MFI SOUDURE: 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 SOUDURE
Largest movements
- Tangible fixed assets -€98,606
down €98,606 (-14.2%), from €694,968 to €596,361
of which Land and buildings: -€77,095
- Cash +€63,020
up €63,020 (+43.5%), from €144,801 to €207,821
mainly Net result for the year (+€225,404) and Depreciation (+€118,526)
- Stocks and contracts +€39,239
up €39,239 (+19.2%), from €204,092 to €243,331
- Receivables within one year +€31,457
up €31,457 (+5.2%), from €608,695 to €640,152
of which Trade receivables: +€97,250
- Debts after one year -€105,318
down €105,318 (-17.1%), from €615,175 to €509,857
- Profit (loss) carried forward +€75,404
up €75,404 (+16.0%), from €471,793 to €547,197
- Trade debts +€38,001
up €38,001 (+72.4%), from €52,479 to €90,481
- Other debts +€24,759
up €24,759 (+17.4%), from €142,436 to €167,195
- Gross operating margin +€106,734
up €106,734 (+17.7%), from €601,723 to €708,457
- Taxes +€27,561
up €27,561 (+52.9%), from €52,145 to €79,707
- Financial income -€10,197
down €10,197 (-91.3%), from €11,172 to €976
- Depreciation -€9,534
down €9,534 (-7.4%), from €128,059 to €118,526
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 | €1,679,090 | €1,711,639 | +€32,548 | +1.9% |
| Fixed assets | 21/28 | €697,168 | €598,561 | -€98,606 | -14.1% |
| Tangible fixed assets | 22/27 | €694,968 | €596,361 | -€98,606 | -14.2% |
| Land and buildings | 22 | €620,149 | €543,054 | -€77,095 | -12.4% |
| Plant, machinery and equipment | 23 | €42,566 | €29,375 | -€13,191 | -31.0% |
| Furniture and vehicles | 24 | €32,253 | €23,932 | -€8,321 | -25.8% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €981,922 | €1,113,077 | +€131,155 | +13.4% |
| Stocks and contracts in progress | 3 | €204,092 | €243,331 | +€39,239 | +19.2% |
| Stocks | 30/36 | €204,092 | €243,331 | +€39,239 | +19.2% |
| Amounts receivable within one year | 40/41 | €608,695 | €640,152 | +€31,457 | +5.2% |
| Trade receivables | 40 | €539,969 | €637,219 | +€97,250 | +18.0% |
| Other amounts receivable | 41 | €68,726 | €2,933 | -€65,793 | -95.7% |
| Cash at bank and in hand | 54/58 | €144,801 | €207,821 | +€63,020 | +43.5% |
| Deferred charges and accrued income | 490/1 | €24,335 | €21,773 | -€2,562 | -10.5% |
| Total equity and liabilities | 10/49 | €1,679,090 | €1,711,639 | +€32,548 | +1.9% |
| Equity | 10/15 | €569,993 | €645,397 | +€75,404 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €36,200 | €36,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €471,793 | €547,197 | +€75,404 | +16.0% |
| Amounts payable | 17/49 | €1,109,097 | €1,066,241 | -€42,856 | -3.9% |
| Amounts payable after more than one year | 17 | €615,175 | €509,857 | -€105,318 | -17.1% |
| Financial debts | 170/4 | €615,175 | €509,857 | -€105,318 | -17.1% |
| Amounts payable within one year | 42/48 | €428,528 | €489,930 | +€61,402 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €110,166 | €105,318 | -€4,848 | -4.4% |
| Trade debts | 44 | €52,479 | €90,481 | +€38,001 | +72.4% |
| Suppliers | 440/4 | €52,479 | €90,481 | +€38,001 | +72.4% |
| Taxes, remuneration and social security | 45 | €123,446 | €126,936 | +€3,489 | +2.8% |
| Taxes | 450/3 | €82,454 | €82,386 | -€68 | -0.1% |
| Remuneration and social security | 454/9 | €40,993 | €44,550 | +€3,557 | +8.7% |
| Other amounts payable | 47/48 | €142,436 | €167,195 | +€24,759 | +17.4% |
| Accrued charges and deferred income | 492/3 | €65,394 | €66,455 | +€1,060 | +1.6% |
| Remuneration, social security and pensions | 62 | €249,640 | €252,719 | +€3,079 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,059 | €118,526 | -€9,534 | -7.4% |
| Other operating charges | 640/8 | €13,686 | €14,697 | +€1,011 | +7.4% |
| Gross operating margin | 9900 | €601,723 | €708,457 | +€106,734 | +17.7% |
| Operating profit (loss) | 9901 | €210,337 | €322,516 | +€112,178 | +53.3% |
| Financial income | 75/76B | €11,172 | €976 | -€10,197 | -91.3% |
| Recurring financial income | 75 | €11,172 | €976 | -€10,197 | -91.3% |
| Financial charges | 65/66B | €21,846 | €18,380 | -€3,466 | -15.9% |
| Recurring financial charges | 65 | €21,091 | €18,380 | -€2,710 | -12.9% |
| Non-recurring financial charges | 66B | €755 | - | -€755 | |
| Profit (loss) for the period before taxes | 9903 | €199,664 | €305,111 | +€105,447 | +52.8% |
| Income taxes | 67/77 | €52,145 | €79,707 | +€27,561 | +52.9% |
| Profit (loss) for the period | 9904 | €147,518 | €225,404 | +€77,886 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,518 | €225,404 | +€77,886 | +52.8% |
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 31 October 2026 via checked.be.