MGM 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.
MGM Consulting
Largest movements
- Receivables within one year +€51,721
up €51,721 (+204%), from €25,373 to €77,094
of which Trade receivables: +€26,721
- Cash +€9,973
up €9,973 (+4.0%), from €246,511 to €256,484
mainly Net result for the year (+€90,795) and Tax, wage and social debts (+€41,060)
- Reserves +€57,530
up €57,530 (+21.3%), from €270,588 to €328,118
of which Distributable reserves: +€57,530
- Tax, wage and social debts +€41,060
up €41,060 (+214%), from €19,152 to €60,212
- Debts after one year -€28,000
down €28,000 (-16.4%), from €170,666 to €142,666
- Turnover -€263,282
no longer reported in 2024 (was €263,282)
- Purchases and services -€117,627
no longer reported in 2024 (was €117,627)
- Gross operating margin +€9,718
up €9,718 (+5.8%), from €168,235 to €177,953
- Taxes +€8,381
up €8,381 (+23.6%), from €35,476 to €43,857
- Depreciation +€4,517
up €4,517 (+14.8%), from €30,503 to €35,020
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,122 | €662,506 | +€62,384 | +10.4% |
| Fixed assets | 21/28 | €322,152 | €321,711 | -€441 | -0.1% |
| Tangible fixed assets | 22/27 | €322,102 | €321,661 | -€441 | -0.1% |
| Furniture and vehicles | 24 | €3,759 | €25,959 | +€22,200 | +591% |
| Leasing and similar rights | 25 | €277,952 | €260,594 | -€17,358 | -6.2% |
| Other tangible fixed assets | 26 | €40,392 | €35,108 | -€5,284 | -13.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €277,969 | €340,795 | +€62,826 | +22.6% |
| Amounts receivable within one year | 40/41 | €25,373 | €77,094 | +€51,721 | +204% |
| Trade receivables | 40 | €25,373 | €52,094 | +€26,721 | +105% |
| Other amounts receivable | 41 | €0 | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €246,511 | €256,484 | +€9,973 | +4.0% |
| Deferred charges and accrued income | 490/1 | €6,085 | €7,217 | +€1,132 | +18.6% |
| Total equity and liabilities | 10/49 | €600,122 | €662,506 | +€62,384 | +10.4% |
| Equity | 10/15 | €368,506 | €426,081 | +€57,575 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,588 | €328,118 | +€57,530 | +21.3% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | €268,708 | €326,238 | +€57,530 | +21.4% |
| Profit (loss) carried forward | 14 | €91,718 | €91,763 | +€45 | 0.0% |
| Amounts payable | 17/49 | €231,616 | €236,425 | +€4,809 | +2.1% |
| Amounts payable after more than one year | 17 | €170,666 | €142,666 | -€28,000 | -16.4% |
| Financial debts | 170/4 | €170,666 | €142,666 | -€28,000 | -16.4% |
| Amounts payable within one year | 42/48 | €60,532 | €93,340 | +€32,808 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €27,736 | €28,000 | +€264 | +1.0% |
| Trade debts | 44 | €5,035 | €127 | -€4,908 | -97.5% |
| Suppliers | 440/4 | €5,035 | €127 | -€4,908 | -97.5% |
| Taxes, remuneration and social security | 45 | €19,152 | €60,212 | +€41,060 | +214% |
| Taxes | 450/3 | €19,152 | €60,212 | +€41,060 | +214% |
| Other amounts payable | 47/48 | €8,608 | €5,001 | -€3,607 | -41.9% |
| Accrued charges and deferred income | 492/3 | €419 | €419 | +€0 | +0.1% |
| Turnover | 70 | €263,282 | - | -€263,282 | |
| Goods, raw materials, services and sundry goods | 60/61 | €117,627 | - | -€117,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,503 | €35,020 | +€4,517 | +14.8% |
| Other operating charges | 640/8 | €3,325 | €3,405 | +€80 | +2.4% |
| Non-recurring operating charges | 66A | €25,000 | - | -€25,000 | |
| Gross operating margin | 9900 | €168,235 | €177,953 | +€9,718 | +5.8% |
| Operating profit (loss) | 9901 | €109,406 | €139,528 | +€30,122 | +27.5% |
| Financial income | 75/76B | €87 | - | -€87 | |
| Recurring financial income | 75 | €87 | - | -€87 | |
| Financial charges | 65/66B | €5,414 | €4,876 | -€538 | -9.9% |
| Recurring financial charges | 65 | €5,414 | €4,876 | -€538 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €104,079 | €134,652 | +€30,573 | +29.4% |
| Income taxes | 67/77 | €35,476 | €43,857 | +€8,381 | +23.6% |
| Profit (loss) for the period | 9904 | €68,603 | €90,795 | +€22,192 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,603 | €90,795 | +€22,192 | +32.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.