MSE 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.
MSE CONSULTING
Largest movements
- Cash -€6,410
down €6,410 (-57.6%), from €11,133 to €4,723
mainly Tax, wage and social debts (-€18,482) and Net result for the year (-€18,456)
- Tangible fixed assets -€4,678
down €4,678 (-27.8%), from €16,838 to €12,160
of which Furniture and vehicles: -€4,518
- Receivables within one year -€4,447
down €4,447 (-2.4%), from €183,844 to €179,397
of which Other amounts receivable: -€13,666
- Other debts +€21,403
up €21,403 (+6,434%), from €333 to €21,736
- Tax, wage and social debts -€18,482
down €18,482 (-28.3%), from €65,328 to €46,846
of which Taxes: -€22,187
- Profit (loss) carried forward -€18,456
down €18,456 (-23.6%), from €78,206 to €59,750
- Gross operating margin -€62,809
down €62,809 (-85.1%), from €73,842 to €11,033
- Taxes -€3,101
down €3,101 (-15.7%), from €19,796 to €16,696
- Other operating charges +€2,680
up €2,680 (+51.8%), from €5,174 to €7,854
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 | €276,990 | €261,455 | -€15,535 | -5.6% |
| Fixed assets | 21/28 | €82,013 | €77,335 | -€4,678 | -5.7% |
| Tangible fixed assets | 22/27 | €16,838 | €12,160 | -€4,678 | -27.8% |
| Plant, machinery and equipment | 23 | €6,424 | €6,264 | -€160 | -2.5% |
| Furniture and vehicles | 24 | €10,414 | €5,896 | -€4,518 | -43.4% |
| Financial fixed assets | 28 | €65,175 | €65,175 | = | 0.0% |
| Current assets | 29/58 | €194,977 | €184,120 | -€10,857 | -5.6% |
| Amounts receivable within one year | 40/41 | €183,844 | €179,397 | -€4,447 | -2.4% |
| Trade receivables | 40 | €143,830 | €153,049 | +€9,219 | +6.4% |
| Other amounts receivable | 41 | €40,014 | €26,348 | -€13,666 | -34.2% |
| Cash at bank and in hand | 54/58 | €11,133 | €4,723 | -€6,410 | -57.6% |
| Total equity and liabilities | 10/49 | €276,990 | €261,455 | -€15,535 | -5.6% |
| Equity | 10/15 | €211,330 | €192,874 | -€18,456 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,924 | €126,924 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €125,064 | €125,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,206 | €59,750 | -€18,456 | -23.6% |
| Amounts payable | 17/49 | €65,660 | €68,581 | +€2,921 | +4.4% |
| Amounts payable within one year | 42/48 | €65,660 | €68,581 | +€2,921 | +4.4% |
| Taxes, remuneration and social security | 45 | €65,328 | €46,846 | -€18,482 | -28.3% |
| Taxes | 450/3 | €65,328 | €43,141 | -€22,187 | -34.0% |
| Remuneration and social security | 454/9 | - | €3,705 | +€3,705 | |
| Other amounts payable | 47/48 | €333 | €21,736 | +€21,403 | +6,434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,983 | €4,678 | -€305 | -6.1% |
| Other operating charges | 640/8 | €5,174 | €7,854 | +€2,680 | +51.8% |
| Gross operating margin | 9900 | €73,842 | €11,033 | -€62,809 | -85.1% |
| Operating profit (loss) | 9901 | €63,686 | -€1,499 | -€65,184 | |
| Financial charges | 65/66B | €500 | €262 | -€239 | -47.7% |
| Recurring financial charges | 65 | €500 | €262 | -€239 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €63,186 | -€1,760 | -€64,946 | |
| Income taxes | 67/77 | €19,796 | €16,696 | -€3,101 | -15.7% |
| Profit (loss) for the period | 9904 | €43,389 | -€18,456 | -€61,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,389 | -€18,456 | -€61,845 |
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.