MSK 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.
MSK CONSULTING
Largest movements
- Receivables within one year +€82,050
up €82,050 (+90.4%), from €90,750 to €172,800
- Tangible fixed assets -€56,567
down €56,567 (-3.9%), from €1.4m to €1.4m
of which Land and buildings: -€28,777
- Reserves +€130,909
up €130,909 (+39.6%), from €330,734 to €461,643
- Debts after one year -€104,359
down €104,359 (-13.7%), from €762,414 to €658,055
- Other debts -€22,742
down €22,742 (-18.5%), from €123,102 to €100,360
- Tax, wage and social debts +€21,830
up €21,830 (+31.7%), from €68,807 to €90,637
of which Taxes: +€28,494
- Gross operating margin +€70,941
up €70,941 (+29.9%), from €237,446 to €308,386
- Taxes +€25,782
up €25,782 (+62.5%), from €41,247 to €67,029
- Other operating charges +€14,981
up €14,981 (+443.0%), from €3,382 to €18,363
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 | €1,546,867 | €1,576,705 | +€29,838 | +1.9% |
| Fixed assets | 21/28 | €1,439,644 | €1,383,077 | -€56,567 | -3.9% |
| Tangible fixed assets | 22/27 | €1,439,644 | €1,383,077 | -€56,567 | -3.9% |
| Land and buildings | 22 | €1,149,107 | €1,120,329 | -€28,777 | -2.5% |
| Plant, machinery and equipment | 23 | €214,492 | €195,621 | -€18,871 | -8.8% |
| Furniture and vehicles | 24 | €76,046 | €67,126 | -€8,919 | -11.7% |
| Current assets | 29/58 | €107,223 | €193,628 | +€86,405 | +80.6% |
| Amounts receivable within one year | 40/41 | €90,750 | €172,800 | +€82,050 | +90.4% |
| Trade receivables | 40 | €90,750 | €172,800 | +€82,050 | +90.4% |
| Cash at bank and in hand | 54/58 | €16,473 | €20,828 | +€4,355 | +26.4% |
| Total equity and liabilities | 10/49 | €1,546,867 | €1,576,705 | +€29,838 | +1.9% |
| Equity | 10/15 | €335,734 | €466,643 | +€130,909 | +39.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €330,734 | €461,643 | +€130,909 | +39.6% |
| Distributable reserves | 133 | €330,734 | €461,643 | +€130,909 | +39.6% |
| Amounts payable | 17/49 | €1,211,133 | €1,110,062 | -€101,071 | -8.3% |
| Amounts payable after more than one year | 17 | €762,414 | €658,055 | -€104,359 | -13.7% |
| Financial debts | 170/4 | €762,414 | €658,055 | -€104,359 | -13.7% |
| Amounts payable within one year | 42/48 | €403,719 | €407,007 | +€3,288 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €110,134 | €115,609 | +€5,475 | +5.0% |
| Trade debts | 44 | €1,676 | €400 | -€1,276 | -76.1% |
| Suppliers | 440/4 | €1,676 | €400 | -€1,276 | -76.1% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €68,807 | €90,637 | +€21,830 | +31.7% |
| Taxes | 450/3 | €62,143 | €90,637 | +€28,494 | +45.9% |
| Remuneration and social security | 454/9 | €6,664 | - | -€6,664 | |
| Other amounts payable | 47/48 | €123,102 | €100,360 | -€22,742 | -18.5% |
| Accrued charges and deferred income | 492/3 | €45,000 | €45,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,486 | €64,558 | +€1,073 | +1.7% |
| Other operating charges | 640/8 | €3,382 | €18,363 | +€14,981 | +443.0% |
| Gross operating margin | 9900 | €237,446 | €308,386 | +€70,941 | +29.9% |
| Operating profit (loss) | 9901 | €170,578 | €225,465 | +€54,887 | +32.2% |
| Financial charges | 65/66B | €26,660 | €27,528 | +€867 | +3.3% |
| Recurring financial charges | 65 | €26,660 | €27,528 | +€867 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €143,918 | €197,938 | +€54,020 | +37.5% |
| Income taxes | 67/77 | €41,247 | €67,029 | +€25,782 | +62.5% |
| Profit (loss) for the period | 9904 | €102,672 | €130,909 | +€28,237 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,672 | €130,909 | +€28,237 | +27.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.