MFO.ONE: 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.
MFO.ONE
Largest movements
- Tangible fixed assets -€20,860
down €20,860 (-26.5%), from €78,698 to €57,839
of which Furniture and vehicles: -€21,337
- Receivables within one year -€11,815
down €11,815 (-12.9%), from €91,470 to €79,655
of which Trade receivables: -€19,745
- Intangible fixed assets -€8,365
no longer reported in 2025 (was €8,365)
- Cash +€4,978
up €4,978 (+403.4%), from €1,234 to €6,212
mainly Net result for the year (+€69,167) and Depreciation (+€23,640)
- Other debts -€34,146
down €34,146 (-32.5%), from €105,000 to €70,854
- Debts after one year -€11,095
down €11,095 (-22.4%), from €49,596 to €38,502
- Trade debts +€6,004
up €6,004 (+128.1%), from €4,687 to €10,691
- Advances received +€3,000
new in 2025: €3,000
- Gross operating margin -€83,845
down €83,845 (-38.1%), from €220,077 to €136,232
- Other operating charges -€29,066
down €29,066 (-94.0%), from €30,924 to €1,858
- Taxes -€12,074
down €12,074 (-31.2%), from €38,666 to €26,591
- Depreciation -€5,515
down €5,515 (-18.9%), from €29,155 to €23,640
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 | €181,167 | €145,216 | -€35,951 | -19.8% |
| Fixed assets | 21/28 | €87,063 | €57,839 | -€29,224 | -33.6% |
| Intangible fixed assets | 21 | €8,365 | - | -€8,365 | |
| Tangible fixed assets | 22/27 | €78,698 | €57,839 | -€20,860 | -26.5% |
| Plant, machinery and equipment | 23 | €1,731 | €2,209 | +€478 | +27.6% |
| Furniture and vehicles | 24 | €76,967 | €55,629 | -€21,337 | -27.7% |
| Current assets | 29/58 | €94,104 | €87,377 | -€6,726 | -7.1% |
| Amounts receivable within one year | 40/41 | €91,470 | €79,655 | -€11,815 | -12.9% |
| Trade receivables | 40 | €23,460 | €3,715 | -€19,745 | -84.2% |
| Other amounts receivable | 41 | €68,010 | €75,940 | +€7,930 | +11.7% |
| Cash at bank and in hand | 54/58 | €1,234 | €6,212 | +€4,978 | +403.4% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,511 | +€111 | +7.9% |
| Total equity and liabilities | 10/49 | €181,167 | €145,216 | -€35,951 | -19.8% |
| Equity | 10/15 | €10,592 | €10,759 | +€167 | +1.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,492 | €10,659 | +€167 | +1.6% |
| Amounts payable | 17/49 | €170,574 | €134,457 | -€36,117 | -21.2% |
| Amounts payable after more than one year | 17 | €49,596 | €38,502 | -€11,095 | -22.4% |
| Financial debts | 170/4 | €49,596 | €38,502 | -€11,095 | -22.4% |
| Amounts payable within one year | 42/48 | €120,978 | €95,956 | -€25,022 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €10,292 | €11,095 | +€803 | +7.8% |
| Trade debts | 44 | €4,687 | €10,691 | +€6,004 | +128.1% |
| Suppliers | 440/4 | €4,687 | €10,691 | +€6,004 | +128.1% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €999 | €316 | -€683 | -68.4% |
| Taxes | 450/3 | €999 | €316 | -€683 | -68.4% |
| Other amounts payable | 47/48 | €105,000 | €70,854 | -€34,146 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,155 | €23,640 | -€5,515 | -18.9% |
| Other operating charges | 640/8 | €30,924 | €1,858 | -€29,066 | -94.0% |
| Non-recurring operating charges | 66A | €8,365 | €8,870 | +€505 | +6.0% |
| Gross operating margin | 9900 | €220,077 | €136,232 | -€83,845 | -38.1% |
| Operating profit (loss) | 9901 | €151,633 | €101,864 | -€49,769 | -32.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €6,239 | €6,106 | -€133 | -2.1% |
| Recurring financial charges | 65 | €6,239 | €6,106 | -€133 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €145,403 | €95,758 | -€49,645 | -34.1% |
| Income taxes | 67/77 | €38,666 | €26,591 | -€12,074 | -31.2% |
| Profit (loss) for the period | 9904 | €106,737 | €69,167 | -€37,570 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,737 | €69,167 | -€37,570 | -35.2% |
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 8 October 2026 via checked.be.