MNF INVEST: what changed
What changed
MNF INVEST
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€805,755
2024 · €707,148+€98,607
Equity
€12.8m
2024 · €12.0m+€805,755
Cash
€19,224
2024 · €178,916-€159,692
Balance sheet total
€18.1m
2024 · €18.8m-€720,582
Largest movements
Assets
- Tangible fixed assets -€557,109
down €557,109 (-3.0%), from €18.6m to €18.1m
Equity and liabilities
- Short-term financial debts -€1.5m
down €1.5m (-22.5%), from €6.8m to €5.2m
- Reserves +€805,755
up €805,755 (+17.8%), from €4.5m to €5.3m
of which Distributable reserves: +€742,605
Income statement
- Financial charges -€125,745
down €125,745 (-27.3%), from €460,359 to €334,615
- Taxes +€34,207
up €34,207 (+14.7%), from €232,628 to €266,835
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€707,148
Gross operating margin
+€17,555
Depreciation
-€1,063
Other operating charges
-€16,349
Financial income
+€6,927
Financial charges
+€125,745
Taxes
-€34,207
Result 2025
€805,755
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.9m
Investment
-€525,653
Financing
-€1.5m
Cash 2024
€178,916
From operations (derived)
+€1.9m
Net result for the year
+€805,755
Depreciation
+€1.1m
Receivables within one year
-€1,059
Trade debts
-€15,242
Tax, wage and social debts
+€9,516
Investment (derived)
-€525,653
Investment in fixed assets (net)
-€525,653
Financing
-€1.5m
Short-term financial debts
-€1.5m
Cash 2025
€19,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,825,704 | €18,105,122 | -€720,582 | -3.8% |
| Fixed assets | 21/28 | €18,646,785 | €18,084,836 | -€561,949 | -3.0% |
| Tangible fixed assets | 22/27 | €18,631,535 | €18,074,426 | -€557,109 | -3.0% |
| Land and buildings | 22 | €18,631,535 | €18,074,426 | -€557,109 | -3.0% |
| Financial fixed assets | 28 | €15,250 | €10,410 | -€4,840 | -31.7% |
| Current assets | 29/58 | €178,918 | €20,285 | -€158,633 | -88.7% |
| Amounts receivable within one year | 40/41 | €2 | €1,061 | +€1,059 | +44,112% |
| Other amounts receivable | 41 | €2 | €1,061 | +€1,059 | +44,112% |
| Cash at bank and in hand | 54/58 | €178,916 | €19,224 | -€159,692 | -89.3% |
| Total equity and liabilities | 10/49 | €18,825,704 | €18,105,122 | -€720,582 | -3.8% |
| Equity | 10/15 | €12,031,567 | €12,837,323 | +€805,755 | +6.7% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Capital | 10 | €7,500,000 | €7,500,000 | = | 0.0% |
| Issued capital | 100 | €7,500,000 | €7,500,000 | = | 0.0% |
| Reserves | 13 | €4,531,567 | €5,337,323 | +€805,755 | +17.8% |
| Non-distributable reserves | 130/1 | €750,000 | €750,000 | = | 0.0% |
| Legal reserve | 130 | €750,000 | €750,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €357,850 | +€63,150 | +21.4% |
| Distributable reserves | 133 | €3,486,867 | €4,229,473 | +€742,605 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,794,136 | €5,267,799 | -€1.5m | -22.5% |
| Amounts payable within one year | 42/48 | €6,794,136 | €5,267,799 | -€1.5m | -22.5% |
| Financial debts | 43 | €6,750,000 | €5,229,389 | -€1.5m | -22.5% |
| Other loans | 439 | €6,750,000 | €5,229,389 | -€1.5m | -22.5% |
| Trade debts | 44 | €36,817 | €21,576 | -€15,242 | -41.4% |
| Suppliers | 440/4 | €36,817 | €21,576 | -€15,242 | -41.4% |
| Taxes, remuneration and social security | 45 | €7,319 | €16,835 | +€9,516 | +130% |
| Taxes | 450/3 | €7,319 | €16,835 | +€9,516 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086,539 | €1,087,602 | +€1,063 | +0.1% |
| Other operating charges | 640/8 | €156,141 | €172,490 | +€16,349 | +10.5% |
| Gross operating margin | 9900 | €2,641,235 | €2,658,790 | +€17,555 | +0.7% |
| Operating profit (loss) | 9901 | €1,398,555 | €1,398,698 | +€143 | 0.0% |
| Financial income | 75/76B | €1,580 | €8,507 | +€6,927 | +438% |
| Recurring financial income | 75 | €1,580 | €8,507 | +€6,927 | +438% |
| Financial charges | 65/66B | €460,359 | €334,615 | -€125,745 | -27.3% |
| Recurring financial charges | 65 | €460,359 | €334,615 | -€125,745 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €939,776 | €1,072,590 | +€132,814 | +14.1% |
| Income taxes | 67/77 | €232,628 | €266,835 | +€34,207 | +14.7% |
| Profit (loss) for the period | 9904 | €707,148 | €805,755 | +€98,607 | +13.9% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €210,500 | €105,250 | -€105,250 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €496,648 | €742,605 | +€245,957 | +49.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.