MAFISS: what changed
Two fiscal 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.
MAFISS
Largest movements
- Cash +€3,669
up €3,669 (+18.8%), from €19,532 to €23,201
mainly Net result for the year (+€5,695) and Depreciation (+€1,610)
- Tangible fixed assets -€1,610
down €1,610 (-49.2%), from €3,271 to €1,661
- Receivables within one year +€825
up €825 (+5179.7%), from €16 to €841
- Profit (loss) carried forward +€5,627
up €5,627 (+12.5%), from -€45,170 to -€39,543
- Debts after one year -€3,000
down €3,000 (-7.0%), from €42,960 to €39,960
of which Trade debts: -€15,960
- Tax, wage and social debts -€805
down €805 (-99.5%), from €808 to €4
- Trade debts +€786
up €786 (+67.1%), from €1,170 to €1,956
- Gross operating margin -€3,295
down €3,295 (-26.2%), from €12,575 to €9,280
- Other operating charges -€360
down €360 (-15.9%), from €2,268 to €1,908
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 | €23,156 | €25,918 | +€2,763 | +11.9% |
| Fixed assets | 21/28 | €3,271 | €1,661 | -€1,610 | -49.2% |
| Tangible fixed assets | 22/27 | €3,271 | €1,661 | -€1,610 | -49.2% |
| Other tangible fixed assets | 26 | €3,271 | €1,661 | -€1,610 | -49.2% |
| Current assets | 29/58 | €19,885 | €24,258 | +€4,373 | +22.0% |
| Amounts receivable within one year | 40/41 | €16 | €841 | +€825 | +5179.7% |
| Other amounts receivable | 41 | €16 | €841 | +€825 | +5179.7% |
| Cash at bank and in hand | 54/58 | €19,532 | €23,201 | +€3,669 | +18.8% |
| Deferred charges and accrued income | 490/1 | €336 | €216 | -€120 | -35.8% |
| Total equity and liabilities | 10/49 | €23,156 | €25,918 | +€2,763 | +11.9% |
| Equity | 10/15 | -€26,570 | -€20,943 | +€5,627 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,170 | -€39,543 | +€5,627 | +12.5% |
| Amounts payable | 17/49 | €49,725 | €46,861 | -€2,864 | -5.8% |
| Amounts payable after more than one year | 17 | €42,960 | €39,960 | -€3,000 | -7.0% |
| Financial debts | 170/4 | €27,000 | €39,960 | +€12,960 | +48.0% |
| Trade debts | 175 | €15,960 | €0 | -€15,960 | -100.0% |
| Amounts payable within one year | 42/48 | €6,765 | €6,901 | +€136 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €1,170 | €1,956 | +€786 | +67.1% |
| Suppliers | 440/4 | €1,170 | €1,956 | +€786 | +67.1% |
| Taxes, remuneration and social security | 45 | €808 | €4 | -€805 | -99.5% |
| Taxes | 450/3 | €808 | €4 | -€805 | -99.5% |
| Other amounts payable | 47/48 | €1,786 | €1,941 | +€154 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,610 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,268 | €1,908 | -€360 | -15.9% |
| Gross operating margin | 9900 | €12,575 | €9,280 | -€3,295 | -26.2% |
| Operating profit (loss) | 9901 | €8,697 | €5,762 | -€2,935 | -33.7% |
| Financial income | 75/76B | €25 | €5 | -€20 | -80.0% |
| Recurring financial income | 75 | €25 | €5 | -€20 | -80.0% |
| Financial charges | 65/66B | €44 | €72 | +€28 | +64.0% |
| Recurring financial charges | 65 | €44 | €72 | +€28 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | €5,695 | -€2,983 | -34.4% |
| Profit (loss) for the period | 9904 | €8,678 | €5,695 | -€2,983 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,678 | €5,695 | -€2,983 | -34.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.