MS 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.
MS CONSULT
Largest movements
- Receivables within one year +€82,181
up €82,181 (+96.8%), from €84,858 to €167,039
of which Other amounts receivable: +€90,841
- Deferred charges and accrued income +€32,698
up €32,698, from €0 to €32,698
- Cash -€4,800
down €4,800 (-100%), from €4,800 to €0
mainly Receivables within one year (-€82,181) and Deferred charges and accrued income (-€32,698)
- Profit (loss) carried forward +€50,568
up €50,568 (+77.7%), from €65,050 to €115,618
- Short-term financial debts +€42,737
up €42,737, from €0 to €42,737
- Trade debts +€13,219
up €13,219 (+4,955%), from €267 to €13,485
- Tax, wage and social debts +€3,927
up €3,927 (+17.5%), from €22,440 to €26,367
- Gross operating margin -€9,321
down €9,321 (-12.6%), from €74,215 to €64,894
- Financial charges +€3,530
up €3,530 (+410%), from €861 to €4,391
- Other operating charges -€1,953
down €1,953 (-75.6%), from €2,584 to €632
- Taxes -€1,238
down €1,238 (-7.8%), from €15,912 to €14,674
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 | €94,579 | €203,258 | +€108,679 | +115% |
| Fixed assets | 21/28 | €4,921 | €3,521 | -€1,400 | -28.4% |
| Tangible fixed assets | 22/27 | €4,921 | €3,521 | -€1,400 | -28.4% |
| Plant, machinery and equipment | 23 | €4,921 | €3,521 | -€1,400 | -28.4% |
| Current assets | 29/58 | €89,658 | €199,737 | +€110,079 | +123% |
| Amounts receivable within one year | 40/41 | €84,858 | €167,039 | +€82,181 | +96.8% |
| Trade receivables | 40 | €8,660 | €0 | -€8,660 | -100% |
| Other amounts receivable | 41 | €76,198 | €167,039 | +€90,841 | +119% |
| Cash at bank and in hand | 54/58 | €4,800 | €0 | -€4,800 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €32,698 | +€32,698 | |
| Total equity and liabilities | 10/49 | €94,579 | €203,258 | +€108,679 | +115% |
| Equity | 10/15 | €70,050 | €120,618 | +€50,568 | +72.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,050 | €115,618 | +€50,568 | +77.7% |
| Amounts payable | 17/49 | €24,529 | €82,640 | +€58,111 | +237% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,529 | €82,589 | +€58,060 | +237% |
| Current portion of amounts payable after more than one year | 42 | €1,823 | €0 | -€1,823 | -100% |
| Financial debts | 43 | €0 | €42,737 | +€42,737 | |
| Credit institutions | 430/8 | €0 | €42,737 | +€42,737 | |
| Trade debts | 44 | €267 | €13,485 | +€13,219 | +4,955% |
| Suppliers | 440/4 | €267 | €13,485 | +€13,219 | +4,955% |
| Taxes, remuneration and social security | 45 | €22,440 | €26,367 | +€3,927 | +17.5% |
| Taxes | 450/3 | €22,440 | €26,367 | +€3,927 | +17.5% |
| Accrued charges and deferred income | 492/3 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,400 | = | 0.0% |
| Other operating charges | 640/8 | €2,584 | €632 | -€1,953 | -75.6% |
| Gross operating margin | 9900 | €74,215 | €64,894 | -€9,321 | -12.6% |
| Operating profit (loss) | 9901 | €70,230 | €62,862 | -€7,369 | -10.5% |
| Financial income | 75/76B | €6,266 | €6,772 | +€506 | +8.1% |
| Recurring financial income | 75 | €6,266 | €6,772 | +€506 | +8.1% |
| Financial charges | 65/66B | €861 | €4,391 | +€3,530 | +410% |
| Recurring financial charges | 65 | €861 | €4,391 | +€3,530 | +410% |
| Profit (loss) for the period before taxes | 9903 | €75,636 | €65,243 | -€10,393 | -13.7% |
| Income taxes | 67/77 | €15,912 | €14,674 | -€1,238 | -7.8% |
| Profit (loss) for the period | 9904 | €59,723 | €50,568 | -€9,155 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,723 | €50,568 | -€9,155 | -15.3% |
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 17 October 2026 via checked.be.