M'RINI LAW: what changed
M'RINI LAW
Largest movements
- Cash +€42,180
up €42,180 (+213%), from €19,792 to €61,972
mainly Net result for the year (+€36,967) and Depreciation (+€9,798)
- Deferred charges and accrued income +€13,506
up €13,506 (+537%), from €2,517 to €16,023
- Tangible fixed assets -€8,642
down €8,642 (-48.1%), from €17,955 to €9,313
- Profit (loss) carried forward +€36,134
up €36,134 (+129%), from €27,965 to €64,099
- Other debts +€7,105
up €7,105 (+149%), from €4,755 to €11,860
- Tax, wage and social debts +€3,684
up €3,684 (+53.0%), from €6,947 to €10,632
- Gross operating margin +€19,830
up €19,830 (+51.7%), from €38,366 to €58,196
- Depreciation +€8,252
up €8,252 (+534%), from €1,545 to €9,798
- Taxes +€3,431
up €3,431 (+42.9%), from €7,995 to €11,426
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 | €40,264 | €87,389 | +€47,125 | +117% |
| Fixed assets | 21/28 | €17,955 | €9,313 | -€8,642 | -48.1% |
| Tangible fixed assets | 22/27 | €17,955 | €9,313 | -€8,642 | -48.1% |
| Furniture and vehicles | 24 | €17,955 | €9,313 | -€8,642 | -48.1% |
| Current assets | 29/58 | €22,309 | €78,076 | +€55,767 | +250% |
| Amounts receivable within one year | 40/41 | - | €81 | +€81 | |
| Trade receivables | 40 | - | €81 | +€81 | |
| Cash at bank and in hand | 54/58 | €19,792 | €61,972 | +€42,180 | +213% |
| Deferred charges and accrued income | 490/1 | €2,517 | €16,023 | +€13,506 | +537% |
| Total equity and liabilities | 10/49 | €40,264 | €87,389 | +€47,125 | +117% |
| Equity | 10/15 | €28,465 | €64,599 | +€36,134 | +127% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,965 | €64,099 | +€36,134 | +129% |
| Amounts payable | 17/49 | €11,799 | €22,790 | +€10,991 | +93.2% |
| Amounts payable within one year | 42/48 | €11,799 | €22,790 | +€10,991 | +93.2% |
| Trade debts | 44 | €96 | €298 | +€202 | +210% |
| Suppliers | 440/4 | €96 | €298 | +€202 | +210% |
| Taxes, remuneration and social security | 45 | €6,947 | €10,632 | +€3,684 | +53.0% |
| Taxes | 450/3 | €6,947 | €10,632 | +€3,684 | +53.0% |
| Other amounts payable | 47/48 | €4,755 | €11,860 | +€7,105 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €9,798 | +€8,252 | +534% |
| Gross operating margin | 9900 | €38,366 | €58,196 | +€19,830 | +51.7% |
| Operating profit (loss) | 9901 | €36,821 | €48,399 | +€11,578 | +31.4% |
| Financial charges | 65/66B | €1 | €6 | +€4 | +318% |
| Recurring financial charges | 65 | €1 | €6 | +€4 | +318% |
| Profit (loss) for the period before taxes | 9903 | €36,820 | €48,393 | +€11,573 | +31.4% |
| Income taxes | 67/77 | €7,995 | €11,426 | +€3,431 | +42.9% |
| Profit (loss) for the period | 9904 | €28,824 | €36,967 | +€8,143 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,824 | €36,967 | +€8,143 | +28.2% |
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 7 November 2026 via checked.be.