MFCM: 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.
MFCM
Largest movements
- Receivables within one year -€818,917
down €818,917 (-100.0%), from €818,959 to €42
of which Other amounts receivable: -€818,959
- Deferred charges and accrued income -€26,627
down €26,627 (-54.7%), from €48,659 to €22,032
- Profit (loss) carried forward -€588,596
down €588,596, from €560,492 to -€28,104
- Other debts -€252,737
down €252,737 (-96.2%), from €262,624 to €9,888
- Taxes +€607,905
up €607,905 (+4784.3%), from €12,706 to €620,611
- Financial income -€26,627
down €26,627 (-54.7%), from €48,659 to €22,032
- Gross operating margin +€12,775
up €12,775, from -€1,732 to €11,044
- Other operating charges +€555
new in 2025: €555
- Financial charges +€304
up €304 (+150.7%), from €202 to €506
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 | €867,645 | €22,482 | -€845,164 | -97.4% |
| Current assets | 29/58 | €867,645 | €22,482 | -€845,164 | -97.4% |
| Amounts receivable within one year | 40/41 | €818,959 | €42 | -€818,917 | -100.0% |
| Trade receivables | 40 | - | €42 | +€42 | |
| Other amounts receivable | 41 | €818,959 | - | -€818,959 | |
| Cash at bank and in hand | 54/58 | €27 | €408 | +€380 | +1391.5% |
| Deferred charges and accrued income | 490/1 | €48,659 | €22,032 | -€26,627 | -54.7% |
| Total equity and liabilities | 10/49 | €867,645 | €22,482 | -€845,164 | -97.4% |
| Equity | 10/15 | €580,952 | -€7,644 | -€588,596 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €560,492 | -€28,104 | -€588,596 | |
| Amounts payable | 17/49 | €286,693 | €30,126 | -€256,567 | -89.5% |
| Amounts payable within one year | 42/48 | €286,693 | €30,126 | -€256,567 | -89.5% |
| Financial debts | 43 | €377 | - | -€377 | |
| Credit institutions | 430/8 | €377 | - | -€377 | |
| Taxes, remuneration and social security | 45 | €23,691 | €20,238 | -€3,453 | -14.6% |
| Taxes | 450/3 | €23,691 | €20,238 | -€3,453 | -14.6% |
| Other amounts payable | 47/48 | €262,624 | €9,888 | -€252,737 | -96.2% |
| Other operating charges | 640/8 | - | €555 | +€555 | |
| Gross operating margin | 9900 | -€1,732 | €11,044 | +€12,775 | |
| Operating profit (loss) | 9901 | -€1,732 | €10,489 | +€12,220 | |
| Financial income | 75/76B | €48,659 | €22,032 | -€26,627 | -54.7% |
| Recurring financial income | 75 | €48,659 | €22,032 | -€26,627 | -54.7% |
| Financial charges | 65/66B | €202 | €506 | +€304 | +150.7% |
| Recurring financial charges | 65 | €202 | €506 | +€304 | +150.7% |
| Profit (loss) for the period before taxes | 9903 | €46,725 | €32,015 | -€14,710 | -31.5% |
| Income taxes | 67/77 | €12,706 | €620,611 | +€607,905 | +4784.3% |
| Profit (loss) for the period | 9904 | €34,019 | -€588,596 | -€622,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,019 | -€588,596 | -€622,615 |
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 7 October 2026 via checked.be.