M&R SERVICES: 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.
M&R SERVICES
Largest movements
- Stocks and contracts -€84,704
no longer reported in 2025 (was €84,704)
- Receivables within one year +€3,567
up €3,567 (+99.6%), from €3,582 to €7,150
of which Trade receivables: +€4,789
- Cash +€2,809
up €2,809 (+546.6%), from €514 to €3,323
mainly Stocks and contracts (+€84,704) and Other debts (+€4,950)
- Profit (loss) carried forward -€79,860
down €79,860 (-56.6%), from -€140,983 to -€220,843
- Other debts +€4,950
up €4,950 (+2.3%), from €219,143 to €224,093
- Trade debts -€3,134
down €3,134 (-39.9%), from €7,856 to €4,722
- Gross operating margin -€53,814
down €53,814 (-208.4%), from -€25,817 to -€79,630
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 | €88,801 | €10,473 | -€78,327 | -88.2% |
| Current assets | 29/58 | €88,801 | €10,473 | -€78,327 | -88.2% |
| Stocks and contracts in progress | 3 | €84,704 | - | -€84,704 | |
| Stocks | 30/36 | €84,704 | - | -€84,704 | |
| Amounts receivable within one year | 40/41 | €3,582 | €7,150 | +€3,567 | +99.6% |
| Trade receivables | 40 | €2,216 | €7,005 | +€4,789 | +216.2% |
| Other amounts receivable | 41 | €1,367 | €145 | -€1,222 | -89.4% |
| Cash at bank and in hand | 54/58 | €514 | €3,323 | +€2,809 | +546.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €88,801 | €10,473 | -€78,327 | -88.2% |
| Equity | 10/15 | -€138,483 | -€218,343 | -€79,860 | -57.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,983 | -€220,843 | -€79,860 | -56.6% |
| Amounts payable | 17/49 | €227,284 | €228,816 | +€1,532 | +0.7% |
| Amounts payable within one year | 42/48 | €226,999 | €228,816 | +€1,817 | +0.8% |
| Trade debts | 44 | €7,856 | €4,722 | -€3,134 | -39.9% |
| Suppliers | 440/4 | €7,856 | €4,722 | -€3,134 | -39.9% |
| Taxes, remuneration and social security | 45 | - | €1 | +€1 | |
| Taxes | 450/3 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €219,143 | €224,093 | +€4,950 | +2.3% |
| Accrued charges and deferred income | 492/3 | €285 | - | -€285 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€25,817 | -€79,630 | -€53,814 | -208.4% |
| Operating profit (loss) | 9901 | -€26,204 | -€79,630 | -€53,426 | -203.9% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €488 | €229 | -€259 | -53.0% |
| Recurring financial charges | 65 | €488 | €229 | -€259 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,673 | -€79,860 | -€53,186 | -199.4% |
| Profit (loss) for the period | 9904 | -€26,673 | -€79,860 | -€53,186 | -199.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,673 | -€79,860 | -€53,186 | -199.4% |
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 8 October 2026 via checked.be.