MSC CONSULTING: what changed
Two fiscal 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.
MSC CONSULTING
Largest movements
- Current investments +€50,493
new in 2025: €50,493
- Receivables within one year +€30,976
up €30,976 (+957.4%), from €3,236 to €34,212
of which Trade receivables: +€21,743
- Cash -€22,936
no longer reported in 2025 (was €22,936)
mainly Current investments (-€50,493) and Receivables within one year (-€30,976)
- Reserves +€34,051
new in 2025: €34,051
- Tax, wage and social debts +€15,873
up €15,873 (+614.4%), from €2,583 to €18,457
- Other debts +€7,696
new in 2025: €7,696
- Gross operating margin +€49,341
up €49,341 (+3489.1%), from €1,414 to €50,755
- Taxes +€12,690
new in 2025: €12,690
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 | €33,665 | €91,945 | +€58,280 | +173.1% |
| Fixed assets | 21/28 | €7,493 | €6,696 | -€797 | -10.6% |
| Tangible fixed assets | 22/27 | €7,493 | €6,696 | -€797 | -10.6% |
| Plant, machinery and equipment | 23 | €823 | €2,907 | +€2,084 | +253.2% |
| Furniture and vehicles | 24 | €6,670 | €3,789 | -€2,881 | -43.2% |
| Current assets | 29/58 | €26,171 | €85,249 | +€59,077 | +225.7% |
| Amounts receivable within one year | 40/41 | €3,236 | €34,212 | +€30,976 | +957.4% |
| Trade receivables | 40 | €2,470 | €24,212 | +€21,743 | +880.4% |
| Other amounts receivable | 41 | €766 | €10,000 | +€9,234 | +1205.3% |
| Current investments | 50/53 | - | €50,493 | +€50,493 | |
| Cash at bank and in hand | 54/58 | €22,936 | - | -€22,936 | |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €33,665 | €91,945 | +€58,280 | +173.1% |
| Equity | 10/15 | €31,081 | €65,133 | +€34,051 | +109.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €34,051 | +€34,051 | |
| Distributable reserves | 133 | - | €34,051 | +€34,051 | |
| Profit (loss) carried forward | 14 | €29,081 | €29,081 | = | 0.0% |
| Amounts payable | 17/49 | €2,583 | €26,812 | +€24,229 | +937.9% |
| Amounts payable within one year | 42/48 | €2,583 | €26,812 | +€24,229 | +937.9% |
| Trade debts | 44 | - | €660 | +€660 | |
| Suppliers | 440/4 | - | €660 | +€660 | |
| Taxes, remuneration and social security | 45 | €2,583 | €18,457 | +€15,873 | +614.4% |
| Taxes | 450/3 | €2,583 | €18,457 | +€15,873 | +614.4% |
| Other amounts payable | 47/48 | - | €7,696 | +€7,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,484 | €3,901 | +€418 | +12.0% |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | €1,414 | €50,755 | +€49,341 | +3489.1% |
| Operating profit (loss) | 9901 | -€2,131 | €46,854 | +€48,985 | |
| Financial charges | 65/66B | €72 | €112 | +€40 | +55.2% |
| Recurring financial charges | 65 | €72 | €112 | +€40 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,204 | €46,741 | +€48,945 | |
| Income taxes | 67/77 | - | €12,690 | +€12,690 | |
| Profit (loss) for the period | 9904 | -€2,204 | €34,051 | +€36,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,204 | €34,051 | +€36,255 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.