MSWERTS 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.
MSWERTS Consulting
Largest movements
- Current investments +€90,000
up €90,000 (+180.0%), from €50,000 to €140,000
- Receivables within one year +€22,587
up €22,587 (+146.4%), from €15,428 to €38,014
- Cash +€3,504
up €3,504 (+6.8%), from €51,527 to €55,031
mainly Net result for the year (+€110,457) and Tax, wage and social debts (+€4,396)
- Reserves +€110,457
up €110,457 (+127.7%), from €86,465 to €196,922
- Tax, wage and social debts +€4,396
up €4,396 (+21.6%), from €20,341 to €24,738
- Gross operating margin +€16,397
up €16,397 (+12.2%), from €133,900 to €150,298
- Taxes -€3,904
down €3,904 (-9.1%), from €43,135 to €39,230
- Other operating charges -€1,798
down €1,798 (-84.3%), from €2,132 to €335
- Financial income +€1,545
up €1,545 (+30900.6%), from €5 to €1,550
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 | €119,071 | €234,137 | +€115,066 | +96.6% |
| Fixed assets | 21/28 | €1,643 | €1,052 | -€591 | -36.0% |
| Tangible fixed assets | 22/27 | €1,643 | €1,052 | -€591 | -36.0% |
| Furniture and vehicles | 24 | €1,643 | €1,052 | -€591 | -36.0% |
| Current assets | 29/58 | €117,428 | €233,085 | +€115,657 | +98.5% |
| Amounts receivable within one year | 40/41 | €15,428 | €38,014 | +€22,587 | +146.4% |
| Trade receivables | 40 | €15,428 | €38,014 | +€22,587 | +146.4% |
| Current investments | 50/53 | €50,000 | €140,000 | +€90,000 | +180.0% |
| Cash at bank and in hand | 54/58 | €51,527 | €55,031 | +€3,504 | +6.8% |
| Deferred charges and accrued income | 490/1 | €473 | €40 | -€433 | -91.5% |
| Total equity and liabilities | 10/49 | €119,071 | €234,137 | +€115,066 | +96.6% |
| Equity | 10/15 | €96,465 | €206,922 | +€110,457 | +114.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,465 | €196,922 | +€110,457 | +127.7% |
| Distributable reserves | 133 | €86,465 | €196,922 | +€110,457 | +127.7% |
| Amounts payable | 17/49 | €22,606 | €27,216 | +€4,609 | +20.4% |
| Amounts payable within one year | 42/48 | €21,735 | €26,318 | +€4,583 | +21.1% |
| Trade debts | 44 | €1,348 | €1,580 | +€232 | +17.2% |
| Suppliers | 440/4 | €1,348 | €1,580 | +€232 | +17.2% |
| Taxes, remuneration and social security | 45 | €20,341 | €24,738 | +€4,396 | +21.6% |
| Taxes | 450/3 | €20,341 | €24,738 | +€4,396 | +21.6% |
| Other amounts payable | 47/48 | €46 | - | -€46 | |
| Accrued charges and deferred income | 492/3 | €872 | €898 | +€26 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €591 | +€156 | +35.9% |
| Other operating charges | 640/8 | €2,132 | €335 | -€1,798 | -84.3% |
| Gross operating margin | 9900 | €133,900 | €150,298 | +€16,397 | +12.2% |
| Operating profit (loss) | 9901 | €131,333 | €149,372 | +€18,039 | +13.7% |
| Financial income | 75/76B | €5 | €1,550 | +€1,545 | +30900.6% |
| Recurring financial income | 75 | €5 | €1,550 | +€1,545 | +30900.6% |
| Financial charges | 65/66B | €1,738 | €1,235 | -€504 | -29.0% |
| Recurring financial charges | 65 | €1,738 | €1,235 | -€504 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €129,600 | €149,687 | +€20,088 | +15.5% |
| Income taxes | 67/77 | €43,135 | €39,230 | -€3,904 | -9.1% |
| Profit (loss) for the period | 9904 | €86,465 | €110,457 | +€23,992 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,465 | €110,457 | +€23,992 | +27.7% |
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 12 October 2026 via checked.be.