MLAM 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.
MLAM CONSULT
Largest movements
- Cash +€40,987
up €40,987 (+108.0%), from €37,968 to €78,955
mainly Net result for the year (+€27,591) and Current investments (+€22,500)
- Current investments -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Tangible fixed assets -€10,094
down €10,094 (-28.6%), from €35,301 to €25,206
of which Furniture and vehicles: -€9,147
- Receivables within one year -€4,306
down €4,306 (-30.6%), from €14,095 to €9,789
of which Trade receivables: -€4,577
- Profit (loss) carried forward +€13,591
up €13,591 (+24.7%), from €55,077 to €68,669
- Current portion of long-term debt -€7,052
down €7,052 (-58.3%), from €12,088 to €5,037
- Debts after one year -€5,037
down €5,037 (-100.0%), from €5,037 to €0
- Other debts +€4,276
up €4,276 (+55.9%), from €7,650 to €11,926
- Tax, wage and social debts -€1,766
down €1,766 (-15.5%), from €11,418 to €9,652
of which Taxes: -€1,766
- Gross operating margin -€2,591
down €2,591 (-5.2%), from €49,954 to €47,363
- Depreciation +€806
up €806 (+7.6%), from €10,681 to €11,487
- Taxes -€696
down €696 (-8.1%), from €8,551 to €7,854
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 | €112,422 | €116,987 | +€4,565 | +4.1% |
| Fixed assets | 21/28 | €35,351 | €25,257 | -€10,094 | -28.6% |
| Tangible fixed assets | 22/27 | €35,301 | €25,206 | -€10,094 | -28.6% |
| Plant, machinery and equipment | 23 | €1,855 | €908 | -€947 | -51.1% |
| Furniture and vehicles | 24 | €33,445 | €24,298 | -€9,147 | -27.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €77,071 | €91,730 | +€14,660 | +19.0% |
| Amounts receivable within one year | 40/41 | €14,095 | €9,789 | -€4,306 | -30.6% |
| Trade receivables | 40 | €12,119 | €7,542 | -€4,577 | -37.8% |
| Other amounts receivable | 41 | €1,976 | €2,247 | +€271 | +13.7% |
| Current investments | 50/53 | €22,500 | €0 | -€22,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,968 | €78,955 | +€40,987 | +108.0% |
| Deferred charges and accrued income | 490/1 | €2,508 | €2,986 | +€479 | +19.1% |
| Total equity and liabilities | 10/49 | €112,422 | €116,987 | +€4,565 | +4.1% |
| Equity | 10/15 | €75,482 | €89,074 | +€13,591 | +18.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,077 | €68,669 | +€13,591 | +24.7% |
| Amounts payable | 17/49 | €36,939 | €27,913 | -€9,026 | -24.4% |
| Amounts payable after more than one year | 17 | €5,037 | €0 | -€5,037 | -100.0% |
| Financial debts | 170/4 | €5,037 | €0 | -€5,037 | -100.0% |
| Amounts payable within one year | 42/48 | €31,902 | €27,731 | -€4,172 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €12,088 | €5,037 | -€7,052 | -58.3% |
| Trade debts | 44 | €746 | €1,116 | +€370 | +49.6% |
| Suppliers | 440/4 | €746 | €1,116 | +€370 | +49.6% |
| Taxes, remuneration and social security | 45 | €11,418 | €9,652 | -€1,766 | -15.5% |
| Taxes | 450/3 | €11,418 | €9,652 | -€1,766 | -15.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €7,650 | €11,926 | +€4,276 | +55.9% |
| Accrued charges and deferred income | 492/3 | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,681 | €11,487 | +€806 | +7.6% |
| Other operating charges | 640/8 | €471 | €400 | -€72 | -15.2% |
| Gross operating margin | 9900 | €49,954 | €47,363 | -€2,591 | -5.2% |
| Operating profit (loss) | 9901 | €38,802 | €35,477 | -€3,325 | -8.6% |
| Financial income | 75/76B | €484 | €45 | -€439 | -90.6% |
| Recurring financial income | 75 | €484 | €45 | -€439 | -90.6% |
| Financial charges | 65/66B | €64 | €76 | +€13 | +20.0% |
| Recurring financial charges | 65 | €64 | €76 | +€13 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €39,222 | €35,446 | -€3,777 | -9.6% |
| Income taxes | 67/77 | €8,551 | €7,854 | -€696 | -8.1% |
| Profit (loss) for the period | 9904 | €30,672 | €27,591 | -€3,081 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,672 | €27,591 | -€3,081 | -10.0% |
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 6 October 2026 via checked.be.