MRD 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.
MRD Consulting
Largest movements
- Cash +€26,607
up €26,607 (+36.7%), from €72,425 to €99,033
mainly Net result for the year (+€37,692) and Receivables within one year (+€3,453)
- Tangible fixed assets +€11,411
new in 2026: €11,411
of which Furniture and vehicles: +€9,338
- Receivables within one year -€3,453
down €3,453 (-14.4%), from €24,023 to €20,570
of which Other amounts receivable: -€4,016
- Reserves +€37,692
up €37,692 (+56.3%), from €66,915 to €104,607
- Tax, wage and social debts -€3,867
down €3,867 (-15.1%), from €25,538 to €21,671
- Gross operating margin -€30,331
down €30,331 (-37.3%), from €81,422 to €51,091
- Taxes -€5,305
down €5,305 (-30.1%), from €17,644 to €12,339
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,173 | €131,990 | +€33,817 | +34.4% |
| Fixed assets | 21/28 | - | €11,411 | +€11,411 | |
| Tangible fixed assets | 22/27 | - | €11,411 | +€11,411 | |
| Furniture and vehicles | 24 | - | €9,338 | +€9,338 | |
| Other tangible fixed assets | 26 | - | €2,073 | +€2,073 | |
| Current assets | 29/58 | €98,173 | €120,579 | +€22,406 | +22.8% |
| Amounts receivable within one year | 40/41 | €24,023 | €20,570 | -€3,453 | -14.4% |
| Trade receivables | 40 | €20,007 | €20,570 | +€563 | +2.8% |
| Other amounts receivable | 41 | €4,016 | €0 | -€4,016 | -100% |
| Cash at bank and in hand | 54/58 | €72,425 | €99,033 | +€26,607 | +36.7% |
| Deferred charges and accrued income | 490/1 | €1,725 | €977 | -€748 | -43.4% |
| Total equity and liabilities | 10/49 | €98,173 | €131,990 | +€33,817 | +34.4% |
| Equity | 10/15 | €69,915 | €107,607 | +€37,692 | +53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,915 | €104,607 | +€37,692 | +56.3% |
| Distributable reserves | 133 | €66,915 | €104,607 | +€37,692 | +56.3% |
| Amounts payable | 17/49 | €28,258 | €24,383 | -€3,875 | -13.7% |
| Amounts payable within one year | 42/48 | €28,258 | €24,383 | -€3,875 | -13.7% |
| Trade debts | 44 | €2,721 | €2,201 | -€520 | -19.1% |
| Suppliers | 440/4 | €2,721 | €2,201 | -€520 | -19.1% |
| Taxes, remuneration and social security | 45 | €25,538 | €21,671 | -€3,867 | -15.1% |
| Taxes | 450/3 | €25,538 | €21,671 | -€3,867 | -15.1% |
| Other amounts payable | 47/48 | €0 | €511 | +€511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €222 | +€222 | |
| Other operating charges | 640/8 | €810 | €893 | +€83 | +10.3% |
| Gross operating margin | 9900 | €81,422 | €51,091 | -€30,331 | -37.3% |
| Operating profit (loss) | 9901 | €80,613 | €49,976 | -€30,636 | -38.0% |
| Financial income | 75/76B | €464 | €138 | -€325 | -70.2% |
| Recurring financial income | 75 | €464 | €138 | -€325 | -70.2% |
| Financial charges | 65/66B | €172 | €84 | -€88 | -51.2% |
| Recurring financial charges | 65 | €172 | €84 | -€88 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €80,904 | €50,031 | -€30,874 | -38.2% |
| Income taxes | 67/77 | €17,644 | €12,339 | -€5,305 | -30.1% |
| Profit (loss) for the period | 9904 | €63,261 | €37,692 | -€25,569 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,261 | €37,692 | -€25,569 | -40.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.