MTA Consult: 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.
MTA Consult
Largest movements
- Cash +€58,297
up €58,297 (+18.8%), from €310,559 to €368,855
mainly Other debts (+€92,825) and Receivables within one year (+€4,887)
- Receivables within one year -€4,887
down €4,887 (-9.6%), from €50,906 to €46,020
of which Other amounts receivable: -€19,694
- Other debts +€92,825
up €92,825 (+148%), from €62,892 to €155,717
- Profit (loss) carried forward -€34,441
down €34,441 (-12.8%), from €268,356 to €233,915
- Current portion of long-term debt -€5,618
no longer reported in 2026 (was €5,618)
- Trade debts -€5,479
down €5,479 (-27.2%), from €20,129 to €14,650
- Financial charges +€64,235
up €64,235 (+60.5%), from €106,169 to €170,404
- Gross operating margin -€12,913
down €12,913 (-8.5%), from €152,038 to €139,125
- Taxes -€9,367
down €9,367 (-97.9%), from €9,564 to €196
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,080 | €446,535 | +€50,455 | +12.7% |
| Fixed assets | 21/28 | €30,958 | €27,758 | -€3,200 | -10.3% |
| Tangible fixed assets | 22/27 | €30,800 | €27,600 | -€3,200 | -10.4% |
| Land and buildings | 22 | €30,800 | €27,600 | -€3,200 | -10.4% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €365,122 | €418,777 | +€53,655 | +14.7% |
| Amounts receivable within one year | 40/41 | €50,906 | €46,020 | -€4,887 | -9.6% |
| Trade receivables | 40 | €30,663 | €45,471 | +€14,808 | +48.3% |
| Other amounts receivable | 41 | €20,243 | €549 | -€19,694 | -97.3% |
| Cash at bank and in hand | 54/58 | €310,559 | €368,855 | +€58,297 | +18.8% |
| Deferred charges and accrued income | 490/1 | €3,657 | €3,902 | +€245 | +6.7% |
| Total equity and liabilities | 10/49 | €396,080 | €446,535 | +€50,455 | +12.7% |
| Equity | 10/15 | €288,816 | €254,375 | -€34,441 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,356 | €233,915 | -€34,441 | -12.8% |
| Amounts payable | 17/49 | €107,264 | €192,160 | +€84,896 | +79.1% |
| Amounts payable within one year | 42/48 | €107,264 | €192,160 | +€84,896 | +79.1% |
| Current portion of amounts payable after more than one year | 42 | €5,618 | - | -€5,618 | |
| Trade debts | 44 | €20,129 | €14,650 | -€5,479 | -27.2% |
| Suppliers | 440/4 | €20,129 | €14,650 | -€5,479 | -27.2% |
| Taxes, remuneration and social security | 45 | €18,624 | €21,793 | +€3,169 | +17.0% |
| Taxes | 450/3 | €18,065 | €15,474 | -€2,591 | -14.3% |
| Remuneration and social security | 454/9 | €559 | €6,319 | +€5,760 | +1,031% |
| Other amounts payable | 47/48 | €62,892 | €155,717 | +€92,825 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,200 | €3,200 | = | 0.0% |
| Other operating charges | 640/8 | €1,833 | €1,647 | -€185 | -10.1% |
| Gross operating margin | 9900 | €152,038 | €139,125 | -€12,913 | -8.5% |
| Operating profit (loss) | 9901 | €147,005 | €134,277 | -€12,728 | -8.7% |
| Financial income | 75/76B | €899 | €1,882 | +€983 | +109% |
| Recurring financial income | 75 | €899 | €1,882 | +€983 | +109% |
| Financial charges | 65/66B | €106,169 | €170,404 | +€64,235 | +60.5% |
| Recurring financial charges | 65 | €106,169 | €170,404 | +€64,235 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €41,736 | -€34,245 | -€75,981 | |
| Income taxes | 67/77 | €9,564 | €196 | -€9,367 | -97.9% |
| Profit (loss) for the period | 9904 | €32,172 | -€34,441 | -€66,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,172 | -€34,441 | -€66,613 |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.