mfpro: 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.
mfpro
Largest movements
- Tangible fixed assets +€36,707
up €36,707 (+78.4%), from €46,839 to €83,546
of which Plant, machinery and equipment: +€40,270
- Cash -€24,614
down €24,614 (-46.4%), from €53,003 to €28,389
mainly Investment in fixed assets (net) (-€58,300) and Trade debts (-€20,845)
- Receivables within one year -€4,016
down €4,016 (-22.5%), from €17,855 to €13,838
of which Trade receivables: -€8,945
- Debts after one year +€29,103
up €29,103 (+2059.4%), from €1,413 to €30,516
- Trade debts -€20,845
down €20,845 (-71.4%), from €29,186 to €8,341
- Other debts -€9,737
down €9,737 (-73.6%), from €13,223 to €3,486
- Profit (loss) carried forward +€8,963
up €8,963 (+8.8%), from €101,430 to €110,393
- Current portion of long-term debt +€4,100
up €4,100 (+91.9%), from €4,460 to €8,561
- Gross operating margin +€22,008
up €22,008 (+26.3%), from €83,612 to €105,620
- Financial income -€13,104
down €13,104 (-88.7%), from €14,769 to €1,665
- Depreciation +€6,565
up €6,565 (+43.6%), from €15,066 to €21,631
- Staff costs +€4,824
up €4,824 (+8.4%), from €57,391 to €62,215
- Taxes -€1,690
down €1,690 (-30.5%), from €5,536 to €3,846
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 | €181,532 | €189,844 | +€8,312 | +4.6% |
| Fixed assets | 21/28 | €49,926 | €86,595 | +€36,669 | +73.4% |
| Intangible fixed assets | 21 | €3,061 | €3,024 | -€38 | -1.2% |
| Tangible fixed assets | 22/27 | €46,839 | €83,546 | +€36,707 | +78.4% |
| Plant, machinery and equipment | 23 | €17,944 | €58,214 | +€40,270 | +224.4% |
| Furniture and vehicles | 24 | €21,487 | €13,539 | -€7,948 | -37.0% |
| Other tangible fixed assets | 26 | €7,409 | €11,793 | +€4,384 | +59.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €131,606 | €103,249 | -€28,357 | -21.5% |
| Amounts receivable within one year | 40/41 | €17,855 | €13,838 | -€4,016 | -22.5% |
| Trade receivables | 40 | €17,855 | €8,909 | -€8,945 | -50.1% |
| Other amounts receivable | 41 | - | €4,929 | +€4,929 | |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,003 | €28,389 | -€24,614 | -46.4% |
| Deferred charges and accrued income | 490/1 | €748 | €1,022 | +€274 | +36.6% |
| Total equity and liabilities | 10/49 | €181,532 | €189,844 | +€8,312 | +4.6% |
| Equity | 10/15 | €123,430 | €132,393 | +€8,963 | +7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,430 | €110,393 | +€8,963 | +8.8% |
| Amounts payable | 17/49 | €58,101 | €57,450 | -€651 | -1.1% |
| Amounts payable after more than one year | 17 | €1,413 | €30,516 | +€29,103 | +2059.4% |
| Financial debts | 170/4 | €1,413 | €30,516 | +€29,103 | +2059.4% |
| Amounts payable within one year | 42/48 | €56,688 | €26,934 | -€29,754 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €8,561 | +€4,100 | +91.9% |
| Trade debts | 44 | €29,186 | €8,341 | -€20,845 | -71.4% |
| Suppliers | 440/4 | €29,186 | €8,341 | -€20,845 | -71.4% |
| Advances received on contracts in progress | 46 | €2,418 | - | -€2,418 | |
| Taxes, remuneration and social security | 45 | €7,401 | €6,547 | -€854 | -11.5% |
| Taxes | 450/3 | €3,256 | €3,476 | +€220 | +6.7% |
| Remuneration and social security | 454/9 | €4,145 | €3,071 | -€1,074 | -25.9% |
| Other amounts payable | 47/48 | €13,223 | €3,486 | -€9,737 | -73.6% |
| Remuneration, social security and pensions | 62 | €57,391 | €62,215 | +€4,824 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,066 | €21,631 | +€6,565 | +43.6% |
| Other operating charges | 640/8 | €1,250 | €1,233 | -€17 | -1.4% |
| Non-recurring operating charges | 66A | - | €427 | +€427 | |
| Gross operating margin | 9900 | €83,612 | €105,620 | +€22,008 | +26.3% |
| Operating profit (loss) | 9901 | €9,905 | €20,114 | +€10,209 | +103.1% |
| Financial income | 75/76B | €14,769 | €1,665 | -€13,104 | -88.7% |
| Recurring financial income | 75 | €14,769 | €1,665 | -€13,104 | -88.7% |
| Financial charges | 65/66B | €948 | €1,827 | +€879 | +92.7% |
| Recurring financial charges | 65 | €948 | €1,827 | +€879 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €23,726 | €19,952 | -€3,774 | -15.9% |
| Income taxes | 67/77 | €5,536 | €3,846 | -€1,690 | -30.5% |
| Profit (loss) for the period | 9904 | €18,190 | €16,106 | -€2,084 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,190 | €16,106 | -€2,084 | -11.5% |
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 29 September 2026 via checked.be.