GROEP MFK: 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.
GROEP MFK
Largest movements
- Cash +€59,640
up €59,640 (+181%), from €32,925 to €92,565
mainly Net result for the year (+€87,672) and Other debts (+€37,405)
- Receivables within one year -€3,776
down €3,776 (-15.8%), from €23,865 to €20,090
of which Trade receivables: -€9,172
- Tangible fixed assets -€3,670
down €3,670 (-61.2%), from €5,996 to €2,326
- Other debts +€37,405
up €37,405 (+104%), from €36,012 to €73,417
- Tax, wage and social debts +€14,230
up €14,230 (+112%), from €12,652 to €26,883
of which Taxes: +€11,230
- Gross operating margin +€55,308
up €55,308 (+89.4%), from €61,886 to €117,193
- Taxes +€8,671
up €8,671 (+58.9%), from €14,723 to €23,394
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 | €62,786 | €114,981 | +€52,195 | +83.1% |
| Fixed assets | 21/28 | €5,996 | €2,326 | -€3,670 | -61.2% |
| Tangible fixed assets | 22/27 | €5,996 | €2,326 | -€3,670 | -61.2% |
| Furniture and vehicles | 24 | €5,996 | €2,326 | -€3,670 | -61.2% |
| Current assets | 29/58 | €56,790 | €112,654 | +€55,865 | +98.4% |
| Amounts receivable within one year | 40/41 | €23,865 | €20,090 | -€3,776 | -15.8% |
| Trade receivables | 40 | €21,948 | €12,776 | -€9,172 | -41.8% |
| Other amounts receivable | 41 | €1,917 | €7,314 | +€5,396 | +281% |
| Cash at bank and in hand | 54/58 | €32,925 | €92,565 | +€59,640 | +181% |
| Total equity and liabilities | 10/49 | €62,786 | €114,981 | +€52,195 | +83.1% |
| Equity | 10/15 | €13,634 | €13,634 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,634 | €3,634 | = | 0.0% |
| Distributable reserves | 133 | €3,634 | €3,634 | = | 0.0% |
| Amounts payable | 17/49 | €49,152 | €101,347 | +€52,195 | +106% |
| Amounts payable within one year | 42/48 | €49,152 | €101,347 | +€52,195 | +106% |
| Trade debts | 44 | €488 | €1,047 | +€559 | +115% |
| Suppliers | 440/4 | €488 | €1,047 | +€559 | +115% |
| Taxes, remuneration and social security | 45 | €12,652 | €26,883 | +€14,230 | +112% |
| Taxes | 450/3 | €11,252 | €22,483 | +€11,230 | +99.8% |
| Remuneration and social security | 454/9 | €1,400 | €4,400 | +€3,000 | +214% |
| Other amounts payable | 47/48 | €36,012 | €73,417 | +€37,405 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,970 | €3,670 | +€700 | +23.6% |
| Other operating charges | 640/8 | €1,108 | €1,314 | +€206 | +18.6% |
| Non-recurring operating charges | 66A | - | €1,262 | +€1,262 | |
| Gross operating margin | 9900 | €61,886 | €117,193 | +€55,308 | +89.4% |
| Operating profit (loss) | 9901 | €57,807 | €110,947 | +€53,140 | +91.9% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €193 | +€193 | |
| Financial charges | 65/66B | €179 | €74 | -€105 | -58.6% |
| Recurring financial charges | 65 | €179 | €74 | -€105 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €57,629 | €111,066 | +€53,437 | +92.7% |
| Income taxes | 67/77 | €14,723 | €23,394 | +€8,671 | +58.9% |
| Profit (loss) for the period | 9904 | €42,906 | €87,672 | +€44,767 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €42,906 | €87,672 | +€44,767 | +104% |
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 25 October 2026 via checked.be.