MOFRAN: 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.
MOFRAN
Largest movements
- Receivables within one year +€54,555
up €54,555 (+26.2%), from €208,079 to €262,634
of which Trade receivables: +€50,216
- Deferred charges and accrued income -€16,565
down €16,565 (-9.1%), from €182,212 to €165,647
- Stocks and contracts -€12,063
down €12,063 (-5.1%), from €236,063 to €224,000
- Trade debts -€24,619
down €24,619 (-65.4%), from €37,648 to €13,029
- Other debts +€24,610
up €24,610 (+12.8%), from €191,694 to €216,304
- Current portion of long-term debt +€12,761
up €12,761 (+83.7%), from €15,238 to €27,999
- Short-term financial debts +€9,315
up €9,315 (+10.8%), from €86,179 to €95,495
- Gross operating margin +€67,755
up €67,755 (+89.2%), from €75,919 to €143,674
- Staff costs +€39,737
up €39,737 (+675.7%), from €5,881 to €45,617
- Depreciation -€2,406
down €2,406 (-7.7%), from €31,336 to €28,931
- Financial charges +€1,860
up €1,860 (+5.6%), from €33,237 to €35,096
- Taxes +€1,694
up €1,694 (+139.7%), from €1,213 to €2,906
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 | €866,233 | €889,101 | +€22,869 | +2.6% |
| Fixed assets | 21/28 | €239,634 | €235,942 | -€3,693 | -1.5% |
| Tangible fixed assets | 22/27 | €238,634 | €235,942 | -€2,693 | -1.1% |
| Land and buildings | 22 | €193,275 | €175,485 | -€17,790 | -9.2% |
| Plant, machinery and equipment | 23 | €22,636 | €20,394 | -€2,242 | -9.9% |
| Furniture and vehicles | 24 | €22,723 | €40,063 | +€17,339 | +76.3% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €626,599 | €653,160 | +€26,561 | +4.2% |
| Stocks and contracts in progress | 3 | €236,063 | €224,000 | -€12,063 | -5.1% |
| Stocks | 30/36 | €236,063 | €224,000 | -€12,063 | -5.1% |
| Amounts receivable within one year | 40/41 | €208,079 | €262,634 | +€54,555 | +26.2% |
| Trade receivables | 40 | €160,119 | €210,335 | +€50,216 | +31.4% |
| Other amounts receivable | 41 | €47,960 | €52,299 | +€4,339 | +9.0% |
| Cash at bank and in hand | 54/58 | €245 | €878 | +€633 | +258.4% |
| Deferred charges and accrued income | 490/1 | €182,212 | €165,647 | -€16,565 | -9.1% |
| Total equity and liabilities | 10/49 | €866,233 | €889,101 | +€22,869 | +2.6% |
| Equity | 10/15 | €54,803 | €61,647 | +€6,844 | +12.5% |
| Contributions | 10/11 | €12,396 | €12,396 | = | 0.0% |
| Reserves | 13 | €42,407 | €49,251 | +€6,844 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,407 | €49,251 | +€6,844 | +16.1% |
| Amounts payable | 17/49 | €811,430 | €827,454 | +€16,025 | +2.0% |
| Amounts payable after more than one year | 17 | €472,516 | €470,957 | -€1,558 | -0.3% |
| Financial debts | 170/4 | €472,516 | €470,957 | -€1,558 | -0.3% |
| Amounts payable within one year | 42/48 | €338,914 | €356,497 | +€17,583 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €15,238 | €27,999 | +€12,761 | +83.7% |
| Financial debts | 43 | €86,179 | €95,495 | +€9,315 | +10.8% |
| Credit institutions | 430/8 | €86,179 | €95,495 | +€9,315 | +10.8% |
| Trade debts | 44 | €37,648 | €13,029 | -€24,619 | -65.4% |
| Suppliers | 440/4 | €37,648 | €13,029 | -€24,619 | -65.4% |
| Taxes, remuneration and social security | 45 | €8,154 | €3,671 | -€4,484 | -55.0% |
| Taxes | 450/3 | €8,154 | €3,671 | -€4,484 | -55.0% |
| Other amounts payable | 47/48 | €191,694 | €216,304 | +€24,610 | +12.8% |
| Remuneration, social security and pensions | 62 | €5,881 | €45,617 | +€39,737 | +675.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,336 | €28,931 | -€2,406 | -7.7% |
| Other operating charges | 640/8 | €1,672 | €1,555 | -€116 | -6.9% |
| Non-recurring operating charges | 66A | - | €22,723 | +€22,723 | |
| Gross operating margin | 9900 | €75,919 | €143,674 | +€67,755 | +89.2% |
| Operating profit (loss) | 9901 | €37,030 | €44,847 | +€7,817 | +21.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.2% |
| Financial charges | 65/66B | €33,237 | €35,096 | +€1,860 | +5.6% |
| Recurring financial charges | 65 | €33,237 | €35,096 | +€1,860 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €3,795 | €9,750 | +€5,956 | +157.0% |
| Income taxes | 67/77 | €1,213 | €2,906 | +€1,694 | +139.7% |
| Profit (loss) for the period | 9904 | €2,582 | €6,844 | +€4,262 | +165.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | €6,844 | +€4,262 | +165.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.