MRaes 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.
MRaes Consulting
Largest movements
- Cash +€167,983
up €167,983 (+1,132%), from €14,843 to €182,826
mainly Current investments (+€160,000) and Net result for the year (+€36,664)
- Current investments -€160,000
no longer reported in 2025 (was €160,000)
- Receivables within one year -€8,356
down €8,356 (-69.1%), from €12,100 to €3,744
of which Trade receivables: -€11,576
- Reserves +€36,664
up €36,664 (+30.3%), from €120,872 to €157,535
- Debts after one year -€20,391
no longer reported in 2025 (was €20,391)
- Other debts -€11,744
down €11,744 (-70.3%), from €16,714 to €4,970
- Tax, wage and social debts -€5,580
down €5,580 (-41.8%), from €13,346 to €7,766
of which Taxes: -€5,580
- Gross operating margin -€27,970
down €27,970 (-38.6%), from €72,539 to €44,568
- Financial income +€2,549
up €2,549 (+110%), from €2,313 to €4,862
- Other operating charges -€2,107
down €2,107 (-74.9%), from €2,813 to €706
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 | €202,803 | €202,908 | +€104 | +0.1% |
| Fixed assets | 21/28 | €3,065 | €4,174 | +€1,110 | +36.2% |
| Tangible fixed assets | 22/27 | €1,090 | €2,199 | +€1,110 | +102% |
| Furniture and vehicles | 24 | €1,090 | €2,199 | +€1,110 | +102% |
| Financial fixed assets | 28 | €1,975 | €1,975 | = | 0.0% |
| Current assets | 29/58 | €199,739 | €198,734 | -€1,005 | -0.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,100 | €3,744 | -€8,356 | -69.1% |
| Trade receivables | 40 | €12,100 | €524 | -€11,576 | -95.7% |
| Other amounts receivable | 41 | - | €3,220 | +€3,220 | |
| Current investments | 50/53 | €160,000 | - | -€160,000 | |
| Cash at bank and in hand | 54/58 | €14,843 | €182,826 | +€167,983 | +1,132% |
| Deferred charges and accrued income | 490/1 | €2,796 | €2,164 | -€632 | -22.6% |
| Total equity and liabilities | 10/49 | €202,803 | €202,908 | +€104 | +0.1% |
| Equity | 10/15 | €130,872 | €167,535 | +€36,664 | +28.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €120,872 | €157,535 | +€36,664 | +30.3% |
| Distributable reserves | 133 | €120,872 | €157,535 | +€36,664 | +30.3% |
| Amounts payable | 17/49 | €71,932 | €35,373 | -€36,559 | -50.8% |
| Amounts payable after more than one year | 17 | €20,391 | - | -€20,391 | |
| Financial debts | 170/4 | €20,391 | - | -€20,391 | |
| Amounts payable within one year | 42/48 | €51,540 | €35,373 | -€16,168 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €20,194 | €20,391 | +€197 | +1.0% |
| Trade debts | 44 | €1,286 | €2,245 | +€959 | +74.5% |
| Suppliers | 440/4 | €1,286 | €2,245 | +€959 | +74.5% |
| Taxes, remuneration and social security | 45 | €13,346 | €7,766 | -€5,580 | -41.8% |
| Taxes | 450/3 | €11,646 | €6,066 | -€5,580 | -47.9% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €16,714 | €4,970 | -€11,744 | -70.3% |
| Non-recurring operating income | 76A | €20,590 | - | -€20,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,515 | +€500 | +49.3% |
| Other operating charges | 640/8 | €2,813 | €706 | -€2,107 | -74.9% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €72,539 | €44,568 | -€27,970 | -38.6% |
| Operating profit (loss) | 9901 | €68,211 | €42,347 | -€25,864 | -37.9% |
| Financial income | 75/76B | €2,313 | €4,862 | +€2,549 | +110% |
| Recurring financial income | 75 | €2,313 | €4,862 | +€2,549 | +110% |
| Financial charges | 65/66B | €660 | €474 | -€186 | -28.2% |
| Recurring financial charges | 65 | €660 | €474 | -€186 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €69,864 | €46,735 | -€23,129 | -33.1% |
| Income taxes | 67/77 | €10,608 | €10,071 | -€537 | -5.1% |
| Profit (loss) for the period | 9904 | €59,256 | €36,664 | -€22,592 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,256 | €36,664 | -€22,592 | -38.1% |
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 27 October 2026 via checked.be.