MFM DIGITAL: 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.
MFM DIGITAL
Largest movements
- Receivables within one year +€82,171
up €82,171 (+26.5%), from €309,864 to €392,035
of which Trade receivables: +€100,225
- Cash +€23,754
up €23,754 (+276.3%), from €8,598 to €32,352
mainly Debts after one year (+€99,473) and Net result for the year (+€37,304)
- Debts after one year +€99,473
up €99,473 (+1032.4%), from €9,635 to €109,108
- Profit (loss) carried forward +€37,304
up €37,304, from -€25,150 to €12,154
- Tax, wage and social debts -€20,368
down €20,368 (-43.6%), from €46,762 to €26,394
of which Taxes: -€20,720
- Accrued charges and deferred income -€17,613
down €17,613 (-76.4%), from €23,057 to €5,443
- Short-term financial debts +€17,234
up €17,234 (+99.3%), from €17,360 to €34,593
- Gross operating margin +€93,737
up €93,737 (+37.4%), from €250,712 to €344,450
- Staff costs +€60,342
up €60,342 (+26.0%), from €232,368 to €292,709
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 | €344,791 | €455,225 | +€110,433 | +32.0% |
| Fixed assets | 21/28 | €20,789 | €24,111 | +€3,322 | +16.0% |
| Tangible fixed assets | 22/27 | €20,786 | €24,108 | +€3,322 | +16.0% |
| Furniture and vehicles | 24 | €20,786 | €21,408 | +€622 | +3.0% |
| Other tangible fixed assets | 26 | - | €2,700 | +€2,700 | |
| Financial fixed assets | 28 | €3 | €3 | = | 0.0% |
| Current assets | 29/58 | €324,002 | €431,114 | +€107,111 | +33.1% |
| Amounts receivable within one year | 40/41 | €309,864 | €392,035 | +€82,171 | +26.5% |
| Trade receivables | 40 | €238,857 | €339,082 | +€100,225 | +42.0% |
| Other amounts receivable | 41 | €71,007 | €52,953 | -€18,054 | -25.4% |
| Cash at bank and in hand | 54/58 | €8,598 | €32,352 | +€23,754 | +276.3% |
| Deferred charges and accrued income | 490/1 | €5,540 | €6,726 | +€1,186 | +21.4% |
| Total equity and liabilities | 10/49 | €344,791 | €455,225 | +€110,433 | +32.0% |
| Equity | 10/15 | €169,850 | €207,154 | +€37,304 | +22.0% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,150 | €12,154 | +€37,304 | |
| Amounts payable | 17/49 | €174,942 | €248,071 | +€73,129 | +41.8% |
| Amounts payable after more than one year | 17 | €9,635 | €109,108 | +€99,473 | +1032.4% |
| Financial debts | 170/4 | €9,635 | €109,108 | +€99,473 | +1032.4% |
| Amounts payable within one year | 42/48 | €142,250 | €133,520 | -€8,730 | -6.1% |
| Financial debts | 43 | €17,360 | €34,593 | +€17,234 | +99.3% |
| Credit institutions | 430/8 | €17,360 | €34,593 | +€17,234 | +99.3% |
| Trade debts | 44 | €18,518 | €26,409 | +€7,891 | +42.6% |
| Suppliers | 440/4 | €18,518 | €26,409 | +€7,891 | +42.6% |
| Taxes, remuneration and social security | 45 | €46,762 | €26,394 | -€20,368 | -43.6% |
| Taxes | 450/3 | €38,860 | €18,140 | -€20,720 | -53.3% |
| Remuneration and social security | 454/9 | €7,902 | €8,254 | +€352 | +4.5% |
| Other amounts payable | 47/48 | €59,611 | €46,124 | -€13,487 | -22.6% |
| Accrued charges and deferred income | 492/3 | €23,057 | €5,443 | -€17,613 | -76.4% |
| Remuneration, social security and pensions | 62 | €232,368 | €292,709 | +€60,342 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,773 | €7,356 | -€2,417 | -24.7% |
| Other operating charges | 640/8 | €1,648 | €1,279 | -€369 | -22.4% |
| Gross operating margin | 9900 | €250,712 | €344,450 | +€93,737 | +37.4% |
| Operating profit (loss) | 9901 | €6,924 | €43,105 | +€36,182 | +522.6% |
| Financial income | 75/76B | €2,229 | €2,495 | +€266 | +11.9% |
| Recurring financial income | 75 | €2,229 | €2,495 | +€266 | +11.9% |
| Financial charges | 65/66B | €4,594 | €7,976 | +€3,381 | +73.6% |
| Recurring financial charges | 65 | €4,594 | €7,976 | +€3,381 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €4,558 | €37,624 | +€33,066 | +725.4% |
| Income taxes | 67/77 | €486 | €320 | -€166 | -34.2% |
| Profit (loss) for the period | 9904 | €4,072 | €37,304 | +€33,232 | +816.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,072 | €37,304 | +€33,232 | +816.1% |
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 4 October 2026 via checked.be.