MFI Communications: 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.
MFI Communications
Largest movements
- Cash +€16,081
up €16,081 (+52.1%), from €30,842 to €46,923
mainly Other debts (+€21,736) and Net result for the year (+€14,665)
- Receivables within one year +€2,969
up €2,969 (+19.0%), from €15,600 to €18,569
of which Trade receivables: +€2,853
- Deferred charges and accrued income -€809
down €809 (-86.9%), from €931 to €122
- Other debts +€21,736
up €21,736 (+313%), from €6,942 to €28,678
- Reserves -€12,290
down €12,290 (-86.9%), from €14,145 to €1,855
of which Distributable reserves: -€12,290
- Tax, wage and social debts +€4,650
up €4,650 (+77.0%), from €6,042 to €10,692
of which Taxes: +€4,682
- Accrued charges and deferred income +€2,002
up €2,002 (+27.8%), from €7,200 to €9,202
- Trade debts +€1,815
up €1,815 (+122%), from €1,488 to €3,303
- Gross operating margin +€11,820
up €11,820 (+120%), from €9,815 to €21,635
- Taxes +€3,639
up €3,639 (+515%), from €707 to €4,346
- Depreciation -€2,372
down €2,372 (-59.2%), from €4,004 to €1,632
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 | €54,367 | €72,280 | +€17,913 | +32.9% |
| Fixed assets | 21/28 | €6,994 | €6,666 | -€328 | -4.7% |
| Tangible fixed assets | 22/27 | €6,904 | €6,576 | -€328 | -4.8% |
| Furniture and vehicles | 24 | €955 | €1,293 | +€338 | +35.4% |
| Other tangible fixed assets | 26 | €5,949 | €5,283 | -€666 | -11.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €47,373 | €65,614 | +€18,241 | +38.5% |
| Amounts receivable within one year | 40/41 | €15,600 | €18,569 | +€2,969 | +19.0% |
| Trade receivables | 40 | €14,212 | €17,065 | +€2,853 | +20.1% |
| Other amounts receivable | 41 | €1,388 | €1,504 | +€116 | +8.4% |
| Cash at bank and in hand | 54/58 | €30,842 | €46,923 | +€16,081 | +52.1% |
| Deferred charges and accrued income | 490/1 | €931 | €122 | -€809 | -86.9% |
| Total equity and liabilities | 10/49 | €54,367 | €72,280 | +€17,913 | +32.9% |
| Equity | 10/15 | €32,695 | €20,405 | -€12,290 | -37.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €14,145 | €1,855 | -€12,290 | -86.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €12,290 | - | -€12,290 | |
| Amounts payable | 17/49 | €21,672 | €51,875 | +€30,203 | +139% |
| Amounts payable within one year | 42/48 | €14,472 | €42,673 | +€28,201 | +195% |
| Trade debts | 44 | €1,488 | €3,303 | +€1,815 | +122% |
| Suppliers | 440/4 | €1,488 | €3,303 | +€1,815 | +122% |
| Taxes, remuneration and social security | 45 | €6,042 | €10,692 | +€4,650 | +77.0% |
| Taxes | 450/3 | €6,010 | €10,692 | +€4,682 | +77.9% |
| Remuneration and social security | 454/9 | €32 | - | -€32 | |
| Other amounts payable | 47/48 | €6,942 | €28,678 | +€21,736 | +313% |
| Accrued charges and deferred income | 492/3 | €7,200 | €9,202 | +€2,002 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,004 | €1,632 | -€2,372 | -59.2% |
| Other operating charges | 640/8 | €673 | €699 | +€26 | +3.9% |
| Gross operating margin | 9900 | €9,815 | €21,635 | +€11,820 | +120% |
| Operating profit (loss) | 9901 | €5,138 | €19,304 | +€14,166 | +276% |
| Financial income | 75/76B | €3 | €12 | +€9 | +300% |
| Recurring financial income | 75 | €3 | €12 | +€9 | +300% |
| Financial charges | 65/66B | €272 | €305 | +€33 | +12.1% |
| Recurring financial charges | 65 | €272 | €305 | +€33 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €4,869 | €19,011 | +€14,142 | +290% |
| Income taxes | 67/77 | €707 | €4,346 | +€3,639 | +515% |
| Profit (loss) for the period | 9904 | €4,162 | €14,665 | +€10,503 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €4,162 | €14,665 | +€10,503 | +252% |
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 29 October 2026 via checked.be.