MI - 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.
MI - CONSULTING
Largest movements
- Tangible fixed assets -€187,145
down €187,145 (-16.5%), from €1.1m to €949,184
of which Furniture and vehicles: -€152,122
- Cash +€152,403
up €152,403 (+253.5%), from €60,118 to €212,520
mainly Depreciation (+€87,253) and Receivables within one year (+€82,070)
- Receivables within one year -€82,070
down €82,070 (-49.3%), from €166,434 to €84,364
of which Trade receivables: -€102,924
- Financial fixed assets +€25,000
up €25,000 (+3126.6%), from €800 to €25,800
- Current investments +€25,000
up €25,000 (+79.5%), from €31,455 to €56,455
- Debts after one year -€37,734
down €37,734 (-31.1%), from €121,517 to €83,783
- Tax, wage and social debts -€28,340
down €28,340 (-80.9%), from €35,014 to €6,673
- Financial charges -€157,335
down €157,335 (-98.2%), from €160,149 to €2,814
of which Non-recurring financial charges: -€153,691
- Gross operating margin -€82,779
down €82,779 (-42.9%), from €193,085 to €110,307
- Depreciation +€17,443
up €17,443 (+25.0%), from €69,810 to €87,253
- Taxes +€7,379
up €7,379 (+1132.2%), from €652 to €8,031
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 | €1,398,233 | €1,332,102 | -€66,131 | -4.7% |
| Fixed assets | 21/28 | €1,137,129 | €974,983 | -€162,145 | -14.3% |
| Tangible fixed assets | 22/27 | €1,136,329 | €949,184 | -€187,145 | -16.5% |
| Land and buildings | 22 | €177,345 | €154,898 | -€22,448 | -12.7% |
| Plant, machinery and equipment | 23 | €40,723 | €35,222 | -€5,502 | -13.5% |
| Furniture and vehicles | 24 | €735,184 | €583,063 | -€152,122 | -20.7% |
| Assets under construction and advance payments | 27 | €183,076 | €176,002 | -€7,074 | -3.9% |
| Financial fixed assets | 28 | €800 | €25,800 | +€25,000 | +3126.6% |
| Current assets | 29/58 | €261,105 | €357,119 | +€96,014 | +36.8% |
| Amounts receivable within one year | 40/41 | €166,434 | €84,364 | -€82,070 | -49.3% |
| Trade receivables | 40 | €133,898 | €30,974 | -€102,924 | -76.9% |
| Other amounts receivable | 41 | €32,536 | €53,390 | +€20,854 | +64.1% |
| Current investments | 50/53 | €31,455 | €56,455 | +€25,000 | +79.5% |
| Cash at bank and in hand | 54/58 | €60,118 | €212,520 | +€152,403 | +253.5% |
| Deferred charges and accrued income | 490/1 | €3,098 | €3,779 | +€681 | +22.0% |
| Total equity and liabilities | 10/49 | €1,398,233 | €1,332,102 | -€66,131 | -4.7% |
| Equity | 10/15 | €1,188,380 | €1,195,426 | +€7,046 | +0.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,182,183 | €1,189,228 | +€7,045 | +0.6% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €220 | €220 | = | 0.0% |
| Distributable reserves | 133 | €1,179,236 | €1,186,281 | +€7,045 | +0.6% |
| Profit (loss) carried forward | 14 | - | €1 | +€1 | |
| Amounts payable | 17/49 | €209,853 | €136,676 | -€73,177 | -34.9% |
| Amounts payable after more than one year | 17 | €121,517 | €83,783 | -€37,734 | -31.1% |
| Financial debts | 170/4 | €121,517 | €83,783 | -€37,734 | -31.1% |
| Amounts payable within one year | 42/48 | €87,245 | €52,893 | -€34,352 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €39,307 | €37,734 | -€1,573 | -4.0% |
| Trade debts | 44 | €10,074 | €4,545 | -€5,529 | -54.9% |
| Suppliers | 440/4 | €10,074 | €4,545 | -€5,529 | -54.9% |
| Taxes, remuneration and social security | 45 | €35,014 | €6,673 | -€28,340 | -80.9% |
| Taxes | 450/3 | €35,014 | €6,673 | -€28,340 | -80.9% |
| Other amounts payable | 47/48 | €2,850 | €3,941 | +€1,091 | +38.3% |
| Accrued charges and deferred income | 492/3 | €1,091 | - | -€1,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,810 | €87,253 | +€17,443 | +25.0% |
| Other operating charges | 640/8 | €6,036 | €5,799 | -€237 | -3.9% |
| Gross operating margin | 9900 | €193,085 | €110,307 | -€82,779 | -42.9% |
| Operating profit (loss) | 9901 | €117,240 | €17,255 | -€99,985 | -85.3% |
| Financial income | 75/76B | €1,727 | €635 | -€1,092 | -63.2% |
| Recurring financial income | 75 | €1,727 | €635 | -€1,092 | -63.2% |
| Financial charges | 65/66B | €160,149 | €2,814 | -€157,335 | -98.2% |
| Recurring financial charges | 65 | €6,458 | €2,814 | -€3,644 | -56.4% |
| Non-recurring financial charges | 66B | €153,691 | - | -€153,691 | |
| Profit (loss) for the period before taxes | 9903 | -€41,182 | €15,076 | +€56,258 | |
| Income taxes | 67/77 | €652 | €8,031 | +€7,379 | +1132.2% |
| Profit (loss) for the period | 9904 | -€41,834 | €7,046 | +€48,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,834 | €7,046 | +€48,879 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.