MFR Consult: 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.
MFR Consult
Largest movements
- Receivables within one year -€67,465
down €67,465 (-46.6%), from €144,651 to €77,186
of which Trade receivables: -€63,366
- Cash +€8,484
up €8,484 (+62.3%), from €13,614 to €22,098
mainly Receivables within one year (+€67,465) and Other debts (+€50,429)
- Tangible fixed assets +€4,319
up €4,319 (+249.3%), from €1,733 to €6,052
of which Other tangible fixed assets: +€4,615
- Profit (loss) carried forward -€110,420
down €110,420 (-100.0%), from €110,420 to €0
- Other debts +€50,429
new in 2025: €50,429
- Tax, wage and social debts +€13,731
up €13,731 (+69.5%), from €19,745 to €33,476
of which Taxes: +€11,731
- Debts after one year -€7,957
down €7,957 (-31.0%), from €25,667 to €17,710
- Gross operating margin +€15,777
up €15,777 (+39.1%), from €40,375 to €56,151
- Taxes +€6,424
up €6,424 (+71.4%), from €9,000 to €15,424
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 | €166,407 | €112,464 | -€53,943 | -32.4% |
| Fixed assets | 21/28 | €5,258 | €10,077 | +€4,819 | +91.7% |
| Tangible fixed assets | 22/27 | €1,733 | €6,052 | +€4,319 | +249.3% |
| Furniture and vehicles | 24 | €752 | €457 | -€295 | -39.3% |
| Other tangible fixed assets | 26 | €981 | €5,596 | +€4,615 | +470.6% |
| Financial fixed assets | 28 | €3,525 | €4,025 | +€500 | +14.2% |
| Current assets | 29/58 | €161,149 | €102,387 | -€58,762 | -36.5% |
| Amounts receivable within one year | 40/41 | €144,651 | €77,186 | -€67,465 | -46.6% |
| Trade receivables | 40 | €72,294 | €8,928 | -€63,366 | -87.7% |
| Other amounts receivable | 41 | €72,357 | €68,258 | -€4,099 | -5.7% |
| Cash at bank and in hand | 54/58 | €13,614 | €22,098 | +€8,484 | +62.3% |
| Deferred charges and accrued income | 490/1 | €2,884 | €3,103 | +€219 | +7.6% |
| Total equity and liabilities | 10/49 | €166,407 | €112,464 | -€53,943 | -32.4% |
| Equity | 10/15 | €111,420 | €1,000 | -€110,420 | -99.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,420 | €0 | -€110,420 | -100.0% |
| Amounts payable | 17/49 | €54,987 | €111,464 | +€56,477 | +102.7% |
| Amounts payable after more than one year | 17 | €25,667 | €17,710 | -€7,957 | -31.0% |
| Financial debts | 170/4 | €25,667 | €17,710 | -€7,957 | -31.0% |
| Amounts payable within one year | 42/48 | €29,312 | €93,710 | +€64,398 | +219.7% |
| Current portion of amounts payable after more than one year | 42 | €7,624 | €7,957 | +€333 | +4.4% |
| Trade debts | 44 | €1,942 | €1,848 | -€94 | -4.8% |
| Suppliers | 440/4 | €1,942 | €1,848 | -€94 | -4.8% |
| Taxes, remuneration and social security | 45 | €19,745 | €33,476 | +€13,731 | +69.5% |
| Taxes | 450/3 | €19,745 | €31,476 | +€11,731 | +59.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €50,429 | +€50,429 | |
| Accrued charges and deferred income | 492/3 | €8 | €44 | +€36 | +456.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €585 | -€24 | -3.9% |
| Other operating charges | 640/8 | €450 | €527 | +€76 | +16.9% |
| Gross operating margin | 9900 | €40,375 | €56,151 | +€15,777 | +39.1% |
| Operating profit (loss) | 9901 | €39,316 | €55,040 | +€15,724 | +40.0% |
| Financial income | 75/76B | €4,368 | €3,815 | -€553 | -12.7% |
| Recurring financial income | 75 | €4,368 | €3,815 | -€553 | -12.7% |
| Financial charges | 65/66B | €2,094 | €2,422 | +€329 | +15.7% |
| Recurring financial charges | 65 | €2,094 | €2,422 | +€329 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €41,589 | €56,432 | +€14,843 | +35.7% |
| Income taxes | 67/77 | €9,000 | €15,424 | +€6,424 | +71.4% |
| Profit (loss) for the period | 9904 | €32,589 | €41,009 | +€8,419 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,589 | €41,009 | +€8,419 | +25.8% |
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.