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
- Cash -€14,093
down €14,093 (-100.0%), from €14,093 to €0
mainly Other debts (-€49,903) and Debts after one year (-€9,724)
- Tangible fixed assets -€9,134
down €9,134 (-32.0%), from €28,566 to €19,433
of which Leasing and similar rights: -€4,887
- Receivables within one year -€2,116
down €2,116 (-2.0%), from €108,053 to €105,937
of which Other amounts receivable: -€2,086
- Other debts -€49,903
down €49,903 (-100.0%), from €49,903 to €0
- Reserves +€34,808
up €34,808 (+71.9%), from €48,407 to €83,215
of which Distributable reserves: +€34,808
- Debts after one year -€9,724
down €9,724 (-71.4%), from €13,617 to €3,893
- Tax, wage and social debts -€6,201
down €6,201 (-40.2%), from €15,440 to €9,239
of which Taxes: -€3,790
- Short-term financial debts +€5,170
new in 2025: €5,170
- Gross operating margin +€24,627
up €24,627 (+76.5%), from €32,199 to €56,826
- Taxes +€9,274
up €9,274 (+118.4%), from €7,832 to €17,107
- Financial charges -€1,107
down €1,107 (-44.3%), from €2,498 to €1,391
- Financial income +€864
up €864 (+17.6%), from €4,918 to €5,783
- Depreciation +€857
up €857 (+10.4%), from €8,277 to €9,134
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 | €152,539 | €126,491 | -€26,049 | -17.1% |
| Fixed assets | 21/28 | €28,566 | €19,433 | -€9,134 | -32.0% |
| Tangible fixed assets | 22/27 | €28,566 | €19,433 | -€9,134 | -32.0% |
| Furniture and vehicles | 24 | €13,284 | €9,037 | -€4,247 | -32.0% |
| Leasing and similar rights | 25 | €15,282 | €10,395 | -€4,887 | -32.0% |
| Current assets | 29/58 | €123,973 | €107,058 | -€16,915 | -13.6% |
| Amounts receivable within one year | 40/41 | €108,053 | €105,937 | -€2,116 | -2.0% |
| Trade receivables | 40 | €3,328 | €3,298 | -€30 | -0.9% |
| Other amounts receivable | 41 | €104,725 | €102,639 | -€2,086 | -2.0% |
| Cash at bank and in hand | 54/58 | €14,093 | €0 | -€14,093 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,828 | €1,122 | -€706 | -38.6% |
| Total equity and liabilities | 10/49 | €152,539 | €126,491 | -€26,049 | -17.1% |
| Equity | 10/15 | €60,807 | €95,615 | +€34,808 | +57.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,407 | €83,215 | +€34,808 | +71.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €46,552 | €81,360 | +€34,808 | +74.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,732 | €30,876 | -€60,856 | -66.3% |
| Amounts payable after more than one year | 17 | €13,617 | €3,893 | -€9,724 | -71.4% |
| Financial debts | 170/4 | €13,617 | €3,893 | -€9,724 | -71.4% |
| Amounts payable within one year | 42/48 | €78,115 | €26,982 | -€51,133 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €11,986 | €12,259 | +€272 | +2.3% |
| Financial debts | 43 | - | €5,170 | +€5,170 | |
| Credit institutions | 430/8 | - | €5,170 | +€5,170 | |
| Trade debts | 44 | €785 | €314 | -€471 | -60.0% |
| Suppliers | 440/4 | €785 | €314 | -€471 | -60.0% |
| Taxes, remuneration and social security | 45 | €15,440 | €9,239 | -€6,201 | -40.2% |
| Taxes | 450/3 | €13,029 | €9,239 | -€3,790 | -29.1% |
| Remuneration and social security | 454/9 | €2,411 | €0 | -€2,411 | -100.0% |
| Other amounts payable | 47/48 | €49,903 | €0 | -€49,903 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,277 | €9,134 | +€857 | +10.4% |
| Other operating charges | 640/8 | €119 | €170 | +€51 | +43.3% |
| Non-recurring operating charges | 66A | €999 | €0 | -€999 | -100.0% |
| Gross operating margin | 9900 | €32,199 | €56,826 | +€24,627 | +76.5% |
| Operating profit (loss) | 9901 | €22,805 | €47,523 | +€24,718 | +108.4% |
| Financial income | 75/76B | €4,918 | €5,783 | +€864 | +17.6% |
| Recurring financial income | 75 | €4,918 | €5,783 | +€864 | +17.6% |
| Financial charges | 65/66B | €2,498 | €1,391 | -€1,107 | -44.3% |
| Recurring financial charges | 65 | €2,498 | €1,391 | -€1,107 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €25,226 | €51,915 | +€26,689 | +105.8% |
| Income taxes | 67/77 | €7,832 | €17,107 | +€9,274 | +118.4% |
| Profit (loss) for the period | 9904 | €17,393 | €34,808 | +€17,415 | +100.1% |
| Transfer from tax-exempt reserves | 789 | €1,173 | €0 | -€1,173 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,567 | €34,808 | +€16,241 | +87.5% |
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 3 October 2026 via checked.be.