MFD Accountancy: what changed
Two financial 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.
MFD Accountancy
Largest movements
- Cash -€4,583
down €4,583 (-45.1%), from €10,165 to €5,581
mainly Current portion of long-term debt (-€6,528) and Debts after one year (-€3,304)
- Tangible fixed assets -€4,428
down €4,428 (-35.4%), from €12,517 to €8,088
- Receivables within one year +€3,205
up €3,205 (+49.9%), from €6,424 to €9,629
of which Trade receivables: +€3,865
- Deferred charges and accrued income +€820
up €820 (+68.8%), from €1,192 to €2,013
- Current portion of long-term debt -€6,528
down €6,528 (-66.4%), from €9,832 to €3,304
- Other debts +€3,419
up €3,419 (+243%), from €1,406 to €4,825
- Debts after one year -€3,304
no longer reported in 2025 (was €3,304)
- Tax, wage and social debts +€2,380
up €2,380 (+94.9%), from €2,509 to €4,889
- Short-term financial debts -€1,356
no longer reported in 2025 (was €1,356)
- Gross operating margin -€12,816
down €12,816 (-68.8%), from €18,630 to €5,814
- Depreciation -€5,618
down €5,618 (-55.9%), from €10,046 to €4,428
- Taxes -€2,840
down €2,840 (-96.9%), from €2,931 to €92
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.
Derived cash bridge
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 | €30,298 | €25,311 | -€4,987 | -16.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,517 | €8,088 | -€4,428 | -35.4% |
| Tangible fixed assets | 22/27 | €12,517 | €8,088 | -€4,428 | -35.4% |
| Furniture and vehicles | 24 | €12,517 | €8,088 | -€4,428 | -35.4% |
| Current assets | 29/58 | €17,781 | €17,223 | -€558 | -3.1% |
| Amounts receivable within one year | 40/41 | €6,424 | €9,629 | +€3,205 | +49.9% |
| Trade receivables | 40 | €5,274 | €9,138 | +€3,865 | +73.3% |
| Other amounts receivable | 41 | €1,150 | €490 | -€660 | -57.4% |
| Cash at bank and in hand | 54/58 | €10,165 | €5,581 | -€4,583 | -45.1% |
| Deferred charges and accrued income | 490/1 | €1,192 | €2,013 | +€820 | +68.8% |
| Total equity and liabilities | 10/49 | €30,298 | €25,311 | -€4,987 | -16.5% |
| Equity | 10/15 | €9,780 | €9,966 | +€186 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,780 | €4,966 | +€186 | +3.9% |
| Distributable reserves | 133 | €4,780 | €4,966 | +€186 | +3.9% |
| Amounts payable | 17/49 | €20,518 | €15,345 | -€5,173 | -25.2% |
| Amounts payable after more than one year | 17 | €3,304 | - | -€3,304 | |
| Financial debts | 170/4 | €3,304 | - | -€3,304 | |
| Amounts payable within one year | 42/48 | €17,212 | €15,345 | -€1,868 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €9,832 | €3,304 | -€6,528 | -66.4% |
| Financial debts | 43 | €1,356 | - | -€1,356 | |
| Other loans | 439 | €1,356 | - | -€1,356 | |
| Trade debts | 44 | €2,110 | €2,327 | +€217 | +10.3% |
| Suppliers | 440/4 | €2,110 | €2,327 | +€217 | +10.3% |
| Taxes, remuneration and social security | 45 | €2,509 | €4,889 | +€2,380 | +94.9% |
| Taxes | 450/3 | €2,509 | €4,889 | +€2,380 | +94.9% |
| Other amounts payable | 47/48 | €1,406 | €4,825 | +€3,419 | +243% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,046 | €4,428 | -€5,618 | -55.9% |
| Other operating charges | 640/8 | €736 | €759 | +€24 | +3.2% |
| Gross operating margin | 9900 | €18,630 | €5,814 | -€12,816 | -68.8% |
| Operating profit (loss) | 9901 | €7,848 | €626 | -€7,222 | -92.0% |
| Financial income | 75/76B | €4 | €7 | +€3 | +68.8% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +68.8% |
| Financial charges | 65/66B | €476 | €355 | -€121 | -25.5% |
| Recurring financial charges | 65 | €476 | €355 | -€121 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €7,376 | €278 | -€7,098 | -96.2% |
| Income taxes | 67/77 | €2,931 | €92 | -€2,840 | -96.9% |
| Profit (loss) for the period | 9904 | €4,445 | €186 | -€4,258 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,445 | €186 | -€4,258 | -95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.