MLR: 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.
MLR
Largest movements
- Tangible fixed assets +€74,980
up €74,980 (+393%), from €19,098 to €94,078
of which Furniture and vehicles: +€75,232
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Cash +€9,219
up €9,219 (+6.1%), from €151,906 to €161,125
mainly Net result for the year (+€105,204) and Depreciation (+€23,672)
- Reserves +€105,204
up €105,204 (+24.8%), from €423,857 to €529,061
- Tax, wage and social debts +€22,835
up €22,835 (+155%), from €14,702 to €37,537
of which Taxes: +€19,700
- Other debts +€6,366
up €6,366 (+176%), from €3,623 to €9,989
- Gross operating margin +€40,943
up €40,943 (+29.9%), from €136,760 to €177,703
- Depreciation +€17,586
up €17,586 (+289%), from €6,086 to €23,672
- Taxes +€9,204
up €9,204 (+25.2%), from €36,478 to €45,682
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 | €464,289 | €599,417 | +€135,128 | +29.1% |
| Fixed assets | 21/28 | €20,598 | €95,578 | +€74,980 | +364% |
| Tangible fixed assets | 22/27 | €19,098 | €94,078 | +€74,980 | +393% |
| Plant, machinery and equipment | 23 | €19,098 | €18,846 | -€252 | -1.3% |
| Furniture and vehicles | 24 | - | €75,232 | +€75,232 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €443,691 | €503,840 | +€60,148 | +13.6% |
| Amounts receivable within one year | 40/41 | €41,465 | €41,478 | +€13 | 0.0% |
| Trade receivables | 40 | €25,211 | €25,194 | -€17 | -0.1% |
| Other amounts receivable | 41 | €16,255 | €16,284 | +€30 | +0.2% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €151,906 | €161,125 | +€9,219 | +6.1% |
| Deferred charges and accrued income | 490/1 | €320 | €1,236 | +€916 | +286% |
| Total equity and liabilities | 10/49 | €464,289 | €599,417 | +€135,128 | +29.1% |
| Equity | 10/15 | €442,857 | €548,061 | +€105,204 | +23.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €423,857 | €529,061 | +€105,204 | +24.8% |
| Distributable reserves | 133 | €423,857 | €529,061 | +€105,204 | +24.8% |
| Amounts payable | 17/49 | €21,432 | €51,356 | +€29,925 | +140% |
| Amounts payable within one year | 42/48 | €21,432 | €47,600 | +€26,168 | +122% |
| Trade debts | 44 | €3,107 | €74 | -€3,033 | -97.6% |
| Suppliers | 440/4 | €3,107 | €74 | -€3,033 | -97.6% |
| Taxes, remuneration and social security | 45 | €14,702 | €37,537 | +€22,835 | +155% |
| Taxes | 450/3 | €14,702 | €34,402 | +€19,700 | +134% |
| Remuneration and social security | 454/9 | - | €3,135 | +€3,135 | |
| Other amounts payable | 47/48 | €3,623 | €9,989 | +€6,366 | +176% |
| Accrued charges and deferred income | 492/3 | - | €3,757 | +€3,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | €23,672 | +€17,586 | +289% |
| Other operating charges | 640/8 | €626 | €465 | -€161 | -25.7% |
| Gross operating margin | 9900 | €136,760 | €177,703 | +€40,943 | +29.9% |
| Operating profit (loss) | 9901 | €130,048 | €153,565 | +€23,517 | +18.1% |
| Financial income | 75/76B | €9 | €111 | +€102 | +1,133% |
| Recurring financial income | 75 | €9 | €111 | +€102 | +1,133% |
| Financial charges | 65/66B | €2,384 | €2,791 | +€407 | +17.1% |
| Recurring financial charges | 65 | €2,384 | €2,791 | +€407 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €127,673 | €150,885 | +€23,212 | +18.2% |
| Income taxes | 67/77 | €36,478 | €45,682 | +€9,204 | +25.2% |
| Profit (loss) for the period | 9904 | €91,196 | €105,204 | +€14,008 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,196 | €105,204 | +€14,008 | +15.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.