MFS Services: 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.
MFS Services
Largest movements
- Tangible fixed assets +€16,307
up €16,307 (+94.5%), from €17,256 to €33,563
of which Furniture and vehicles: +€17,028
- Receivables within one year -€2,799
down €2,799 (-19.7%), from €14,190 to €11,391
of which Other amounts receivable: -€14,190
- Cash +€2,620
up €2,620 (+14.9%), from €17,549 to €20,170
mainly Debts after one year (+€23,500) and Net result for the year (+€10,904)
- Debts after one year +€23,500
new in 2025: €23,500
- Other debts -€13,106
down €13,106 (-77.1%), from €17,000 to €3,894
- Profit (loss) carried forward +€10,904
up €10,904 (+92.1%), from €11,841 to €22,745
- Tax, wage and social debts -€4,746
down €4,746 (-24.7%), from €19,232 to €14,486
of which Taxes: -€7,825
- Financial charges -€13,324
down €13,324 (-94.5%), from €14,097 to €773
- Taxes +€4,558
up €4,558 (+5282.6%), from €86 to €4,644
- Depreciation +€878
up €878 (+20.4%), from €4,311 to €5,189
- Other operating charges -€681
down €681 (-60.3%), from €1,130 to €449
- Gross operating margin +€450
up €450 (+2.1%), from €21,509 to €21,959
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 | €48,996 | €65,124 | +€16,129 | +32.9% |
| Fixed assets | 21/28 | €17,256 | €33,563 | +€16,307 | +94.5% |
| Tangible fixed assets | 22/27 | €17,256 | €33,563 | +€16,307 | +94.5% |
| Plant, machinery and equipment | 23 | €1,153 | €433 | -€721 | -62.5% |
| Furniture and vehicles | 24 | €16,103 | €33,131 | +€17,028 | +105.7% |
| Current assets | 29/58 | €31,739 | €31,561 | -€178 | -0.6% |
| Amounts receivable within one year | 40/41 | €14,190 | €11,391 | -€2,799 | -19.7% |
| Trade receivables | 40 | - | €11,391 | +€11,391 | |
| Other amounts receivable | 41 | €14,190 | - | -€14,190 | |
| Cash at bank and in hand | 54/58 | €17,549 | €20,170 | +€2,620 | +14.9% |
| Total equity and liabilities | 10/49 | €48,996 | €65,124 | +€16,129 | +32.9% |
| Equity | 10/15 | €12,341 | €23,245 | +€10,904 | +88.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,841 | €22,745 | +€10,904 | +92.1% |
| Amounts payable | 17/49 | €36,654 | €41,879 | +€5,225 | +14.3% |
| Amounts payable after more than one year | 17 | - | €23,500 | +€23,500 | |
| Financial debts | 170/4 | - | €23,500 | +€23,500 | |
| Amounts payable within one year | 42/48 | €36,654 | €18,379 | -€18,275 | -49.9% |
| Trade debts | 44 | €423 | - | -€423 | |
| Suppliers | 440/4 | €423 | - | -€423 | |
| Taxes, remuneration and social security | 45 | €19,232 | €14,486 | -€4,746 | -24.7% |
| Taxes | 450/3 | €19,232 | €11,407 | -€7,825 | -40.7% |
| Remuneration and social security | 454/9 | - | €3,079 | +€3,079 | |
| Other amounts payable | 47/48 | €17,000 | €3,894 | -€13,106 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,311 | €5,189 | +€878 | +20.4% |
| Other operating charges | 640/8 | €1,130 | €449 | -€681 | -60.3% |
| Gross operating margin | 9900 | €21,509 | €21,959 | +€450 | +2.1% |
| Operating profit (loss) | 9901 | €16,068 | €16,321 | +€253 | +1.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €14,097 | €773 | -€13,324 | -94.5% |
| Recurring financial charges | 65 | €14,097 | €773 | -€13,324 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €1,971 | €15,548 | +€13,577 | +688.9% |
| Income taxes | 67/77 | €86 | €4,644 | +€4,558 | +5282.6% |
| Profit (loss) for the period | 9904 | €1,885 | €10,904 | +€9,019 | +478.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,885 | €10,904 | +€9,019 | +478.6% |
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 4 October 2026 via checked.be.