MFMB: 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.
MFMB
Largest movements
- Deferred charges and accrued income -€834,569
down €834,569 (-100.0%), from €834,790 to €222
- Cash -€47,738
down €47,738 (-46.2%), from €103,370 to €55,632
mainly Accrued charges and deferred income (-€615,457) and Advances received (-€183,205)
- Receivables within one year -€12,862
down €12,862 (-3.9%), from €332,990 to €320,127
of which Other amounts receivable: -€39,832
- Accrued charges and deferred income -€615,457
down €615,457 (-100%), from €615,457 to €0
- Advances received -€183,205
down €183,205 (-53.4%), from €343,400 to €160,195
- Short-term financial debts -€93,324
down €93,324 (-99.9%), from €93,448 to €124
- Trade debts -€53,472
down €53,472 (-28.3%), from €188,732 to €135,260
- Other debts +€43,057
up €43,057 (+7,610%), from €566 to €43,623
- Gross operating margin +€10,734
up €10,734, from -€8,469 to €2,265
- Other operating charges +€4,210
up €4,210 (+8,421%), from €50 to €4,260
- Financial income +€1,705
up €1,705 (+15.9%), from €10,707 to €12,412
- Depreciation -€213
down €213 (-100%), from €213 to €0
- Financial charges +€116
up €116 (+7.0%), from €1,650 to €1,766
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 | €1,271,900 | €376,731 | -€895,169 | -70.4% |
| Fixed assets | 21/28 | €750 | €750 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,271,150 | €375,981 | -€895,169 | -70.4% |
| Amounts receivable within one year | 40/41 | €332,990 | €320,127 | -€12,862 | -3.9% |
| Trade receivables | 40 | €19,606 | €46,576 | +€26,970 | +138% |
| Other amounts receivable | 41 | €313,384 | €273,551 | -€39,832 | -12.7% |
| Cash at bank and in hand | 54/58 | €103,370 | €55,632 | -€47,738 | -46.2% |
| Deferred charges and accrued income | 490/1 | €834,790 | €222 | -€834,569 | -100.0% |
| Total equity and liabilities | 10/49 | €1,271,900 | €376,731 | -€895,169 | -70.4% |
| Equity | 10/15 | €28,553 | €37,204 | +€8,651 | +30.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,153 | €24,804 | +€8,651 | +53.6% |
| Distributable reserves | 133 | €16,153 | €24,804 | +€8,651 | +53.6% |
| Amounts payable | 17/49 | €1,243,346 | €339,527 | -€903,820 | -72.7% |
| Amounts payable within one year | 42/48 | €627,890 | €339,527 | -€288,363 | -45.9% |
| Financial debts | 43 | €93,448 | €124 | -€93,324 | -99.9% |
| Credit institutions | 430/8 | €93,448 | €124 | -€93,324 | -99.9% |
| Trade debts | 44 | €188,732 | €135,260 | -€53,472 | -28.3% |
| Suppliers | 440/4 | €188,732 | €135,260 | -€53,472 | -28.3% |
| Advances received on contracts in progress | 46 | €343,400 | €160,195 | -€183,205 | -53.4% |
| Taxes, remuneration and social security | 45 | €1,743 | €325 | -€1,418 | -81.3% |
| Taxes | 450/3 | €1,743 | €325 | -€1,418 | -81.3% |
| Other amounts payable | 47/48 | €566 | €43,623 | +€43,057 | +7,610% |
| Accrued charges and deferred income | 492/3 | €615,457 | €0 | -€615,457 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €0 | -€213 | -100% |
| Other operating charges | 640/8 | €50 | €4,260 | +€4,210 | +8,421% |
| Gross operating margin | 9900 | -€8,469 | €2,265 | +€10,734 | |
| Operating profit (loss) | 9901 | -€8,732 | -€1,995 | +€6,737 | +77.1% |
| Financial income | 75/76B | €10,707 | €12,412 | +€1,705 | +15.9% |
| Recurring financial income | 75 | €10,707 | €12,412 | +€1,705 | +15.9% |
| Financial charges | 65/66B | €1,650 | €1,766 | +€116 | +7.0% |
| Recurring financial charges | 65 | €1,650 | €1,766 | +€116 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €325 | €8,651 | +€8,326 | +2,561% |
| Profit (loss) for the period | 9904 | €325 | €8,651 | +€8,326 | +2,561% |
| Profit (loss) for the period to be appropriated | 9905 | €325 | €8,651 | +€8,326 | +2,561% |
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 23 October 2026 via checked.be.