MS 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.
MS CONSULTING
Largest movements
- Cash +€20,107
up €20,107 (+93.6%), from €21,475 to €41,582
mainly Net result for the year (+€41,561) and Receivables within one year (+€19,267)
- Receivables within one year -€19,267
down €19,267 (-85.2%), from €22,607 to €3,340
of which Trade receivables: -€20,558
- Tangible fixed assets +€15,002
up €15,002 (+8.8%), from €170,620 to €185,622
of which Furniture and vehicles: +€24,031
- Profit (loss) carried forward +€10,922
up €10,922 (+9.3%), from €117,935 to €128,858
- Current portion of long-term debt +€8,866
up €8,866 (+67.8%), from €13,084 to €21,950
- Debts after one year -€4,250
down €4,250 (-6.2%), from €68,354 to €64,104
- Gross operating margin +€17,181
up €17,181 (+27.9%), from €61,628 to €78,809
- Depreciation +€6,255
up €6,255 (+59.8%), from €10,455 to €16,710
- Financial charges +€1,890
up €1,890 (+66.5%), from €2,843 to €4,732
- Taxes +€1,549
up €1,549 (+14.3%), from €10,851 to €12,400
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 | €214,702 | €230,544 | +€15,842 | +7.4% |
| Fixed assets | 21/28 | €170,620 | €185,622 | +€15,002 | +8.8% |
| Tangible fixed assets | 22/27 | €170,620 | €185,622 | +€15,002 | +8.8% |
| Land and buildings | 22 | €168,568 | €159,538 | -€9,029 | -5.4% |
| Furniture and vehicles | 24 | €2,053 | €26,084 | +€24,031 | +1,171% |
| Current assets | 29/58 | €44,082 | €44,922 | +€840 | +1.9% |
| Amounts receivable within one year | 40/41 | €22,607 | €3,340 | -€19,267 | -85.2% |
| Trade receivables | 40 | €20,558 | - | -€20,558 | |
| Other amounts receivable | 41 | €2,049 | €3,340 | +€1,291 | +63.0% |
| Cash at bank and in hand | 54/58 | €21,475 | €41,582 | +€20,107 | +93.6% |
| Total equity and liabilities | 10/49 | €214,702 | €230,544 | +€15,842 | +7.4% |
| Equity | 10/15 | €126,852 | €137,775 | +€10,922 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,717 | €2,717 | = | 0.0% |
| Distributable reserves | 133 | €2,717 | €2,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,935 | €128,858 | +€10,922 | +9.3% |
| Amounts payable | 17/49 | €87,850 | €92,769 | +€4,919 | +5.6% |
| Amounts payable after more than one year | 17 | €68,354 | €64,104 | -€4,250 | -6.2% |
| Financial debts | 170/4 | €68,354 | €64,104 | -€4,250 | -6.2% |
| Amounts payable within one year | 42/48 | €19,495 | €28,665 | +€9,170 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €13,084 | €21,950 | +€8,866 | +67.8% |
| Financial debts | 43 | €145 | €14 | -€130 | -90.1% |
| Credit institutions | 430/8 | €145 | €14 | -€130 | -90.1% |
| Trade debts | 44 | €925 | €1,089 | +€163 | +17.7% |
| Suppliers | 440/4 | €925 | €1,089 | +€163 | +17.7% |
| Taxes, remuneration and social security | 45 | €5,342 | €4,996 | -€346 | -6.5% |
| Taxes | 450/3 | €5,342 | €4,996 | -€346 | -6.5% |
| Other amounts payable | 47/48 | - | €617 | +€617 | |
| Remuneration, social security and pensions | 62 | €1,969 | €1,707 | -€263 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,455 | €16,710 | +€6,255 | +59.8% |
| Other operating charges | 640/8 | €1,306 | €1,700 | +€393 | +30.1% |
| Gross operating margin | 9900 | €61,628 | €78,809 | +€17,181 | +27.9% |
| Operating profit (loss) | 9901 | €47,898 | €58,693 | +€10,795 | +22.5% |
| Financial income | 75/76B | €72 | €1 | -€71 | -99.0% |
| Recurring financial income | 75 | €72 | €1 | -€71 | -99.0% |
| Financial charges | 65/66B | €2,843 | €4,732 | +€1,890 | +66.5% |
| Recurring financial charges | 65 | €2,843 | €4,732 | +€1,890 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €45,127 | €53,961 | +€8,834 | +19.6% |
| Income taxes | 67/77 | €10,851 | €12,400 | +€1,549 | +14.3% |
| Profit (loss) for the period | 9904 | €34,276 | €41,561 | +€7,285 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,276 | €41,561 | +€7,285 | +21.3% |
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 15 October 2026 via checked.be.