MF SOLID CONSTRUCT: 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 SOLID CONSTRUCT
Largest movements
- Receivables within one year -€10,065
down €10,065 (-72.9%), from €13,800 to €3,735
of which Trade receivables: -€10,500
- Tangible fixed assets -€3,817
down €3,817 (-53.4%), from €7,142 to €3,325
- Trade debts -€5,783
down €5,783 (-95.6%), from €6,049 to €266
- Profit (loss) carried forward -€3,734
down €3,734 (-53.2%), from €7,018 to €3,284
- Other debts -€3,415
no longer reported in 2025 (was €3,415)
- Tax, wage and social debts -€870
down €870 (-83.0%), from €1,048 to €178
- Turnover -€23,640
down €23,640 (-73.6%), from €32,120 to €8,480
- Gross operating margin -€7,560
down €7,560 (-90.5%), from €8,357 to €797
- Taxes -€773
down €773 (-91.5%), from €845 to €72
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 | €21,230 | €7,428 | -€13,802 | -65.0% |
| Fixed assets | 21/28 | €7,142 | €3,325 | -€3,817 | -53.4% |
| Tangible fixed assets | 22/27 | €7,142 | €3,325 | -€3,817 | -53.4% |
| Furniture and vehicles | 24 | €7,142 | €3,325 | -€3,817 | -53.4% |
| Current assets | 29/58 | €14,088 | €4,103 | -€9,985 | -70.9% |
| Amounts receivable within one year | 40/41 | €13,800 | €3,735 | -€10,065 | -72.9% |
| Trade receivables | 40 | €13,176 | €2,676 | -€10,500 | -79.7% |
| Other amounts receivable | 41 | €624 | €1,059 | +€435 | +69.7% |
| Cash at bank and in hand | 54/58 | €154 | €234 | +€80 | +51.9% |
| Deferred charges and accrued income | 490/1 | €134 | €134 | = | 0.0% |
| Total equity and liabilities | 10/49 | €21,230 | €7,428 | -€13,802 | -65.0% |
| Equity | 10/15 | €10,718 | €6,984 | -€3,734 | -34.8% |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,018 | €3,284 | -€3,734 | -53.2% |
| Amounts payable | 17/49 | €10,512 | €444 | -€10,068 | -95.8% |
| Amounts payable within one year | 42/48 | €10,512 | €444 | -€10,068 | -95.8% |
| Trade debts | 44 | €6,049 | €266 | -€5,783 | -95.6% |
| Suppliers | 440/4 | €6,049 | €266 | -€5,783 | -95.6% |
| Taxes, remuneration and social security | 45 | €1,048 | €178 | -€870 | -83.0% |
| Taxes | 450/3 | €1,048 | €178 | -€870 | -83.0% |
| Other amounts payable | 47/48 | €3,415 | - | -€3,415 | |
| Turnover | 70 | €32,120 | €8,480 | -€23,640 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,816 | €3,817 | +€1 | 0.0% |
| Other operating charges | 640/8 | €269 | €570 | +€301 | +111.9% |
| Gross operating margin | 9900 | €8,357 | €797 | -€7,560 | -90.5% |
| Operating profit (loss) | 9901 | €4,272 | -€3,590 | -€7,862 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €4,206 | -€3,662 | -€7,868 | |
| Income taxes | 67/77 | €845 | €72 | -€773 | -91.5% |
| Profit (loss) for the period | 9904 | €3,361 | -€3,734 | -€7,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,361 | -€3,734 | -€7,095 |
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 8 October 2026 via checked.be.