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
- Receivables within one year +€409,454
up €409,454 (+33.7%), from €1.2m to €1.6m
of which Other amounts receivable: +€290,370
- Deferred charges and accrued income +€35,443
up €35,443 (+3,654%), from €970 to €36,413
- Tangible fixed assets -€30,869
down €30,869 (-48.4%), from €63,827 to €32,959
of which Furniture and vehicles: -€30,869
- Other debts +€464,697
up €464,697 (+191%), from €242,855 to €707,552
- Tax, wage and social debts -€38,450
down €38,450 (-30.1%), from €127,904 to €89,455
of which Taxes: -€50,178
- Trade debts -€20,527
down €20,527 (-5.5%), from €375,847 to €355,320
- Gross operating margin +€124,064
up €124,064 (+68.8%), from €180,215 to €304,280
- Financial charges +€98,098
up €98,098 (+3,105%), from €3,159 to €101,257
- Staff costs +€53,642
up €53,642 (+72.7%), from €73,827 to €127,469
- Taxes +€30,223
up €30,223 (+197%), from €15,370 to €45,594
- Depreciation -€14,795
down €14,795 (-45.4%), from €32,607 to €17,812
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 | €1,285,250 | €1,699,934 | +€414,684 | +32.3% |
| Fixed assets | 21/28 | €64,136 | €32,959 | -€31,178 | -48.6% |
| Tangible fixed assets | 22/27 | €63,827 | €32,959 | -€30,869 | -48.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €63,827 | €32,959 | -€30,869 | -48.4% |
| Financial fixed assets | 28 | €309 | - | -€309 | |
| Current assets | 29/58 | €1,221,114 | €1,666,975 | +€445,861 | +36.5% |
| Amounts receivable within one year | 40/41 | €1,214,119 | €1,623,572 | +€409,454 | +33.7% |
| Trade receivables | 40 | €167,508 | €286,591 | +€119,083 | +71.1% |
| Other amounts receivable | 41 | €1,046,611 | €1,336,981 | +€290,370 | +27.7% |
| Cash at bank and in hand | 54/58 | €6,025 | €6,990 | +€965 | +16.0% |
| Deferred charges and accrued income | 490/1 | €970 | €36,413 | +€35,443 | +3,654% |
| Total equity and liabilities | 10/49 | €1,285,250 | €1,699,934 | +€414,684 | +32.3% |
| Equity | 10/15 | €523,760 | €532,724 | +€8,964 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €511,360 | €520,324 | +€8,964 | +1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €509,500 | €518,464 | +€8,964 | +1.8% |
| Amounts payable | 17/49 | €761,490 | €1,167,211 | +€405,720 | +53.3% |
| Amounts payable within one year | 42/48 | €761,490 | €1,167,211 | +€405,720 | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €14,884 | €14,884 | = | 0.0% |
| Trade debts | 44 | €375,847 | €355,320 | -€20,527 | -5.5% |
| Suppliers | 440/4 | €375,847 | €355,320 | -€20,527 | -5.5% |
| Taxes, remuneration and social security | 45 | €127,904 | €89,455 | -€38,450 | -30.1% |
| Taxes | 450/3 | €81,356 | €31,177 | -€50,178 | -61.7% |
| Remuneration and social security | 454/9 | €46,549 | €58,277 | +€11,728 | +25.2% |
| Other amounts payable | 47/48 | €242,855 | €707,552 | +€464,697 | +191% |
| Non-recurring operating income | 76A | €280 | €29,677 | +€29,397 | +10,499% |
| Remuneration, social security and pensions | 62 | €73,827 | €127,469 | +€53,642 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,607 | €17,812 | -€14,795 | -45.4% |
| Other operating charges | 640/8 | €6,748 | €4,080 | -€2,669 | -39.5% |
| Gross operating margin | 9900 | €180,215 | €304,280 | +€124,064 | +68.8% |
| Operating profit (loss) | 9901 | €67,033 | €154,919 | +€87,886 | +131% |
| Financial income | 75/76B | €215 | €895 | +€681 | +317% |
| Recurring financial income | 75 | €215 | €895 | +€681 | +317% |
| Financial charges | 65/66B | €3,159 | €101,257 | +€98,098 | +3,105% |
| Recurring financial charges | 65 | €3,159 | €101,257 | +€98,098 | +3,105% |
| Profit (loss) for the period before taxes | 9903 | €64,089 | €54,558 | -€9,532 | -14.9% |
| Income taxes | 67/77 | €15,370 | €45,594 | +€30,223 | +197% |
| Profit (loss) for the period | 9904 | €48,719 | €8,964 | -€39,755 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,719 | €8,964 | -€39,755 | -81.6% |
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 19 October 2026 via checked.be.