MFM PSYMAE: 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.
MFM PSYMAE
Largest movements
- Cash +€44,489
up €44,489 (+69.5%), from €64,025 to €108,514
mainly Net result for the year (+€42,571) and Depreciation (+€36,593)
- Tangible fixed assets -€19,301
down €19,301 (-4.0%), from €482,388 to €463,087
of which Land and buildings: -€16,222
- Profit (loss) carried forward +€42,571
up €42,571 (+10.9%), from €391,098 to €433,669
- Other debts -€15,820
down €15,820 (-11.8%), from €134,351 to €118,531
- Gross operating margin -€6,963
down €6,963 (-7.0%), from €99,451 to €92,488
- Depreciation -€5,398
down €5,398 (-12.9%), from €41,991 to €36,593
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 | €562,371 | €584,948 | +€22,577 | +4.0% |
| Fixed assets | 21/28 | €482,388 | €463,087 | -€19,301 | -4.0% |
| Tangible fixed assets | 22/27 | €482,388 | €463,087 | -€19,301 | -4.0% |
| Land and buildings | 22 | €464,165 | €447,943 | -€16,222 | -3.5% |
| Plant, machinery and equipment | 23 | €17,292 | €14,089 | -€3,203 | -18.5% |
| Furniture and vehicles | 24 | €931 | €1,055 | +€124 | +13.3% |
| Current assets | 29/58 | €79,983 | €121,861 | +€41,878 | +52.4% |
| Amounts receivable within one year | 40/41 | €15,958 | €13,347 | -€2,611 | -16.4% |
| Trade receivables | 40 | €15,928 | €13,109 | -€2,819 | -17.7% |
| Other amounts receivable | 41 | €30 | €238 | +€208 | +693% |
| Cash at bank and in hand | 54/58 | €64,025 | €108,514 | +€44,489 | +69.5% |
| Total equity and liabilities | 10/49 | €562,371 | €584,948 | +€22,577 | +4.0% |
| Equity | 10/15 | €417,219 | €459,790 | +€42,571 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,921 | €19,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,061 | €18,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,098 | €433,669 | +€42,571 | +10.9% |
| Amounts payable | 17/49 | €145,152 | €125,158 | -€19,994 | -13.8% |
| Amounts payable within one year | 42/48 | €145,152 | €125,158 | -€19,994 | -13.8% |
| Financial debts | 43 | €3,390 | €3,378 | -€12 | -0.4% |
| Credit institutions | 430/8 | €3,390 | €3,378 | -€12 | -0.4% |
| Trade debts | 44 | €296 | €170 | -€126 | -42.6% |
| Suppliers | 440/4 | €296 | €170 | -€126 | -42.6% |
| Taxes, remuneration and social security | 45 | €7,115 | €3,079 | -€4,036 | -56.7% |
| Taxes | 450/3 | €7,115 | €3,079 | -€4,036 | -56.7% |
| Other amounts payable | 47/48 | €134,351 | €118,531 | -€15,820 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,991 | €36,593 | -€5,398 | -12.9% |
| Other operating charges | 640/8 | €2,036 | €2,034 | -€2 | -0.1% |
| Gross operating margin | 9900 | €99,451 | €92,488 | -€6,963 | -7.0% |
| Operating profit (loss) | 9901 | €55,424 | €53,861 | -€1,563 | -2.8% |
| Financial charges | 65/66B | €1,369 | €1,222 | -€147 | -10.7% |
| Recurring financial charges | 65 | €1,369 | €1,222 | -€147 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €54,055 | €52,639 | -€1,416 | -2.6% |
| Income taxes | 67/77 | €10,752 | €10,068 | -€684 | -6.4% |
| Profit (loss) for the period | 9904 | €43,303 | €42,571 | -€732 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,303 | €42,571 | -€732 | -1.7% |
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 14 October 2026 via checked.be.