MAFE CONSULTING: 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.
MAFE CONSULTING
Largest movements
- Receivables after one year -€23,990
down €23,990 (-9.2%), from €259,720 to €235,730
- Receivables within one year +€19,113
up €19,113 (+52.8%), from €36,211 to €55,324
of which Trade receivables: +€18,752
- Trade debts -€16,053
down €16,053 (-13.6%), from €117,840 to €101,787
- Profit (loss) carried forward +€11,799
up €11,799 (+7.3%), from €161,606 to €173,405
- Depreciation -€4,794
down €4,794 (-87.7%), from €5,469 to €675
- Taxes -€3,022
down €3,022 (-36.6%), from €8,259 to €5,237
- Gross operating margin -€370
down €370 (-1.6%), from €23,169 to €22,800
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 | €307,143 | €303,014 | -€4,129 | -1.3% |
| Fixed assets | 21/28 | €5,573 | €4,314 | -€1,259 | -22.6% |
| Tangible fixed assets | 22/27 | €5,373 | €4,114 | -€1,259 | -23.4% |
| Plant, machinery and equipment | 23 | €785 | €3,891 | +€3,106 | +396% |
| Furniture and vehicles | 24 | €4,588 | €223 | -€4,365 | -95.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €301,570 | €298,701 | -€2,870 | -1.0% |
| Amounts receivable after more than one year | 29 | €259,720 | €235,730 | -€23,990 | -9.2% |
| Trade receivables | 290 | €259,720 | €235,730 | -€23,990 | -9.2% |
| Amounts receivable within one year | 40/41 | €36,211 | €55,324 | +€19,113 | +52.8% |
| Trade receivables | 40 | €35,967 | €54,720 | +€18,752 | +52.1% |
| Other amounts receivable | 41 | €244 | €604 | +€361 | +148% |
| Cash at bank and in hand | 54/58 | €5,639 | €7,647 | +€2,008 | +35.6% |
| Total equity and liabilities | 10/49 | €307,143 | €303,014 | -€4,129 | -1.3% |
| Equity | 10/15 | €175,866 | €187,665 | +€11,799 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,606 | €173,405 | +€11,799 | +7.3% |
| Amounts payable | 17/49 | €131,277 | €115,350 | -€15,928 | -12.1% |
| Amounts payable within one year | 42/48 | €131,277 | €115,350 | -€15,928 | -12.1% |
| Trade debts | 44 | €117,840 | €101,787 | -€16,053 | -13.6% |
| Suppliers | 440/4 | €117,840 | €101,787 | -€16,053 | -13.6% |
| Taxes, remuneration and social security | 45 | €13,437 | €13,562 | +€125 | +0.9% |
| Taxes | 450/3 | €13,437 | €13,562 | +€125 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,469 | €675 | -€4,794 | -87.7% |
| Other operating charges | 640/8 | €4,344 | €4,249 | -€95 | -2.2% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €23,169 | €22,800 | -€370 | -1.6% |
| Operating profit (loss) | 9901 | €13,357 | €17,803 | +€4,446 | +33.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.8% |
| Financial charges | 65/66B | €852 | €767 | -€85 | -10.0% |
| Recurring financial charges | 65 | €852 | €767 | -€85 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €12,506 | €17,036 | +€4,530 | +36.2% |
| Income taxes | 67/77 | €8,259 | €5,237 | -€3,022 | -36.6% |
| Profit (loss) for the period | 9904 | €4,248 | €11,799 | +€7,551 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €4,248 | €11,799 | +€7,551 | +178% |
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 15 October 2026 via checked.be.