MF COMPANY: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MF COMPANY
Largest movements
- Receivables within one year -€23,892
down €23,892 (-29.0%), from €82,434 to €58,542
of which Trade receivables: -€23,653
- Stocks and contracts +€8,540
up €8,540 (+21.4%), from €39,983 to €48,523
- Cash +€6,535
up €6,535 (+67.5%), from €9,676 to €16,211
mainly Receivables within one year (+€23,892) and Tax, wage and social debts (+€10,307)
- Intangible fixed assets -€4,500
down €4,500 (-11.6%), from €38,700 to €34,200
- Trade debts -€19,769
down €19,769 (-20.1%), from €98,394 to €78,624
- Other debts -€11,651
down €11,651 (-40.0%), from €29,146 to €17,495
- Tax, wage and social debts +€10,307
up €10,307 (+46.5%), from €22,169 to €32,476
of which Remuneration and social security: +€9,654
- Short-term financial debts +€9,976
up €9,976 (+42,146%), from €24 to €10,000
- Gross operating margin -€5,811
down €5,811 (-7.9%), from €73,427 to €67,615
- Other operating charges -€2,329
down €2,329 (-37.4%), from €6,231 to €3,902
- Staff costs -€1,783
down €1,783 (-3.8%), from €47,085 to €45,301
- Financial charges +€1,479
up €1,479 (+21.7%), from €6,831 to €8,310
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 | €173,293 | €161,060 | -€12,233 | -7.1% |
| Fixed assets | 21/28 | €41,200 | €37,579 | -€3,621 | -8.8% |
| Intangible fixed assets | 21 | €38,700 | €34,200 | -€4,500 | -11.6% |
| Tangible fixed assets | 22/27 | - | €879 | +€879 | |
| Furniture and vehicles | 24 | - | €879 | +€879 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €132,093 | €123,481 | -€8,612 | -6.5% |
| Stocks and contracts in progress | 3 | €39,983 | €48,523 | +€8,540 | +21.4% |
| Stocks | 30/36 | €39,983 | €48,523 | +€8,540 | +21.4% |
| Amounts receivable within one year | 40/41 | €82,434 | €58,542 | -€23,892 | -29.0% |
| Trade receivables | 40 | €82,067 | €58,414 | -€23,653 | -28.8% |
| Other amounts receivable | 41 | €367 | €128 | -€239 | -65.1% |
| Cash at bank and in hand | 54/58 | €9,676 | €16,211 | +€6,535 | +67.5% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €173,293 | €161,060 | -€12,233 | -7.1% |
| Equity | 10/15 | €23,560 | €22,464 | -€1,096 | -4.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,460 | €22,364 | -€1,096 | -4.7% |
| Amounts payable | 17/49 | €149,732 | €138,595 | -€11,137 | -7.4% |
| Amounts payable within one year | 42/48 | €149,732 | €138,595 | -€11,137 | -7.4% |
| Financial debts | 43 | €24 | €10,000 | +€9,976 | +42,146% |
| Credit institutions | 430/8 | €24 | €10,000 | +€9,976 | +42,146% |
| Trade debts | 44 | €98,394 | €78,624 | -€19,769 | -20.1% |
| Suppliers | 440/4 | €98,394 | €78,624 | -€19,769 | -20.1% |
| Taxes, remuneration and social security | 45 | €22,169 | €32,476 | +€10,307 | +46.5% |
| Taxes | 450/3 | €11,233 | €11,886 | +€654 | +5.8% |
| Remuneration and social security | 454/9 | €10,936 | €20,590 | +€9,654 | +88.3% |
| Other amounts payable | 47/48 | €29,146 | €17,495 | -€11,651 | -40.0% |
| Remuneration, social security and pensions | 62 | €47,085 | €45,301 | -€1,783 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €4,820 | +€320 | +7.1% |
| Other operating charges | 640/8 | €6,231 | €3,902 | -€2,329 | -37.4% |
| Non-recurring operating charges | 66A | €4,210 | €2,830 | -€1,380 | -32.8% |
| Gross operating margin | 9900 | €73,427 | €67,615 | -€5,811 | -7.9% |
| Operating profit (loss) | 9901 | €11,401 | €10,763 | -€638 | -5.6% |
| Financial charges | 65/66B | €6,831 | €8,310 | +€1,479 | +21.7% |
| Recurring financial charges | 65 | €6,831 | €8,310 | +€1,479 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €4,569 | €2,452 | -€2,117 | -46.3% |
| Income taxes | 67/77 | €3,063 | €3,549 | +€485 | +15.8% |
| Profit (loss) for the period | 9904 | €1,506 | -€1,096 | -€2,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,506 | -€1,096 | -€2,602 |
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 1 November 2026 via checked.be.