MF DYNAMICS: 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.
MF DYNAMICS
Largest movements
- Stocks and contracts -€2,890
down €2,890 (-33.1%), from €8,742 to €5,852
- Receivables within one year +€2,776
up €2,776 (+199.3%), from €1,393 to €4,169
of which Trade receivables: +€3,671
- Cash +€1,926
up €1,926 (+55.9%), from €3,444 to €5,370
mainly Stocks and contracts (+€2,890) and Net result for the year (+€2,162)
- Tangible fixed assets +€326
up €326 (+62.1%), from €524 to €850
- Other debts -€2,309
down €2,309 (-34.0%), from €6,784 to €4,475
- Profit (loss) carried forward +€2,162
up €2,162 (+16.2%), from -€13,313 to -€11,151
- Trade debts +€1,315
up €1,315 (+228.2%), from €576 to €1,891
- Tax, wage and social debts +€970
up €970 (+1733.1%), from €56 to €1,025
- Gross operating margin +€6,369
up €6,369, from -€1,705 to €4,664
- Write-downs +€1,459
new in 2025: €1,459
- Depreciation +€210
up €210 (+84.7%), from €248 to €459
- Financial charges +€51
up €51 (+35.1%), from €145 to €196
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 | €14,103 | €16,240 | +€2,137 | +15.2% |
| Fixed assets | 21/28 | €524 | €850 | +€326 | +62.1% |
| Tangible fixed assets | 22/27 | €524 | €850 | +€326 | +62.1% |
| Furniture and vehicles | 24 | €524 | €850 | +€326 | +62.1% |
| Current assets | 29/58 | €13,579 | €15,390 | +€1,812 | +13.3% |
| Stocks and contracts in progress | 3 | €8,742 | €5,852 | -€2,890 | -33.1% |
| Stocks | 30/36 | €8,742 | €5,852 | -€2,890 | -33.1% |
| Amounts receivable within one year | 40/41 | €1,393 | €4,169 | +€2,776 | +199.3% |
| Trade receivables | 40 | €498 | €4,169 | +€3,671 | +737.6% |
| Other amounts receivable | 41 | €895 | - | -€895 | |
| Cash at bank and in hand | 54/58 | €3,444 | €5,370 | +€1,926 | +55.9% |
| Total equity and liabilities | 10/49 | €14,103 | €16,240 | +€2,137 | +15.2% |
| Equity | 10/15 | €6,687 | €8,849 | +€2,162 | +32.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,313 | -€11,151 | +€2,162 | +16.2% |
| Amounts payable | 17/49 | €7,416 | €7,391 | -€25 | -0.3% |
| Amounts payable within one year | 42/48 | €7,416 | €7,391 | -€25 | -0.3% |
| Trade debts | 44 | €576 | €1,891 | +€1,315 | +228.2% |
| Suppliers | 440/4 | €576 | €1,891 | +€1,315 | +228.2% |
| Taxes, remuneration and social security | 45 | €56 | €1,025 | +€970 | +1733.1% |
| Taxes | 450/3 | €56 | €1,025 | +€970 | +1733.1% |
| Other amounts payable | 47/48 | €6,784 | €4,475 | -€2,309 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €459 | +€210 | +84.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,459 | +€1,459 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€1,705 | €4,664 | +€6,369 | |
| Operating profit (loss) | 9901 | -€2,338 | €2,359 | +€4,696 | |
| Financial charges | 65/66B | €145 | €196 | +€51 | +35.1% |
| Recurring financial charges | 65 | €145 | €196 | +€51 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,483 | €2,162 | +€4,645 | |
| Profit (loss) for the period | 9904 | -€2,483 | €2,162 | +€4,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,483 | €2,162 | +€4,645 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.