M-Fiber: what changed
M-Fiber
Largest movements
- Cash -€4,020
down €4,020 (-52.6%), from €7,645 to €3,625
mainly Net result for the year (-€23,192) and Receivables within one year (-€3,924)
- Receivables within one year +€3,924
up €3,924 (+435%), from €902 to €4,826
of which Trade receivables: +€4,744
- Tangible fixed assets -€1,873
down €1,873 (-28.9%), from €6,475 to €4,602
- Deferred charges and accrued income +€241
up €241 (+129%), from €187 to €428
- Profit (loss) carried forward -€23,192
down €23,192 (-199%), from -€11,655 to -€34,848
- Other debts +€8,206
up €8,206 (+58.9%), from €13,921 to €22,127
- Tax, wage and social debts +€6,662
up €6,662 (+466%), from €1,431 to €8,093
of which Remuneration and social security: +€6,500
- Debts after one year +€6,000
new in 2025: €6,000
- Trade debts +€1,664
up €1,664 (+375%), from €444 to €2,108
- Gross operating margin -€11,679
down €11,679 (-125%), from -€9,340 to -€21,019
- Other operating charges -€501
down €501 (-100%), from €501 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,271 | €13,481 | -€1,790 | -11.7% |
| Formation expenses | 20 | €62 | €0 | -€62 | -100% |
| Fixed assets | 21/28 | €6,475 | €4,602 | -€1,873 | -28.9% |
| Tangible fixed assets | 22/27 | €6,475 | €4,602 | -€1,873 | -28.9% |
| Plant, machinery and equipment | 23 | €6,475 | €4,602 | -€1,873 | -28.9% |
| Current assets | 29/58 | €8,734 | €8,879 | +€145 | +1.7% |
| Amounts receivable within one year | 40/41 | €902 | €4,826 | +€3,924 | +435% |
| Trade receivables | 40 | - | €4,744 | +€4,744 | |
| Other amounts receivable | 41 | €902 | €81 | -€821 | -91.0% |
| Cash at bank and in hand | 54/58 | €7,645 | €3,625 | -€4,020 | -52.6% |
| Deferred charges and accrued income | 490/1 | €187 | €428 | +€241 | +129% |
| Total equity and liabilities | 10/49 | €15,271 | €13,481 | -€1,790 | -11.7% |
| Equity | 10/15 | -€1,655 | -€24,848 | -€23,192 | -1,401% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,655 | -€34,848 | -€23,192 | -199% |
| Amounts payable | 17/49 | €16,926 | €38,328 | +€21,402 | +126% |
| Amounts payable after more than one year | 17 | - | €6,000 | +€6,000 | |
| Financial debts | 170/4 | - | €6,000 | +€6,000 | |
| Amounts payable within one year | 42/48 | €16,926 | €32,328 | +€15,402 | +91.0% |
| Trade debts | 44 | €444 | €2,108 | +€1,664 | +375% |
| Suppliers | 440/4 | €444 | €2,108 | +€1,664 | +375% |
| Advances received on contracts in progress | 46 | €1,130 | €0 | -€1,130 | -100% |
| Taxes, remuneration and social security | 45 | €1,431 | €8,093 | +€6,662 | +466% |
| Taxes | 450/3 | €331 | €493 | +€162 | +49.0% |
| Remuneration and social security | 454/9 | €1,100 | €7,600 | +€6,500 | +591% |
| Other amounts payable | 47/48 | €13,921 | €22,127 | +€8,206 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €1,935 | +€197 | +11.3% |
| Other operating charges | 640/8 | €501 | €0 | -€501 | -100% |
| Gross operating margin | 9900 | -€9,340 | -€21,019 | -€11,679 | -125% |
| Operating profit (loss) | 9901 | -€11,579 | -€22,954 | -€11,375 | -98.2% |
| Financial charges | 65/66B | €76 | €238 | +€162 | +212% |
| Recurring financial charges | 65 | €76 | €238 | +€162 | +212% |
| Profit (loss) for the period before taxes | 9903 | -€11,655 | -€23,192 | -€11,537 | -99.0% |
| Profit (loss) for the period | 9904 | -€11,655 | -€23,192 | -€11,537 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,655 | -€23,192 | -€11,537 | -99.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.