MLO International: 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.
What changed
MLO International
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,780
2024 · -€130,826+€156,606
Equity
€28.5m
2024 · €28.4m+€25,780
Cash
€4.2m
2024 · €2.5m+€1.7m
Balance sheet total
€29.9m
2024 · €29.9m-€33,909
Largest movements
Assets
- Cash +€1.7m
up €1.7m (+66.1%), from €2.5m to €4.2m
mainly Current investments (+€953,564) and Receivables within one year (+€474,914)
- Current investments -€953,564
down €953,564 (-14.3%), from €6.6m to €5.7m
- Receivables within one year -€474,914
down €474,914 (-19.2%), from €2.5m to €2.0m
of which Other amounts receivable: -€479,366
- Tangible fixed assets -€429,344
down €429,344 (-31.7%), from €1.4m to €927,063
of which Land and buildings: -€462,828
- Intangible fixed assets -€356,172
down €356,172 (-21.8%), from €1.6m to €1.3m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€272,345
up €272,345 (+50.5%), from €539,146 to €811,490
- Services and other goods -€216,099
no longer reported in 2025 (was €216,099)
- Gross operating margin -€171,045
new in 2025: -€171,045
- Taxes +€100,810
up €100,810 (+1,423%), from €7,084 to €107,894
- Financial charges +€49,233
up €49,233 (+94.5%), from €52,071 to €101,304
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.
Result 2024
-€130,826
Depreciation
+€11,292
Other operating charges
-€755
Other operating items
+€23,767
Financial income
+€272,345
Financial charges
-€49,233
Taxes
-€100,810
Result 2025
€25,780
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€745,114
Investment
+€1.2m
Financing
-€239,921
Cash 2024
€2.5m
From operations (derived)
+€745,114
Net result for the year
+€25,780
Depreciation
+€400,122
Receivables after one year
-€338,916
Receivables within one year
+€474,914
Deferred charges and accrued income
+€2,981
Trade debts
-€19,698
Smaller working-capital items
-€1,937
Other debts
+€201,867
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€226,144
Current investments
+€953,564
Financing
-€239,921
Debts after one year
-€240,236
Current portion of long-term debt
+€645
Short-term financial debts
-€330
Cash 2025
€4.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,898,020 | €29,864,111 | -€33,909 | -0.1% |
| Fixed assets | 21/28 | €11,687,345 | €11,061,078 | -€626,267 | -5.4% |
| Intangible fixed assets | 21 | €1,633,513 | €1,277,341 | -€356,172 | -21.8% |
| Tangible fixed assets | 22/27 | €1,356,407 | €927,063 | -€429,344 | -31.7% |
| Land and buildings | 22 | €1,344,849 | €882,020 | -€462,828 | -34.4% |
| Plant, machinery and equipment | 23 | €3,454 | €2,223 | -€1,231 | -35.6% |
| Furniture and vehicles | 24 | €8,105 | €42,819 | +€34,715 | +428% |
| Financial fixed assets | 28 | €8,697,425 | €8,856,675 | +€159,250 | +1.8% |
| Affiliated companies | 280/1 | €8,697,175 | - | -€8.7m | |
| Participating interests | 280 | €8,697,175 | - | -€8.7m | |
| Other financial fixed assets | 284/8 | €250 | - | -€250 | |
| Amounts receivable and cash guarantees | 285/8 | €250 | - | -€250 | |
| Current assets | 29/58 | €18,210,675 | €18,803,033 | +€592,358 | +3.3% |
| Amounts receivable after more than one year | 29 | €6,354,995 | €6,693,911 | +€338,916 | +5.3% |
| Other amounts receivable | 291 | €6,354,995 | €6,693,911 | +€338,916 | +5.3% |
| Amounts receivable within one year | 40/41 | €2,475,846 | €2,000,932 | -€474,914 | -19.2% |
| Trade receivables | 40 | €77,185 | €81,637 | +€4,452 | +5.8% |
| Other amounts receivable | 41 | €2,398,660 | €1,919,295 | -€479,366 | -20.0% |
| Current investments | 50/53 | €6,649,090 | €5,695,526 | -€953,564 | -14.3% |
