MDQA Consulting: what changed
Two fiscal 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.
MDQA Consulting
Largest movements
- Receivables within one year -€11,747
down €11,747 (-39.5%), from €29,720 to €17,973
of which Trade receivables: -€6,999
- Cash +€9,397
up €9,397 (+6.2%), from €151,413 to €160,810
mainly Other debts (+€78,044) and Net result for the year (+€45,939)
- Other debts +€78,044
new in 2025: €78,044
- Profit (loss) carried forward -€59,720
down €59,720 (-67.4%), from €88,582 to €28,862
- Tax, wage and social debts -€22,240
down €22,240 (-74.1%), from €30,021 to €7,780
- Gross operating margin -€15,801
down €15,801 (-20.7%), from €76,454 to €60,653
- Taxes -€3,449
down €3,449 (-22.1%), from €15,583 to €12,134
- Depreciation +€974
up €974 (+276.5%), from €352 to €1,326
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.
Cash bridge derived
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 | €187,838 | €184,245 | -€3,593 | -1.9% |
| Fixed assets | 21/28 | €5,850 | €4,523 | -€1,326 | -22.7% |
| Tangible fixed assets | 22/27 | €5,850 | €4,523 | -€1,326 | -22.7% |
| Furniture and vehicles | 24 | €5,850 | €4,523 | -€1,326 | -22.7% |
| Current assets | 29/58 | €181,988 | €179,721 | -€2,267 | -1.2% |
| Amounts receivable within one year | 40/41 | €29,720 | €17,973 | -€11,747 | -39.5% |
| Trade receivables | 40 | €22,106 | €15,107 | -€6,999 | -31.7% |
| Other amounts receivable | 41 | €7,614 | €2,866 | -€4,748 | -62.4% |
| Cash at bank and in hand | 54/58 | €151,413 | €160,810 | +€9,397 | +6.2% |
| Deferred charges and accrued income | 490/1 | €856 | €939 | +€83 | +9.7% |
| Total equity and liabilities | 10/49 | €187,838 | €184,245 | -€3,593 | -1.9% |
| Equity | 10/15 | €157,637 | €97,917 | -€59,720 | -37.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €67,055 | €67,055 | = | 0.0% |
| Distributable reserves | 133 | €67,055 | €67,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,582 | €28,862 | -€59,720 | -67.4% |
| Amounts payable | 17/49 | €30,201 | €86,327 | +€56,127 | +185.8% |
| Amounts payable within one year | 42/48 | €30,201 | €86,327 | +€56,127 | +185.8% |
| Trade debts | 44 | €180 | €502 | +€323 | +179.2% |
| Suppliers | 440/4 | €180 | €502 | +€323 | +179.2% |
| Taxes, remuneration and social security | 45 | €30,021 | €7,780 | -€22,240 | -74.1% |
| Taxes | 450/3 | €30,021 | €7,780 | -€22,240 | -74.1% |
| Other amounts payable | 47/48 | - | €78,044 | +€78,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €1,326 | +€974 | +276.5% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €76,454 | €60,653 | -€15,801 | -20.7% |
| Operating profit (loss) | 9901 | €76,102 | €58,927 | -€17,174 | -22.6% |
| Financial income | 75/76B | €383 | €104 | -€279 | -72.8% |
| Recurring financial income | 75 | €383 | €104 | -€279 | -72.8% |
| Financial charges | 65/66B | €953 | €958 | +€6 | +0.6% |
| Recurring financial charges | 65 | €953 | €958 | +€6 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €75,531 | €58,073 | -€17,459 | -23.1% |
| Income taxes | 67/77 | €15,583 | €12,134 | -€3,449 | -22.1% |
| Profit (loss) for the period | 9904 | €59,949 | €45,939 | -€14,010 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,949 | €45,939 | -€14,010 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.