MF IMMO: 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 IMMO
Largest movements
- Cash -€9,717
down €9,717 (-39.8%), from €24,425 to €14,708
mainly Advances received (-€8,000) and Net result for the year (-€1,690)
- Deferred charges and accrued income -€1,920
down €1,920 (-70.8%), from €2,710 to €790
- Receivables within one year +€1,636
up €1,636 (+254.7%), from €642 to €2,278
of which Other amounts receivable: +€1,760
- Tangible fixed assets -€468
down €468 (-30.0%), from €1,560 to €1,092
of which Other tangible fixed assets: -€380
- Advances received -€8,000
down €8,000 (-50.0%), from €16,000 to €8,000
- Reserves -€1,690
down €1,690 (-62.8%), from €2,692 to €1,002
- Tax, wage and social debts -€922
no longer reported in 2025 (was €922)
- Gross operating margin +€595
up €595 (+43.9%), from -€1,355 to -€761
- Depreciation -€326
down €326 (-41.1%), from €794 to €468
- Other operating charges -€38
down €38 (-8.6%), from €437 to €400
- Financial income -€15
down €15 (-60.2%), from €25 to €10
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 | €29,337 | €18,869 | -€10,468 | -35.7% |
| Fixed assets | 21/28 | €1,560 | €1,092 | -€468 | -30.0% |
| Tangible fixed assets | 22/27 | €1,560 | €1,092 | -€468 | -30.0% |
| Furniture and vehicles | 24 | €140 | €52 | -€88 | -62.6% |
| Other tangible fixed assets | 26 | €1,420 | €1,040 | -€380 | -26.8% |
| Current assets | 29/58 | €27,777 | €17,776 | -€10,001 | -36.0% |
| Amounts receivable within one year | 40/41 | €642 | €2,278 | +€1,636 | +254.7% |
| Trade receivables | 40 | €141 | €16 | -€125 | -88.5% |
| Other amounts receivable | 41 | €501 | €2,262 | +€1,760 | +351.0% |
| Cash at bank and in hand | 54/58 | €24,425 | €14,708 | -€9,717 | -39.8% |
| Deferred charges and accrued income | 490/1 | €2,710 | €790 | -€1,920 | -70.8% |
| Total equity and liabilities | 10/49 | €29,337 | €18,869 | -€10,468 | -35.7% |
| Equity | 10/15 | €8,892 | €7,202 | -€1,690 | -19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,692 | €1,002 | -€1,690 | -62.8% |
| Distributable reserves | 133 | €2,692 | €1,002 | -€1,690 | -62.8% |
| Amounts payable | 17/49 | €20,445 | €11,667 | -€8,778 | -42.9% |
| Amounts payable within one year | 42/48 | €20,437 | €11,538 | -€8,899 | -43.5% |
| Trade debts | 44 | €171 | €171 | -€1 | -0.3% |
| Suppliers | 440/4 | €171 | €171 | -€1 | -0.3% |
| Advances received on contracts in progress | 46 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Taxes, remuneration and social security | 45 | €922 | - | -€922 | |
| Taxes | 450/3 | €922 | - | -€922 | |
| Other amounts payable | 47/48 | €3,344 | €3,367 | +€23 | +0.7% |
| Accrued charges and deferred income | 492/3 | €8 | €129 | +€121 | +1614.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €468 | -€326 | -41.1% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€1,355 | -€761 | +€595 | +43.9% |
| Operating profit (loss) | 9901 | -€2,586 | -€1,628 | +€958 | +37.1% |
| Financial income | 75/76B | €25 | €10 | -€15 | -60.2% |
| Recurring financial income | 75 | €25 | €10 | -€15 | -60.2% |
| Financial charges | 65/66B | €72 | €72 | -€0 | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,634 | -€1,690 | +€943 | +35.8% |
| Profit (loss) for the period | 9904 | -€2,634 | -€1,690 | +€943 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,634 | -€1,690 | +€943 | +35.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.