MFC CONSULT: 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.
MFC CONSULT
Largest movements
- Receivables within one year +€20,637
up €20,637 (+90.0%), from €22,928 to €43,565
of which Trade receivables: +€12,604
- Cash +€18,620
up €18,620 (+57.3%), from €32,507 to €51,127
mainly Net result for the year (+€37,062) and Trade debts (+€16,329)
- Receivables after one year +€12,000
new in 2025: €12,000
- Tangible fixed assets +€4,839
up €4,839 (+163.2%), from €2,965 to €7,803
of which Plant, machinery and equipment: +€4,317
- Reserves +€37,062
up €37,062 (+156.8%), from €23,641 to €60,703
- Trade debts +€16,329
up €16,329 (+260.3%), from €6,273 to €22,602
- Tax, wage and social debts +€11,958
up €11,958 (+68.5%), from €17,464 to €29,421
- Other debts -€8,385
no longer reported in 2025 (was €8,385)
- Gross operating margin +€21,994
up €21,994 (+61.8%), from €35,571 to €57,564
- Taxes +€8,449
up €8,449 (+116.6%), from €7,248 to €15,697
- Financial charges +€2,833
up €2,833 (+841.7%), from €337 to €3,169
- Depreciation +€918
up €918 (+165.6%), from €554 to €1,473
- Financial income +€622
up €622 (+12325.5%), from €5 to €627
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 | €59,915 | €117,081 | +€57,166 | +95.4% |
| Fixed assets | 21/28 | €2,965 | €7,803 | +€4,839 | +163.2% |
| Tangible fixed assets | 22/27 | €2,965 | €7,803 | +€4,839 | +163.2% |
| Plant, machinery and equipment | 23 | - | €4,317 | +€4,317 | |
| Furniture and vehicles | 24 | €2,965 | €3,487 | +€522 | +17.6% |
| Current assets | 29/58 | €56,950 | €109,278 | +€52,328 | +91.9% |
| Amounts receivable after more than one year | 29 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 291 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | €22,928 | €43,565 | +€20,637 | +90.0% |
| Trade receivables | 40 | €22,928 | €35,532 | +€12,604 | +55.0% |
| Other amounts receivable | 41 | - | €8,034 | +€8,034 | |
| Cash at bank and in hand | 54/58 | €32,507 | €51,127 | +€18,620 | +57.3% |
| Deferred charges and accrued income | 490/1 | €1,515 | €2,586 | +€1,071 | +70.7% |
| Total equity and liabilities | 10/49 | €59,915 | €117,081 | +€57,166 | +95.4% |
| Equity | 10/15 | €27,641 | €64,703 | +€37,062 | +134.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,641 | €60,703 | +€37,062 | +156.8% |
| Distributable reserves | 133 | €23,641 | €60,703 | +€37,062 | +156.8% |
| Amounts payable | 17/49 | €32,273 | €52,378 | +€20,105 | +62.3% |
| Amounts payable within one year | 42/48 | €32,273 | €52,311 | +€20,038 | +62.1% |
| Financial debts | 43 | €152 | €288 | +€136 | +89.5% |
| Credit institutions | 430/8 | €152 | €288 | +€136 | +89.5% |
| Trade debts | 44 | €6,273 | €22,602 | +€16,329 | +260.3% |
| Suppliers | 440/4 | €6,273 | €22,602 | +€16,329 | +260.3% |
| Taxes, remuneration and social security | 45 | €17,464 | €29,421 | +€11,958 | +68.5% |
| Taxes | 450/3 | €17,464 | €29,421 | +€11,958 | +68.5% |
| Other amounts payable | 47/48 | €8,385 | - | -€8,385 | |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €1,473 | +€918 | +165.6% |
| Other operating charges | 640/8 | €667 | €791 | +€124 | +18.5% |
| Non-recurring operating charges | 66A | €3,128 | - | -€3,128 | |
| Gross operating margin | 9900 | €35,571 | €57,564 | +€21,994 | +61.8% |
| Operating profit (loss) | 9901 | €31,221 | €55,301 | +€24,079 | +77.1% |
| Financial income | 75/76B | €5 | €627 | +€622 | +12325.5% |
| Recurring financial income | 75 | €5 | €627 | +€622 | +12325.5% |
| Financial charges | 65/66B | €337 | €3,169 | +€2,833 | +841.7% |
| Recurring financial charges | 65 | €337 | €3,169 | +€2,833 | +841.7% |
| Profit (loss) for the period before taxes | 9903 | €30,890 | €52,759 | +€21,869 | +70.8% |
| Income taxes | 67/77 | €7,248 | €15,697 | +€8,449 | +116.6% |
| Profit (loss) for the period | 9904 | €23,641 | €37,062 | +€13,420 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,641 | €37,062 | +€13,420 | +56.8% |
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 4 October 2026 via checked.be.