MTCO CONSULTING: what changed
Two fiscal 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.
MTCO CONSULTING
Largest movements
- Current investments +€80,000
up €80,000 (+34.8%), from €229,802 to €309,802
- Tangible fixed assets -€38,503
down €38,503 (-8.8%), from €436,156 to €397,653
of which Land and buildings: -€37,468
- Reserves +€73,000
up €73,000 (+7.3%), from €995,360 to €1.1m
of which Distributable reserves: +€73,000
- Debts after one year -€42,619
down €42,619 (-35.9%), from €118,694 to €76,075
- Gross operating margin +€31,292
up €31,292 (+21.8%), from €143,714 to €175,006
- Taxes +€10,215
up €10,215 (+25.3%), from €40,452 to €50,667
- Depreciation -€5,403
down €5,403 (-10.8%), from €50,051 to €44,648
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,304,091 | €2,337,604 | +€33,512 | +1.5% |
| Fixed assets | 21/28 | €576,194 | €544,291 | -€31,903 | -5.5% |
| Tangible fixed assets | 22/27 | €436,156 | €397,653 | -€38,503 | -8.8% |
| Land and buildings | 22 | €266,045 | €228,577 | -€37,468 | -14.1% |
| Furniture and vehicles | 24 | €170,111 | €169,076 | -€1,035 | -0.6% |
| Financial fixed assets | 28 | €140,038 | €146,638 | +€6,600 | +4.7% |
| Current assets | 29/58 | €1,727,897 | €1,793,312 | +€65,415 | +3.8% |
| Amounts receivable within one year | 40/41 | €1,493,210 | €1,476,351 | -€16,859 | -1.1% |
| Trade receivables | 40 | €732,221 | €790,721 | +€58,500 | +8.0% |
| Other amounts receivable | 41 | €760,989 | €685,630 | -€75,359 | -9.9% |
| Current investments | 50/53 | €229,802 | €309,802 | +€80,000 | +34.8% |
| Cash at bank and in hand | 54/58 | €729 | €5,605 | +€4,876 | +668.5% |
| Deferred charges and accrued income | 490/1 | €4,156 | €1,555 | -€2,601 | -62.6% |
| Total equity and liabilities | 10/49 | €2,304,091 | €2,337,604 | +€33,512 | +1.5% |
| Equity | 10/15 | €2,081,987 | €2,155,162 | +€73,175 | +3.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €995,360 | €1,068,360 | +€73,000 | +7.3% |
| Non-distributable reserves | 130/1 | €35,360 | €35,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,360 | €35,360 | = | 0.0% |
| Distributable reserves | 133 | €960,000 | €1,033,000 | +€73,000 | +7.6% |
| Profit (loss) carried forward | 14 | €1,080,430 | €1,080,605 | +€175 | 0.0% |
| Amounts payable | 17/49 | €222,104 | €182,442 | -€39,662 | -17.9% |
| Amounts payable after more than one year | 17 | €118,694 | €76,075 | -€42,619 | -35.9% |
| Financial debts | 170/4 | €118,694 | €76,075 | -€42,619 | -35.9% |
| Amounts payable within one year | 42/48 | €103,411 | €106,367 | +€2,956 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €42,010 | €42,619 | +€609 | +1.4% |
| Financial debts | 43 | €2,062 | - | -€2,062 | |
| Credit institutions | 430/8 | €2,062 | - | -€2,062 | |
| Trade debts | 44 | €18,749 | €23,539 | +€4,789 | +25.5% |
| Suppliers | 440/4 | €18,749 | €23,539 | +€4,789 | +25.5% |
| Taxes, remuneration and social security | 45 | €40,589 | €40,210 | -€380 | -0.9% |
| Taxes | 450/3 | €40,589 | €40,210 | -€380 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,051 | €44,648 | -€5,403 | -10.8% |
| Other operating charges | 640/8 | €2,897 | €3,003 | +€107 | +3.7% |
| Gross operating margin | 9900 | €143,714 | €175,006 | +€31,292 | +21.8% |
| Operating profit (loss) | 9901 | €90,766 | €127,354 | +€36,588 | +40.3% |
| Financial charges | 65/66B | €3,970 | €3,512 | -€458 | -11.5% |
| Recurring financial charges | 65 | €3,970 | €3,512 | -€458 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €86,796 | €123,842 | +€37,046 | +42.7% |
| Income taxes | 67/77 | €40,452 | €50,667 | +€10,215 | +25.3% |
| Profit (loss) for the period | 9904 | €46,344 | €73,175 | +€26,831 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,344 | €73,175 | +€26,831 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.