M.R.C.: 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.C.
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€21,016
no longer reported in 2025 (was €21,016)
of which Other amounts receivable: -€14,342
- Cash +€1,832
new in 2025: €1,832
mainly Other debts (+€29,072) and Receivables within one year (+€21,016)
- Tangible fixed assets -€1,244
down €1,244 (-7.3%), from €17,103 to €15,858
- Other debts +€29,072
new in 2025: €29,072
- Gross operating margin +€2,448
up €2,448, from -€138 to €2,310
- Turnover +€2,400
new in 2025: €2,400
- Financial income -€884
no longer reported in 2025 (was €884)
- Purchases and services -€48
down €48 (-34.6%), from €138 to €90
- Other operating charges +€27
up €27 (+2.8%), from €954 to €981
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 | €38,119 | €67,690 | +€29,572 | +77.6% |
| Fixed assets | 21/28 | €17,103 | €15,858 | -€1,244 | -7.3% |
| Tangible fixed assets | 22/27 | €17,103 | €15,858 | -€1,244 | -7.3% |
| Land and buildings | 22 | €17,103 | €15,858 | -€1,244 | -7.3% |
| Current assets | 29/58 | €21,016 | €51,832 | +€30,816 | +147% |
| Amounts receivable within one year | 40/41 | €21,016 | - | -€21,016 | |
| Trade receivables | 40 | €6,674 | - | -€6,674 | |
| Other amounts receivable | 41 | €14,342 | - | -€14,342 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | - | €1,832 | +€1,832 | |
| Total equity and liabilities | 10/49 | €38,119 | €67,690 | +€29,572 | +77.6% |
| Equity | 10/15 | €37,719 | €37,749 | +€30 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,319 | €23,349 | +€30 | +0.1% |
| Amounts payable | 17/49 | €399 | €29,941 | +€29,542 | +7,399% |
| Amounts payable within one year | 42/48 | €399 | €29,941 | +€29,542 | +7,399% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | - | €470 | +€470 | |
| Taxes | 450/3 | - | €470 | +€470 | |
| Other amounts payable | 47/48 | - | €29,072 | +€29,072 | |
| Turnover | 70 | - | €2,400 | +€2,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €138 | €90 | -€48 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €1,244 | = | 0.0% |
| Other operating charges | 640/8 | €954 | €981 | +€27 | +2.8% |
| Gross operating margin | 9900 | -€138 | €2,310 | +€2,448 | |
| Operating profit (loss) | 9901 | -€2,337 | €85 | +€2,421 | |
| Financial income | 75/76B | €884 | - | -€884 | |
| Recurring financial income | 75 | €884 | - | -€884 | |
| Financial charges | 65/66B | €58 | €55 | -€4 | -6.1% |
| Recurring financial charges | 65 | €58 | €55 | -€4 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,511 | €30 | +€1,541 | |
| Profit (loss) for the period | 9904 | -€1,511 | €30 | +€1,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,511 | €30 | +€1,541 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.