MSNT 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.
MSNT Consulting
Largest movements
- Cash +€84,839
up €84,839 (+52.5%), from €161,481 to €246,319
mainly Net result for the year (+€142,690) and Other debts (+€66,027)
- Tangible fixed assets -€6,292
down €6,292 (-36.5%), from €17,215 to €10,923
of which Furniture and vehicles: -€5,808
- Other debts +€66,027
new in 2025: €66,027
- Tax, wage and social debts +€38,014
up €38,014 (+78.3%), from €48,519 to €86,533
of which Remuneration and social security: +€34,380
- Profit (loss) carried forward -€14,429
down €14,429 (-8.4%), from €171,061 to €156,632
- Trade debts -€10,187
down €10,187 (-84.9%), from €11,999 to €1,812
- Gross operating margin +€39,646
up €39,646 (+26.5%), from €149,809 to €189,456
- Depreciation +€6,599
up €6,599 (+324%), from €2,039 to €8,638
- Taxes +€4,625
up €4,625 (+14.1%), from €32,817 to €37,442
- Financial charges -€2,129
down €2,129 (-93.4%), from €2,279 to €150
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 | €233,579 | €313,003 | +€79,425 | +34.0% |
| Fixed assets | 21/28 | €20,215 | €13,923 | -€6,292 | -31.1% |
| Tangible fixed assets | 22/27 | €17,215 | €10,923 | -€6,292 | -36.5% |
| Furniture and vehicles | 24 | €14,252 | €8,444 | -€5,808 | -40.8% |
| Other tangible fixed assets | 26 | €2,963 | €2,479 | -€484 | -16.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €213,364 | €299,080 | +€85,716 | +40.2% |
| Amounts receivable within one year | 40/41 | €49,062 | €49,408 | +€347 | +0.7% |
| Trade receivables | 40 | €49,062 | €49,408 | +€347 | +0.7% |
| Cash at bank and in hand | 54/58 | €161,481 | €246,319 | +€84,839 | +52.5% |
| Deferred charges and accrued income | 490/1 | €2,821 | €3,352 | +€531 | +18.8% |
| Total equity and liabilities | 10/49 | €233,579 | €313,003 | +€79,425 | +34.0% |
| Equity | 10/15 | €173,061 | €158,632 | -€14,429 | -8.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,061 | €156,632 | -€14,429 | -8.4% |
| Amounts payable | 17/49 | €60,518 | €154,372 | +€93,854 | +155% |
| Amounts payable within one year | 42/48 | €60,518 | €154,372 | +€93,854 | +155% |
| Trade debts | 44 | €11,999 | €1,812 | -€10,187 | -84.9% |
| Suppliers | 440/4 | €11,999 | €1,812 | -€10,187 | -84.9% |
| Taxes, remuneration and social security | 45 | €48,519 | €86,533 | +€38,014 | +78.3% |
| Taxes | 450/3 | €48,519 | €52,153 | +€3,634 | +7.5% |
| Remuneration and social security | 454/9 | - | €34,380 | +€34,380 | |
| Other amounts payable | 47/48 | - | €66,027 | +€66,027 | |
| Remuneration, social security and pensions | 62 | €1,382 | - | -€1,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €8,638 | +€6,599 | +324% |
| Other operating charges | 640/8 | €794 | €1,049 | +€256 | +32.3% |
| Gross operating margin | 9900 | €149,809 | €189,456 | +€39,646 | +26.5% |
| Operating profit (loss) | 9901 | €145,595 | €179,768 | +€34,174 | +23.5% |
| Financial income | 75/76B | - | €513 | +€513 | |
| Recurring financial income | 75 | - | €513 | +€513 | |
| Financial charges | 65/66B | €2,279 | €150 | -€2,129 | -93.4% |
| Recurring financial charges | 65 | €2,279 | €150 | -€2,129 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €143,316 | €180,132 | +€36,816 | +25.7% |
| Income taxes | 67/77 | €32,817 | €37,442 | +€4,625 | +14.1% |
| Profit (loss) for the period | 9904 | €110,499 | €142,690 | +€32,191 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,499 | €142,690 | +€32,191 | +29.1% |
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 30 October 2026 via checked.be.