MFA Invest: what changed
What changed
MFA Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€71,164
2024 · -€9,489+€80,653
Equity
€828,235
2024 · €757,070+€71,164
Cash
€392
2024 · €1,455-€1,063
Balance sheet total
€884,996
2024 · €825,599+€59,398
Largest movements
Assets
- Receivables within one year +€60,448
up €60,448 (+48.7%), from €124,143 to €184,591
of which Trade receivables: +€54,898
Equity and liabilities
- Profit (loss) carried forward +€71,164
up €71,164 (+97.6%), from -€72,930 to -€1,766
- Other debts -€18,494
down €18,494 (-34.3%), from €53,937 to €35,443
Income statement
- Gross operating margin +€86,975
up €86,975, from -€9,032 to €77,943
- Other operating charges +€4,000
new in 2025: €4,000
- Taxes +€2,205
new in 2025: €2,205
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.
Result 2024
-€9,489
Gross operating margin
+€86,975
Other operating charges
-€4,000
Other operating items
+€375
Financial income
-€43
Financial charges
-€449
Taxes
-€2,205
Result 2025
€71,164
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1,063
Investment
€0
Financing
€0
Cash 2024
€1,455
From operations (derived)
-€1,063
Net result for the year
+€71,164
Receivables within one year
-€60,448
Deferred charges and accrued income
-€13
Trade debts
+€260
Tax, wage and social debts
+€6,467
Other debts
-€18,494
Cash 2025
€392
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €825,599 | €884,996 | +€59,398 | +7.2% |
| Fixed assets | 21/28 | €700,000 | €700,000 | = | 0.0% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €125,599 | €184,996 | +€59,398 | +47.3% |
| Amounts receivable within one year | 40/41 | €124,143 | €184,591 | +€60,448 | +48.7% |
| Trade receivables | 40 | €11,396 | €66,294 | +€54,898 | +482% |
| Other amounts receivable | 41 | €112,747 | €118,297 | +€5,550 | +4.9% |
| Cash at bank and in hand | 54/58 | €1,455 | €392 | -€1,063 | -73.1% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €825,599 | €884,996 | +€59,398 | +7.2% |
| Equity | 10/15 | €757,070 | €828,235 | +€71,164 | +9.4% |
| Contributions | 10/11 | €830,000 | €830,000 | = | 0.0% |
| Capital | 10 | €830,000 | €830,000 | = | 0.0% |
| Issued capital | 100 | €830,000 | €830,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,930 | -€1,766 | +€71,164 | +97.6% |
| Amounts payable | 17/49 | €68,528 | €56,762 | -€11,767 | -17.2% |
| Amounts payable within one year | 42/48 | €68,528 | €56,762 | -€11,767 | -17.2% |
| Trade debts | 44 | €13,131 | €13,391 | +€260 | +2.0% |
| Suppliers | 440/4 | €13,131 | €13,391 | +€260 | +2.0% |
| Taxes, remuneration and social security | 45 | €1,460 | €7,928 | +€6,467 | +443% |
| Taxes | 450/3 | €1,460 | €7,928 | +€6,467 | +443% |
| Other amounts payable | 47/48 | €53,937 | €35,443 | -€18,494 | -34.3% |
| Other operating charges | 640/8 | - | €4,000 | +€4,000 | |
| Non-recurring operating charges | 66A | €375 | - | -€375 | |
| Gross operating margin | 9900 | -€9,032 | €77,943 | +€86,975 | |
| Operating profit (loss) | 9901 | -€9,407 | €73,943 | +€83,350 | |
| Financial income | 75/76B | €43 | €0 | -€43 | -100% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -100% |
| Financial charges | 65/66B | €125 | €574 | +€449 | +360% |
| Recurring financial charges | 65 | €125 | €574 | +€449 | +360% |
| Profit (loss) for the period before taxes | 9903 | -€9,489 | €73,369 | +€82,858 | |
| Income taxes | 67/77 | - | €2,205 | +€2,205 | |
| Profit (loss) for the period | 9904 | -€9,489 | €71,164 | +€80,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,489 | €71,164 | +€80,653 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.