MTRW 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.
MTRW Consulting
Largest movements
- Receivables within one year -€34,448
down €34,448 (-35.2%), from €97,876 to €63,428
- Cash -€31,411
down €31,411 (-69.5%), from €45,170 to €13,759
mainly Contributions, distributions and other (-€98,000) and Investment in fixed assets (net) (-€27,149)
- Tangible fixed assets +€19,612
new in 2025: €19,612
- Contributions -€98,000
down €98,000 (-98.8%), from €99,200 to €1,200
- Other debts +€24,436
new in 2025: €24,436
- Tax, wage and social debts -€17,821
down €17,821 (-48.7%), from €36,562 to €18,741
- Debts after one year +€11,684
new in 2025: €11,684
- Profit (loss) carried forward +€10,921
no longer reported in 2025 (was -€10,921)
- Gross operating margin -€32,347
down €32,347 (-47.4%), from €68,294 to €35,947
- Taxes -€8,303
down €8,303 (-46.9%), from €17,686 to €9,383
- Depreciation +€7,537
new in 2025: €7,537
- Financial charges +€1,080
up €1,080 (+1,480%), from €73 to €1,153
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 | €143,046 | €96,800 | -€46,247 | -32.3% |
| Fixed assets | 21/28 | - | €19,612 | +€19,612 | |
| Tangible fixed assets | 22/27 | - | €19,612 | +€19,612 | |
| Furniture and vehicles | 24 | - | €19,612 | +€19,612 | |
| Current assets | 29/58 | €143,046 | €77,188 | -€65,859 | -46.0% |
| Amounts receivable within one year | 40/41 | €97,876 | €63,428 | -€34,448 | -35.2% |
| Trade receivables | 40 | €97,876 | €63,428 | -€34,448 | -35.2% |
| Cash at bank and in hand | 54/58 | €45,170 | €13,759 | -€31,411 | -69.5% |
| Total equity and liabilities | 10/49 | €143,046 | €96,800 | -€46,247 | -32.3% |
| Equity | 10/15 | €88,719 | €7,578 | -€81,141 | -91.5% |
| Contributions | 10/11 | €99,200 | €1,200 | -€98,000 | -98.8% |
| Capital | 10 | €99,200 | - | -€99,200 | |
| Issued capital | 100 | €99,200 | - | -€99,200 | |
| Reserves | 13 | €440 | €6,378 | +€5,938 | +1,350% |
| Tax-exempt reserves | 132 | €440 | €440 | = | 0.0% |
| Distributable reserves | 133 | - | €5,938 | +€5,938 | |
| Profit (loss) carried forward | 14 | -€10,921 | - | +€10,921 | |
| Amounts payable | 17/49 | €54,327 | €89,222 | +€34,894 | +64.2% |
| Amounts payable after more than one year | 17 | - | €11,684 | +€11,684 | |
| Financial debts | 170/4 | - | €11,684 | +€11,684 | |
| Amounts payable within one year | 42/48 | €54,327 | €77,538 | +€23,210 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,961 | +€8,961 | |
| Trade debts | 44 | €17,766 | €25,400 | +€7,634 | +43.0% |
| Suppliers | 440/4 | €17,766 | €25,400 | +€7,634 | +43.0% |
| Taxes, remuneration and social security | 45 | €36,562 | €18,741 | -€17,821 | -48.7% |
| Taxes | 450/3 | €36,562 | €18,741 | -€17,821 | -48.7% |
| Other amounts payable | 47/48 | - | €24,436 | +€24,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,537 | +€7,537 | |
| Other operating charges | 640/8 | €667 | €1,015 | +€349 | +52.3% |
| Gross operating margin | 9900 | €68,294 | €35,947 | -€32,347 | -47.4% |
| Operating profit (loss) | 9901 | €67,627 | €27,394 | -€40,233 | -59.5% |
| Financial income | 75/76B | €451 | - | -€451 | |
| Recurring financial income | 75 | €451 | - | -€451 | |
| Financial charges | 65/66B | €73 | €1,153 | +€1,080 | +1,480% |
| Recurring financial charges | 65 | €73 | €1,153 | +€1,080 | +1,480% |
| Profit (loss) for the period before taxes | 9903 | €68,005 | €26,242 | -€41,763 | -61.4% |
| Income taxes | 67/77 | €17,686 | €9,383 | -€8,303 | -46.9% |
| Profit (loss) for the period | 9904 | €50,319 | €16,859 | -€33,460 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,319 | €16,859 | -€33,460 | -66.5% |
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 21 October 2026 via checked.be.