MF PLAFONNAGE: 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 PLAFONNAGE
Largest movements
- Receivables within one year +€20,487
up €20,487 (+173%), from €11,829 to €32,316
of which Trade receivables: +€22,297
- Cash +€14,647
up €14,647 (+238,545%), from €6 to €14,653
mainly Net result for the year (+€25,160) and Tax, wage and social debts (+€15,022)
- Tangible fixed assets +€623
up €623 (+14.2%), from €4,385 to €5,008
of which Plant, machinery and equipment: +€1,873
- Profit (loss) carried forward +€25,160
up €25,160, from -€205 to €24,955
- Tax, wage and social debts +€15,022
up €15,022 (+905%), from €1,660 to €16,682
of which Taxes: +€11,831
- Advances received -€7,720
no longer reported in 2025 (was €7,720)
- Trade debts +€4,814
up €4,814 (+182%), from €2,639 to €7,453
- Other debts -€1,518
down €1,518 (-63.1%), from €2,406 to €887
- Gross operating margin +€61,339
up €61,339 (+10,169%), from €603 to €61,943
- Staff costs +€27,757
new in 2025: €27,757
- Taxes +€8,427
up €8,427 (+3,158%), from €267 to €8,694
- Financial income +€1,580
up €1,580 (+500%), from €316 to €1,896
- Depreciation +€1,550
up €1,550 (+252%), from €615 to €2,165
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 | €16,220 | €51,977 | +€35,757 | +220% |
| Fixed assets | 21/28 | €4,385 | €5,008 | +€623 | +14.2% |
| Tangible fixed assets | 22/27 | €4,385 | €5,008 | +€623 | +14.2% |
| Plant, machinery and equipment | 23 | €2,409 | €4,282 | +€1,873 | +77.8% |
| Furniture and vehicles | 24 | €1,976 | €726 | -€1,250 | -63.3% |
| Current assets | 29/58 | €11,835 | €46,969 | +€35,134 | +297% |
| Amounts receivable within one year | 40/41 | €11,829 | €32,316 | +€20,487 | +173% |
| Trade receivables | 40 | €9,829 | €32,126 | +€22,297 | +227% |
| Other amounts receivable | 41 | €2,000 | €190 | -€1,810 | -90.5% |
| Cash at bank and in hand | 54/58 | €6 | €14,653 | +€14,647 | +238,545% |
| Total equity and liabilities | 10/49 | €16,220 | €51,977 | +€35,757 | +220% |
| Equity | 10/15 | €1,795 | €26,955 | +€25,160 | +1,402% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205 | €24,955 | +€25,160 | |
| Amounts payable | 17/49 | €14,425 | €25,022 | +€10,597 | +73.5% |
| Amounts payable within one year | 42/48 | €14,425 | €25,022 | +€10,597 | +73.5% |
| Trade debts | 44 | €2,639 | €7,453 | +€4,814 | +182% |
| Suppliers | 440/4 | €2,639 | €7,453 | +€4,814 | +182% |
| Advances received on contracts in progress | 46 | €7,720 | - | -€7,720 | |
| Taxes, remuneration and social security | 45 | €1,660 | €16,682 | +€15,022 | +905% |
| Taxes | 450/3 | €1,660 | €13,491 | +€11,831 | +713% |
| Remuneration and social security | 454/9 | - | €3,191 | +€3,191 | |
| Other amounts payable | 47/48 | €2,406 | €887 | -€1,518 | -63.1% |
| Remuneration, social security and pensions | 62 | - | €27,757 | +€27,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €2,165 | +€1,550 | +252% |
| Gross operating margin | 9900 | €603 | €61,943 | +€61,339 | +10,169% |
| Operating profit (loss) | 9901 | -€12 | €32,021 | +€32,033 | |
| Financial income | 75/76B | €316 | €1,896 | +€1,580 | +500% |
| Recurring financial income | 75 | €316 | €1,896 | +€1,580 | +500% |
| Financial charges | 65/66B | €242 | €63 | -€179 | -74.0% |
| Recurring financial charges | 65 | €242 | €63 | -€179 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €62 | €33,854 | +€33,792 | +54,459% |
| Income taxes | 67/77 | €267 | €8,694 | +€8,427 | +3,158% |
| Profit (loss) for the period | 9904 | -€205 | €25,160 | +€25,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205 | €25,160 | +€25,365 |
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 29 October 2026 via checked.be.