MFF KINEGIVES: 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.
MFF KINEGIVES
Largest movements
- Cash +€33,334
up €33,334 (+1,163%), from €2,865 to €36,199
mainly Net result for the year (+€28,386) and Depreciation (+€10,797)
- Intangible fixed assets -€10,000
down €10,000 (-10.1%), from €98,825 to €88,825
- Receivables within one year -€3,885
down €3,885 (-15.6%), from €24,934 to €21,049
of which Trade receivables: -€5,009
- Reserves +€27,527
up €27,527 (+247%), from €11,167 to €38,694
- Debts after one year -€14,466
down €14,466 (-24.1%), from €59,935 to €45,469
- Tax, wage and social debts +€5,810
up €5,810 (+105%), from €5,539 to €11,349
of which Remuneration and social security: +€4,333
- Gross operating margin +€38,397
up €38,397 (+195%), from €19,659 to €58,055
- Depreciation +€9,563
up €9,563 (+775%), from €1,234 to €10,797
- Financial charges +€7,001
up €7,001 (+1,315%), from €532 to €7,533
- Taxes +€5,337
up €5,337 (+96.4%), from €5,539 to €10,876
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 | €130,235 | €149,550 | +€19,315 | +14.8% |
| Fixed assets | 21/28 | €101,266 | €91,954 | -€9,313 | -9.2% |
| Intangible fixed assets | 21 | €98,825 | €88,825 | -€10,000 | -10.1% |
| Tangible fixed assets | 22/27 | €2,441 | €3,128 | +€687 | +28.1% |
| Plant, machinery and equipment | 23 | - | €1,187 | +€1,187 | |
| Furniture and vehicles | 24 | €2,441 | €1,941 | -€500 | -20.5% |
| Current assets | 29/58 | €28,968 | €57,596 | +€28,628 | +98.8% |
| Amounts receivable within one year | 40/41 | €24,934 | €21,049 | -€3,885 | -15.6% |
| Trade receivables | 40 | €24,934 | €19,925 | -€5,009 | -20.1% |
| Other amounts receivable | 41 | - | €1,124 | +€1,124 | |
| Cash at bank and in hand | 54/58 | €2,865 | €36,199 | +€33,334 | +1,163% |
| Deferred charges and accrued income | 490/1 | €1,169 | €348 | -€821 | -70.2% |
| Total equity and liabilities | 10/49 | €130,235 | €149,550 | +€19,315 | +14.8% |
| Equity | 10/15 | €14,167 | €41,694 | +€27,527 | +194% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,167 | €38,694 | +€27,527 | +247% |
| Distributable reserves | 133 | €11,167 | €38,694 | +€27,527 | +247% |
| Amounts payable | 17/49 | €116,068 | €107,856 | -€8,212 | -7.1% |
| Amounts payable after more than one year | 17 | €59,935 | €45,469 | -€14,466 | -24.1% |
| Financial debts | 170/4 | €59,935 | €45,469 | -€14,466 | -24.1% |
| Amounts payable within one year | 42/48 | €54,599 | €60,646 | +€6,047 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €15,065 | €15,647 | +€583 | +3.9% |
| Trade debts | 44 | €3,089 | €3,030 | -€59 | -1.9% |
| Suppliers | 440/4 | €3,089 | €3,030 | -€59 | -1.9% |
| Taxes, remuneration and social security | 45 | €5,539 | €11,349 | +€5,810 | +105% |
| Taxes | 450/3 | €5,539 | €7,016 | +€1,477 | +26.7% |
| Remuneration and social security | 454/9 | - | €4,333 | +€4,333 | |
| Other amounts payable | 47/48 | €30,906 | €30,619 | -€287 | -0.9% |
| Accrued charges and deferred income | 492/3 | €1,534 | €1,742 | +€208 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234 | €10,797 | +€9,563 | +775% |
| Other operating charges | 640/8 | €387 | €479 | +€92 | +23.7% |
| Gross operating margin | 9900 | €19,659 | €58,055 | +€38,397 | +195% |
| Operating profit (loss) | 9901 | €18,038 | €46,779 | +€28,742 | +159% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €532 | €7,533 | +€7,001 | +1,315% |
| Recurring financial charges | 65 | €532 | €7,533 | +€7,001 | +1,315% |
| Profit (loss) for the period before taxes | 9903 | €17,506 | €39,262 | +€21,756 | +124% |
| Income taxes | 67/77 | €5,539 | €10,876 | +€5,337 | +96.4% |
| Profit (loss) for the period | 9904 | €11,967 | €28,386 | +€16,419 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €11,967 | €28,386 | +€16,419 | +137% |
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 27 October 2026 via checked.be.