MF PRODUCTION: 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 PRODUCTION
Largest movements
- Tangible fixed assets -€15,413
down €15,413 (-10.3%), from €148,950 to €133,536
of which Land and buildings: -€8,161
- Cash -€11,061
down €11,061 (-28.7%), from €38,521 to €27,460
mainly Debts after one year (-€40,403) and Current portion of long-term debt (-€5,571)
- Receivables within one year -€2,098
down €2,098 (-38.2%), from €5,487 to €3,389
of which Trade receivables: -€2,091
- Debts after one year -€40,403
down €40,403 (-70.2%), from €57,546 to €17,142
of which Other amounts payable: -€34,000
- Reserves +€12,650
up €12,650 (+48.6%), from €26,050 to €38,700
- Tax, wage and social debts +€7,860
up €7,860 (+134%), from €5,874 to €13,734
- Current portion of long-term debt -€5,571
down €5,571 (-46.5%), from €11,974 to €6,403
- Trade debts -€3,154
down €3,154 (-88.0%), from €3,583 to €429
- Gross operating margin +€7,731
up €7,731 (+23.8%), from €32,440 to €40,171
- Taxes +€3,373
up €3,373 (+87.5%), from €3,855 to €7,228
- Depreciation +€1,072
up €1,072 (+7.6%), from €14,057 to €15,129
- Financial charges -€735
down €735 (-32.1%), from €2,287 to €1,552
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 | €196,204 | €167,721 | -€28,483 | -14.5% |
| Fixed assets | 21/28 | €148,975 | €133,561 | -€15,413 | -10.3% |
| Tangible fixed assets | 22/27 | €148,950 | €133,536 | -€15,413 | -10.3% |
| Land and buildings | 22 | €131,307 | €123,145 | -€8,161 | -6.2% |
| Plant, machinery and equipment | 23 | €6,794 | €5,786 | -€1,008 | -14.8% |
| Furniture and vehicles | 24 | €10,848 | €4,604 | -€6,244 | -57.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €47,230 | €34,160 | -€13,070 | -27.7% |
| Amounts receivable within one year | 40/41 | €5,487 | €3,389 | -€2,098 | -38.2% |
| Trade receivables | 40 | €5,479 | €3,389 | -€2,091 | -38.2% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €38,521 | €27,460 | -€11,061 | -28.7% |
| Deferred charges and accrued income | 490/1 | €3,221 | €3,311 | +€90 | +2.8% |
| Total equity and liabilities | 10/49 | €196,204 | €167,721 | -€28,483 | -14.5% |
| Equity | 10/15 | €117,079 | €129,762 | +€12,682 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,050 | €38,700 | +€12,650 | +48.6% |
| Distributable reserves | 133 | €26,050 | €38,700 | +€12,650 | +48.6% |
| Profit (loss) carried forward | 14 | €71,029 | €71,062 | +€32 | 0.0% |
| Amounts payable | 17/49 | €79,125 | €37,959 | -€41,166 | -52.0% |
| Amounts payable after more than one year | 17 | €57,546 | €17,142 | -€40,403 | -70.2% |
| Financial debts | 170/4 | €7,546 | €1,142 | -€6,403 | -84.9% |
| Other amounts payable | 178/9 | €50,000 | €16,000 | -€34,000 | -68.0% |
| Amounts payable within one year | 42/48 | €21,536 | €20,817 | -€719 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €11,974 | €6,403 | -€5,571 | -46.5% |
| Trade debts | 44 | €3,583 | €429 | -€3,154 | -88.0% |
| Suppliers | 440/4 | €3,583 | €429 | -€3,154 | -88.0% |
| Taxes, remuneration and social security | 45 | €5,874 | €13,734 | +€7,860 | +134% |
| Taxes | 450/3 | €5,874 | €13,734 | +€7,860 | +134% |
| Other amounts payable | 47/48 | €105 | €251 | +€146 | +139% |
| Accrued charges and deferred income | 492/3 | €44 | - | -€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,057 | €15,129 | +€1,072 | +7.6% |
| Other operating charges | 640/8 | €3,835 | €3,722 | -€113 | -2.9% |
| Gross operating margin | 9900 | €32,440 | €40,171 | +€7,731 | +23.8% |
| Operating profit (loss) | 9901 | €14,549 | €21,320 | +€6,771 | +46.5% |
| Financial income | 75/76B | €276 | €142 | -€134 | -48.7% |
| Recurring financial income | 75 | €276 | €142 | -€134 | -48.7% |
| Financial charges | 65/66B | €2,287 | €1,552 | -€735 | -32.1% |
| Recurring financial charges | 65 | €2,287 | €1,552 | -€735 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €12,538 | €19,910 | +€7,372 | +58.8% |
| Income taxes | 67/77 | €3,855 | €7,228 | +€3,373 | +87.5% |
| Profit (loss) for the period | 9904 | €8,684 | €12,682 | +€3,999 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,684 | €12,682 | +€3,999 | +46.1% |
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 23 October 2026 via checked.be.