MFK PLEISTERWERKEN: what changed
MFK PLEISTERWERKEN
Largest movements
- Cash +€165,046
up €165,046 (+34.4%), from €480,465 to €645,510
mainly Net result for the year (+€140,111) and Receivables within one year (+€131,376)
- Receivables within one year -€131,376
down €131,376 (-32.9%), from €399,718 to €268,343
of which Trade receivables: -€83,677
- Tangible fixed assets -€19,989
down €19,989 (-8.6%), from €232,091 to €212,102
- Reserves +€109,112
up €109,112 (+14.5%), from €754,891 to €864,003
- Trade debts -€106,601
down €106,601 (-57.3%), from €186,012 to €79,412
- Tax, wage and social debts +€17,667
up €17,667 (+24.7%), from €71,468 to €89,136
of which Taxes: +€16,767
- Gross operating margin -€298,245
down €298,245 (-55.3%), from €539,697 to €241,451
- Taxes -€76,279
down €76,279 (-55.3%), from €137,890 to €61,611
- Write-downs -€63,999
no longer reported in 2025 (was €63,999)
- Depreciation +€9,892
up €9,892 (+61.6%), from €16,063 to €25,955
- Financial charges -€8,305
down €8,305 (-41.2%), from €20,170 to €11,866
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,114,244 | €1,128,220 | +€13,976 | +1.3% |
| Fixed assets | 21/28 | €232,091 | €212,102 | -€19,989 | -8.6% |
| Tangible fixed assets | 22/27 | €232,091 | €212,102 | -€19,989 | -8.6% |
| Land and buildings | 22 | €198,176 | €192,727 | -€5,449 | -2.7% |
| Plant, machinery and equipment | 23 | €13,390 | €7,474 | -€5,916 | -44.2% |
| Furniture and vehicles | 24 | €20,525 | €11,901 | -€8,624 | -42.0% |
| Current assets | 29/58 | €882,152 | €916,117 | +€33,965 | +3.9% |
| Amounts receivable within one year | 40/41 | €399,718 | €268,343 | -€131,376 | -32.9% |
| Trade receivables | 40 | €283,243 | €199,566 | -€83,677 | -29.5% |
| Other amounts receivable | 41 | €116,475 | €68,777 | -€47,698 | -41.0% |
| Cash at bank and in hand | 54/58 | €480,465 | €645,510 | +€165,046 | +34.4% |
| Deferred charges and accrued income | 490/1 | €1,969 | €2,264 | +€295 | +15.0% |
| Total equity and liabilities | 10/49 | €1,114,244 | €1,128,220 | +€13,976 | +1.3% |
| Equity | 10/15 | €761,091 | €870,203 | +€109,112 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €754,891 | €864,003 | +€109,112 | +14.5% |
| Distributable reserves | 133 | €754,891 | €864,003 | +€109,112 | +14.5% |
| Amounts payable | 17/49 | €353,153 | €258,017 | -€95,136 | -26.9% |
| Amounts payable after more than one year | 17 | €60,000 | €48,962 | -€11,038 | -18.4% |
| Financial debts | 170/4 | €60,000 | €48,962 | -€11,038 | -18.4% |
| Amounts payable within one year | 42/48 | €293,153 | €209,055 | -€84,098 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €10,786 | €11,038 | +€252 | +2.3% |
| Trade debts | 44 | €186,012 | €79,412 | -€106,601 | -57.3% |
| Suppliers | 440/4 | €186,012 | €79,412 | -€106,601 | -57.3% |
| Taxes, remuneration and social security | 45 | €71,468 | €89,136 | +€17,667 | +24.7% |
| Taxes | 450/3 | €71,468 | €88,236 | +€16,767 | +23.5% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €24,886 | €29,470 | +€4,584 | +18.4% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €4,148 | - | -€4,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,063 | €25,955 | +€9,892 | +61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €63,999 | - | -€63,999 | |
| Other operating charges | 640/8 | €9,138 | €6,712 | -€2,426 | -26.6% |
| Gross operating margin | 9900 | €539,697 | €241,451 | -€298,245 | -55.3% |
| Operating profit (loss) | 9901 | €446,349 | €208,784 | -€237,564 | -53.2% |
| Financial income | 75/76B | €4,315 | €4,803 | +€488 | +11.3% |
| Recurring financial income | 75 | €4,315 | €4,803 | +€488 | +11.3% |
| Financial charges | 65/66B | €20,170 | €11,866 | -€8,305 | -41.2% |
| Recurring financial charges | 65 | €20,170 | €11,866 | -€8,305 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €430,493 | €201,721 | -€228,772 | -53.1% |
| Income taxes | 67/77 | €137,890 | €61,611 | -€76,279 | -55.3% |
| Profit (loss) for the period | 9904 | €292,604 | €140,111 | -€152,493 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €292,604 | €140,111 | -€152,493 | -52.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.