M-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.
M-CONSULT
Largest movements
- Tangible fixed assets +€54,298
up €54,298 (+11.4%), from €475,738 to €530,037
of which Land and buildings: +€53,201
- Cash +€8,142
up €8,142 (+23.7%), from €34,413 to €42,555
mainly Debts after one year (+€35,106) and Depreciation (+€28,423)
- Deferred charges and accrued income +€6,232
up €6,232 (+2,626%), from €237 to €6,470
- Debts after one year +€35,106
up €35,106 (+17.9%), from €195,699 to €230,805
- Profit (loss) carried forward +€17,314
up €17,314 (+16.8%), from €103,168 to €120,482
- Current portion of long-term debt +€15,827
up €15,827 (+74.2%), from €21,339 to €37,167
- Reserves -€6,504
down €6,504 (-6.2%), from €104,762 to €98,258
of which Tax-exempt reserves: -€6,504
- Other debts +€5,994
up €5,994 (+56.1%), from €10,675 to €16,669
- Gross operating margin -€17,877
down €17,877 (-23.5%), from €76,003 to €58,125
- Financial charges -€6,746
down €6,746 (-38.7%), from €17,418 to €10,672
- Other operating charges +€4,985
up €4,985 (+97.5%), from €5,111 to €10,096
- Depreciation +€806
up €806 (+2.9%), from €27,617 to €28,423
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 | €511,908 | €581,029 | +€69,121 | +13.5% |
| Fixed assets | 21/28 | €475,738 | €530,037 | +€54,298 | +11.4% |
| Tangible fixed assets | 22/27 | €475,738 | €530,037 | +€54,298 | +11.4% |
| Land and buildings | 22 | €474,112 | €527,313 | +€53,201 | +11.2% |
| Plant, machinery and equipment | 23 | €1,627 | €2,724 | +€1,097 | +67.4% |
| Current assets | 29/58 | €36,170 | €50,992 | +€14,822 | +41.0% |
| Amounts receivable within one year | 40/41 | €1,520 | €1,967 | +€448 | +29.5% |
| Other amounts receivable | 41 | €1,520 | €1,967 | +€448 | +29.5% |
| Cash at bank and in hand | 54/58 | €34,413 | €42,555 | +€8,142 | +23.7% |
| Deferred charges and accrued income | 490/1 | €237 | €6,470 | +€6,232 | +2,626% |
| Total equity and liabilities | 10/49 | €511,908 | €581,029 | +€69,121 | +13.5% |
| Equity | 10/15 | €226,522 | €237,331 | +€10,810 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €104,762 | €98,258 | -€6,504 | -6.2% |
| Tax-exempt reserves | 132 | €102,902 | €96,398 | -€6,504 | -6.3% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,168 | €120,482 | +€17,314 | +16.8% |
| Provisions and deferred taxes | 16 | €34,301 | €32,133 | -€2,168 | -6.3% |
| Deferred taxes | 168 | €34,301 | €32,133 | -€2,168 | -6.3% |
| Amounts payable | 17/49 | €251,086 | €311,565 | +€60,479 | +24.1% |
| Amounts payable after more than one year | 17 | €195,699 | €230,805 | +€35,106 | +17.9% |
| Financial debts | 170/4 | €195,699 | €230,805 | +€35,106 | +17.9% |
| Amounts payable within one year | 42/48 | €55,387 | €80,759 | +€25,372 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €21,339 | €37,167 | +€15,827 | +74.2% |
| Trade debts | 44 | €16,615 | €15,784 | -€832 | -5.0% |
| Suppliers | 440/4 | €16,615 | €15,784 | -€832 | -5.0% |
| Taxes, remuneration and social security | 45 | €6,757 | €11,140 | +€4,383 | +64.9% |
| Taxes | 450/3 | €6,757 | €11,140 | +€4,383 | +64.9% |
| Other amounts payable | 47/48 | €10,675 | €16,669 | +€5,994 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,617 | €28,423 | +€806 | +2.9% |
| Other operating charges | 640/8 | €5,111 | €10,096 | +€4,985 | +97.5% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €76,003 | €58,125 | -€17,877 | -23.5% |
| Operating profit (loss) | 9901 | €43,274 | €19,480 | -€23,794 | -55.0% |
| Financial charges | 65/66B | €17,418 | €10,672 | -€6,746 | -38.7% |
| Recurring financial charges | 65 | €17,418 | €10,672 | -€6,746 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €25,857 | €8,808 | -€17,049 | -65.9% |
| Transfer from deferred taxes | 780 | €3,613 | €2,168 | -€1,445 | -40.0% |
| Income taxes | 67/77 | €249 | €166 | -€83 | -33.3% |
| Profit (loss) for the period | 9904 | €29,221 | €10,810 | -€18,411 | -63.0% |
| Transfer from tax-exempt reserves | 789 | €10,840 | €6,504 | -€4,336 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,061 | €17,314 | -€22,747 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.