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
- Cash +€31,030
up €31,030 (+123%), from €25,311 to €56,340
mainly Net result for the year (+€19,295) and Depreciation (+€11,648)
- Tangible fixed assets -€11,198
down €11,198 (-23.5%), from €47,736 to €36,538
of which Furniture and vehicles: -€9,695
- Receivables within one year -€10,498
down €10,498 (-30.7%), from €34,166 to €23,668
of which Trade receivables: -€10,190
- Current investments +€2,913
new in 2025: €2,913
- Reserves +€7,500
up €7,500 (+7.4%), from €101,360 to €108,860
- Tax, wage and social debts +€5,161
up €5,161 (+294%), from €1,754 to €6,915
- Depreciation +€8,002
up €8,002 (+220%), from €3,645 to €11,648
- Taxes -€3,676
down €3,676 (-32.6%), from €11,260 to €7,584
- Gross operating margin -€3,383
down €3,383 (-7.9%), from €42,677 to €39,294
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 | €110,748 | €122,552 | +€11,804 | +10.7% |
| Fixed assets | 21/28 | €49,086 | €37,438 | -€11,648 | -23.7% |
| Intangible fixed assets | 21 | €1,350 | €900 | -€450 | -33.3% |
| Tangible fixed assets | 22/27 | €47,736 | €36,538 | -€11,198 | -23.5% |
| Plant, machinery and equipment | 23 | €1,643 | €140 | -€1,503 | -91.5% |
| Furniture and vehicles | 24 | €46,093 | €36,398 | -€9,695 | -21.0% |
| Current assets | 29/58 | €61,662 | €85,113 | +€23,451 | +38.0% |
| Stocks and contracts in progress | 3 | €1,120 | €1,080 | -€40 | -3.6% |
| Stocks | 30/36 | €1,120 | €1,080 | -€40 | -3.6% |
| Amounts receivable within one year | 40/41 | €34,166 | €23,668 | -€10,498 | -30.7% |
| Trade receivables | 40 | €31,941 | €21,752 | -€10,190 | -31.9% |
| Other amounts receivable | 41 | €2,225 | €1,916 | -€308 | -13.9% |
| Current investments | 50/53 | - | €2,913 | +€2,913 | |
| Cash at bank and in hand | 54/58 | €25,311 | €56,340 | +€31,030 | +123% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,113 | +€47 | +4.4% |
| Total equity and liabilities | 10/49 | €110,748 | €122,552 | +€11,804 | +10.7% |
| Equity | 10/15 | €105,145 | €112,607 | +€7,462 | +7.1% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €101,360 | €108,860 | +€7,500 | +7.4% |
| Distributable reserves | 133 | €101,360 | €108,860 | +€7,500 | +7.4% |
| Profit (loss) carried forward | 14 | €185 | €147 | -€38 | -20.6% |
| Amounts payable | 17/49 | €5,603 | €9,945 | +€4,342 | +77.5% |
| Amounts payable within one year | 42/48 | €5,603 | €9,597 | +€3,994 | +71.3% |
| Trade debts | 44 | €1,067 | €983 | -€84 | -7.8% |
| Suppliers | 440/4 | €1,067 | €983 | -€84 | -7.8% |
| Taxes, remuneration and social security | 45 | €1,754 | €6,915 | +€5,161 | +294% |
| Taxes | 450/3 | €1,754 | €6,915 | +€5,161 | +294% |
| Other amounts payable | 47/48 | €2,782 | €1,699 | -€1,083 | -38.9% |
| Accrued charges and deferred income | 492/3 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €11,648 | +€8,002 | +220% |
| Other operating charges | 640/8 | €505 | €636 | +€130 | +25.8% |
| Gross operating margin | 9900 | €42,677 | €39,294 | -€3,383 | -7.9% |
| Operating profit (loss) | 9901 | €38,526 | €27,011 | -€11,515 | -29.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €132 | +€89 | +204% |
| Recurring financial charges | 65 | €44 | €132 | +€89 | +204% |
| Profit (loss) for the period before taxes | 9903 | €38,483 | €26,879 | -€11,604 | -30.2% |
| Income taxes | 67/77 | €11,260 | €7,584 | -€3,676 | -32.6% |
| Profit (loss) for the period | 9904 | €27,223 | €19,295 | -€7,928 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,223 | €19,295 | -€7,928 | -29.1% |
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 15 October 2026 via checked.be.