619 | -€98,646 | -23.9% |
| Amounts payable after more than one year | 17 | €295,166 | €282,551 | -€12,615 | -4.3% |
| Financial debts | 170/4 | €295,166 | €282,551 | -€12,615 | -4.3% |
| Amounts payable within one year | 42/48 | €117,099 | €31,068 | -€86,030 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €12,322 | €12,615 | +€294 | +2.4% |
| Trade debts | 44 | €2,672 | €1,709 | -€963 | -36.0% |
| Suppliers | 440/4 | €2,672 | €1,709 | -€963 | -36.0% |
| Taxes, remuneration and social security | 45 | €7,171 | €3,936 | -€3,235 | -45.1% |
| Taxes | 450/3 | €7,171 | €3,936 | -€3,235 | -45.1% |
| Other amounts payable | 47/48 | €94,934 | €12,808 | -€82,126 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,494 | €13,494 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,678 | €3,647 | +€969 | +36.2% |
| Gross operating margin | 9900 | €40,640 | €115,705 | +€75,065 | +185% |
| Operating profit (loss) | 9901 | €24,468 | €98,564 | +€74,096 | +303% |
| Financial charges | 65/66B | €7,795 | €6,803 | -€992 | -12.7% |
| Recurring financial charges | 65 | €7,795 | €6,803 | -€992 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €16,673 | €91,761 | +€75,088 | +450% |
| Income taxes | 67/77 | €219 | €229 | +€10 | +4.5% |
| Profit (loss) for the period | 9904 | €16,453 | €91,532 | +€75,079 | +456% |
| Profit (loss) for the period to be appropriated | 9905 | €16,453 | €91,532 | +€75,079 | +456% |
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 16 October 2026 via checked.be.