BUREAU TECHNIQUE MAFI: 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.
BUREAU TECHNIQUE MAFI
Largest movements
- Cash -€31,877
down €31,877 (-60.3%), from €52,870 to €20,992
mainly Debts after one year (-€55,000) and Other debts (-€4,630)
- Current investments -€13,890
down €13,890 (-79.7%), from €17,432 to €3,542
- Intangible fixed assets -€4,160
down €4,160 (-27.1%), from €15,353 to €11,193
- Tangible fixed assets +€2,036
up €2,036 (+13.2%), from €15,375 to €17,412
of which Furniture and vehicles: +€2,771
- Deferred charges and accrued income +€1,916
new in 2025: €1,916
- Debts after one year -€55,000
no longer reported in 2025 (was €55,000)
- Profit (loss) carried forward +€17,125
up €17,125 (+46.1%), from €37,114 to €54,238
- Other debts -€4,630
down €4,630 (-88.2%), from €5,250 to €620
- Gross operating margin -€24,745
down €24,745 (-51.4%), from €48,153 to €23,408
- Other operating charges -€973
down €973 (-47.8%), from €2,033 to €1,061
- Financial income -€544
down €544 (-45.0%), from €1,207 to €664
- Depreciation +€536
up €536 (+10.1%), from €5,296 to €5,832
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 | €182,752 | €138,467 | -€44,285 | -24.2% |
| Fixed assets | 21/28 | €64,169 | €62,045 | -€2,124 | -3.3% |
| Intangible fixed assets | 21 | €15,353 | €11,193 | -€4,160 | -27.1% |
| Tangible fixed assets | 22/27 | €15,375 | €17,412 | +€2,036 | +13.2% |
| Land and buildings | 22 | €14,329 | €13,594 | -€735 | -5.1% |
| Furniture and vehicles | 24 | €1,046 | €3,817 | +€2,771 | +265% |
| Financial fixed assets | 28 | €33,440 | €33,440 | = | 0.0% |
| Current assets | 29/58 | €118,583 | €76,422 | -€42,161 | -35.6% |
| Amounts receivable within one year | 40/41 | €48,282 | €49,972 | +€1,690 | +3.5% |
| Trade receivables | 40 | €14,630 | €15,028 | +€398 | +2.7% |
| Other amounts receivable | 41 | €33,652 | €34,945 | +€1,292 | +3.8% |
| Current investments | 50/53 | €17,432 | €3,542 | -€13,890 | -79.7% |
| Cash at bank and in hand | 54/58 | €52,870 | €20,992 | -€31,877 | -60.3% |
| Deferred charges and accrued income | 490/1 | - | €1,916 | +€1,916 | |
| Total equity and liabilities | 10/49 | €182,752 | €138,467 | -€44,285 | -24.2% |
| Equity | 10/15 | €105,314 | €122,438 | +€17,125 | +16.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,114 | €54,238 | +€17,125 | +46.1% |
| Amounts payable | 17/49 | €77,439 | €16,029 | -€61,410 | -79.3% |
| Amounts payable after more than one year | 17 | €55,000 | - | -€55,000 | |
| Other amounts payable | 178/9 | €55,000 | - | -€55,000 | |
| Amounts payable within one year | 42/48 | €22,439 | €16,029 | -€6,410 | -28.6% |
| Trade debts | 44 | €7,724 | €5,944 | -€1,780 | -23.0% |
| Suppliers | 440/4 | €7,724 | €5,944 | -€1,780 | -23.0% |
| Advances received on contracts in progress | 46 | €9,465 | €9,465 | = | 0.0% |
| Other amounts payable | 47/48 | €5,250 | €620 | -€4,630 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,296 | €5,832 | +€536 | +10.1% |
| Other operating charges | 640/8 | €2,033 | €1,061 | -€973 | -47.8% |
| Gross operating margin | 9900 | €48,153 | €23,408 | -€24,745 | -51.4% |
| Operating profit (loss) | 9901 | €40,823 | €16,515 | -€24,308 | -59.5% |
| Financial income | 75/76B | €1,207 | €664 | -€544 | -45.0% |
| Recurring financial income | 75 | €1,207 | €664 | -€544 | -45.0% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €41,980 | €17,125 | -€24,855 | -59.2% |
| Profit (loss) for the period | 9904 | €41,980 | €17,125 | -€24,855 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,980 | €17,125 | -€24,855 | -59.2% |
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 14 October 2026 via checked.be.