MDRD 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.
MDRD Consulting
Largest movements
- Cash +€24,897
up €24,897 (+35.6%), from €69,856 to €94,753
mainly Net result for the year (+€44,402) and Other debts (+€15,658)
- Receivables within one year -€10,091
down €10,091 (-35.8%), from €28,187 to €18,096
of which Other amounts receivable: -€11,443
- Other debts +€15,658
up €15,658 (+48.8%), from €32,091 to €47,750
- Financial charges -€37,909
down €37,909 (-98.7%), from €38,414 to €505
- Gross operating margin -€16,976
down €16,976 (-22.3%), from €76,015 to €59,040
- Taxes +€4,069
up €4,069 (+51.4%), from €7,913 to €11,982
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 | €103,560 | €118,472 | +€14,912 | +14.4% |
| Fixed assets | 21/28 | €3,243 | €3,523 | +€280 | +8.6% |
| Tangible fixed assets | 22/27 | €3,243 | €3,523 | +€280 | +8.6% |
| Plant, machinery and equipment | 23 | - | €1,644 | +€1,644 | |
| Furniture and vehicles | 24 | €747 | - | -€747 | |
| Other tangible fixed assets | 26 | €2,496 | €1,879 | -€618 | -24.7% |
| Current assets | 29/58 | €100,317 | €114,949 | +€14,633 | +14.6% |
| Amounts receivable within one year | 40/41 | €28,187 | €18,096 | -€10,091 | -35.8% |
| Trade receivables | 40 | €16,226 | €17,578 | +€1,352 | +8.3% |
| Other amounts receivable | 41 | €11,961 | €518 | -€11,443 | -95.7% |
| Cash at bank and in hand | 54/58 | €69,856 | €94,753 | +€24,897 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,274 | €2,100 | -€174 | -7.6% |
| Total equity and liabilities | 10/49 | €103,560 | €118,472 | +€14,912 | +14.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €84,960 | €99,872 | +€14,912 | +17.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,960 | €49,872 | +€14,912 | +42.7% |
| Trade debts | 44 | €632 | €610 | -€22 | -3.5% |
| Suppliers | 440/4 | €632 | €610 | -€22 | -3.5% |
| Taxes, remuneration and social security | 45 | €2,236 | €1,513 | -€724 | -32.4% |
| Taxes | 450/3 | €2,236 | €1,513 | -€724 | -32.4% |
| Other amounts payable | 47/48 | €32,091 | €47,750 | +€15,658 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,186 | €1,375 | +€188 | +15.9% |
| Other operating charges | 640/8 | €760 | €776 | +€16 | +2.1% |
| Gross operating margin | 9900 | €76,015 | €59,040 | -€16,976 | -22.3% |
| Operating profit (loss) | 9901 | €74,069 | €56,889 | -€17,180 | -23.2% |
| Financial income | 75/76B | €219 | €0 | -€219 | -100.0% |
| Recurring financial income | 75 | €219 | €0 | -€219 | -100.0% |
| Financial charges | 65/66B | €38,414 | €505 | -€37,909 | -98.7% |
| Recurring financial charges | 65 | €38,414 | €505 | -€37,909 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €35,873 | €56,384 | +€20,511 | +57.2% |
| Income taxes | 67/77 | €7,913 | €11,982 | +€4,069 | +51.4% |
| Profit (loss) for the period | 9904 | €27,960 | €44,402 | +€16,442 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,960 | €44,402 | +€16,442 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.