MFBL: 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.
MFBL
Largest movements
- Cash +€55,590
up €55,590 (+73.4%), from €75,706 to €131,296
mainly Net result for the year (+€57,522) and Tax, wage and social debts (+€10,208)
- Deferred charges and accrued income +€13,868
up €13,868 (+1602.2%), from €866 to €14,734
- Profit (loss) carried forward +€57,522
up €57,522 (+91.2%), from €63,076 to €120,598
- Tax, wage and social debts +€10,208
up €10,208 (+99.9%), from €10,223 to €20,431
of which Taxes: +€10,208
- Other debts +€2,216
up €2,216 (+103.2%), from €2,147 to €4,363
- Gross operating margin +€49,726
up €49,726 (+210.3%), from €23,648 to €73,374
- Taxes +€9,985
up €9,985 (+191.2%), from €5,223 to €15,208
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 | €78,670 | €147,892 | +€69,222 | +88.0% |
| Fixed assets | 21/28 | €2,099 | €1,862 | -€236 | -11.3% |
| Tangible fixed assets | 22/27 | €2,099 | €1,862 | -€236 | -11.3% |
| Plant, machinery and equipment | 23 | €2,099 | €1,862 | -€236 | -11.3% |
| Current assets | 29/58 | €76,571 | €146,030 | +€69,458 | +90.7% |
| Cash at bank and in hand | 54/58 | €75,706 | €131,296 | +€55,590 | +73.4% |
| Deferred charges and accrued income | 490/1 | €866 | €14,734 | +€13,868 | +1602.2% |
| Total equity and liabilities | 10/49 | €78,670 | €147,892 | +€69,222 | +88.0% |
| Equity | 10/15 | €65,576 | €123,098 | +€57,522 | +87.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,076 | €120,598 | +€57,522 | +91.2% |
| Amounts payable | 17/49 | €13,094 | €24,794 | +€11,700 | +89.4% |
| Amounts payable within one year | 42/48 | €13,094 | €24,794 | +€11,700 | +89.4% |
| Trade debts | 44 | €724 | - | -€724 | |
| Suppliers | 440/4 | €724 | - | -€724 | |
| Taxes, remuneration and social security | 45 | €10,223 | €20,431 | +€10,208 | +99.9% |
| Taxes | 450/3 | €7,223 | €17,431 | +€10,208 | +141.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,147 | €4,363 | +€2,216 | +103.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €236 | = | 0.0% |
| Other operating charges | 640/8 | €333 | €347 | +€14 | +4.1% |
| Gross operating margin | 9900 | €23,648 | €73,374 | +€49,726 | +210.3% |
| Operating profit (loss) | 9901 | €23,079 | €72,791 | +€49,712 | +215.4% |
| Financial charges | 65/66B | €140 | €61 | -€79 | -56.1% |
| Recurring financial charges | 65 | €140 | €61 | -€79 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €22,939 | €72,730 | +€49,791 | +217.1% |
| Income taxes | 67/77 | €5,223 | €15,208 | +€9,985 | +191.2% |
| Profit (loss) for the period | 9904 | €17,716 | €57,522 | +€39,806 | +224.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,716 | €57,522 | +€39,806 | +224.7% |
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 30 September 2026 via checked.be.