MFNZ SOLUTION: 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.
MFNZ SOLUTION
Largest movements
- Tangible fixed assets +€16,019
up €16,019 (+622.0%), from €2,575 to €18,595
of which Furniture and vehicles: +€16,906
- Receivables within one year +€8,606
up €8,606 (+112.9%), from €7,623 to €16,229
of which Trade receivables: +€6,712
- Deferred charges and accrued income +€922
new in 2025: €922
- Profit (loss) carried forward +€16,005
up €16,005 (+113.2%), from €14,133 to €30,139
- Trade debts +€5,124
up €5,124 (+2240.6%), from €229 to €5,353
- Tax, wage and social debts +€4,019
up €4,019 (+56.0%), from €7,181 to €11,200
- Gross operating margin +€9,406
up €9,406 (+53.0%), from €17,747 to €27,153
- Depreciation +€3,892
up €3,892 (+4589.8%), from €85 to €3,976
- Taxes +€2,020
up €2,020 (+57.2%), from €3,529 to €5,550
- Other operating charges +€920
new in 2025: €920
- Financial charges +€733
new in 2025: €733
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 | €22,543 | €47,691 | +€25,148 | +111.6% |
| Fixed assets | 21/28 | €2,575 | €18,595 | +€16,019 | +622.0% |
| Tangible fixed assets | 22/27 | €2,575 | €18,595 | +€16,019 | +622.0% |
| Plant, machinery and equipment | 23 | €2,575 | €1,689 | -€887 | -34.4% |
| Furniture and vehicles | 24 | - | €16,906 | +€16,906 | |
| Current assets | 29/58 | €19,967 | €29,096 | +€9,129 | +45.7% |
| Amounts receivable within one year | 40/41 | €7,623 | €16,229 | +€8,606 | +112.9% |
| Trade receivables | 40 | €7,623 | €14,335 | +€6,712 | +88.1% |
| Other amounts receivable | 41 | - | €1,894 | +€1,894 | |
| Cash at bank and in hand | 54/58 | €12,344 | €11,945 | -€399 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €922 | +€922 | |
| Total equity and liabilities | 10/49 | €22,543 | €47,691 | +€25,148 | +111.6% |
| Equity | 10/15 | €15,133 | €31,139 | +€16,005 | +105.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,133 | €30,139 | +€16,005 | +113.2% |
| Amounts payable | 17/49 | €7,409 | €16,552 | +€9,143 | +123.4% |
| Amounts payable within one year | 42/48 | €7,409 | €16,552 | +€9,143 | +123.4% |
| Trade debts | 44 | €229 | €5,353 | +€5,124 | +2240.6% |
| Suppliers | 440/4 | €229 | €5,353 | +€5,124 | +2240.6% |
| Taxes, remuneration and social security | 45 | €7,181 | €11,200 | +€4,019 | +56.0% |
| Taxes | 450/3 | €7,181 | €11,200 | +€4,019 | +56.0% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €3,976 | +€3,892 | +4589.8% |
| Other operating charges | 640/8 | - | €920 | +€920 | |
| Gross operating margin | 9900 | €17,747 | €27,153 | +€9,406 | +53.0% |
| Operating profit (loss) | 9901 | €17,663 | €22,258 | +€4,595 | +26.0% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | - | €733 | +€733 | |
| Recurring financial charges | 65 | - | €733 | +€733 | |
| Profit (loss) for the period before taxes | 9903 | €17,663 | €21,555 | +€3,892 | +22.0% |
| Income taxes | 67/77 | €3,529 | €5,550 | +€2,020 | +57.2% |
| Profit (loss) for the period | 9904 | €14,133 | €16,005 | +€1,872 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,133 | €16,005 | +€1,872 | +13.2% |
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 6 October 2026 via checked.be.