MF Search & advise: what changed
MF Search & advise
Largest movements
- Cash -€10,786
down €10,786 (-29.7%), from €36,360 to €25,574
mainly Trade debts (-€11,926) and Tax, wage and social debts (-€4,247)
- Receivables within one year -€639
down €639 (-3.1%), from €20,539 to €19,900
of which Trade receivables: -€644
- Trade debts -€11,926
down €11,926 (-43.8%), from €27,207 to €15,281
- Profit (loss) carried forward +€4,675
up €4,675 (+34.3%), from €13,647 to €18,322
- Tax, wage and social debts -€4,247
down €4,247 (-42.1%), from €10,096 to €5,849
of which Taxes: -€4,247
- Staff costs +€7,479
up €7,479 (+50.0%), from €14,959 to €22,438
- Gross operating margin -€5,463
down €5,463 (-15.4%), from €35,555 to €30,092
- Taxes +€3,120
new in 2025: €3,120
- Financial charges -€1,067
down €1,067 (-78.0%), from €1,368 to €301
- Financial income +€437
up €437 (+7,399%), from €6 to €442
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,899 | €45,474 | -€11,425 | -20.1% |
| Current assets | 29/58 | €56,899 | €45,474 | -€11,425 | -20.1% |
| Amounts receivable within one year | 40/41 | €20,539 | €19,900 | -€639 | -3.1% |
| Trade receivables | 40 | €20,539 | €19,895 | -€644 | -3.1% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €36,360 | €25,574 | -€10,786 | -29.7% |
| Total equity and liabilities | 10/49 | €56,899 | €45,474 | -€11,425 | -20.1% |
| Equity | 10/15 | €19,597 | €24,272 | +€4,675 | +23.9% |
| Contributions | 10/11 | €5,950 | €5,950 | = | 0.0% |
| Capital | 10 | €5,950 | €5,950 | = | 0.0% |
| Issued capital | 100 | €5,950 | €5,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,647 | €18,322 | +€4,675 | +34.3% |
| Amounts payable | 17/49 | €37,303 | €21,202 | -€16,100 | -43.2% |
| Amounts payable within one year | 42/48 | €37,303 | €21,202 | -€16,100 | -43.2% |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Trade debts | 44 | €27,207 | €15,281 | -€11,926 | -43.8% |
| Suppliers | 440/4 | €27,207 | €15,281 | -€11,926 | -43.8% |
| Taxes, remuneration and social security | 45 | €10,096 | €5,849 | -€4,247 | -42.1% |
| Taxes | 450/3 | €8,071 | €3,824 | -€4,247 | -52.6% |
| Remuneration and social security | 454/9 | €2,025 | €2,025 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €14,959 | €22,438 | +€7,479 | +50.0% |
| Gross operating margin | 9900 | €35,555 | €30,092 | -€5,463 | -15.4% |
| Operating profit (loss) | 9901 | €20,595 | €7,653 | -€12,942 | -62.8% |
| Financial income | 75/76B | €6 | €442 | +€437 | +7,399% |
| Recurring financial income | 75 | €6 | €442 | +€437 | +7,399% |
| Financial charges | 65/66B | €1,368 | €301 | -€1,067 | -78.0% |
| Recurring financial charges | 65 | €1,368 | €301 | -€1,067 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €19,234 | €7,795 | -€11,439 | -59.5% |
| Income taxes | 67/77 | - | €3,120 | +€3,120 | |
| Profit (loss) for the period | 9904 | €19,234 | €4,675 | -€14,558 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,234 | €4,675 | -€14,558 | -75.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.