MDL PHI 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.
MDL PHI CONSULTING
Largest movements
- Intangible fixed assets -€28,685
no longer reported in 2025 (was €28,685)
- Receivables within one year +€14,640
up €14,640 (+74.5%), from €19,648 to €34,288
of which Trade receivables: +€18,240
- Cash +€8,527
up €8,527 (+11.7%), from €73,138 to €81,665
mainly Net result for the year (+€29,426) and Other debts (+€29,311)
- Tangible fixed assets +€2,149
up €2,149 (+696%), from €309 to €2,458
- Provisions -€38,774
down €38,774 (-70.1%), from €55,346 to €16,572
- Other debts +€29,311
new in 2025: €29,311
- Profit (loss) carried forward +€17,926
up €17,926, from -€17,848 to €79
- Current portion of long-term debt -€11,375
down €11,375 (-91.6%), from €12,420 to €1,045
- Tax, wage and social debts +€1,470
up €1,470 (+146%), from €1,005 to €2,475
- Provisions -€62,120
down €62,120, from €23,346 to -€38,774
- Financial charges +€32,777
up €32,777 (+141%), from €23,174 to €55,951
- Gross operating margin +€8,065
up €8,065 (+11.6%), from €69,397 to €77,461
- Taxes -€4,366
down €4,366 (-79.3%), from €5,505 to €1,139
- Depreciation -€1,756
down €1,756 (-5.7%), from €30,949 to €29,193
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 | €123,157 | €120,487 | -€2,669 | -2.2% |
| Fixed assets | 21/28 | €28,994 | €2,458 | -€26,535 | -91.5% |
| Intangible fixed assets | 21 | €28,685 | - | -€28,685 | |
| Tangible fixed assets | 22/27 | €309 | €2,458 | +€2,149 | +696% |
| Furniture and vehicles | 24 | €309 | €2,458 | +€2,149 | +696% |
| Current assets | 29/58 | €94,163 | €118,029 | +€23,866 | +25.3% |
| Amounts receivable within one year | 40/41 | €19,648 | €34,288 | +€14,640 | +74.5% |
| Trade receivables | 40 | €10,560 | €28,800 | +€18,240 | +173% |
| Other amounts receivable | 41 | €9,088 | €5,488 | -€3,600 | -39.6% |
| Cash at bank and in hand | 54/58 | €73,138 | €81,665 | +€8,527 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,377 | €2,077 | +€700 | +50.8% |
| Total equity and liabilities | 10/49 | €123,157 | €120,487 | -€2,669 | -2.2% |
| Equity | 10/15 | €53,152 | €71,079 | +€17,926 | +33.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,848 | €79 | +€17,926 | |
| Provisions and deferred taxes | 16 | €55,346 | €16,572 | -€38,774 | -70.1% |
| Provisions for liabilities and charges | 160/5 | €55,346 | €16,572 | -€38,774 | -70.1% |
| Other liabilities and charges | 164/5 | €55,346 | €16,572 | -€38,774 | -70.1% |
| Amounts payable | 17/49 | €14,658 | €32,837 | +€18,179 | +124% |
| Amounts payable after more than one year | 17 | €1,045 | - | -€1,045 | |
| Financial debts | 170/4 | €1,045 | - | -€1,045 | |
| Amounts payable within one year | 42/48 | €13,613 | €32,837 | +€19,224 | +141% |
| Current portion of amounts payable after more than one year | 42 | €12,420 | €1,045 | -€11,375 | -91.6% |
| Trade debts | 44 | €188 | €6 | -€182 | -97.1% |
| Suppliers | 440/4 | €188 | €6 | -€182 | -97.1% |
| Taxes, remuneration and social security | 45 | €1,005 | €2,475 | +€1,470 | +146% |
| Taxes | 450/3 | €1,005 | €2,475 | +€1,470 | +146% |
| Other amounts payable | 47/48 | - | €29,311 | +€29,311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,949 | €29,193 | -€1,756 | -5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,346 | -€38,774 | -€62,120 | |
| Other operating charges | 640/8 | €450 | €527 | +€76 | +16.9% |
| Gross operating margin | 9900 | €69,397 | €77,461 | +€8,065 | +11.6% |
| Operating profit (loss) | 9901 | €14,651 | €86,516 | +€71,865 | +491% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23,174 | €55,951 | +€32,777 | +141% |
| Recurring financial charges | 65 | €23,174 | €55,951 | +€32,777 | +141% |
| Profit (loss) for the period before taxes | 9903 | -€8,522 | €30,565 | +€39,088 | |
| Income taxes | 67/77 | €5,505 | €1,139 | -€4,366 | -79.3% |
| Profit (loss) for the period | 9904 | -€14,028 | €29,426 | +€43,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,028 | €29,426 | +€43,454 |
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 14 October 2026 via checked.be.