MF SERVICES: 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 SERVICES
Largest movements
- Current investments +€376,090
up €376,090 (+47.7%), from €788,095 to €1.2m
- Receivables after one year -€149,961
down €149,961 (-93.4%), from €160,579 to €10,618
- Tangible fixed assets -€98,162
down €98,162 (-3.1%), from €3.2m to €3.1m
of which Land and buildings: -€95,000
- Debts after one year +€160,000
new in 2024: €160,000
- Profit (loss) carried forward -€108,024
down €108,024 (-14.7%), from -€733,754 to -€841,778
- Other debts +€80,479
up €80,479 (+162.0%), from €49,681 to €130,160
- Gross operating margin +€90,785
up €90,785 (+1626.7%), from €5,581 to €96,365
- Financial charges -€60,043
down €60,043 (-29.2%), from €205,480 to €145,437
- Financial income +€33,619
up €33,619 (+368.4%), from €9,126 to €42,745
- Taxes +€2,367
up €2,367 (+30116.3%), from €8 to €2,375
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,336,907 | €4,472,005 | +€135,098 | +3.1% |
| Fixed assets | 21/28 | €3,178,148 | €3,079,985 | -€98,162 | -3.1% |
| Tangible fixed assets | 22/27 | €3,178,148 | €3,079,985 | -€98,162 | -3.1% |
| Land and buildings | 22 | €3,174,041 | €3,079,041 | -€95,000 | -3.0% |
| Furniture and vehicles | 24 | €4,106 | €944 | -€3,162 | -77.0% |
| Current assets | 29/58 | €1,158,760 | €1,392,020 | +€233,260 | +20.1% |
| Amounts receivable after more than one year | 29 | €160,579 | €10,618 | -€149,961 | -93.4% |
| Other amounts receivable | 291 | €160,579 | €10,618 | -€149,961 | -93.4% |
| Amounts receivable within one year | 40/41 | €54,163 | €56,543 | +€2,380 | +4.4% |
| Trade receivables | 40 | €48,025 | €55,999 | +€7,974 | +16.6% |
| Other amounts receivable | 41 | €6,138 | €544 | -€5,594 | -91.1% |
| Current investments | 50/53 | €788,095 | €1,164,185 | +€376,090 | +47.7% |
| Cash at bank and in hand | 54/58 | €154,432 | €159,119 | +€4,687 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,555 | +€65 | +4.4% |
| Total equity and liabilities | 10/49 | €4,336,907 | €4,472,005 | +€135,098 | +3.1% |
| Equity | 10/15 | €4,286,697 | €4,178,673 | -€108,024 | -2.5% |
| Contributions | 10/11 | €5,018,592 | €5,018,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€733,754 | -€841,778 | -€108,024 | -14.7% |
| Amounts payable | 17/49 | €50,210 | €293,332 | +€243,122 | +484.2% |
| Amounts payable after more than one year | 17 | - | €160,000 | +€160,000 | |
| Other amounts payable | 178/9 | - | €160,000 | +€160,000 | |
| Amounts payable within one year | 42/48 | €50,210 | €133,332 | +€83,122 | +165.5% |
| Trade debts | 44 | €530 | €1,172 | +€642 | +121.2% |
| Suppliers | 440/4 | €530 | €1,172 | +€642 | +121.2% |
| Taxes, remuneration and social security | 45 | - | €2,001 | +€2,001 | |
| Taxes | 450/3 | - | €2,001 | +€2,001 | |
| Other amounts payable | 47/48 | €49,681 | €130,160 | +€80,479 | +162.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,162 | €98,162 | = | 0.0% |
| Other operating charges | 640/8 | €941 | €1,159 | +€218 | +23.2% |
| Gross operating margin | 9900 | €5,581 | €96,365 | +€90,785 | +1626.7% |
| Operating profit (loss) | 9901 | -€93,523 | -€2,956 | +€90,566 | +96.8% |
| Financial income | 75/76B | €9,126 | €42,745 | +€33,619 | +368.4% |
| Recurring financial income | 75 | €9,126 | €42,745 | +€33,619 | +368.4% |
| Financial charges | 65/66B | €205,480 | €145,437 | -€60,043 | -29.2% |
| Recurring financial charges | 65 | €205,480 | €145,437 | -€60,043 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | -€289,877 | -€105,649 | +€184,228 | +63.6% |
| Income taxes | 67/77 | €8 | €2,375 | +€2,367 | +30116.3% |
| Profit (loss) for the period | 9904 | -€289,885 | -€108,024 | +€181,861 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,885 | -€108,024 | +€181,861 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.