MF Elec: 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.
MF Elec
Largest movements
- Receivables within one year -€10,661
down €10,661 (-74.7%), from €14,264 to €3,603
of which Trade receivables: -€7,421
- Cash +€8,421
up €8,421 (+17.0%), from €49,498 to €57,919
mainly Receivables within one year (+€10,661) and Depreciation (+€5,271)
- Intangible fixed assets -€5,002
down €5,002 (-50.0%), from €9,994 to €4,993
- Stocks and contracts +€2,172
up €2,172 (+62.6%), from €3,470 to €5,642
- Reserves -€10,000
down €10,000 (-18.4%), from €54,300 to €44,300
- Trade debts +€2,959
up €2,959 (+140.6%), from €2,104 to €5,063
- Tax, wage and social debts +€1,321
up €1,321 (+750.5%), from €176 to €1,498
- Other debts +€1,155
up €1,155 (+7.8%), from €14,783 to €15,938
- Gross operating margin -€8,902
down €8,902 (-32.0%), from €27,849 to €18,947
- Other operating charges +€2,447
up €2,447 (+215.6%), from €1,135 to €3,582
- Taxes +€800
up €800 (+17.0%), from €4,697 to €5,498
- Depreciation -€435
down €435 (-7.6%), from €5,706 to €5,271
- Financial charges +€430
up €430 (+37.0%), from €1,162 to €1,591
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 | €78,005 | €73,199 | -€4,806 | -6.2% |
| Fixed assets | 21/28 | €10,410 | €5,138 | -€5,271 | -50.6% |
| Intangible fixed assets | 21 | €9,994 | €4,993 | -€5,002 | -50.0% |
| Tangible fixed assets | 22/27 | €416 | €146 | -€270 | -64.9% |
| Plant, machinery and equipment | 23 | €416 | €146 | -€270 | -64.9% |
| Current assets | 29/58 | €67,595 | €68,061 | +€466 | +0.7% |
| Stocks and contracts in progress | 3 | €3,470 | €5,642 | +€2,172 | +62.6% |
| Stocks | 30/36 | €3,470 | €5,642 | +€2,172 | +62.6% |
| Amounts receivable within one year | 40/41 | €14,264 | €3,603 | -€10,661 | -74.7% |
| Trade receivables | 40 | €10,962 | €3,540 | -€7,421 | -67.7% |
| Other amounts receivable | 41 | €3,303 | €62 | -€3,240 | -98.1% |
| Cash at bank and in hand | 54/58 | €49,498 | €57,919 | +€8,421 | +17.0% |
| Deferred charges and accrued income | 490/1 | €363 | €897 | +€534 | +147.4% |
| Total equity and liabilities | 10/49 | €78,005 | €73,199 | -€4,806 | -6.2% |
| Equity | 10/15 | €60,557 | €50,300 | -€10,257 | -16.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €54,300 | €44,300 | -€10,000 | -18.4% |
| Distributable reserves | 133 | €54,300 | €44,300 | -€10,000 | -18.4% |
| Profit (loss) carried forward | 14 | €257 | - | -€257 | |
| Amounts payable | 17/49 | €17,448 | €22,899 | +€5,451 | +31.2% |
| Amounts payable within one year | 42/48 | €17,064 | €22,499 | +€5,436 | +31.9% |
| Trade debts | 44 | €2,104 | €5,063 | +€2,959 | +140.6% |
| Suppliers | 440/4 | €2,104 | €5,063 | +€2,959 | +140.6% |
| Taxes, remuneration and social security | 45 | €176 | €1,498 | +€1,321 | +750.5% |
| Taxes | 450/3 | €176 | €1,498 | +€1,321 | +750.5% |
| Other amounts payable | 47/48 | €14,783 | €15,938 | +€1,155 | +7.8% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,706 | €5,271 | -€435 | -7.6% |
| Other operating charges | 640/8 | €1,135 | €3,582 | +€2,447 | +215.6% |
| Non-recurring operating charges | 66A | €2,829 | - | -€2,829 | |
| Gross operating margin | 9900 | €27,849 | €18,947 | -€8,902 | -32.0% |
| Operating profit (loss) | 9901 | €18,178 | €10,093 | -€8,085 | -44.5% |
| Financial income | 75/76B | €258 | €8 | -€250 | -96.9% |
| Recurring financial income | 75 | €258 | €8 | -€250 | -96.9% |
| Financial charges | 65/66B | €1,162 | €1,591 | +€430 | +37.0% |
| Recurring financial charges | 65 | €1,162 | €1,591 | +€430 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €17,275 | €8,510 | -€8,764 | -50.7% |
| Income taxes | 67/77 | €4,697 | €5,498 | +€800 | +17.0% |
| Profit (loss) for the period | 9904 | €12,577 | €3,013 | -€9,564 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,577 | €3,013 | -€9,564 | -76.0% |
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 30 September 2026 via checked.be.