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
- Intangible fixed assets -€303,033
down €303,033 (-100%), from €303,033 to €0
- Receivables within one year +€80,656
up €80,656 (+1,578%), from €5,111 to €85,768
of which Trade receivables: +€79,344
- Tax, wage and social debts -€82,614
down €82,614 (-87.4%), from €94,475 to €11,861
of which Taxes: -€49,932
- Trade debts -€63,460
down €63,460 (-84.5%), from €75,098 to €11,638
- Other debts -€63,240
down €63,240 (-90.0%), from €70,252 to €7,012
- Current portion of long-term debt -€12,597
down €12,597 (-63.8%), from €19,729 to €7,132
- Short-term financial debts -€3,935
down €3,935 (-93.1%), from €4,226 to €292
- Gross operating margin -€106,364
down €106,364 (-44.0%), from €241,519 to €135,155
- Depreciation -€68,857
down €68,857 (-100%), from €68,857 to €0
- Staff costs -€60,285
down €60,285 (-37.5%), from €160,942 to €100,656
- Financial income +€30,803
up €30,803, from €0 to €30,803
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 | €311,723 | €87,997 | -€223,726 | -71.8% |
| Fixed assets | 21/28 | €303,213 | €180 | -€303,033 | -99.9% |
| Intangible fixed assets | 21 | €303,033 | €0 | -€303,033 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €8,510 | €87,817 | +€79,308 | +932% |
| Amounts receivable within one year | 40/41 | €5,111 | €85,768 | +€80,656 | +1,578% |
| Trade receivables | 40 | €924 | €80,268 | +€79,344 | +8,592% |
| Other amounts receivable | 41 | €4,188 | €5,500 | +€1,312 | +31.3% |
| Cash at bank and in hand | 54/58 | €1,624 | €275 | -€1,349 | -83.1% |
| Deferred charges and accrued income | 490/1 | €1,775 | €1,775 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,723 | €87,997 | -€223,726 | -71.8% |
| Equity | 10/15 | €44,355 | €46,472 | +€2,117 | +4.8% |
| Contributions | 10/11 | €12,098 | €12,098 | = | 0.0% |
| Reserves | 13 | €32,257 | €34,374 | +€2,117 | +6.6% |
| 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 | €30,397 | €32,514 | +€2,117 | +7.0% |
| Amounts payable | 17/49 | €267,368 | €41,525 | -€225,843 | -84.5% |
| Amounts payable within one year | 42/48 | €263,780 | €37,935 | -€225,845 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €19,729 | €7,132 | -€12,597 | -63.8% |
| Financial debts | 43 | €4,226 | €292 | -€3,935 | -93.1% |
| Credit institutions | 430/8 | €4,226 | €292 | -€3,935 | -93.1% |
| Trade debts | 44 | €75,098 | €11,638 | -€63,460 | -84.5% |
| Suppliers | 440/4 | €75,098 | €11,638 | -€63,460 | -84.5% |
| Taxes, remuneration and social security | 45 | €94,475 | €11,861 | -€82,614 | -87.4% |
| Taxes | 450/3 | €61,793 | €11,861 | -€49,932 | -80.8% |
| Remuneration and social security | 454/9 | €32,682 | €0 | -€32,682 | -100% |
| Other amounts payable | 47/48 | €70,252 | €7,012 | -€63,240 | -90.0% |
| Accrued charges and deferred income | 492/3 | €3,588 | €3,590 | +€2 | +0.1% |
| Remuneration, social security and pensions | 62 | €160,942 | €100,656 | -€60,285 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,857 | €0 | -€68,857 | -100% |
| Other operating charges | 640/8 | €3,844 | €2,187 | -€1,657 | -43.1% |
| Non-recurring operating charges | 66A | - | €58,033 | +€58,033 | |
| Gross operating margin | 9900 | €241,519 | €135,155 | -€106,364 | -44.0% |
| Operating profit (loss) | 9901 | €7,876 | -€25,721 | -€33,598 | |
| Financial income | 75/76B | €0 | €30,803 | +€30,803 | |
| Recurring financial income | 75 | €0 | €30,803 | +€30,803 | |
| Financial charges | 65/66B | €2,350 | €1,918 | -€432 | -18.4% |
| Recurring financial charges | 65 | €2,350 | €1,918 | -€432 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €5,526 | €3,164 | -€2,362 | -42.7% |
| Income taxes | 67/77 | €490 | €1,047 | +€557 | +114% |
| Profit (loss) for the period | 9904 | €5,037 | €2,117 | -€2,920 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,037 | €2,117 | -€2,920 | -58.0% |
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 16 October 2026 via checked.be.