MESSAGE MANAGEMENT: what changed
What changed
MESSAGE MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€1.2m
2025 · €1.0m+€171,467
Equity
€14.8m
2025 · €13.7m+€1.2m
Cash
€15,004
2025 · €7,531+€7,473
Balance sheet total
€20.5m
2025 · €17.6m+€2.8m
Largest movements
Assets
- Financial fixed assets +€2.7m
up €2.7m (+15.4%), from €17.5m to €20.2m
Equity and liabilities
- Debts after one year +€2.1m
up €2.1m (+199%), from €1.0m to €3.1m
- Reserves +€1.2m
up €1.2m (+12.3%), from €9.7m to €10.8m
of which Distributable reserves: +€1.2m
- Other debts -€873,490
down €873,490 (-31.6%), from €2.8m to €1.9m
- Current portion of long-term debt +€416,667
new in 2026: €416,667
Income statement
- Services and other goods +€419,253
up €419,253 (+140%), from €299,995 to €719,248
- Turnover +€408,000
up €408,000 (+87.2%), from €468,000 to €876,000
- Financial income +€258,600
up €258,600 (+22.7%), from €1.1m to €1.4m
- Staff costs +€57,215
up €57,215 (+37.5%), from €152,429 to €209,644
- Financial charges +€13,993
up €13,993 (+9.3%), from €150,795 to €164,788
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€1.0m
Turnover
+€408,000
Other operating income
+€2,525
Services and other goods
-€419,253
Staff costs
-€57,215
Depreciation
-€5,402
Other operating charges
+€223
Other operating items
-€1,803
Financial income
+€258,600
Financial charges
-€13,993
Taxes
-€215
Result 2026
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€207,473
Investment
-€2.7m
Financing
+€2.5m
Cash 2025
€7,531
From operations (derived)
+€207,473
Net result for the year
+€1.2m
Depreciation
+€5,733
Receivables within one year
-€137,309
Smaller working-capital items
+€4,465
Tax, wage and social debts
+€23,874
Other debts
-€873,490
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
+€2.5m
Debts after one year
+€2.1m
Current portion of long-term debt
+€416,667
Cash 2026
€15,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,633,083 | €20,472,132 | +€2.8m | +16.1% |
| Fixed assets | 21/28 | €17,547,733 | €20,242,000 | +€2.7m | +15.4% |
| Tangible fixed assets | 22/27 | €1,868 | €1,135 | -€733 | -39.2% |
| Furniture and vehicles | 24 | €1,868 | €1,135 | -€733 | -39.2% |
| Financial fixed assets | 28 | €17,545,866 | €20,240,866 | +€2.7m | +15.4% |
| Affiliated companies | 280/1 | €17,545,866 | €20,240,866 | +€2.7m | +15.4% |
| Participating interests | 280 | €17,545,866 | €20,240,866 | +€2.7m | +15.4% |
| Current assets | 29/58 | €85,350 | €230,131 | +€144,782 | +170% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €77,372 | €214,680 | +€137,309 | +177% |
| Trade receivables | 40 | €72,400 | €199,667 | +€127,267 | +176% |
| Other amounts receivable | 41 | €4,972 | €15,014 | +€10,042 | +202% |
| Cash at bank and in hand | 54/58 | €7,531 | €15,004 | +€7,473 | +99.2% |
| Deferred charges and accrued income | 490/1 | €447 | €447 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,633,083 | €20,472,132 | +€2.8m | +16.1% |
| Equity | 10/15 | €13,655,659 | €14,839,859 | +€1.2m | +8.7% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €9,655,659 | €10,839,859 | +€1.2m | +12.3% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Distributable reserves | 133 | €9,255,659 | €10,439,859 | +€1.2m | +12.8% |
| Amounts payable | 17/49 | €3,977,424 | €5,632,272 | +€1.7m | +41.6% |
| Amounts payable after more than one year | 17 | €1,044,432 | €3,127,765 | +€2.1m | +199% |
| Financial debts | 170/4 | €1,044,432 | €3,127,765 | +€2.1m | +199% |
| Subordinated loans | 170 | - | €1,044,432 | +€1.0m | |
| Credit institutions | 173 | - | €2,083,333 | +€2.1m | |
| Other loans | 174 | €1,044,432 | €0 | -€1.0m | -100% |
| Amounts payable within one year | 42/48 | €2,906,373 | €2,477,985 | -€428,389 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | - | €416,667 | +€416,667 | |
| Trade debts | 44 | €109,816 | €114,377 | +€4,561 | +4.2% |
| Suppliers | 440/4 | €109,816 | €114,377 | +€4,561 | +4.2% |
| Taxes, remuneration and social security | 45 | €28,890 | €52,764 | +€23,874 | +82.6% |
| Taxes | 450/3 | €447 | €28,670 | +€28,223 | +6,314% |
| Remuneration and social security | 454/9 | €28,443 | €24,094 | -€4,349 | -15.3% |
| Other amounts payable | 47/48 | €2,767,666 | €1,894,177 | -€873,490 | -31.6% |
| Accrued charges and deferred income | 492/3 | €26,619 | €26,523 | -€96 | -0.4% |
| Operating income | 70/76A | €478,470 | €887,192 | +€408,721 | +85.4% |
| Turnover | 70 | €468,000 | €876,000 | +€408,000 | +87.2% |
| Other operating income | 74 | €8,667 | €11,192 | +€2,525 | +29.1% |
| Non-recurring operating income | 76A | €1,803 | €0 | -€1,803 | -100% |
| Operating charges | 60/66A | €455,478 | €937,125 | +€481,647 | +106% |
| Services and other goods | 61 | €299,995 | €719,248 | +€419,253 | +140% |
| Remuneration, social security and pensions | 62 | €152,429 | €209,644 | +€57,215 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €5,733 | +€5,402 | +1,630% |
| Other operating charges | 640/8 | €2,723 | €2,500 | -€223 | -8.2% |
| Operating profit (loss) | 9901 | €22,992 | -€49,933 | -€72,925 | |
| Financial income | 75/76B | €1,141,400 | €1,400,000 | +€258,600 | +22.7% |
| Recurring financial income | 75 | €1,141,400 | €1,400,000 | +€258,600 | +22.7% |
| Income from financial fixed assets | 750 | €1,141,391 | €1,400,000 | +€258,609 | +22.7% |
| Other financial income | 752/9 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €150,795 | €164,788 | +€13,993 | +9.3% |
| Recurring financial charges | 65 | €150,795 | €164,788 | +€13,993 | +9.3% |
| Debt charges | 650 | €150,596 | €161,629 | +€11,032 | +7.3% |
| Other financial charges | 652/9 | €199 | €3,159 | +€2,960 | +1,489% |
| Profit (loss) for the period before taxes | 9903 | €1,013,597 | €1,185,279 | +€171,682 | +16.9% |
| Income taxes | 67/77 | €864 | €1,079 | +€215 | +24.9% |
| Taxes | 670/3 | €864 | €1,079 | +€215 | +24.9% |
| Profit (loss) for the period | 9904 | €1,012,733 | €1,184,200 | +€171,467 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012,733 | €1,184,200 | +€171,467 | +16.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.