MFD HOME: 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 HOME
Largest movements
- Tangible fixed assets +€334,573
up €334,573 (+70.5%), from €474,702 to €809,275
of which Assets under construction and advance payments: +€342,635
- Receivables within one year +€117,225
up €117,225 (+29.5%), from €397,480 to €514,705
of which Other amounts receivable: +€85,857
- Debts after one year +€275,072
up €275,072 (+126%), from €218,554 to €493,626
- Reserves +€95,000
up €95,000 (+28.3%), from €336,000 to €431,000
- Short-term financial debts +€56,370
up €56,370 (+453%), from €12,449 to €68,819
- Financial income +€14,085
up €14,085 (+131%), from €10,758 to €24,843
- Gross operating margin +€5,185
up €5,185 (+3.6%), from €144,963 to €150,148
- Taxes +€5,161
up €5,161 (+14.7%), from €35,079 to €40,241
- Financial charges +€5,126
up €5,126 (+42.0%), from €12,191 to €17,317
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 | €918,062 | €1,366,862 | +€448,799 | +48.9% |
| Fixed assets | 21/28 | €474,702 | €809,275 | +€334,573 | +70.5% |
| Tangible fixed assets | 22/27 | €474,702 | €809,275 | +€334,573 | +70.5% |
| Land and buildings | 22 | €458,261 | €443,937 | -€14,325 | -3.1% |
| Plant, machinery and equipment | 23 | €16,441 | €22,703 | +€6,262 | +38.1% |
| Assets under construction and advance payments | 27 | - | €342,635 | +€342,635 | |
| Current assets | 29/58 | €443,360 | €557,587 | +€114,227 | +25.8% |
| Amounts receivable within one year | 40/41 | €397,480 | €514,705 | +€117,225 | +29.5% |
| Trade receivables | 40 | €30,346 | €61,715 | +€31,369 | +103% |
| Other amounts receivable | 41 | €367,134 | €452,991 | +€85,857 | +23.4% |
| Cash at bank and in hand | 54/58 | €45,156 | €42,153 | -€3,003 | -6.7% |
| Deferred charges and accrued income | 490/1 | €724 | €729 | +€5 | +0.6% |
| Total equity and liabilities | 10/49 | €918,062 | €1,366,862 | +€448,799 | +48.9% |
| Equity | 10/15 | €367,581 | €462,809 | +€95,228 | +25.9% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Reserves | 13 | €336,000 | €431,000 | +€95,000 | +28.3% |
| Distributable reserves | 133 | €336,000 | €431,000 | +€95,000 | +28.3% |
| Profit (loss) carried forward | 14 | €17,221 | €17,449 | +€228 | +1.3% |
| Amounts payable | 17/49 | €550,481 | €904,053 | +€353,572 | +64.2% |
| Amounts payable after more than one year | 17 | €218,554 | €493,626 | +€275,072 | +126% |
| Financial debts | 170/4 | €218,554 | €493,626 | +€275,072 | +126% |
| Amounts payable within one year | 42/48 | €329,744 | €408,175 | +€78,431 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €40,436 | €43,486 | +€3,051 | +7.5% |
| Financial debts | 43 | €12,449 | €68,819 | +€56,370 | +453% |
| Credit institutions | 430/8 | €12,449 | €68,819 | +€56,370 | +453% |
| Trade debts | 44 | €19,159 | €21,707 | +€2,548 | +13.3% |
| Suppliers | 440/4 | €19,159 | €21,707 | +€2,548 | +13.3% |
| Taxes, remuneration and social security | 45 | €22,936 | €33,561 | +€10,625 | +46.3% |
| Taxes | 450/3 | €22,936 | €33,561 | +€10,625 | +46.3% |
| Other amounts payable | 47/48 | €234,766 | €240,602 | +€5,837 | +2.5% |
| Accrued charges and deferred income | 492/3 | €2,183 | €2,252 | +€69 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,994 | €17,159 | -€836 | -4.6% |
| Other operating charges | 640/8 | €4,735 | €5,047 | +€312 | +6.6% |
| Gross operating margin | 9900 | €144,963 | €150,148 | +€5,185 | +3.6% |
| Operating profit (loss) | 9901 | €122,233 | €127,942 | +€5,709 | +4.7% |
| Financial income | 75/76B | €10,758 | €24,843 | +€14,085 | +131% |
| Recurring financial income | 75 | €10,758 | €24,843 | +€14,085 | +131% |
| Financial charges | 65/66B | €12,191 | €17,317 | +€5,126 | +42.0% |
| Recurring financial charges | 65 | €12,191 | €17,317 | +€5,126 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €120,800 | €135,468 | +€14,668 | +12.1% |
| Income taxes | 67/77 | €35,079 | €40,241 | +€5,161 | +14.7% |
| Profit (loss) for the period | 9904 | €85,721 | €95,228 | +€9,507 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,721 | €95,228 | +€9,507 | +11.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.