MFirma: 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.
MFirma
Largest movements
- Cash -€6,632
down €6,632 (-73.8%), from €8,989 to €2,357
mainly Trade debts (-€4,523) and Investment in fixed assets (net) (-€2,222)
- Tangible fixed assets +€1,821
up €1,821 (+189%), from €963 to €2,784
of which Plant, machinery and equipment: +€2,177
- Trade debts -€4,523
down €4,523 (-100%), from €4,523 to €0
- Other debts -€371
down €371 (-11.0%), from €3,372 to €3,001
- Gross operating margin -€1,701
down €1,701 (-56.2%), from €3,028 to €1,327
- Depreciation +€295
up €295 (+278%), from €106 to €401
- Other operating charges +€266
up €266 (+68.8%), from €387 to €654
- Financial income +€110
new in 2025: €110
- Financial charges +€101
up €101 (+53.0%), from €190 to €291
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 | €10,194 | €5,359 | -€4,835 | -47.4% |
| Fixed assets | 21/28 | €963 | €2,784 | +€1,821 | +189% |
| Tangible fixed assets | 22/27 | €963 | €2,784 | +€1,821 | +189% |
| Plant, machinery and equipment | 23 | €0 | €2,177 | +€2,177 | |
| Furniture and vehicles | 24 | €963 | €607 | -€356 | -37.0% |
| Current assets | 29/58 | €9,231 | €2,576 | -€6,655 | -72.1% |
| Amounts receivable within one year | 40/41 | €242 | €188 | -€54 | -22.4% |
| Trade receivables | 40 | €242 | €0 | -€242 | -100% |
| Other amounts receivable | 41 | €0 | €188 | +€188 | |
| Cash at bank and in hand | 54/58 | €8,989 | €2,357 | -€6,632 | -73.8% |
| Deferred charges and accrued income | 490/1 | - | €31 | +€31 | |
| Total equity and liabilities | 10/49 | €10,194 | €5,359 | -€4,835 | -47.4% |
| Equity | 10/15 | €2,268 | €2,359 | +€90 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,932 | -€3,841 | +€90 | +2.3% |
| Amounts payable | 17/49 | €7,925 | €3,001 | -€4,925 | -62.1% |
| Amounts payable within one year | 42/48 | €7,925 | €3,001 | -€4,925 | -62.1% |
| Trade debts | 44 | €4,523 | €0 | -€4,523 | -100% |
| Suppliers | 440/4 | €4,523 | €0 | -€4,523 | -100% |
| Taxes, remuneration and social security | 45 | €31 | €0 | -€31 | -100% |
| Taxes | 450/3 | €31 | €0 | -€31 | -100% |
| Other amounts payable | 47/48 | €3,372 | €3,001 | -€371 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106 | €401 | +€295 | +278% |
| Other operating charges | 640/8 | €387 | €654 | +€266 | +68.8% |
| Gross operating margin | 9900 | €3,028 | €1,327 | -€1,701 | -56.2% |
| Operating profit (loss) | 9901 | €2,534 | €271 | -€2,263 | -89.3% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €190 | €291 | +€101 | +53.0% |
| Recurring financial charges | 65 | €190 | €291 | +€101 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €2,344 | €90 | -€2,254 | -96.1% |
| Profit (loss) for the period | 9904 | €2,344 | €90 | -€2,254 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,344 | €90 | -€2,254 | -96.1% |
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.