| Other investments | 51/53 | €6,649,090 | - | -€6.6m | |
| Cash at bank and in hand | 54/58 | €2,548,545 | €4,233,447 | +€1.7m | +66.1% |
| Deferred charges and accrued income | 490/1 | €182,200 | €179,218 | -€2,981 | -1.6% |
| Total equity and liabilities | 10/49 | €29,898,020 | €29,864,111 | -€33,909 | -0.1% |
| Equity | 10/15 | €28,445,313 | €28,471,093 | +€25,780 | +0.1% |
| Contributions | 10/11 | €3,701,131 | €3,701,131 | = | 0.0% |
| Capital | 10 | €3,701,131 | €3,701,131 | = | 0.0% |
| Issued capital | 100 | €3,701,131 | €3,701,131 | = | 0.0% |
| Reserves | 13 | €24,744,181 | €24,769,961 | +€25,780 | +0.1% |
| Non-distributable reserves | 130/1 | €370,113 | €370,113 | = | 0.0% |
| Legal reserve | 130 | €370,113 | €370,113 | = | 0.0% |
| Tax-exempt reserves | 132 | €51 | €51 | = | 0.0% |
| Distributable reserves | 133 | €24,374,018 | €24,399,798 | +€25,780 | +0.1% |
| Amounts payable | 17/49 | €1,452,707 | €1,393,019 | -€59,689 | -4.1% |
| Amounts payable after more than one year | 17 | €723,956 | €483,719 | -€240,236 | -33.2% |
| Financial debts | 170/4 | €150,645 | €109,458 | -€41,187 | -27.3% |
| Credit institutions | 173 | €150,645 | - | -€150,645 | |
| Other amounts payable | 178/9 | €573,311 | €374,261 | -€199,050 | -34.7% |
| Amounts payable within one year | 42/48 | €707,528 | €888,514 | +€180,986 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €40,542 | €41,187 | +€645 | +1.6% |
| Financial debts | 43 | €418 | €88 | -€330 | -79.0% |
| Credit institutions | 430/8 | €418 | €88 | -€330 | -79.0% |
| Trade debts | 44 | €40,383 | €20,685 | -€19,698 | -48.8% |
| Suppliers | 440/4 | €40,383 | €20,685 | -€19,698 | -48.8% |
| Taxes, remuneration and social security | 45 | €1,561 | €62 | -€1,499 | -96.0% |
| Taxes | 450/3 | €1,561 | €62 | -€1,499 | -96.0% |
| Other amounts payable | 47/48 | €624,626 | €826,493 | +€201,867 | +32.3% |
| Accrued charges and deferred income | 492/3 | €21,223 | €20,785 | -€438 | -2.1% |
| Operating income | 70/76A | €26,702 | - | -€26,702 | |
| Other operating income | 74 | €3,690 | - | -€3,690 | |
| Non-recurring operating income | 76A | €23,012 | €1,702 | -€21,311 | -92.6% |
| Operating charges | 60/66A | €637,518 | - | -€637,518 | |
| Services and other goods | 61 | €216,099 | - | -€216,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411,414 | €400,122 | -€11,292 | -2.7% |
| Other operating charges | 640/8 | €4,591 | €5,346 | +€755 | +16.4% |
| Non-recurring operating charges | 66A | €5,414 | - | -€5,414 | |
| Gross operating margin | 9900 | - | -€171,045 | -€171,045 | |
| Operating profit (loss) | 9901 | -€610,816 | -€576,513 | +€34,304 | +5.6% |
| Financial income | 75/76B | €539,146 | €811,490 | +€272,345 | +50.5% |
| Recurring financial income | 75 | €539,146 | €811,490 | +€272,345 | +50.5% |
| Income from financial fixed assets | 750 | €65,764 | - | -€65,764 | |
| Income from current assets | 751 | €462,383 | - | -€462,383 | |
| Other financial income | 752/9 | €10,998 | - | -€10,998 | |
| Financial charges | 65/66B | €52,071 | €101,304 | +€49,233 | +94.5% |
| Recurring financial charges | 65 | €52,071 | €101,304 | +€49,233 | +94.5% |
| Debt charges | 650 | €52,071 | - | -€52,071 | |
| Profit (loss) for the period before taxes | 9903 | -€123,742 | €133,673 | +€257,415 | |
| Income taxes | 67/77 | €7,084 | €107,894 | +€100,810 | +1,423% |
| Taxes | 670/3 | €7,084 | - | -€7,084 | |
| Profit (loss) for the period | 9904 | -€130,826 | €25,780 | +€156,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,826 | €25,780 | +€156,606 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.