MGMT 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.
MGMT Consult
Largest movements
- Tangible fixed assets +€577,427
up €577,427 (+2280.8%), from €25,317 to €602,744
of which Land and buildings: +€546,087
- Cash +€571,720
up €571,720 (+562.7%), from €101,598 to €673,318
mainly Debts after one year (+€519,890) and Receivables within one year (+€399,613)
- Receivables within one year -€399,613
down €399,613 (-80.5%), from €496,131 to €96,517
of which Other amounts receivable: -€432,242
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Debts after one year +€519,890
new in 2025: €519,890
- Profit (loss) carried forward +€103,010
up €103,010 (+10.5%), from €983,817 to €1.1m
- Current portion of long-term debt +€40,435
up €40,435 (+4681.9%), from €864 to €41,299
- Tax, wage and social debts -€31,397
down €31,397 (-74.2%), from €42,310 to €10,914
of which Taxes: -€31,714
- Other debts +€31,299
up €31,299 (+21.6%), from €145,000 to €176,299
- Gross operating margin +€36,085
up €36,085 (+13.0%), from €276,923 to €313,009
- Depreciation +€20,885
up €20,885 (+157.0%), from €13,299 to €34,184
- Financial charges +€19,130
up €19,130 (+700.4%), from €2,731 to €21,862
- Financial income -€10,678
down €10,678 (-69.6%), from €15,346 to €4,668
- Taxes -€7,935
down €7,935 (-20.4%), from €38,990 to €31,055
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 | €1,260,761 | €1,913,617 | +€652,855 | +51.8% |
| Fixed assets | 21/28 | €416,046 | €993,473 | +€577,427 | +138.8% |
| Tangible fixed assets | 22/27 | €25,317 | €602,744 | +€577,427 | +2280.8% |
| Land and buildings | 22 | €2,127 | €548,214 | +€546,087 | +25669.5% |
| Plant, machinery and equipment | 23 | €833 | €1,875 | +€1,043 | +125.2% |
| Furniture and vehicles | 24 | €15,091 | €46,375 | +€31,285 | +207.3% |
| Other tangible fixed assets | 26 | €7,266 | €6,279 | -€987 | -13.6% |
| Financial fixed assets | 28 | €390,729 | €390,729 | = | 0.0% |
| Current assets | 29/58 | €844,715 | €920,144 | +€75,428 | +8.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €496,131 | €96,517 | -€399,613 | -80.5% |
| Trade receivables | 40 | €47,432 | €80,061 | +€32,629 | +68.8% |
| Other amounts receivable | 41 | €448,698 | €16,456 | -€432,242 | -96.3% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €101,598 | €673,318 | +€571,720 | +562.7% |
| Deferred charges and accrued income | 490/1 | €46,987 | €50,309 | +€3,322 | +7.1% |
| Total equity and liabilities | 10/49 | €1,260,761 | €1,913,617 | +€652,855 | +51.8% |
| Equity | 10/15 | €1,035,392 | €1,138,401 | +€103,010 | +9.9% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €39,125 | €39,125 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,250 | €37,250 | = | 0.0% |
| Distributable reserves | 133 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €983,817 | €1,086,826 | +€103,010 | +10.5% |
| Amounts payable | 17/49 | €225,370 | €775,215 | +€549,845 | +244.0% |
| Amounts payable after more than one year | 17 | - | €519,890 | +€519,890 | |
| Financial debts | 170/4 | - | €519,890 | +€519,890 | |
| Amounts payable within one year | 42/48 | €225,370 | €253,025 | +€27,655 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €864 | €41,299 | +€40,435 | +4681.9% |
| Financial debts | 43 | €20,000 | €15,540 | -€4,460 | -22.3% |
| Credit institutions | 430/8 | €20,000 | €15,540 | -€4,460 | -22.3% |
| Trade debts | 44 | €17,196 | €8,974 | -€8,222 | -47.8% |
| Suppliers | 440/4 | €17,196 | €8,974 | -€8,222 | -47.8% |
| Taxes, remuneration and social security | 45 | €42,310 | €10,914 | -€31,397 | -74.2% |
| Taxes | 450/3 | €33,761 | €2,047 | -€31,714 | -93.9% |
| Remuneration and social security | 454/9 | €8,549 | €8,867 | +€318 | +3.7% |
| Other amounts payable | 47/48 | €145,000 | €176,299 | +€31,299 | +21.6% |
| Accrued charges and deferred income | 492/3 | - | €2,300 | +€2,300 | |
| Remuneration, social security and pensions | 62 | €72,170 | €76,835 | +€4,666 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,299 | €34,184 | +€20,885 | +157.0% |
| Other operating charges | 640/8 | €3,839 | €5,731 | +€1,893 | +49.3% |
| Gross operating margin | 9900 | €276,923 | €313,009 | +€36,085 | +13.0% |
| Operating profit (loss) | 9901 | €187,616 | €196,258 | +€8,642 | +4.6% |
| Financial income | 75/76B | €15,346 | €4,668 | -€10,678 | -69.6% |
| Recurring financial income | 75 | €15,346 | €4,668 | -€10,678 | -69.6% |
| Financial charges | 65/66B | €2,731 | €21,862 | +€19,130 | +700.4% |
| Recurring financial charges | 65 | €2,731 | €21,862 | +€19,130 | +700.4% |
| Profit (loss) for the period before taxes | 9903 | €200,231 | €179,065 | -€21,166 | -10.6% |
| Income taxes | 67/77 | €38,990 | €31,055 | -€7,935 | -20.4% |
| Profit (loss) for the period | 9904 | €161,241 | €148,010 | -€13,231 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €161,241 | €148,010 | -€13,231 | -8.2% |
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 2 October 2026 via checked.be.