MF SOLUTIONS: 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 SOLUTIONS
Largest movements
- Intangible fixed assets +€16,202
new in 2025: €16,202
- Tangible fixed assets -€12,773
down €12,773 (-52.5%), from €24,318 to €11,545
of which Furniture and vehicles: -€10,236
- Deferred charges and accrued income +€9,299
up €9,299 (+227.7%), from €4,084 to €13,383
- Receivables within one year -€9,118
down €9,118 (-57.3%), from €15,910 to €6,792
of which Trade receivables: -€10,632
- Cash -€6,915
down €6,915 (-62.7%), from €11,034 to €4,119
mainly Net result for the year (-€17,063) and Investment in fixed assets (net) (-€10,667)
- Other debts +€17,740
up €17,740 (+2129.7%), from €833 to €18,573
- Profit (loss) carried forward -€17,063
down €17,063, from €7,091 to -€9,972
- Current portion of long-term debt -€3,039
down €3,039 (-100.0%), from €3,039 to €0
- Debts after one year -€2,558
down €2,558 (-100.0%), from €2,558 to €0
- Trade debts +€2,094
up €2,094 (+723.2%), from €289 to €2,383
- Gross operating margin -€18,746
down €18,746, from €11,636 to -€7,110
- Depreciation -€3,151
down €3,151 (-30.3%), from €10,389 to €7,238
- Taxes -€2,204
down €2,204, from €2,169 to -€35
- Other operating charges +€2,138
up €2,138 (+552.0%), from €387 to €2,526
- Staff costs -€441
down €441 (-100.0%), from €441 to €0
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 | €55,346 | €52,040 | -€3,306 | -6.0% |
| Fixed assets | 21/28 | €24,318 | €27,746 | +€3,429 | +14.1% |
| Intangible fixed assets | 21 | - | €16,202 | +€16,202 | |
| Tangible fixed assets | 22/27 | €24,318 | €11,545 | -€12,773 | -52.5% |
| Plant, machinery and equipment | 23 | €4,302 | €2,760 | -€1,542 | -35.9% |
| Furniture and vehicles | 24 | €11,825 | €1,589 | -€10,236 | -86.6% |
| Other tangible fixed assets | 26 | €8,190 | €7,196 | -€995 | -12.1% |
| Current assets | 29/58 | €31,028 | €24,294 | -€6,734 | -21.7% |
| Amounts receivable within one year | 40/41 | €15,910 | €6,792 | -€9,118 | -57.3% |
| Trade receivables | 40 | €11,477 | €845 | -€10,632 | -92.6% |
| Other amounts receivable | 41 | €4,433 | €5,946 | +€1,514 | +34.1% |
| Cash at bank and in hand | 54/58 | €11,034 | €4,119 | -€6,915 | -62.7% |
| Deferred charges and accrued income | 490/1 | €4,084 | €13,383 | +€9,299 | +227.7% |
| Total equity and liabilities | 10/49 | €55,346 | €52,040 | -€3,306 | -6.0% |
| Equity | 10/15 | €46,491 | €29,428 | -€17,063 | -36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,800 | €20,800 | = | 0.0% |
| Distributable reserves | 133 | €20,800 | €20,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,091 | -€9,972 | -€17,063 | |
| Amounts payable | 17/49 | €8,855 | €22,612 | +€13,758 | +155.4% |
| Amounts payable after more than one year | 17 | €2,558 | €0 | -€2,558 | -100.0% |
| Financial debts | 170/4 | €2,558 | €0 | -€2,558 | -100.0% |
| Amounts payable within one year | 42/48 | €6,296 | €22,612 | +€16,316 | +259.1% |
| Current portion of amounts payable after more than one year | 42 | €3,039 | €0 | -€3,039 | -100.0% |
| Trade debts | 44 | €289 | €2,383 | +€2,094 | +723.2% |
| Suppliers | 440/4 | €289 | €2,383 | +€2,094 | +723.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,135 | €1,656 | -€479 | -22.4% |
| Taxes | 450/3 | €2,135 | €1,656 | -€479 | -22.4% |
| Other amounts payable | 47/48 | €833 | €18,573 | +€17,740 | +2129.7% |
| Remuneration, social security and pensions | 62 | €441 | €0 | -€441 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,389 | €7,238 | -€3,151 | -30.3% |
| Other operating charges | 640/8 | €387 | €2,526 | +€2,138 | +552.0% |
| Gross operating margin | 9900 | €11,636 | -€7,110 | -€18,746 | |
| Operating profit (loss) | 9901 | €419 | -€16,873 | -€17,292 | |
| Financial income | 75/76B | €177 | €32 | -€145 | -82.0% |
| Recurring financial income | 75 | €177 | €32 | -€145 | -82.0% |
| Financial charges | 65/66B | €300 | €257 | -€43 | -14.4% |
| Recurring financial charges | 65 | €300 | €257 | -€43 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €296 | -€17,098 | -€17,394 | |
| Income taxes | 67/77 | €2,169 | -€35 | -€2,204 | |
| Profit (loss) for the period | 9904 | -€1,873 | -€17,063 | -€15,190 | -811.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,873 | -€17,063 | -€15,190 | -811.2% |
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.