M&R ALL SERVICES: what changed
Two financial 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.
M&R ALL SERVICES
Largest movements
- Receivables within one year +€32,362
up €32,362 (+301%), from €10,742 to €43,104
of which Trade receivables: +€25,733
- Cash -€10,575
down €10,575 (-50.7%), from €20,842 to €10,268
mainly Receivables within one year (-€32,362) and Investment in fixed assets (net) (-€12,810)
- Tangible fixed assets +€7,156
up €7,156 (+27.1%), from €26,388 to €33,545
of which Furniture and vehicles: +€7,894
- Trade debts +€19,048
up €19,048 (+88.5%), from €21,535 to €40,583
- Other debts +€14,887
new in 2025: €14,887
- Profit (loss) carried forward -€6,312
down €6,312 (-24.9%), from €25,397 to €19,085
- Tax, wage and social debts +€1,321
up €1,321 (+58.0%), from €2,279 to €3,600
of which Taxes: +€1,321
- Gross operating margin -€11,177
down €11,177 (-87.7%), from €12,746 to €1,569
- Depreciation -€2,240
down €2,240 (-28.4%), from €7,893 to €5,653
- Other operating charges +€705
up €705 (+51.7%), from €1,365 to €2,070
- Taxes -€279
no longer reported in 2025 (was €279)
- Financial charges -€175
down €175 (-52.7%), from €333 to €157
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.
Derived cash bridge
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 | €57,973 | €86,916 | +€28,944 | +49.9% |
| Fixed assets | 21/28 | €26,388 | €33,545 | +€7,156 | +27.1% |
| Tangible fixed assets | 22/27 | €26,388 | €33,545 | +€7,156 | +27.1% |
| Plant, machinery and equipment | 23 | €1,601 | €863 | -€738 | -46.1% |
| Furniture and vehicles | 24 | €24,788 | €32,682 | +€7,894 | +31.8% |
| Current assets | 29/58 | €31,584 | €53,371 | +€21,787 | +69.0% |
| Amounts receivable within one year | 40/41 | €10,742 | €43,104 | +€32,362 | +301% |
| Trade receivables | 40 | €7,641 | €33,374 | +€25,733 | +337% |
| Other amounts receivable | 41 | €3,101 | €9,730 | +€6,629 | +214% |
| Cash at bank and in hand | 54/58 | €20,842 | €10,268 | -€10,575 | -50.7% |
| Total equity and liabilities | 10/49 | €57,973 | €86,916 | +€28,944 | +49.9% |
| Equity | 10/15 | €33,457 | €27,145 | -€6,312 | -18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €25,397 | €19,085 | -€6,312 | -24.9% |
| Amounts payable | 17/49 | €24,515 | €59,771 | +€35,256 | +144% |
| Amounts payable within one year | 42/48 | €24,515 | €59,771 | +€35,256 | +144% |
| Trade debts | 44 | €21,535 | €40,583 | +€19,048 | +88.5% |
| Suppliers | 440/4 | €21,535 | €40,583 | +€19,048 | +88.5% |
| Advances received on contracts in progress | 46 | €702 | €702 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,279 | €3,600 | +€1,321 | +58.0% |
| Taxes | 450/3 | €279 | €1,600 | +€1,321 | +474% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €14,887 | +€14,887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €5,653 | -€2,240 | -28.4% |
| Other operating charges | 640/8 | €1,365 | €2,070 | +€705 | +51.7% |
| Gross operating margin | 9900 | €12,746 | €1,569 | -€11,177 | -87.7% |
| Operating profit (loss) | 9901 | €3,488 | -€6,155 | -€9,642 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €333 | €157 | -€175 | -52.7% |
| Recurring financial charges | 65 | €333 | €157 | -€175 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €3,155 | -€6,312 | -€9,467 | |
| Income taxes | 67/77 | €279 | - | -€279 | |
| Profit (loss) for the period | 9904 | €2,876 | -€6,312 | -€9,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,876 | -€6,312 | -€9,188 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.