MNO CONSULT: 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.
MNO CONSULT
Largest movements
- Cash +€53,927
up €53,927 (+6.9%), from €784,861 to €838,788
mainly Net result for the year (+€81,777) and Depreciation (+€1,009)
- Receivables within one year +€15,267
up €15,267 (+83.6%), from €18,261 to €33,528
of which Other amounts receivable: +€9,350
- Reserves +€81,777
up €81,777 (+11.3%), from €724,820 to €806,597
- Other debts -€10,195
down €10,195 (-64.5%), from €15,798 to €5,604
- Gross operating margin -€16,961
down €16,961 (-13.5%), from €125,265 to €108,303
- Taxes -€7,219
down €7,219 (-17.9%), from €40,317 to €33,098
- Depreciation -€4,280
down €4,280 (-80.9%), from €5,289 to €1,009
- Financial income +€3,821
up €3,821 (+64.8%), from €5,892 to €9,713
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,916 | €875,579 | +€71,662 | +8.9% |
| Fixed assets | 21/28 | €794 | €3,262 | +€2,468 | +311% |
| Tangible fixed assets | 22/27 | €794 | €3,262 | +€2,468 | +311% |
| Plant, machinery and equipment | 23 | €794 | €3,262 | +€2,468 | +311% |
| Current assets | 29/58 | €803,122 | €872,317 | +€69,194 | +8.6% |
| Amounts receivable within one year | 40/41 | €18,261 | €33,528 | +€15,267 | +83.6% |
| Trade receivables | 40 | €18,261 | €24,178 | +€5,917 | +32.4% |
| Other amounts receivable | 41 | - | €9,350 | +€9,350 | |
| Cash at bank and in hand | 54/58 | €784,861 | €838,788 | +€53,927 | +6.9% |
| Total equity and liabilities | 10/49 | €803,916 | €875,579 | +€71,662 | +8.9% |
| Equity | 10/15 | €737,220 | €818,997 | +€81,777 | +11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €724,820 | €806,597 | +€81,777 | +11.3% |
| Distributable reserves | 133 | €724,820 | €806,597 | +€81,777 | +11.3% |
| Amounts payable | 17/49 | €66,696 | €56,581 | -€10,115 | -15.2% |
| Amounts payable within one year | 42/48 | €66,696 | €56,581 | -€10,115 | -15.2% |
| Trade debts | 44 | €1,473 | €1,355 | -€118 | -8.0% |
| Suppliers | 440/4 | €1,473 | €1,355 | -€118 | -8.0% |
| Taxes, remuneration and social security | 45 | €49,425 | €49,622 | +€197 | +0.4% |
| Taxes | 450/3 | €49,425 | €49,622 | +€197 | +0.4% |
| Other amounts payable | 47/48 | €15,798 | €5,604 | -€10,195 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,289 | €1,009 | -€4,280 | -80.9% |
| Other operating charges | 640/8 | €1,042 | €620 | -€422 | -40.5% |
| Gross operating margin | 9900 | €125,265 | €108,303 | -€16,961 | -13.5% |
| Operating profit (loss) | 9901 | €118,933 | €106,674 | -€12,259 | -10.3% |
| Financial income | 75/76B | €5,892 | €9,713 | +€3,821 | +64.8% |
| Recurring financial income | 75 | €5,892 | €9,713 | +€3,821 | +64.8% |
| Financial charges | 65/66B | €438 | €1,512 | +€1,074 | +245% |
| Recurring financial charges | 65 | €438 | €1,512 | +€1,074 | +245% |
| Profit (loss) for the period before taxes | 9903 | €124,388 | €114,875 | -€9,512 | -7.6% |
| Income taxes | 67/77 | €40,317 | €33,098 | -€7,219 | -17.9% |
| Profit (loss) for the period | 9904 | €84,070 | €81,777 | -€2,293 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,070 | €81,777 | -€2,293 | -2.7% |
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 24 October 2026 via checked.be.