M & R TRADING: what changed
M & R TRADING
Largest movements
- Receivables within one year -€15,442
down €15,442 (-98.9%), from €15,607 to €165
of which Trade receivables: -€14,876
- Cash +€5,951
up €5,951 (+289%), from €2,062 to €8,013
mainly Receivables within one year (+€15,442) and Other debts (+€5,434)
- Stocks and contracts -€810
down €810 (-3.5%), from €23,410 to €22,600
- Trade debts -€17,467
down €17,467 (-58.4%), from €29,901 to €12,434
- Other debts +€5,434
up €5,434 (+14.5%), from €37,467 to €42,902
- Tax, wage and social debts +€4,059
up €4,059 (+352%), from €1,154 to €5,213
- Profit (loss) carried forward -€2,327
down €2,327 (-5.1%), from -€46,044 to -€48,371
- Gross operating margin -€2,438
down €2,438, from €1,596 to -€842
- Other operating charges -€575
down €575 (-51.3%), from €1,121 to €545
- Financial charges +€457
up €457 (+94.8%), from €482 to €940
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 | €41,079 | €30,778 | -€10,301 | -25.1% |
| Current assets | 29/58 | €41,079 | €30,778 | -€10,301 | -25.1% |
| Stocks and contracts in progress | 3 | €23,410 | €22,600 | -€810 | -3.5% |
| Stocks | 30/36 | €23,410 | €22,600 | -€810 | -3.5% |
| Amounts receivable within one year | 40/41 | €15,607 | €165 | -€15,442 | -98.9% |
| Trade receivables | 40 | €14,876 | €0 | -€14,876 | -100% |
| Other amounts receivable | 41 | €731 | €165 | -€566 | -77.4% |
| Cash at bank and in hand | 54/58 | €2,062 | €8,013 | +€5,951 | +289% |
| Total equity and liabilities | 10/49 | €41,079 | €30,778 | -€10,301 | -25.1% |
| Equity | 10/15 | -€27,444 | -€29,771 | -€2,327 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,044 | -€48,371 | -€2,327 | -5.1% |
| Amounts payable | 17/49 | €68,523 | €60,548 | -€7,974 | -11.6% |
| Amounts payable within one year | 42/48 | €68,523 | €60,548 | -€7,974 | -11.6% |
| Trade debts | 44 | €29,901 | €12,434 | -€17,467 | -58.4% |
| Suppliers | 440/4 | €29,901 | €12,434 | -€17,467 | -58.4% |
| Taxes, remuneration and social security | 45 | €1,154 | €5,213 | +€4,059 | +352% |
| Taxes | 450/3 | €1,154 | €5,213 | +€4,059 | +352% |
| Other amounts payable | 47/48 | €37,467 | €42,902 | +€5,434 | +14.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,121 | €545 | -€575 | -51.3% |
| Gross operating margin | 9900 | €1,596 | -€842 | -€2,438 | |
| Operating profit (loss) | 9901 | €475 | -€1,387 | -€1,862 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €482 | €940 | +€457 | +94.8% |
| Recurring financial charges | 65 | €482 | €940 | +€457 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | -€7 | -€2,327 | -€2,320 | -31,910% |
| Profit (loss) for the period | 9904 | -€7 | -€2,327 | -€2,320 | -31,910% |
| Profit (loss) for the period to be appropriated | 9905 | -€7 | -€2,327 | -€2,320 | -31,910% |
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 1 November 2026 via checked.be.