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 +€62,681
up €62,681 (+79.7%), from €78,625 to €141,306
mainly Net result for the year (+€38,890) and Tax, wage and social debts (+€16,547)
- Receivables after one year +€18,477
up €18,477 (+57.2%), from €32,315 to €50,793
- Receivables within one year -€15,180
down €15,180 (-100.0%), from €15,180 to €0
of which Trade receivables: -€15,180
- Tangible fixed assets -€3,445
down €3,445 (-27.3%), from €12,616 to €9,170
of which Furniture and vehicles: -€3,006
- Reserves +€38,890
up €38,890 (+35.2%), from €110,407 to €149,297
- Tax, wage and social debts +€16,547
up €16,547 (+66.3%), from €24,944 to €41,491
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Gross operating margin -€8,765
down €8,765 (-11.4%), from €77,203 to €68,438
- Financial charges +€4,475
up €4,475 (+111.2%), from €4,023 to €8,498
- Taxes +€1,332
up €1,332 (+9.0%), from €14,816 to €16,149
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.
Cash bridge derived
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 | €138,735 | €201,269 | +€62,534 | +45.1% |
| Fixed assets | 21/28 | €12,616 | €9,170 | -€3,445 | -27.3% |
| Tangible fixed assets | 22/27 | €12,616 | €9,170 | -€3,445 | -27.3% |
| Plant, machinery and equipment | 23 | €1,079 | €641 | -€439 | -40.6% |
| Furniture and vehicles | 24 | €11,536 | €8,530 | -€3,006 | -26.1% |
| Current assets | 29/58 | €126,120 | €192,098 | +€65,979 | +52.3% |
| Amounts receivable after more than one year | 29 | €32,315 | €50,793 | +€18,477 | +57.2% |
| Other amounts receivable | 291 | €32,315 | €50,793 | +€18,477 | +57.2% |
| Amounts receivable within one year | 40/41 | €15,180 | €0 | -€15,180 | -100.0% |
| Trade receivables | 40 | €15,180 | €0 | -€15,180 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,625 | €141,306 | +€62,681 | +79.7% |
| Total equity and liabilities | 10/49 | €138,735 | €201,269 | +€62,534 | +45.1% |
| Equity | 10/15 | €112,407 | €151,297 | +€38,890 | +34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €110,407 | €149,297 | +€38,890 | +35.2% |
| Distributable reserves | 133 | €110,407 | €149,297 | +€38,890 | +35.2% |
| Amounts payable | 17/49 | €26,328 | €49,972 | +€23,644 | +89.8% |
| Amounts payable within one year | 42/48 | €26,328 | €41,972 | +€15,644 | +59.4% |
| Trade debts | 44 | €1,384 | €481 | -€903 | -65.3% |
| Suppliers | 440/4 | €1,384 | €481 | -€903 | -65.3% |
| Taxes, remuneration and social security | 45 | €24,944 | €41,491 | +€16,547 | +66.3% |
| Taxes | 450/3 | €24,944 | €41,491 | +€16,547 | +66.3% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,047 | €3,445 | +€398 | +13.1% |
| Other operating charges | 640/8 | €1,288 | €1,456 | +€167 | +13.0% |
| Gross operating margin | 9900 | €77,203 | €68,438 | -€8,765 | -11.4% |
| Operating profit (loss) | 9901 | €72,867 | €63,537 | -€9,330 | -12.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €4,023 | €8,498 | +€4,475 | +111.2% |
| Recurring financial charges | 65 | €4,023 | €8,498 | +€4,475 | +111.2% |
| Profit (loss) for the period before taxes | 9903 | €68,847 | €55,039 | -€13,808 | -20.1% |
| Income taxes | 67/77 | €14,816 | €16,149 | +€1,332 | +9.0% |
| Profit (loss) for the period | 9904 | €54,030 | €38,890 | -€15,140 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,030 | €38,890 | -€15,140 | -28.0% |
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 9 October 2026 via checked.be.