MDS Consult: 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.
MDS Consult
Largest movements
- Cash +€91,437
up €91,437 (+240%), from €38,175 to €129,611
mainly Net result for the year (+€96,910) and Receivables within one year (+€30,153)
- Receivables within one year -€30,153
down €30,153 (-37.7%), from €79,888 to €49,735
of which Trade receivables: -€30,811
- Tangible fixed assets -€11,032
down €11,032 (-13.2%), from €83,649 to €72,617
of which Furniture and vehicles: -€10,919
- Current investments +€10,000
new in 2025: €10,000
- Reserves +€95,170
up €95,170 (+223%), from €42,701 to €137,872
- Trade debts -€48,943
down €48,943 (-84.2%), from €58,105 to €9,162
- Tax, wage and social debts +€20,625
up €20,625 (+233%), from €8,848 to €29,473
- Debts after one year -€10,696
down €10,696 (-29.5%), from €36,272 to €25,576
- Other debts +€5,366
up €5,366 (+11.8%), from €45,306 to €50,672
- Gross operating margin +€80,767
up €80,767 (+118%), from €68,639 to €149,406
- Taxes +€19,314
up €19,314 (+178%), from €10,873 to €30,187
- Depreciation +€5,044
up €5,044 (+41.4%), from €12,197 to €17,241
- Financial charges +€2,126
up €2,126 (+73.7%), from €2,883 to €5,009
of which Financial charges: +€1,978
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 | €201,798 | €264,462 | +€62,665 | +31.1% |
| Fixed assets | 21/28 | €83,649 | €72,617 | -€11,032 | -13.2% |
| Tangible fixed assets | 22/27 | €83,649 | €72,617 | -€11,032 | -13.2% |
| Land and buildings | 22 | €31,444 | €31,426 | -€18 | -0.1% |
| Plant, machinery and equipment | 23 | €1,464 | €1,368 | -€96 | -6.5% |
| Furniture and vehicles | 24 | €50,741 | €39,822 | -€10,919 | -21.5% |
| Current assets | 29/58 | €118,149 | €191,846 | +€73,697 | +62.4% |
| Amounts receivable after more than one year | 29 | €87 | €0 | -€87 | -100% |
| Other amounts receivable | 291 | €87 | €0 | -€87 | -100% |
| Amounts receivable within one year | 40/41 | €79,888 | €49,735 | -€30,153 | -37.7% |
| Trade receivables | 40 | €79,888 | €49,077 | -€30,811 | -38.6% |
| Other amounts receivable | 41 | - | €658 | +€658 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €38,175 | €129,611 | +€91,437 | +240% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €201,798 | €264,462 | +€62,665 | +31.1% |
| Equity | 10/15 | €42,962 | €139,872 | +€96,910 | +226% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €42,701 | €137,872 | +€95,170 | +223% |
| Distributable reserves | 133 | €42,701 | €137,872 | +€95,170 | +223% |
| Profit (loss) carried forward | 14 | -€1,739 | €0 | +€1,739 | |
| Amounts payable | 17/49 | €158,836 | €124,591 | -€34,245 | -21.6% |
| Amounts payable after more than one year | 17 | €36,272 | €25,576 | -€10,696 | -29.5% |
| Financial debts | 170/4 | €36,272 | €25,576 | -€10,696 | -29.5% |
| Amounts payable within one year | 42/48 | €122,564 | €99,015 | -€23,549 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €10,305 | €9,707 | -€598 | -5.8% |
| Trade debts | 44 | €58,105 | €9,162 | -€48,943 | -84.2% |
| Suppliers | 440/4 | €58,105 | €9,162 | -€48,943 | -84.2% |
| Taxes, remuneration and social security | 45 | €8,848 | €29,473 | +€20,625 | +233% |
| Taxes | 450/3 | €8,848 | €29,473 | +€20,625 | +233% |
| Other amounts payable | 47/48 | €45,306 | €50,672 | +€5,366 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,197 | €17,241 | +€5,044 | +41.4% |
| Other operating charges | 640/8 | - | €59 | +€59 | |
| Gross operating margin | 9900 | €68,639 | €149,406 | +€80,767 | +118% |
| Operating profit (loss) | 9901 | €56,442 | €132,106 | +€75,663 | +134% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Non-recurring financial income | 76B | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €2,883 | €5,009 | +€2,126 | +73.7% |
| Recurring financial charges | 65 | €2,882 | €4,860 | +€1,978 | +68.6% |
| Non-recurring financial charges | 66B | €0 | €148 | +€148 | +49,387% |
| Profit (loss) for the period before taxes | 9903 | €53,575 | €127,097 | +€73,523 | +137% |
| Income taxes | 67/77 | €10,873 | €30,187 | +€19,314 | +178% |
| Profit (loss) for the period | 9904 | €42,701 | €96,910 | +€54,208 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €42,701 | €96,910 | +€54,208 | +127% |
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 17 October 2026 via checked.be.