MNNRT: 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.
MNNRT
Largest movements
- Receivables within one year +€57,554
up €57,554 (+771.6%), from €7,459 to €65,013
of which Trade receivables: +€36,725
- Cash +€8,908
up €8,908 (+20.9%), from €42,594 to €51,502
mainly Net result for the year (+€62,115) and Tax, wage and social debts (+€5,910)
- Tangible fixed assets +€1,298
new in 2025: €1,298
- Reserves +€62,115
up €62,115 (+137.3%), from €45,242 to €107,356
- Tax, wage and social debts +€5,910
up €5,910 (+334.7%), from €1,766 to €7,675
- Gross operating margin +€46,881
up €46,881 (+141.5%), from €33,124 to €80,005
- Taxes +€9,810
up €9,810 (+124.9%), from €7,857 to €17,667
- Financial income +€835
new in 2025: €835
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 | €51,999 | €120,018 | +€68,019 | +130.8% |
| Fixed assets | 21/28 | - | €1,298 | +€1,298 | |
| Tangible fixed assets | 22/27 | - | €1,298 | +€1,298 | |
| Furniture and vehicles | 24 | - | €1,298 | +€1,298 | |
| Current assets | 29/58 | €51,999 | €118,720 | +€66,721 | +128.3% |
| Amounts receivable within one year | 40/41 | €7,459 | €65,013 | +€57,554 | +771.6% |
| Trade receivables | 40 | €7,293 | €44,018 | +€36,725 | +503.5% |
| Other amounts receivable | 41 | €166 | €20,995 | +€20,830 | +12563.8% |
| Cash at bank and in hand | 54/58 | €42,594 | €51,502 | +€8,908 | +20.9% |
| Deferred charges and accrued income | 490/1 | €1,946 | €2,205 | +€259 | +13.3% |
| Total equity and liabilities | 10/49 | €51,999 | €120,018 | +€68,019 | +130.8% |
| Equity | 10/15 | €48,742 | €110,856 | +€62,115 | +127.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €45,242 | €107,356 | +€62,115 | +137.3% |
| Distributable reserves | 133 | €45,242 | €107,356 | +€62,115 | +137.3% |
| Amounts payable | 17/49 | €3,257 | €9,162 | +€5,905 | +181.3% |
| Amounts payable within one year | 42/48 | €3,257 | €9,162 | +€5,905 | +181.3% |
| Trade debts | 44 | €1,491 | €1,486 | -€5 | -0.3% |
| Suppliers | 440/4 | €1,491 | €1,486 | -€5 | -0.3% |
| Taxes, remuneration and social security | 45 | €1,766 | €7,675 | +€5,910 | +334.7% |
| Taxes | 450/3 | €1,766 | €7,675 | +€5,910 | +334.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24 | +€24 | |
| Other operating charges | 640/8 | €1,382 | €926 | -€455 | -32.9% |
| Gross operating margin | 9900 | €33,124 | €80,005 | +€46,881 | +141.5% |
| Operating profit (loss) | 9901 | €31,743 | €79,055 | +€47,312 | +149.0% |
| Financial income | 75/76B | - | €835 | +€835 | |
| Recurring financial income | 75 | - | €835 | +€835 | |
| Financial charges | 65/66B | €69 | €107 | +€38 | +55.6% |
| Recurring financial charges | 65 | €69 | €107 | +€38 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €31,674 | €79,782 | +€48,108 | +151.9% |
| Income taxes | 67/77 | €7,857 | €17,667 | +€9,810 | +124.9% |
| Profit (loss) for the period | 9904 | €23,817 | €62,115 | +€38,298 | +160.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,817 | €62,115 | +€38,298 | +160.8% |
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.