MF Consult: 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.
MF Consult
Largest movements
- Receivables within one year +€15,481
up €15,481 (+70.5%), from €21,967 to €37,448
of which Trade receivables: +€13,000
- Cash -€12,102
down €12,102 (-41.3%), from €29,276 to €17,174
mainly Receivables within one year (-€15,481) and Tax, wage and social debts (-€9,972)
- Financial fixed assets -€3,196
down €3,196 (-27.6%), from €11,596 to €8,400
- Tangible fixed assets -€1,360
down €1,360 (-34.8%), from €3,908 to €2,548
of which Plant, machinery and equipment: -€1,360
- Tax, wage and social debts -€9,972
down €9,972 (-98.2%), from €10,155 to €182
- Profit (loss) carried forward +€5,711
up €5,711 (+65.4%), from -€8,734 to -€3,023
- Current portion of long-term debt +€1,529
new in 2025: €1,529
- Trade debts +€1,229
up €1,229 (+38.3%), from €3,205 to €4,434
- Gross operating margin +€20,303
up €20,303, from -€11,504 to €8,799
- Other operating charges -€1,464
down €1,464 (-58.8%), from €2,490 to €1,026
- Financial income -€640
down €640 (-91.3%), from €701 to €61
- Financial charges +€487
up €487 (+523.6%), from €93 to €581
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 | €67,286 | €65,782 | -€1,504 | -2.2% |
| Fixed assets | 21/28 | €15,504 | €10,948 | -€4,556 | -29.4% |
| Tangible fixed assets | 22/27 | €3,908 | €2,548 | -€1,360 | -34.8% |
| Plant, machinery and equipment | 23 | €3,908 | €2,548 | -€1,360 | -34.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €11,596 | €8,400 | -€3,196 | -27.6% |
| Current assets | 29/58 | €51,783 | €54,834 | +€3,051 | +5.9% |
| Amounts receivable within one year | 40/41 | €21,967 | €37,448 | +€15,481 | +70.5% |
| Trade receivables | 40 | - | €13,000 | +€13,000 | |
| Other amounts receivable | 41 | €21,967 | €24,448 | +€2,481 | +11.3% |
| Cash at bank and in hand | 54/58 | €29,276 | €17,174 | -€12,102 | -41.3% |
| Deferred charges and accrued income | 490/1 | €540 | €212 | -€328 | -60.7% |
| Total equity and liabilities | 10/49 | €67,286 | €65,782 | -€1,504 | -2.2% |
| Equity | 10/15 | €53,926 | €59,637 | +€5,711 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,060 | €44,060 | = | 0.0% |
| Distributable reserves | 133 | €44,060 | €44,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,734 | -€3,023 | +€5,711 | +65.4% |
| Amounts payable | 17/49 | €13,360 | €6,145 | -€7,215 | -54.0% |
| Amounts payable within one year | 42/48 | €13,360 | €6,145 | -€7,215 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,529 | +€1,529 | |
| Trade debts | 44 | €3,205 | €4,434 | +€1,229 | +38.3% |
| Suppliers | 440/4 | €3,205 | €4,434 | +€1,229 | +38.3% |
| Taxes, remuneration and social security | 45 | €10,155 | €182 | -€9,972 | -98.2% |
| Taxes | 450/3 | €10,155 | €182 | -€9,972 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €1,360 | = | 0.0% |
| Other operating charges | 640/8 | €2,490 | €1,026 | -€1,464 | -58.8% |
| Gross operating margin | 9900 | -€11,504 | €8,799 | +€20,303 | |
| Operating profit (loss) | 9901 | -€15,354 | €6,413 | +€21,767 | |
| Financial income | 75/76B | €701 | €61 | -€640 | -91.3% |
| Recurring financial income | 75 | €701 | €61 | -€640 | -91.3% |
| Financial charges | 65/66B | €93 | €581 | +€487 | +523.6% |
| Recurring financial charges | 65 | €93 | €581 | +€487 | +523.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,746 | €5,893 | +€20,640 | |
| Income taxes | 67/77 | €68 | €182 | +€114 | +168.3% |
| Profit (loss) for the period | 9904 | -€14,814 | €5,711 | +€20,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,814 | €5,711 | +€20,525 |
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.