McFIE: 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.
McFIE
Largest movements
- Deferred charges and accrued income -€149,863
down €149,863 (-97.1%), from €154,302 to €4,439
- Cash +€80,336
up €80,336 (+481.5%), from €16,683 to €97,019
mainly Net result for the year (+€170,806) and Deferred charges and accrued income (+€149,863)
- Receivables after one year -€70,629
down €70,629 (-63.8%), from €110,629 to €40,000
- Debts after one year -€219,906
down €219,906 (-20.2%), from €1.1m to €867,351
- Reserves +€169,906
up €169,906 (+15.3%), from €1.1m to €1.3m
- Other debts -€136,464
down €136,464 (-13.0%), from €1.0m to €909,436
- Financial charges +€174,323
up €174,323 (+272.9%), from €63,888 to €238,211
- Gross operating margin -€89,647
down €89,647 (-15.4%), from €583,397 to €493,750
- Taxes -€49,366
down €49,366 (-37.1%), from €132,938 to €83,573
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 | €3,547,703 | €3,393,232 | -€154,472 | -4.4% |
| Fixed assets | 21/28 | €3,173,035 | €3,166,493 | -€6,542 | -0.2% |
| Tangible fixed assets | 22/27 | €12,760 | €14,193 | +€1,433 | +11.2% |
| Furniture and vehicles | 24 | €12,760 | €14,193 | +€1,433 | +11.2% |
| Financial fixed assets | 28 | €3,160,275 | €3,152,300 | -€7,975 | -0.3% |
| Current assets | 29/58 | €374,669 | €226,739 | -€147,930 | -39.5% |
| Amounts receivable after more than one year | 29 | €110,629 | €40,000 | -€70,629 | -63.8% |
| Other amounts receivable | 291 | €110,629 | €40,000 | -€70,629 | -63.8% |
| Amounts receivable within one year | 40/41 | €93,055 | €85,281 | -€7,774 | -8.4% |
| Trade receivables | 40 | €70,394 | €78,854 | +€8,460 | +12.0% |
| Other amounts receivable | 41 | €22,661 | €6,427 | -€16,234 | -71.6% |
| Cash at bank and in hand | 54/58 | €16,683 | €97,019 | +€80,336 | +481.5% |
| Deferred charges and accrued income | 490/1 | €154,302 | €4,439 | -€149,863 | -97.1% |
| Total equity and liabilities | 10/49 | €3,547,703 | €3,393,232 | -€154,472 | -4.4% |
| Equity | 10/15 | €1,134,420 | €1,304,326 | +€169,906 | +15.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,109,420 | €1,279,326 | +€169,906 | +15.3% |
| Distributable reserves | 133 | €1,109,420 | €1,279,326 | +€169,906 | +15.3% |
| Amounts payable | 17/49 | €2,413,283 | €2,088,906 | -€324,378 | -13.4% |
| Amounts payable after more than one year | 17 | €1,087,258 | €867,351 | -€219,906 | -20.2% |
| Financial debts | 170/4 | €1,087,258 | €867,351 | -€219,906 | -20.2% |
| Amounts payable within one year | 42/48 | €1,326,026 | €1,221,555 | -€104,471 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €210,968 | €219,906 | +€8,939 | +4.2% |
| Financial debts | 43 | - | €694 | +€694 | |
| Credit institutions | 430/8 | - | €694 | +€694 | |
| Trade debts | 44 | €7,497 | €13,543 | +€6,046 | +80.7% |
| Suppliers | 440/4 | €7,497 | €13,543 | +€6,046 | +80.7% |
| Taxes, remuneration and social security | 45 | €61,661 | €77,974 | +€16,313 | +26.5% |
| Taxes | 450/3 | €61,661 | €77,974 | +€16,313 | +26.5% |
| Other amounts payable | 47/48 | €1,045,900 | €909,436 | -€136,464 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,678 | €4,030 | +€1,352 | +50.5% |
| Other operating charges | 640/8 | €861 | €770 | -€92 | -10.6% |
| Gross operating margin | 9900 | €583,397 | €493,750 | -€89,647 | -15.4% |
| Operating profit (loss) | 9901 | €579,858 | €488,951 | -€90,907 | -15.7% |
| Financial income | 75/76B | €0 | €3,638 | +€3,638 | +2425240.0% |
| Recurring financial income | 75 | €0 | €3,638 | +€3,638 | +2425240.0% |
| Financial charges | 65/66B | €63,888 | €238,211 | +€174,323 | +272.9% |
| Recurring financial charges | 65 | €63,888 | €238,211 | +€174,323 | +272.9% |
| Profit (loss) for the period before taxes | 9903 | €515,971 | €254,378 | -€261,592 | -50.7% |
| Income taxes | 67/77 | €132,938 | €83,573 | -€49,366 | -37.1% |
| Profit (loss) for the period | 9904 | €383,032 | €170,806 | -€212,227 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €383,032 | €170,806 | -€212,227 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.