MFK CONSULTANCY: 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.
MFK CONSULTANCY
Largest movements
- Tangible fixed assets +€361,592
up €361,592 (+177%), from €204,027 to €565,619
of which Land and buildings: +€356,284
- Receivables within one year -€27,898
down €27,898 (-12.0%), from €232,288 to €204,390
of which Trade receivables: -€36,612
- Cash +€24,297
up €24,297 (+18.0%), from €134,947 to €159,245
mainly Debts after one year (+€222,583) and Depreciation (+€70,160)
- Stocks and contracts +€11,500
new in 2025: €11,500
- Debts after one year +€222,583
new in 2025: €222,583
- Other debts +€50,000
up €50,000 (+82.7%), from €60,474 to €110,474
- Reserves +€44,241
up €44,241 (+11.3%), from €390,442 to €434,683
- Tax, wage and social debts +€35,492
up €35,492 (+37.1%), from €95,753 to €131,244
- Current portion of long-term debt +€22,721
new in 2025: €22,721
- Gross operating margin -€190,043
down €190,043 (-54.3%), from €349,755 to €159,712
- Taxes -€67,271
down €67,271 (-63.0%), from €106,809 to €39,538
- Depreciation +€16,760
up €16,760 (+31.4%), from €53,399 to €70,160
- Financial charges +€12,779
up €12,779 (+7,929%), from €161 to €12,940
- Financial income +€3,742
up €3,742 (+69.2%), from €5,407 to €9,149
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 | €573,374 | €943,084 | +€369,710 | +64.5% |
| Fixed assets | 21/28 | €204,027 | €565,619 | +€361,592 | +177% |
| Tangible fixed assets | 22/27 | €204,027 | €565,619 | +€361,592 | +177% |
| Land and buildings | 22 | €2,664 | €358,948 | +€356,284 | +13,373% |
| Plant, machinery and equipment | 23 | €2,742 | €6,802 | +€4,060 | +148% |
| Furniture and vehicles | 24 | €198,620 | €199,869 | +€1,248 | +0.6% |
| Current assets | 29/58 | €369,348 | €377,466 | +€8,118 | +2.2% |
| Stocks and contracts in progress | 3 | - | €11,500 | +€11,500 | |
| Stocks | 30/36 | - | €11,500 | +€11,500 | |
| Amounts receivable within one year | 40/41 | €232,288 | €204,390 | -€27,898 | -12.0% |
| Trade receivables | 40 | €75,576 | €38,965 | -€36,612 | -48.4% |
| Other amounts receivable | 41 | €156,712 | €165,425 | +€8,713 | +5.6% |
| Cash at bank and in hand | 54/58 | €134,947 | €159,245 | +€24,297 | +18.0% |
| Deferred charges and accrued income | 490/1 | €2,112 | €2,331 | +€219 | +10.4% |
| Total equity and liabilities | 10/49 | €573,374 | €943,084 | +€369,710 | +64.5% |
| Equity | 10/15 | €402,842 | €447,083 | +€44,241 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €390,442 | €434,683 | +€44,241 | +11.3% |
| Distributable reserves | 133 | €390,442 | €434,683 | +€44,241 | +11.3% |
| Amounts payable | 17/49 | €170,533 | €496,002 | +€325,469 | +191% |
| Amounts payable after more than one year | 17 | - | €222,583 | +€222,583 | |
| Financial debts | 170/4 | - | €222,583 | +€222,583 | |
| Amounts payable within one year | 42/48 | €170,533 | €273,418 | +€102,886 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | - | €22,721 | +€22,721 | |
| Trade debts | 44 | €4,306 | €8,979 | +€4,672 | +109% |
| Suppliers | 440/4 | €4,306 | €8,979 | +€4,672 | +109% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100% |
| Taxes, remuneration and social security | 45 | €95,753 | €131,244 | +€35,492 | +37.1% |
| Taxes | 450/3 | €95,753 | €131,244 | +€35,492 | +37.1% |
| Other amounts payable | 47/48 | €60,474 | €110,474 | +€50,000 | +82.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,399 | €70,160 | +€16,760 | +31.4% |
| Other operating charges | 640/8 | €1,036 | €1,982 | +€947 | +91.4% |
| Non-recurring operating charges | 66A | €5,340 | €0 | -€5,340 | -100% |
| Gross operating margin | 9900 | €349,755 | €159,712 | -€190,043 | -54.3% |
| Operating profit (loss) | 9901 | €289,980 | €87,570 | -€202,410 | -69.8% |
| Financial income | 75/76B | €5,407 | €9,149 | +€3,742 | +69.2% |
| Recurring financial income | 75 | €5,407 | €9,149 | +€3,742 | +69.2% |
| Financial charges | 65/66B | €161 | €12,940 | +€12,779 | +7,929% |
| Recurring financial charges | 65 | €161 | €12,940 | +€12,779 | +7,929% |
| Profit (loss) for the period before taxes | 9903 | €295,226 | €83,779 | -€211,447 | -71.6% |
| Income taxes | 67/77 | €106,809 | €39,538 | -€67,271 | -63.0% |
| Profit (loss) for the period | 9904 | €188,417 | €44,241 | -€144,176 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,417 | €44,241 | -€144,176 | -76.5% |
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.