MNF-Tech: 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.
What changed
MNF-Tech
NACE 42.211, Civil engineering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · €1.3m+€1.1m
Equity
€3.7m
2024 · €2.8m+€891,525
Cash
€978,913
2024 · €1.1m-€156,404
Balance sheet total
€12.0m
2024 · €9.5m+€2.5m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+993.4%), from €202,565 to €2.2m
of which Companies linked by participating interests: +€2.2m
- Current investments +€750,000
up €750,000 (+75.0%), from €1.0m to €1.8m
- Tangible fixed assets -€627,407
down €627,407 (-11.5%), from €5.4m to €4.8m
of which Land and buildings: -€336,379
- Receivables within one year +€453,201
up €453,201 (+27.1%), from €1.7m to €2.1m
of which Other amounts receivable: +€1.3m
- Cash -€156,404
down €156,404 (-13.8%), from €1.1m to €978,913
mainly Investment in fixed assets (net) (-€2.5m) and Contributions, distributions and other (-€1.5m)
Equity and liabilities
- Reserves +€891,525
up €891,525 (+32.4%), from €2.7m to €3.6m
- Tax, wage and social debts +€805,578
up €805,578 (+161.8%), from €497,749 to €1.3m
of which Remuneration and social security: +€436,834
- Trade debts +€801,870
up €801,870 (+124.5%), from €644,280 to €1.4m
- Debts after one year -€595,619
down €595,619 (-14.7%), from €4.0m to €3.5m
- Provisions +€222,862
up €222,862 (+110.1%), from €202,372 to €425,234
Income statement
- Turnover +€2.4m
up €2.4m (+12.2%), from €19.8m to €22.2m
- Staff costs +€2.0m
up €2.0m (+27.3%), from €7.4m to €9.4m
- Goods and materials -€795,446
down €795,446 (-11.2%), from €7.1m to €6.3m
- Taxes +€353,441
up €353,441 (+64.0%), from €552,624 to €906,065
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.
Result 2024
€1.3m
Turnover
+€2.4m
Other operating income
+€91,691
Goods and materials
+€795,446
Services and other goods
+€139,713
Staff costs
-€2.0m
Depreciation
-€156,534
Provisions
-€20,491
Other operating charges
+€9,839
Other operating items
+€249,969
Financial income
-€9,531
Financial charges
-€63,749
Taxes
-€353,441
Result 2025
€2.4m
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.
From operations
+€5.0m
Investment
-€3.2m
Financing
-€1.9m
Cash 2024
€1.1m
From operations (derived)
+€5.0m
Net result for the year
+€2.4m
Depreciation
+€1.1m
Receivables within one year
-€453,201
Deferred charges and accrued income
-€50,140
Provisions
+€222,862
Trade debts
+€801,870
Tax, wage and social debts
+€805,578
Advances received
+€182,405
Smaller working-capital items
-€1,099
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€2.5m
Current investments
-€750,000
Financing
-€1.9m
Debts after one year
-€595,619
Current portion of long-term debt
+€179,154
Short-term financial debts
-€4,875
Contributions, distributions and other
-€1.5m
Cash 2025
€978,913
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,507,988 | €11,989,789 | +€2.5m | +26.1% |
| Fixed assets | 21/28 | €5,643,691 | €7,028,555 | +€1.4m | +24.5% |
| Tangible fixed assets | 22/27 | €5,441,126 | €4,813,720 | -€627,407 | -11.5% |
| Land and buildings | 22 | €2,722,309 | €2,385,930 | -€336,379 | -12.4% |
| Plant, machinery and equipment | 23 | €586,003 | €603,215 | +€17,212 | +2.9% |
| Furniture and vehicles | 24 | €1,227,011 | €900,706 | -€326,305 | -26.6% |
| Leasing and similar rights | 25 | €905,803 | €923,869 | +€18,066 | +2.0% |
| Financial fixed assets | 28 | €202,565 | €2,214,835 | +€2.0m | +993.4% |
| Companies linked by participating interests | 282/3 | - | €2,200,000 | +€2.2m | |
| Amounts receivable | 283 | - | €2,200,000 | +€2.2m | |
| Other financial fixed assets | 284/8 | €202,565 | €14,835 | -€187,730 | -92.7% |
| Amounts receivable and cash guarantees | 285/8 | €202,565 | €14,835 | -€187,730 | -92.7% |
| Current assets | 29/58 | €3,864,297 | €4,961,235 | +€1.1m | +28.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,675,316 | €2,128,517 | +€453,201 | +27.1% |
| Trade receivables | 40 | €1,449,964 | €617,304 | -€832,660 | -57.4% |
| Other amounts receivable | 41 | €225,352 | €1,511,213 | +€1.3m | +570.6% |
| Current investments | 50/53 | €1,000,000 | €1,750,000 | +€750,000 | +75.0% |
| Other investments | 51/53 | €1,000,000 | €1,750,000 | +€750,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €1,135,317 | €978,913 | -€156,404 | -13.8% |
