MDR 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.
MDR Consulting
Largest movements
- Current investments +€75,116
up €75,116 (+300%), from €25,019 to €100,134
- Cash -€55,940
down €55,940 (-31.0%), from €180,242 to €124,302
mainly Contributions, distributions and other (-€230,000) and Current investments (-€75,116)
- Receivables within one year +€26,756
up €26,756 (+130%), from €20,618 to €47,373
of which Trade receivables: +€24,761
- Other debts +€189,364
up €189,364 (+2,878%), from €6,580 to €195,944
- Reserves -€165,679
down €165,679 (-94.7%), from €175,003 to €9,324
- Tax, wage and social debts +€14,018
up €14,018 (+27.9%), from €50,259 to €64,277
- Accrued charges and deferred income +€9,001
up €9,001 (+1,500%), from €600 to €9,601
- Gross operating margin -€28,065
down €28,065 (-23.5%), from €119,505 to €91,441
- Taxes -€6,308
down €6,308 (-26.0%), from €24,238 to €17,930
- Depreciation -€2,427
down €2,427 (-22.4%), from €10,837 to €8,410
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 | €238,050 | €285,923 | +€47,874 | +20.1% |
| Fixed assets | 21/28 | €10,265 | €11,391 | +€1,126 | +11.0% |
| Intangible fixed assets | 21 | €2,487 | €1,552 | -€935 | -37.6% |
| Tangible fixed assets | 22/27 | €7,778 | €9,838 | +€2,060 | +26.5% |
| Furniture and vehicles | 24 | €7,778 | €9,838 | +€2,060 | +26.5% |
| Current assets | 29/58 | €227,784 | €274,532 | +€46,748 | +20.5% |
| Amounts receivable within one year | 40/41 | €20,618 | €47,373 | +€26,756 | +130% |
| Trade receivables | 40 | €20,493 | €45,254 | +€24,761 | +121% |
| Other amounts receivable | 41 | €125 | €2,119 | +€1,995 | +1,600% |
| Current investments | 50/53 | €25,019 | €100,134 | +€75,116 | +300% |
| Cash at bank and in hand | 54/58 | €180,242 | €124,302 | -€55,940 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,906 | €2,723 | +€816 | +42.8% |
| Total equity and liabilities | 10/49 | €238,050 | €285,923 | +€47,874 | +20.1% |
| Equity | 10/15 | €178,003 | €12,324 | -€165,679 | -93.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €175,003 | €9,324 | -€165,679 | -94.7% |
| Distributable reserves | 133 | €175,003 | €9,324 | -€165,679 | -94.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,046 | €273,599 | +€213,553 | +356% |
| Amounts payable within one year | 42/48 | €59,446 | €263,998 | +€204,552 | +344% |
| Trade debts | 44 | €2,607 | €3,777 | +€1,170 | +44.9% |
| Suppliers | 440/4 | €2,607 | €3,777 | +€1,170 | +44.9% |
| Taxes, remuneration and social security | 45 | €50,259 | €64,277 | +€14,018 | +27.9% |
| Taxes | 450/3 | €50,259 | €64,277 | +€14,018 | +27.9% |
| Other amounts payable | 47/48 | €6,580 | €195,944 | +€189,364 | +2,878% |
| Accrued charges and deferred income | 492/3 | €600 | €9,601 | +€9,001 | +1,500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,837 | €8,410 | -€2,427 | -22.4% |
| Other operating charges | 640/8 | €261 | €795 | +€534 | +204% |
| Gross operating margin | 9900 | €119,505 | €91,441 | -€28,065 | -23.5% |
| Operating profit (loss) | 9901 | €108,407 | €82,236 | -€26,171 | -24.1% |
| Financial income | 75/76B | €369 | €165 | -€204 | -55.2% |
| Recurring financial income | 75 | €369 | €165 | -€204 | -55.2% |
| Financial charges | 65/66B | €1,025 | €150 | -€875 | -85.4% |
| Recurring financial charges | 65 | €1,025 | €150 | -€875 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €107,752 | €82,251 | -€25,500 | -23.7% |
| Income taxes | 67/77 | €24,238 | €17,930 | -€6,308 | -26.0% |
| Profit (loss) for the period | 9904 | €83,513 | €64,321 | -€19,192 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,513 | €64,321 | -€19,192 | -23.0% |
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 19 October 2026 via checked.be.