MFLUENZ: what changed
Two fiscal 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.
MFLUENZ
Largest movements
- Cash +€77,713
up €77,713 (+139.2%), from €55,830 to €133,543
mainly Receivables within one year (+€32,127) and Net result for the year (+€25,205)
- Receivables within one year -€32,127
down €32,127 (-38.6%), from €83,210 to €51,083
of which Other amounts receivable: -€32,572
- Deferred charges and accrued income -€18,019
down €18,019 (-100.0%), from €18,019 to €0
- Tangible fixed assets -€7,367
down €7,367 (-66.4%), from €11,096 to €3,729
- Reserves +€25,205
up €25,205 (+19.6%), from €128,435 to €153,640
- Trade debts -€12,309
down €12,309 (-97.5%), from €12,624 to €315
- Tax, wage and social debts +€6,223
up €6,223 (+50.9%), from €12,234 to €18,457
of which Taxes: +€6,229
- Write-downs -€25,024
no longer reported in 2025 (was €25,024)
- Gross operating margin -€13,211
down €13,211 (-22.4%), from €58,880 to €45,669
- Taxes +€8,517
up €8,517 (+110.7%), from €7,695 to €16,212
- Depreciation -€4,023
down €4,023 (-47.6%), from €8,457 to €4,434
- Financial charges +€1,313
up €1,313 (+847.1%), from €155 to €1,468
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.
Cash bridge derived
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 | €169,993 | €188,655 | +€18,662 | +11.0% |
| Fixed assets | 21/28 | €12,934 | €4,029 | -€8,905 | -68.8% |
| Intangible fixed assets | 21 | €1,500 | €300 | -€1,200 | -80.0% |
| Tangible fixed assets | 22/27 | €11,096 | €3,729 | -€7,367 | -66.4% |
| Furniture and vehicles | 24 | €11,096 | €3,729 | -€7,367 | -66.4% |
| Financial fixed assets | 28 | €338 | €0 | -€338 | -100.0% |
| Current assets | 29/58 | €157,059 | €184,626 | +€27,567 | +17.6% |
| Amounts receivable within one year | 40/41 | €83,210 | €51,083 | -€32,127 | -38.6% |
| Trade receivables | 40 | €6,815 | €7,260 | +€445 | +6.5% |
| Other amounts receivable | 41 | €76,395 | €43,823 | -€32,572 | -42.6% |
| Cash at bank and in hand | 54/58 | €55,830 | €133,543 | +€77,713 | +139.2% |
| Deferred charges and accrued income | 490/1 | €18,019 | €0 | -€18,019 | -100.0% |
| Total equity and liabilities | 10/49 | €169,993 | €188,655 | +€18,662 | +11.0% |
| Equity | 10/15 | €144,678 | €169,883 | +€25,205 | +17.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €128,435 | €153,640 | +€25,205 | +19.6% |
| Distributable reserves | 133 | €128,435 | €153,640 | +€25,205 | +19.6% |
| Profit (loss) carried forward | 14 | €12,243 | €12,243 | = | 0.0% |
| Amounts payable | 17/49 | €25,315 | €18,772 | -€6,543 | -25.8% |
| Amounts payable within one year | 42/48 | €24,858 | €18,772 | -€6,086 | -24.5% |
| Trade debts | 44 | €12,624 | €315 | -€12,309 | -97.5% |
| Suppliers | 440/4 | €12,624 | €315 | -€12,309 | -97.5% |
| Taxes, remuneration and social security | 45 | €12,234 | €18,457 | +€6,223 | +50.9% |
| Taxes | 450/3 | €12,228 | €18,457 | +€6,229 | +50.9% |
| Remuneration and social security | 454/9 | €6 | - | -€6 | |
| Accrued charges and deferred income | 492/3 | €457 | - | -€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,457 | €4,434 | -€4,023 | -47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,024 | - | -€25,024 | |
| Other operating charges | 640/8 | €1,702 | €1,821 | +€119 | +7.0% |
| Gross operating margin | 9900 | €58,880 | €45,669 | -€13,211 | -22.4% |
| Operating profit (loss) | 9901 | €23,697 | €39,414 | +€15,717 | +66.3% |
| Financial income | 75/76B | €3,330 | €3,471 | +€141 | +4.2% |
| Recurring financial income | 75 | €3,330 | €3,471 | +€141 | +4.2% |
| Financial charges | 65/66B | €155 | €1,468 | +€1,313 | +847.1% |
| Recurring financial charges | 65 | €155 | €1,468 | +€1,313 | +847.1% |
| Profit (loss) for the period before taxes | 9903 | €26,872 | €41,417 | +€14,545 | +54.1% |
| Income taxes | 67/77 | €7,695 | €16,212 | +€8,517 | +110.7% |
| Profit (loss) for the period | 9904 | €19,177 | €25,205 | +€6,028 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,177 | €25,205 | +€6,028 | +31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.