MAFH & J: 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.
MAFH & J
Largest movements
- Receivables within one year +€1,427
up €1,427 (+7.5%), from €19,036 to €20,463
of which Other amounts receivable: +€1,427
- Other debts +€9,926
up €9,926 (+15.6%), from €63,537 to €73,463
- Profit (loss) carried forward -€8,540
down €8,540 (-11.6%), from -€73,813 to -€82,353
- Gross operating margin -€4,385
down €4,385 (-126.9%), from -€3,455 to -€7,840
- Other operating charges +€144
up €144 (+37.5%), from €384 to €528
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.
Cash bridge derived
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 | €19,048 | €20,464 | +€1,416 | +7.4% |
| Current assets | 29/58 | €19,048 | €20,464 | +€1,416 | +7.4% |
| Amounts receivable within one year | 40/41 | €19,036 | €20,463 | +€1,427 | +7.5% |
| Trade receivables | 40 | €13,721 | €13,721 | = | 0.0% |
| Other amounts receivable | 41 | €5,315 | €6,742 | +€1,427 | +26.8% |
| Cash at bank and in hand | 54/58 | €12 | €1 | -€11 | -91.7% |
| Total equity and liabilities | 10/49 | €19,048 | €20,464 | +€1,416 | +7.4% |
| Equity | 10/15 | -€73,812 | -€82,352 | -€8,540 | -11.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,813 | -€82,353 | -€8,540 | -11.6% |
| Amounts payable | 17/49 | €92,860 | €102,816 | +€9,956 | +10.7% |
| Amounts payable within one year | 42/48 | €92,860 | €102,816 | +€9,956 | +10.7% |
| Trade debts | 44 | €29,323 | €29,296 | -€27 | -0.1% |
| Suppliers | 440/4 | €29,323 | €29,296 | -€27 | -0.1% |
| Taxes, remuneration and social security | 45 | - | €57 | +€57 | |
| Taxes | 450/3 | - | €57 | +€57 | |
| Other amounts payable | 47/48 | €63,537 | €73,463 | +€9,926 | +15.6% |
| Other operating charges | 640/8 | €384 | €528 | +€144 | +37.5% |
| Gross operating margin | 9900 | -€3,455 | -€7,840 | -€4,385 | -126.9% |
| Operating profit (loss) | 9901 | -€3,839 | -€8,368 | -€4,529 | -118.0% |
| Financial charges | 65/66B | €178 | €172 | -€6 | -3.4% |
| Recurring financial charges | 65 | €178 | €172 | -€6 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,017 | -€8,540 | -€4,523 | -112.6% |
| Profit (loss) for the period | 9904 | -€4,017 | -€8,540 | -€4,523 | -112.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,017 | -€8,540 | -€4,523 | -112.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.