MRFLO: 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.
MRFLO
Largest movements
- Receivables within one year +€3,285
up €3,285 (+17.7%), from €18,566 to €21,851
of which Other amounts receivable: +€6,820
- Cash +€2,248
up €2,248 (+28031.0%), from €8 to €2,256
mainly Net result for the year (+€3,936) and Investment in fixed assets (net) (+€1,297)
- Financial fixed assets -€1,297
no longer reported in 2025 (was €1,297)
- Tangible fixed assets -€368
down €368 (-63.9%), from €576 to €208
- Deferred charges and accrued income +€355
up €355 (+28.3%), from €1,254 to €1,610
- Profit (loss) carried forward +€3,936
up €3,936 (+198.3%), from €1,985 to €5,921
- Trade debts +€1,074
up €1,074 (+23.0%), from €4,665 to €5,739
- Tax, wage and social debts -€778
no longer reported in 2025 (was €778)
- Write-downs -€2,496
down €2,496, from €1,248 to -€1,248
- Gross operating margin +€1,097
up €1,097 (+33.5%), from €3,278 to €4,375
- Other operating charges +€590
up €590 (+45.0%), from €1,309 to €1,899
- Financial income +€347
up €347 (+56.6%), from €612 to €959
- Financial charges -€108
down €108 (-22.2%), from €487 to €379
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 | €21,701 | €25,925 | +€4,224 | +19.5% |
| Fixed assets | 21/28 | €1,873 | €208 | -€1,665 | -88.9% |
| Tangible fixed assets | 22/27 | €576 | €208 | -€368 | -63.9% |
| Furniture and vehicles | 24 | €576 | €208 | -€368 | -63.9% |
| Financial fixed assets | 28 | €1,297 | - | -€1,297 | |
| Current assets | 29/58 | €19,828 | €25,717 | +€5,889 | +29.7% |
| Amounts receivable within one year | 40/41 | €18,566 | €21,851 | +€3,285 | +17.7% |
| Trade receivables | 40 | €6,196 | €2,662 | -€3,535 | -57.0% |
| Other amounts receivable | 41 | €12,370 | €19,190 | +€6,820 | +55.1% |
| Cash at bank and in hand | 54/58 | €8 | €2,256 | +€2,248 | +28031.0% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,610 | +€355 | +28.3% |
| Total equity and liabilities | 10/49 | €21,701 | €25,925 | +€4,224 | +19.5% |
| Equity | 10/15 | €16,245 | €20,181 | +€3,936 | +24.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,985 | €5,921 | +€3,936 | +198.3% |
| Amounts payable | 17/49 | €5,456 | €5,744 | +€288 | +5.3% |
| Amounts payable within one year | 42/48 | €5,443 | €5,739 | +€296 | +5.4% |
| Trade debts | 44 | €4,665 | €5,739 | +€1,074 | +23.0% |
| Suppliers | 440/4 | €4,665 | €5,739 | +€1,074 | +23.0% |
| Taxes, remuneration and social security | 45 | €778 | - | -€778 | |
| Taxes | 450/3 | €778 | - | -€778 | |
| Accrued charges and deferred income | 492/3 | €14 | €5 | -€8 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €368 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,248 | -€1,248 | -€2,496 | |
| Other operating charges | 640/8 | €1,309 | €1,899 | +€590 | +45.0% |
| Gross operating margin | 9900 | €3,278 | €4,375 | +€1,097 | +33.5% |
| Operating profit (loss) | 9901 | €353 | €3,356 | +€3,003 | +850.6% |
| Financial income | 75/76B | €612 | €959 | +€347 | +56.6% |
| Recurring financial income | 75 | €612 | €959 | +€347 | +56.6% |
| Financial charges | 65/66B | €487 | €379 | -€108 | -22.2% |
| Recurring financial charges | 65 | €487 | €379 | -€108 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €478 | €3,936 | +€3,458 | +723.0% |
| Profit (loss) for the period | 9904 | €478 | €3,936 | +€3,458 | +723.0% |
| Profit (loss) for the period to be appropriated | 9905 | €478 | €3,936 | +€3,458 | +723.0% |
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 6 October 2026 via checked.be.