MRZ 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.
MRZ Consulting
Largest movements
- Receivables within one year -€20,898
down €20,898 (-34.8%), from €59,968 to €39,070
of which Trade receivables: -€28,750
- Current investments -€19,834
down €19,834 (-39.3%), from €50,521 to €30,687
- Cash -€14,134
down €14,134 (-19.4%), from €72,749 to €58,615
mainly Contributions, distributions and other (-€228,629) and Investment in fixed assets (net) (-€3,000)
- Reserves -€143,123
down €143,123 (-99.6%), from €143,629 to €506
- Other debts +€86,720
up €86,720 (+144,437%), from €60 to €86,780
- Gross operating margin +€11,890
up €11,890 (+11.8%), from €101,128 to €113,018
- Taxes +€3,414
up €3,414 (+16.1%), from €21,222 to €24,637
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 | €190,525 | €136,044 | -€54,481 | -28.6% |
| Fixed assets | 21/28 | €5,090 | €5,261 | +€170 | +3.3% |
| Tangible fixed assets | 22/27 | €5,090 | €5,261 | +€170 | +3.3% |
| Furniture and vehicles | 24 | €3,928 | €4,570 | +€642 | +16.3% |
| Other tangible fixed assets | 26 | €1,162 | €691 | -€472 | -40.6% |
| Current assets | 29/58 | €185,435 | €130,784 | -€54,651 | -29.5% |
| Amounts receivable within one year | 40/41 | €59,968 | €39,070 | -€20,898 | -34.8% |
| Trade receivables | 40 | €59,968 | €31,218 | -€28,750 | -47.9% |
| Other amounts receivable | 41 | €0 | €7,852 | +€7,852 | |
| Current investments | 50/53 | €50,521 | €30,687 | -€19,834 | -39.3% |
| Cash at bank and in hand | 54/58 | €72,749 | €58,615 | -€14,134 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,412 | +€215 | +9.8% |
| Total equity and liabilities | 10/49 | €190,525 | €136,044 | -€54,481 | -28.6% |
| Equity | 10/15 | €148,629 | €5,506 | -€143,123 | -96.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €143,629 | €506 | -€143,123 | -99.6% |
| Distributable reserves | 133 | €143,629 | €506 | -€143,123 | -99.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,896 | €130,539 | +€88,643 | +212% |
| Amounts payable within one year | 42/48 | €41,374 | €130,449 | +€89,074 | +215% |
| Trade debts | 44 | €752 | €2,121 | +€1,369 | +182% |
| Suppliers | 440/4 | €752 | €2,121 | +€1,369 | +182% |
| Taxes, remuneration and social security | 45 | €40,563 | €41,548 | +€985 | +2.4% |
| Taxes | 450/3 | €40,083 | €38,110 | -€1,973 | -4.9% |
| Remuneration and social security | 454/9 | €480 | €3,438 | +€2,958 | +616% |
| Other amounts payable | 47/48 | €60 | €86,780 | +€86,720 | +144,437% |
| Accrued charges and deferred income | 492/3 | €521 | €90 | -€431 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | €2,830 | +€945 | +50.1% |
| Other operating charges | 640/8 | €246 | €591 | +€345 | +140% |
| Gross operating margin | 9900 | €101,128 | €113,018 | +€11,890 | +11.8% |
| Operating profit (loss) | 9901 | €98,997 | €109,597 | +€10,599 | +10.7% |
| Financial income | 75/76B | €815 | €1,465 | +€651 | +79.8% |
| Recurring financial income | 75 | €815 | €1,465 | +€651 | +79.8% |
| Financial charges | 65/66B | €1,085 | €920 | -€166 | -15.3% |
| Recurring financial charges | 65 | €1,085 | €920 | -€166 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €98,727 | €110,142 | +€11,416 | +11.6% |
| Income taxes | 67/77 | €21,222 | €24,637 | +€3,414 | +16.1% |
| Profit (loss) for the period | 9904 | €77,504 | €85,506 | +€8,001 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,504 | €85,506 | +€8,001 | +10.3% |
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 23 October 2026 via checked.be.