MFV FACTORY: what changed
Two financial 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.
MFV FACTORY
Largest movements
- Tangible fixed assets -€5,500
down €5,500 (-1.0%), from €529,620 to €524,120
- Debts after one year -€7,240
down €7,240 (-1.4%), from €519,330 to €512,090
- Trade debts -€6,597
down €6,597 (-70.7%), from €9,326 to €2,729
- Gross operating margin +€25,131
up €25,131 (+204%), from €12,330 to €37,460
- Depreciation +€15,605
up €15,605 (+203%), from €7,675 to €23,280
- Financial charges +€2,632
up €2,632 (+26.7%), from €9,861 to €12,493
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,831 | €527,639 | -€11,193 | -2.1% |
| Formation expenses | 20 | €484 | - | -€484 | |
| Fixed assets | 21/28 | €529,620 | €524,120 | -€5,500 | -1.0% |
| Tangible fixed assets | 22/27 | €529,620 | €524,120 | -€5,500 | -1.0% |
| Land and buildings | 22 | €529,620 | €524,120 | -€5,500 | -1.0% |
| Current assets | 29/58 | €8,728 | €3,519 | -€5,209 | -59.7% |
| Cash at bank and in hand | 54/58 | €8,728 | €3,519 | -€5,209 | -59.7% |
| Total equity and liabilities | 10/49 | €538,831 | €527,639 | -€11,193 | -2.1% |
| Equity | 10/15 | -€7,138 | -€6,317 | +€820 | +11.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,138 | -€12,317 | +€820 | +6.2% |
| Amounts payable | 17/49 | €545,969 | €533,956 | -€12,013 | -2.2% |
| Amounts payable after more than one year | 17 | €519,330 | €512,090 | -€7,240 | -1.4% |
| Financial debts | 170/4 | €519,330 | €512,090 | -€7,240 | -1.4% |
| Amounts payable within one year | 42/48 | €26,639 | €21,866 | -€4,773 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €17,079 | €18,903 | +€1,824 | +10.7% |
| Trade debts | 44 | €9,326 | €2,729 | -€6,597 | -70.7% |
| Suppliers | 440/4 | €9,326 | €2,729 | -€6,597 | -70.7% |
| Other amounts payable | 47/48 | €235 | €235 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,675 | €23,280 | +€15,605 | +203% |
| Other operating charges | 640/8 | €929 | €867 | -€62 | -6.7% |
| Gross operating margin | 9900 | €12,330 | €37,460 | +€25,131 | +204% |
| Operating profit (loss) | 9901 | €3,726 | €13,313 | +€9,587 | +257% |
| Financial charges | 65/66B | €9,861 | €12,493 | +€2,632 | +26.7% |
| Recurring financial charges | 65 | €9,861 | €12,493 | +€2,632 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,135 | €820 | +€6,956 | |
| Profit (loss) for the period | 9904 | -€6,135 | €820 | +€6,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,135 | €820 | +€6,956 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.