M & F SERVICES: 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 & F SERVICES
Largest movements
- Tangible fixed assets -€12,689
no longer reported in 2025 (was €12,689)
- Receivables within one year -€11,544
down €11,544 (-96.5%), from €11,963 to €419
of which Trade receivables: -€10,000
- Stocks and contracts -€10,602
no longer reported in 2025 (was €10,602)
- Cash -€3,485
down €3,485 (-97.0%), from €3,591 to €106
mainly Other debts (-€28,486) and Current portion of long-term debt (-€5,041)
- Deferred charges and accrued income -€639
no longer reported in 2025 (was €639)
- Other debts -€28,486
down €28,486 (-67.3%), from €42,350 to €13,864
- Current portion of long-term debt -€5,041
no longer reported in 2025 (was €5,041)
- Debts after one year -€2,962
no longer reported in 2025 (was €2,962)
- Profit (loss) carried forward -€2,680
down €2,680 (-6.9%), from -€38,684 to -€41,364
- Depreciation -€4,912
no longer reported in 2025 (was €4,912)
- Gross operating margin +€1,773
up €1,773 (+45.3%), from -€3,910 to -€2,137
- Other operating charges -€1,250
no longer reported in 2025 (was €1,250)
- Financial charges -€62
down €62 (-19.1%), from €325 to €263
- Taxes -€51
down €51 (-15.4%), from €331 to €280
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 | €39,484 | €525 | -€38,959 | -98.7% |
| Fixed assets | 21/28 | €12,689 | - | -€12,689 | |
| Tangible fixed assets | 22/27 | €12,689 | - | -€12,689 | |
| Furniture and vehicles | 24 | €12,689 | - | -€12,689 | |
| Current assets | 29/58 | €26,795 | €525 | -€26,270 | -98.0% |
| Stocks and contracts in progress | 3 | €10,602 | - | -€10,602 | |
| Stocks | 30/36 | €10,602 | - | -€10,602 | |
| Amounts receivable within one year | 40/41 | €11,963 | €419 | -€11,544 | -96.5% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €1,963 | €419 | -€1,544 | -78.7% |
| Cash at bank and in hand | 54/58 | €3,591 | €106 | -€3,485 | -97.0% |
| Deferred charges and accrued income | 490/1 | €639 | - | -€639 | |
| Total equity and liabilities | 10/49 | €39,484 | €525 | -€38,959 | -98.7% |
| Equity | 10/15 | -€11,184 | -€13,864 | -€2,680 | -24.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,684 | -€41,364 | -€2,680 | -6.9% |
| Amounts payable | 17/49 | €50,668 | €14,389 | -€36,279 | -71.6% |
| Amounts payable after more than one year | 17 | €2,962 | - | -€2,962 | |
| Financial debts | 170/4 | €2,962 | - | -€2,962 | |
| Amounts payable within one year | 42/48 | €47,706 | €14,389 | -€33,317 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €5,041 | - | -€5,041 | |
| Trade debts | 44 | €70 | - | -€70 | |
| Suppliers | 440/4 | €70 | - | -€70 | |
| Taxes, remuneration and social security | 45 | €245 | €525 | +€280 | +114% |
| Taxes | 450/3 | €245 | €525 | +€280 | +114% |
| Other amounts payable | 47/48 | €42,350 | €13,864 | -€28,486 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,912 | - | -€4,912 | |
| Other operating charges | 640/8 | €1,250 | - | -€1,250 | |
| Gross operating margin | 9900 | -€3,910 | -€2,137 | +€1,773 | +45.3% |
| Operating profit (loss) | 9901 | -€10,072 | -€2,137 | +€7,935 | +78.8% |
| Financial charges | 65/66B | €325 | €263 | -€62 | -19.1% |
| Recurring financial charges | 65 | €325 | €263 | -€62 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,397 | -€2,400 | +€7,997 | +76.9% |
| Income taxes | 67/77 | €331 | €280 | -€51 | -15.4% |
| Profit (loss) for the period | 9904 | -€10,728 | -€2,680 | +€8,048 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,728 | -€2,680 | +€8,048 | +75.0% |
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 30 October 2026 via checked.be.