MTHR 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.
MTHR Consult
Largest movements
- Cash +€18,866
up €18,866 (+126%), from €15,017 to €33,882
mainly Net result for the year (+€29,392) and Deferred charges and accrued income (+€2,142)
- Receivables within one year +€10,259
up €10,259 (+51.8%), from €19,804 to €30,064
of which Trade receivables: +€15,277
- Deferred charges and accrued income -€2,142
down €2,142 (-26.7%), from €8,023 to €5,881
- Reserves +€26,517
up €26,517 (+100%), from €26,490 to €53,007
- Tax, wage and social debts +€1,756
up €1,756 (+16.5%), from €10,646 to €12,402
of which Taxes: +€1,756
- Other debts -€1,164
down €1,164 (-49.8%), from €2,336 to €1,172
- Gross operating margin +€31,984
up €31,984 (+328%), from €9,753 to €41,737
- Taxes +€6,212
up €6,212 (+210%), from €2,965 to €9,177
- Financial charges -€517
down €517 (-15.1%), from €3,414 to €2,897
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 | €43,663 | €70,560 | +€26,897 | +61.6% |
| Fixed assets | 21/28 | €819 | €732 | -€87 | -10.6% |
| Tangible fixed assets | 22/27 | €819 | €732 | -€87 | -10.6% |
| Furniture and vehicles | 24 | €819 | €732 | -€87 | -10.6% |
| Current assets | 29/58 | €42,844 | €69,828 | +€26,984 | +63.0% |
| Amounts receivable within one year | 40/41 | €19,804 | €30,064 | +€10,259 | +51.8% |
| Trade receivables | 40 | €10,164 | €25,441 | +€15,277 | +150% |
| Other amounts receivable | 41 | €9,640 | €4,623 | -€5,018 | -52.0% |
| Cash at bank and in hand | 54/58 | €15,017 | €33,882 | +€18,866 | +126% |
| Deferred charges and accrued income | 490/1 | €8,023 | €5,881 | -€2,142 | -26.7% |
| Total equity and liabilities | 10/49 | €43,663 | €70,560 | +€26,897 | +61.6% |
| Equity | 10/15 | €29,490 | €56,007 | +€26,517 | +89.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,490 | €53,007 | +€26,517 | +100% |
| Distributable reserves | 133 | €26,490 | €53,007 | +€26,517 | +100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,173 | €14,553 | +€380 | +2.7% |
| Amounts payable within one year | 42/48 | €13,900 | €14,456 | +€556 | +4.0% |
| Trade debts | 44 | €918 | €881 | -€37 | -4.0% |
| Suppliers | 440/4 | €918 | €881 | -€37 | -4.0% |
| Taxes, remuneration and social security | 45 | €10,646 | €12,402 | +€1,756 | +16.5% |
| Taxes | 450/3 | €8,346 | €10,102 | +€1,756 | +21.0% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,336 | €1,172 | -€1,164 | -49.8% |
| Accrued charges and deferred income | 492/3 | €273 | €98 | -€176 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €87 | +€38 | +77.6% |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | €9,753 | €41,737 | +€31,984 | +328% |
| Operating profit (loss) | 9901 | €9,523 | €41,465 | +€31,942 | +335% |
| Financial income | 75/76B | €21 | €2 | -€20 | -92.7% |
| Recurring financial income | 75 | €21 | €2 | -€20 | -92.7% |
| Financial charges | 65/66B | €3,414 | €2,897 | -€517 | -15.1% |
| Recurring financial charges | 65 | €3,414 | €2,897 | -€517 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €6,130 | €38,569 | +€32,439 | +529% |
| Income taxes | 67/77 | €2,965 | €9,177 | +€6,212 | +210% |
| Profit (loss) for the period | 9904 | €3,165 | €29,392 | +€26,227 | +829% |
| Profit (loss) for the period to be appropriated | 9905 | €3,165 | €29,392 | +€26,227 | +829% |
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 22 October 2026 via checked.be.