MF ENGINEERING: what changed
MF ENGINEERING
Largest movements
- Tangible fixed assets -€84,606
down €84,606 (-10.3%), from €818,758 to €734,152
of which Land and buildings: -€83,969
- Cash -€35,538
down €35,538 (-98.7%), from €36,006 to €467
mainly Net result for the year (-€88,833) and Debts after one year (-€22,355)
- Profit (loss) carried forward -€88,833
down €88,833 (-56.0%), from -€158,664 to -€247,497
- Revaluation surpluses -€76,204
down €76,204 (-10.1%), from €754,228 to €678,024
- Reserves +€76,204
up €76,204 (+121%), from €63,236 to €139,439
- Debts after one year -€22,355
down €22,355 (-66.1%), from €33,832 to €11,477
- Other debts -€8,747
down €8,747 (-12.0%), from €72,669 to €63,923
- Gross operating margin -€174,577
down €174,577 (-98.0%), from €178,131 to €3,554
- Other operating charges -€27,566
down €27,566 (-86.9%), from €31,706 to €4,139
- Depreciation +€12,093
up €12,093 (+16.2%), from €74,452 to €86,545
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €859,317 | €738,032 | -€121,285 | -14.1% |
| Fixed assets | 21/28 | €818,758 | €734,152 | -€84,606 | -10.3% |
| Tangible fixed assets | 22/27 | €818,758 | €734,152 | -€84,606 | -10.3% |
| Land and buildings | 22 | €816,898 | €732,929 | -€83,969 | -10.3% |
| Furniture and vehicles | 24 | €1,859 | €1,223 | -€637 | -34.2% |
| Current assets | 29/58 | €40,559 | €3,880 | -€36,679 | -90.4% |
| Amounts receivable within one year | 40/41 | €767 | €767 | = | 0.0% |
| Other amounts receivable | 41 | €767 | €767 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,006 | €467 | -€35,538 | -98.7% |
| Deferred charges and accrued income | 490/1 | €3,787 | €2,646 | -€1,141 | -30.1% |
| Total equity and liabilities | 10/49 | €859,317 | €738,032 | -€121,285 | -14.1% |
| Equity | 10/15 | €728,800 | €639,966 | -€88,833 | -12.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €754,228 | €678,024 | -€76,204 | -10.1% |
| Reserves | 13 | €63,236 | €139,439 | +€76,204 | +121% |
| Distributable reserves | 133 | €63,236 | €139,439 | +€76,204 | +121% |
| Profit (loss) carried forward | 14 | -€158,664 | -€247,497 | -€88,833 | -56.0% |
| Amounts payable | 17/49 | €130,518 | €98,066 | -€32,452 | -24.9% |
| Amounts payable after more than one year | 17 | €33,832 | €11,477 | -€22,355 | -66.1% |
| Financial debts | 170/4 | €33,832 | €11,477 | -€22,355 | -66.1% |
| Amounts payable within one year | 42/48 | €96,686 | €86,589 | -€10,097 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €21,576 | €22,355 | +€779 | +3.6% |
| Trade debts | 44 | €1,312 | €311 | -€1,000 | -76.3% |
| Suppliers | 440/4 | €1,312 | €311 | -€1,000 | -76.3% |
| Taxes, remuneration and social security | 45 | €1,129 | - | -€1,129 | |
| Taxes | 450/3 | €1,129 | - | -€1,129 | |
| Other amounts payable | 47/48 | €72,669 | €63,923 | -€8,747 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,452 | €86,545 | +€12,093 | +16.2% |
| Other operating charges | 640/8 | €31,706 | €4,139 | -€27,566 | -86.9% |
| Gross operating margin | 9900 | €178,131 | €3,554 | -€174,577 | -98.0% |
| Operating profit (loss) | 9901 | €71,973 | -€87,130 | -€159,104 | |
| Financial income | 75/76B | €22 | €169 | +€147 | +684% |
| Recurring financial income | 75 | €22 | €169 | +€147 | +684% |
| Financial charges | 65/66B | €2,863 | €1,871 | -€991 | -34.6% |
| Recurring financial charges | 65 | €2,863 | €1,871 | -€991 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €69,132 | -€88,833 | -€157,965 | |
| Profit (loss) for the period | 9904 | €69,132 | -€88,833 | -€157,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,132 | -€88,833 | -€157,965 |
Next steps
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 3 November 2026 via checked.be.