| Deferred charges and accrued income | 490/1 | €53,664 | €103,805 | +€50,140 | +93.4% |
| Total equity and liabilities | 10/49 | €9,507,988 | €11,989,789 | +€2.5m | +26.1% |
| Equity | 10/15 | €2,767,515 | €3,659,040 | +€891,525 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,748,915 | €3,640,440 | +€891,525 | +32.4% |
| Distributable reserves | 133 | €2,748,915 | €3,640,440 | +€891,525 | +32.4% |
| Provisions and deferred taxes | 16 | €202,372 | €425,234 | +€222,862 | +110.1% |
| Provisions for liabilities and charges | 160/5 | €202,372 | €425,234 | +€222,862 | +110.1% |
| Other liabilities and charges | 164/5 | €202,372 | €425,234 | +€222,862 | +110.1% |
| Amounts payable | 17/49 | €6,538,102 | €7,905,516 | +€1.4m | +20.9% |
| Amounts payable after more than one year | 17 | €4,048,316 | €3,452,697 | -€595,619 | -14.7% |
| Financial debts | 170/4 | €4,048,316 | €3,452,697 | -€595,619 | -14.7% |
| Leasing and similar obligations | 172 | €777,661 | €651,584 | -€126,077 | -16.2% |
| Credit institutions | 173 | - | €2,801,112 | +€2.8m | |
| Other loans | 174 | €3,270,655 | €0 | -€3.3m | -100.0% |
| Amounts payable within one year | 42/48 | €2,481,410 | €4,445,217 | +€2.0m | +79.1% |
| Current portion of amounts payable after more than one year | 42 | €746,488 | €925,642 | +€179,154 | +24.0% |
| Financial debts | 43 | €272,444 | €267,568 | -€4,875 | -1.8% |
| Credit institutions | 430/8 | €272,444 | €267,568 | -€4,875 | -1.8% |
| Trade debts | 44 | €644,280 | €1,446,150 | +€801,870 | +124.5% |
| Suppliers | 440/4 | €644,280 | €1,446,150 | +€801,870 | +124.5% |
| Advances received on contracts in progress | 46 | €319,454 | €501,858 | +€182,405 | +57.1% |
| Taxes, remuneration and social security | 45 | €497,749 | €1,303,327 | +€805,578 | +161.8% |
| Taxes | 450/3 | €202,347 | €571,091 | +€368,743 | +182.2% |
| Remuneration and social security | 454/9 | €295,402 | €732,236 | +€436,834 | +147.9% |
| Other amounts payable | 47/48 | €996 | €671 | -€325 | -32.6% |
| Accrued charges and deferred income | 492/3 | €8,376 | €7,602 | -€774 | -9.2% |
| Operating income | 70/76A | €20,175,785 | €22,908,286 | +€2.7m | +13.5% |
| Turnover | 70 | €19,760,746 | €22,165,935 | +€2.4m | +12.2% |
| Other operating income | 74 | €414,773 | €506,463 | +€91,691 | +22.1% |
| Non-recurring operating income | 76A | €267 | €235,887 | +€235,621 | +88356.6% |
| Operating charges | 60/66A | €18,179,783 | €19,411,107 | +€1.2m | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €7,095,684 | €6,300,238 | -€795,446 | -11.2% |
| Purchases | 600/8 | €7,095,684 | €6,300,238 | -€795,446 | -11.2% |
| Services and other goods | 61 | €2,499,375 | €2,359,663 | -€139,713 | -5.6% |
| Remuneration, social security and pensions | 62 | €7,385,673 | €9,399,320 | +€2.0m | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929,900 | €1,086,434 | +€156,534 | +16.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €202,372 | €222,862 | +€20,491 | +10.1% |
| Other operating charges | 640/8 | €49,463 | €39,623 | -€9,839 | -19.9% |
| Non-recurring operating charges | 66A | €17,316 | €2,967 | -€14,349 | -82.9% |
| Operating profit (loss) | 9901 | €1,996,002 | €3,497,179 | +€1.5m | +75.2% |
| Financial income | 75/76B | €13,554 | €4,022 | -€9,531 | -70.3% |
| Recurring financial income | 75 | €13,554 | €4,022 | -€9,531 | -70.3% |
| Income from financial fixed assets | 750 | €3,540 | €0 | -€3,540 | -100.0% |
| Income from current assets | 751 | €7,293 | €2,587 | -€4,706 | -64.5% |
| Other financial income | 752/9 | €2,720 | €1,435 | -€1,285 | -47.2% |
| Financial charges | 65/66B | €139,862 | €203,611 | +€63,749 | +45.6% |
| Recurring financial charges | 65 | €139,862 | €203,611 | +€63,749 | +45.6% |
| Debt charges | 650 | €124,389 | €191,088 | +€66,700 | +53.6% |
| Other financial charges | 652/9 | €15,474 | €12,523 | -€2,950 | -19.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,869,693 | €3,297,590 | +€1.4m | +76.4% |
| Income taxes | 67/77 | €552,624 | €906,065 | +€353,441 | +64.0% |
| Taxes | 670/3 | €552,624 | €906,065 | +€353,441 | +64.0% |
| Profit (loss) for the period | 9904 | €1,317,070 | €2,391,525 | +€1.1m | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,317,070 | €2,391,525 | +€1.1m | +81.6% |
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 1 October 2026 via checked.be.