MTN Consult: 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.
MTN Consult
Largest movements
- Receivables after one year +€250,000
new in 2025: €250,000
- Deferred charges and accrued income -€28,811
down €28,811 (-95.8%), from €30,062 to €1,251
- Cash +€24,107
up €24,107 (+45.1%), from €53,490 to €77,597
mainly Net result for the year (+€147,311) and Debts after one year (+€79,702)
- Tangible fixed assets +€8,233
new in 2025: €8,233
- Receivables within one year +€4,477
up €4,477 (+26.8%), from €16,698 to €21,175
- Reserves +€147,311
up €147,311 (+184.4%), from €79,870 to €227,181
- Debts after one year +€79,702
new in 2025: €79,702
of which Other amounts payable: +€50,000
- Current portion of long-term debt +€16,298
new in 2025: €16,298
- Tax, wage and social debts +€10,827
up €10,827 (+72.6%), from €14,910 to €25,737
of which Taxes: +€8,234
- Gross operating margin +€89,972
up €89,972 (+87.9%), from €102,300 to €192,272
- Taxes +€21,468
up €21,468 (+102.0%), from €21,054 to €42,522
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 | €100,924 | €358,256 | +€257,332 | +255.0% |
| Formation expenses | 20 | €675 | €0 | -€675 | -100.0% |
| Fixed assets | 21/28 | - | €8,233 | +€8,233 | |
| Tangible fixed assets | 22/27 | - | €8,233 | +€8,233 | |
| Plant, machinery and equipment | 23 | - | €8,233 | +€8,233 | |
| Current assets | 29/58 | €100,250 | €350,023 | +€249,774 | +249.2% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €16,698 | €21,175 | +€4,477 | +26.8% |
| Trade receivables | 40 | €16,698 | €21,175 | +€4,477 | +26.8% |
| Cash at bank and in hand | 54/58 | €53,490 | €77,597 | +€24,107 | +45.1% |
| Deferred charges and accrued income | 490/1 | €30,062 | €1,251 | -€28,811 | -95.8% |
| Total equity and liabilities | 10/49 | €100,924 | €358,256 | +€257,332 | +255.0% |
| Equity | 10/15 | €84,870 | €232,181 | +€147,311 | +173.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,870 | €227,181 | +€147,311 | +184.4% |
| Distributable reserves | 133 | €79,870 | €227,181 | +€147,311 | +184.4% |
| Amounts payable | 17/49 | €16,054 | €126,075 | +€110,021 | +685.3% |
| Amounts payable after more than one year | 17 | - | €79,702 | +€79,702 | |
| Financial debts | 170/4 | - | €29,702 | +€29,702 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €15,490 | €46,297 | +€30,808 | +198.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,298 | +€16,298 | |
| Trade debts | 44 | €162 | €2,047 | +€1,886 | +1164.4% |
| Suppliers | 440/4 | €162 | €2,047 | +€1,886 | +1164.4% |
| Taxes, remuneration and social security | 45 | €14,910 | €25,737 | +€10,827 | +72.6% |
| Taxes | 450/3 | €14,910 | €23,144 | +€8,234 | +55.2% |
| Remuneration and social security | 454/9 | - | €2,593 | +€2,593 | |
| Other amounts payable | 47/48 | €418 | €2,215 | +€1,798 | +430.5% |
| Accrued charges and deferred income | 492/3 | €565 | €75 | -€490 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349 | €1,952 | +€602 | +44.6% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €102,300 | €192,272 | +€89,972 | +87.9% |
| Operating profit (loss) | 9901 | €100,951 | €190,259 | +€89,308 | +88.5% |
| Financial income | 75/76B | €190 | €0 | -€190 | -100.0% |
| Recurring financial income | 75 | €190 | €0 | -€190 | -100.0% |
| Financial charges | 65/66B | €217 | €426 | +€209 | +96.5% |
| Recurring financial charges | 65 | €217 | €426 | +€209 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €100,924 | €189,833 | +€88,909 | +88.1% |
| Income taxes | 67/77 | €21,054 | €42,522 | +€21,468 | +102.0% |
| Profit (loss) for the period | 9904 | €79,870 | €147,311 | +€67,441 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,870 | €147,311 | +€67,441 | +84.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.