MF ENGINEERING: 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 ENGINEERING
Largest movements
- Tangible fixed assets -€84,606
down €84,606 (-10.3%), from €818,758 to €734,152
of which Land and buildings: -€83,969
- Cash -€35,538
down €35,538 (-98.7%), from €36,006 to €467
mainly Net result for the year (-€88,833) and Debts after one year (-€22,355)
- Profit (loss) carried forward -€88,833
down €88,833 (-56.0%), from -€158,664 to -€247,497
- Revaluation surpluses -€76,204
down €76,204 (-10.1%), from €754,228 to €678,024
- Reserves +€76,204
up €76,204 (+121%), from €63,236 to €139,439
- Debts after one year -€22,355
down €22,355 (-66.1%), from €33,832 to €11,477
- Other debts -€8,747
down €8,747 (-12.0%), from €72,669 to €63,923
- Gross operating margin -€174,577
down €174,577 (-98.0%), from €178,131 to €3,554
- Other operating charges -€27,566
down €27,566 (-86.9%), from €31,706 to €4,139
- Depreciation +€12,093
up €12,093 (+16.2%), from €74,452 to €86,545
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.
Derived cash bridge
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 | €859,317 | €738,032 | -€121,285 | -14.1% |
| Fixed assets | 21/28 | €818,758 | €734,152 | -€84,606 | -10.3% |
| Tangible fixed assets | 22/27 | €818,758 | €734,152 | -€84,606 | -10.3% |
| Land and buildings | 22 | €816,898 | €732,929 | -€83,969 | -10.3% |
| Furniture and vehicles | 24 | €1,859 | €1,223 | -€637 | -34.2% |
| Current assets | 29/58 | €40,559 | €3,880 | -€36,679 | -90.4% |
| Amounts receivable within one year | 40/41 | €767 | €767 | = | 0.0% |
| Other amounts receivable | 41 | €767 | €767 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,006 | €467 | -€35,538 | -98.7% |
| Deferred charges and accrued income | 490/1 | €3,787 | €2,646 | -€1,141 | -30.1% |
| Total equity and liabilities | 10/49 | €859,317 | €738,032 | -€121,285 | -14.1% |
| Equity | 10/15 | €728,800 | €639,966 | -€88,833 | -12.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €754,228 | €678,024 | -€76,204 | -10.1% |
| Reserves | 13 | €63,236 | €139,439 | +€76,204 | +121% |
| Distributable reserves | 133 | €63,236 | €139,439 | +€76,204 | +121% |
| Profit (loss) carried forward | 14 | -€158,664 | -€247,497 | -€88,833 | -56.0% |
| Amounts payable | 17/49 | €130,518 | €98,066 | -€32,452 | -24.9% |
| Amounts payable after more than one year | 17 | €33,832 | €11,477 | -€22,355 | -66.1% |
| Financial debts | 170/4 | €33,832 | €11,477 | -€22,355 | -66.1% |
| Amounts payable within one year | 42/48 | €96,686 | €86,589 | -€10,097 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €21,576 | €22,355 | +€779 | +3.6% |
| Trade debts | 44 | €1,312 | €311 | -€1,000 | -76.3% |
| Suppliers | 440/4 | €1,312 | €311 | -€1,000 | -76.3% |
| Taxes, remuneration and social security | 45 | €1,129 | - | -€1,129 | |
| Taxes | 450/3 | €1,129 | - | -€1,129 | |
| Other amounts payable | 47/48 | €72,669 | €63,923 | -€8,747 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,452 | €86,545 | +€12,093 | +16.2% |
| Other operating charges | 640/8 | €31,706 | €4,139 | -€27,566 | -86.9% |
| Gross operating margin | 9900 | €178,131 | €3,554 | -€174,577 | -98.0% |
| Operating profit (loss) | 9901 | €71,973 | -€87,130 | -€159,104 | |
| Financial income | 75/76B | €22 | €169 | +€147 | +684% |
| Recurring financial income | 75 | €22 | €169 | +€147 | +684% |
| Financial charges | 65/66B | €2,863 | €1,871 | -€991 | -34.6% |
| Recurring financial charges | 65 | €2,863 | €1,871 | -€991 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €69,132 | -€88,833 | -€157,965 | |
| Profit (loss) for the period | 9904 | €69,132 | -€88,833 | -€157,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,132 | -€88,833 | -€157,965 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.